New York Financial News

17.02 / 22:37

Platform Election Death President social Courts Trump to address supporters after $355 million fraud ruling

By Nathan Layne and Gram Slattery

17.02 / 20:53

Racing audience reports Videos OpenAI deal lets employees sell shares at $86 billion valuation

OpenAI has completed a deal allowing employees to sell stakes in the company, according to a person familiar with the matter. The tender offer values the artificial intelligence startup at $86 billion, a price that makes OpenAI one of the most valuable startups in the world. Bloomberg previously reported the value and that Thrive Capital, the venture capital firm led by Josh Kushner, would lead the deal.

17.02 / 16:47

Reuters Food country reports International Exclusive-Mondelez revamps European operations after boycotts over Russian business, internal memos show

By Jessica DiNapoli

17.02 / 16:47

Platform Racing Election Injustice President Justice social Trump hit with $354.9 million penalty, 3-year ban in NY civil fraud case

(This Feb. 16 story has been refiled to fix a typo in 'blank-check' in paragraph 22)

17.02 / 14:43

Provident Platform CBS audience blues Department Features Blue Bloods Season 14 premiere: How to watch the final season

Blue Bloods embarks on its grand finale, fans are in for a treat with the release of Season 14. Here's a comprehensive guide on how to catch the highly anticipated premiere, offering three viewing options for an unforgettable experience.

17.02 / 13:49

UPS Death Bill Experts Universities Courts Donald Trump avoids 'corporate death penalty', but his business will still get slammed

Donald Trump won't face the corporate death penalty after all. A New York judge on Friday spared the ex-president that worst case punishment as he ruled in a civil case alleging Trump fraudulently misrepresented financial figures to get cheaper loans and other benefits. Still, Trump got slammed hard, facing big cash penalties, outside supervision of his companies and restrictions on his borrowing.

17.02 / 08:57

Booking Remark wellness social Destinations Employee quits as boss cancels leave for brother's wedding in Bali; Netizens say, 'Quick fix - Boss has to….'

New York Post. The employee pleaded the boss to not dismiss his leaves and said, “All flights are paid for and my kids are in the wedding party." He added, “I did book this in seven months ago, so canceling isn’t an option. I can help out more until I leave if that helps, but I can’t change my leave dates." Despite this, the boss asked Noel to reduce his leave from three weeks to three days while mocking Bali as a destination.

17.02 / 07:11

Racing Fallout Sony audience reports Videos OpenAI deal lets employees sell shares at $86 billion valuation

artificial intelligence startup at $86 billion, a price that makes OpenAI one of the most valuable startups in the world. Bloomberg previously reported the value and that Thrive Capital, the venture capital firm led by Josh Kushner, would lead the deal. Also Read | Why Jeff Bezos sold Amazon shares worth $6 billion this week? Internet has some funny reasons OpenAI and Thrive Capital declined to comment.

17.02 / 04:05

Provident Google CEO ByteDance SpaceX SOLIDARITY Schools OpenAI completes deal that values company at $80 billion

OpenAI has completed a deal that values the San Francisco artificial intelligence company at $80 billion or more, nearly triple its valuation in less than 10 months, according to three people with knowledge of the deal. The company would sell existing shares in a so-called tender offer led by venture firm Thrive Capital, the people said. The deal lets employees cash out their shares in the company, rather than a traditional funding round that would raise money for business operations.

17.02 / 04:05

UPS Provident security President Experts country What the civil fraud ruling means for Trump's finances and his empire

Donald Trump lost his civil fraud trial Friday, as a judge found him liable for violating state laws and penalized him nearly $355 million plus interest. In total, Trump is expected to have to pay more than $450 million. The judge, Arthur Engoron, did not stop there. Along with other punishments, he barred the former president from leading any company in the state, including portions of Trump's family business, for three years. In doing so, he granted requests from the New York attorney general, who brought the case, accusing Trump of violating state laws by inflating his net worth in documents submitted to lenders.

17.02 / 02:25

students Universities Golf Justice Trump and real estate firm hit with $365 million fine in fraud suit, barred from running biz in New York for 3 years

Putin prefers Biden's win for 2nd term over Trump, says ‘more experienced and…’ The fine was mostly based on the $168 million Trump saved by getting lower interest rates on four loans by lying about his wealth. It also includes the $127 million profit from the Old Post Office hotel deal in Washington and $60 million from the sale of Ferry Point golf course in New York, which the state says he wouldn’t have been able to purchase without inflating the value of his assets.

17.02 / 00:43

Parke awards Oscar Diversity show inclusion gatherings A nomination makes someone feel ‘more included,’ manager says

It’s awards season. The Oscar nominations have been announced, although the winners have yet to be revealed. But there’s another award show that’s dedicated to showcasing the best and brightest of wealth professionals: the InvestmentNews Awards!

16.02 / 22:56

UPS Charity Election Opinion President Experts stars Judge orders Trump and his companies to pay $355 million in New York civil fraud case

A New York judge has ordered Donald Trump and his companies to pay $355 million in penalties

16.02 / 22:03

Citi wellness President Experts Justice prevention International Trump fined $364M in New York civil fraud trial

Donald Trump and his real estate company suffered a major defeat in New York’s civil fraud suit over his inflated asset valuations, after a judge barred the former president from running any business in the state for three years and ordered the return of $364 million in illegal profits.

16.02 / 19:03

markets UPS CEO Strategy gatherings International Goldman CEO Solomon’s pay surges 24 percent to $31M

Goldman Sachs Group Inc. boosted David Solomon’s compensation 24 percent to $31 million for a year in which earnings slumped at the Wall Street giant.

16.02 / 17:01

markets ETF SEC VanEck social Investigations Sporting SEC fines VanEck $1.75M over ETF finfluencer promotion

The SEC announced a $1.75 million civil penalty against VanEck over its failure to reveal a social media influencer’s role in marketing a new ETF.

16.02 / 15:58

BNB Binance Coin eTukTuk Binance Coin Price Prediction as BNB Reaches Highest Level Since November 2022 – Time to Buy?

Binance’s native BNB coin has just hit $359, reaching its highest level since November 5, 2022, when the token traded at $353, according to data by CoinGecko.

16.02 / 15:54

jp morgan People moves fixed income multi-asset investment research JP Morgan Private Bank names international fixed income and multi-asset research head

Gonzalez first joined the private bank in New York in 2015 as a fixed income investment research analyst.

16.02 / 15:14

Reuters ETF SEC security track social Sporting Van Eck to pay $1.75 million fine over social sentiment ETF -SEC

NEW YORK (Reuters) -Van Eck Associates Corporation has agreed to pay a $1.75 million fine to settle U.S. Securities and Exchange Commission charges related to the 2021 launch of its social media-focused exchange-traded fund, the regulator said on Friday.

16.02 / 14:32

Google CEO Experts country social information Videos OpenAI reveals Sora, a tool to make instant videos from written prompts

The maker of ChatGPT on Thursday unveiled its next leap into generative artificial intelligence with a tool that instantly makes short videos in response to written commands

16.02 / 14:31

COST Food Trade show beautiful reports Department Retail sales fall 0.8% in January from December as shoppers pause after strong holiday season

Americans pulled back their spending in January after splurging during the holiday season

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