New York Financial News

17.01 / 07:05

Citi Parke reports Schools New York City breaks 700-day snow drought as climate change alters weather patterns

New York City, after an unprecedented 700-day hiatus, saw its first measurable snowfall on January 16, ending a historic period without substantial snow. Central Park, a significant location in the city, reported a layer of snow, breaking the previous record of 400 days without considerable snowfall set in 1998, according to The New York Times. This exceptional absence of snow began after Central Park recorded 1.6 inches of snow on February 13, 2022. The National Weather Service confirmed an inch of snowfall at Central Park since midnight, with a total of 1.4 inches since the storm's onset on Monday.

17.01 / 07:00

markets Citi Remark show performer 2020 reports stake Chennai Petroleum: FIIs raise stake in this multibagger stock to all-time high of 14.7%

Chennai Petroleum, a government-owned refinery company, saw its foreign institutional investor (FII) holdings reach an all-time high of 14.7% in the December quarter (Q3 FY24). In the same quarter of the previous fiscal year, FIIs owned a 4.7% stake in the company. FIIs have been increasing their stake in the firm steadily, but the majority of the increase happened in the most recent quarter.

17.01 / 02:17

Target Southern Trade President Freedom reports International US carries out new strikes against Houthis in Yemen

US Central Command. The US carried out strikes after Houthi launched an anti-ship ballistic missile from Houthi-controlled areas of Yemen into international shipping lanes in the Southern Red Sea. The strikes on Tuesday, the third against Houthi since a US-led air and naval barrage hit dozens of targets last week and destroyed four missiles that the US Central Command said posed an imminent threat to merchant vessels and Navy ships travelling through the Red Sea and nearby waters, The New York Times reported.

17.01 / 02:12

CEO BBC Fitch information reports Interviews Investigations BBC claims former CEO of Abercrombie & Fitch Mike Jeffries involved in sex trafficking, FBI begins probe

Abercrombie & Fitch (A&F) sexually exploited men at events he hosted across the globe. A civil lawsuit against Mike Jeffries and his British partner also claimed that they operated a sex-trafficking business, according to a report published by BBC. Currently, the federal investigating agency is interviewing and issuing subpoenas to potential witnesses.

16.01 / 19:23

COST UPS Fighting Trade President cover reports Banks prepare to take on the Biden administration over billions of dollars in overdraft fees

The Consumer Financial Protection Bureau is expected to propose rules this week that further rein in banks’ ability to charge customers a fee when they overdraw their bank account

16.01 / 19:23

Twitter Platform security Strategy Food President information Uber cuts off Drizly, alcohol delivery app it bought for $1.1 billion three years ago

Uber is shutting down alcohol delivery app Drizly, the company confirmed this week, just under three years after acquiring the platform for $1.1 billion

16.01 / 19:23

UPS Food pandemic students social Department Interviews end Advocacy groups are petitioning for the end of SNAP interview requirements

Student and legal advocacy groups are petitioning the U.S. Department of Agriculture to lift the interview requirement for Supplemental Nutrition Assistance Program applicants to receive food aid

16.01 / 18:51

COST Target Reuters Manufacturing Trade Target seeing some disruption of India supplies due to Red Sea crisis

By Siddharth Cavale

16.01 / 18:46

COST UPS Airlines CAT rights Why fogs disrupt flights in India every year and how to fix it

₹10 crore, it has two radio signals—a Localizer that offers left or right guidance, and a Glide Slope for up or down signals. Airports typically apply the Category II (CAT-II) procedure for flights and pilots when visibility is 275-550 metres, and CAT-III below 275 metres, down to 50 metres. Only CAT-III B certified pilots can land when the visibility is about 50 metres.

16.01 / 14:53

markets COST UPS wellness Trade performer Goldman Sachs 4Q profits jump 51%, but full year reflects difficult quarter for the bank

Goldman Sachs’ profits jumped 51% from a year earlier, the investment banks said Tuesday, helped by the strong returns in the overall market in the last three months of the year

16.01 / 14:09

CEO Enterprise wellness Laird Norton, Wetherby to bring all offices under new streamlined brand

In the increasingly competitive world of wealth management and investment advisory services, having a strong brand is key.

16.01 / 13:57

UPS Software Simulation Broadcom Synopsys ANSYS Synopsys to buy engineering software firm Ansys in $35 billion deal

By Milana Vinn and Anirban Sen

16.01 / 13:20

People moves fixed income Boutique Vontobel appoints head of fixed income boutique as Lue-Fong retires

Andrew Jackson (pictured) was previously head of fixed income at Credit Suisse Asset Management.

16.01 / 12:09

COST Manufacturing Strategy Southern Trade California’s Long-Embattled Ports Are Winning Back Imports

U.S. importers are rediscovering the lure of Southern California ports. Trade is swinging back to the ports of Los Angeles and Long Beach after a period in which pandemic-driven shipping disruptions and broader shifts in manufacturing pushed supply chains more heavily toward Gulf Coast and East Coast ports.

16.01 / 11:19

markets UPS TikTok Uniqlo social reports Videos Japan's Uniqlo sues China rival Shein over viral bag copies

Uniqlo said Tuesday that it is suing Chinese rival Shein over copycats of a massively popular crossbody pouch dubbed online the "Mary Poppins carryall". Videos of fans praising its deceptively small size have gone viral on social media, with one clip on TikTok of a young woman unpacking numerous large items racking up more than a million views.

16.01 / 07:35

markets COST UPS Ball reports Chocolate maker Lindt & Spruengli 2023 sales boosted by higher prices

(Reuters) -Swiss chocolate maker Lindt & Spruengli on Tuesday said its 2023 sales grew by 10.3% organically and came in ahead of market expectations, boosted by higher product prices and strong sales of its pralines across markets.

16.01 / 07:35

markets UPS Research Trade show country Analysis-Coming flood of US Treasury issuance unsettles some investors after blazing rally

By Davide Barbuscia

15.01 / 23:41

Twitter Digital CEO Platform social Features elon Elon Musk's X receives money transmitter license in Utah

(Reuters) — Elon Musk's social media platform X, formerly known as Twitter, on Monday received a money-transmitter license from Utah, the 15th U.S. state to grant approval as the company explores offering payment features.

15.01 / 21:35

markets COST IPO Election Trade Interviews NYSE vice-chair sees 'robust' pipeline of potential IPOs in 2024

By Divya Chowdhury and Lisa Pauline Mattackal

15.01 / 20:49

Extradition Terraform Labs Co-founder Do Kwon Appeals Extradition Decision Amid Claims of Political Pressure

Do Kwon, co-founder of Terraform Labs, has once again appealed the Montenegro High Court’s decision to uphold extradition requests from the U.S. and South Korea. His legal team argues that the recent decision by the Montenegro High Court violates legal provisions, the European Convention on Extradition, and the bilateral treaty with the U.S. on extradition.

15.01 / 19:55

markets Blockchain UPS CEO security Trade Courts Defunct Celsius CEO Mashinsky Moves to Sweep Fraud Charges Under Carpet

The former CEO of the Celsius Network, Alex Mashinsky, has filed a motion requesting the dismissal of charges related to commodities fraud and market manipulation. This request was made through his legal team.

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