New York Financial News

13.01 / 10:25

markets DOW JPMorgan economy UnitedHealth reports week Stock market today: Wall Street closes out its 10th winning week in 11 with a mixed finish

Wall Street drifted to a mixed finish as it closed out its 10th winning week in the last 11

13.01 / 10:25

markets UPS Art Action Courts Tearful Russian billionaire who spent $2 billion on art tells jurors Sotheby's cheated him

A Russian billionaire who accused Sotheby's of teaming up with a Swiss art dealer to cheat him of tens of millions of dollars became tearful while testifying in court and calling for more transparency in the art market

13.01 / 10:25

UPS Citi CEO JPMorgan wellness cover reports Banks upbeat on US consumer despite bank profit declines, inflation and rising debt levels

Three of the nation’s biggest banks say their profits fell last quarter

13.01 / 04:41

show reports Courts Donald Trump to pay $400,000 in legal charges to The New York Times and its reporters

AP. While referring to a New York law that bars baseless lawsuits designed to silence critics, Times spokesperson Danielle Rhoads Ha said, “Today's decision shows that the state's newly amended anti-SLAPP statute can be a powerful force for protecting press freedom," reported AP.

13.01 / 03:57

COST DOW Food show reports end inflation data US stocks end little changed as earnings offset inflation data

bank earnings offset cooler-than-expected inflation news that buoyed hopes for interest-rate cuts from the Federal Reserve. On Friday, data showed U.S. producer prices unexpectedly fell in December as the cost of goods such as food and diesel fuel declined, while prices for services were unchanged for a third consecutive month, in contrast to Thursday's hotter-than-expected consumer inflation reading. Expectations for a rate cut of at least 25 basis points by the Fed in March moved up to 79.5%, according to CME's FedWatch Tool, from 73.2% in the prior session.

13.01 / 03:21

IPO BLOCK SEC security country reports rights Exclusive-Shein seeks China's permission for US IPO -sources

By Julie Zhu and Anirban Sen

13.01 / 02:25

Man Death Bill country concert singer Once a drug dealer, Jelly Roll gives emotional fentanyl bill testimony

fentanyl crisis on Thursday, sharing that he wants to be “part of the solution” for the opioid crisis.The 39-year-old singer, whose real name is Jason DeFord, spoke during the Senate’s banking, housing and urban affairs committee hearing in Washington, D.C.The “Stopping the Flow of Fentanyl: Public Awareness and Legislative Solutions” hearing addressed the rising number of deaths caused by fentanyl and other drug overdoses.“At every concert I perform, I witness the heartbreaking impact of fentanyl. I see fans grappling with this tragedy in the form of music … that they seek solace in music and hope that their experiences won’t befall others,” he said.

13.01 / 01:15

Provident Digital Google Platform information reports Schools ET Explainer: OpenAI’s response to NYT’s copyright lawsuit

ChatGPT developer OpenAI issued a blog post responding to allegations levelled by the New York Times in a lawsuit filed last month. The news organisation had accused OpenAI of «wide-scale copying» and using millions of articles published by it for training chatbots. OpenAI has refuted some of these allegations and claimed that the fair use doctrine of copyright laws will apply in its case. ET explains the case and its ramifications.

13.01 / 00:37

Digital Currency Group NYDFS Genesis Global Trading Settles with NYDFS, Pays $8 Million Penalty, and Surrenders BitLicense

Genesis Global Trading, a subsidiary of Digital Currency Group, has agreed to pay an $8 million penalty to the New York State Department of Financial Services (NYDFS) after settling allegations of compliance failures. The NYDFS accused the company of violating virtual currency and cybersecurity regulations, leading to its vulnerability to illicit activities and cybersecurity threats.

12.01 / 22:09

markets Provident Platform Apple Tesla NVIDIA 2020 Hedge funds hunt new 'magnificent' tech stocks

By Carolina Mandl

12.01 / 22:09

markets UPS economy Matthews performer reports Red Sea tensions put focus on struggling U.S. energy stocks

By Lewis Krauskopf

12.01 / 21:35

UPS Parke wellness Bill President information play NFL play-off wild-card game between Pittsburgh Steelers, Buffalo Bills to be moved from Buffalo to Cleveland?

NFL does not have any plans to get the world rid of a snow game yet. The league dismissed a rumor sourcing from a radio station in Pittsburgh that Pittsburgh Steelers-Buffalo Bills wild card playoff game on Sunday could be transferred to Cleveland because of weather conditions. For Erie County which is Bills' Highmark Stadium's home in Orchard Park, NY, a winter storm watch is in operation. There is a probability of seven or greater inches of snow as well as heavy winds as per WGRZ.com.

12.01 / 21:19

markets UPS Strategy CBOE Trade US stock investors splurge on cheap options hedges with VIX near four-year lows

By Saqib Iqbal Ahmed

12.01 / 17:07

markets UPS JPMorgan economy Citigroup wellness JPMorgan posts record net interest income

JPMorgan Chase & Co. closed out the most profitable year in US banking history with its seventh consecutive quarter of record net interest income and a surprise forecast that the windfall may continue this year.

12.01 / 16:31

UPS Digital Trade reports Department Investigations Crypto firm Genesis Global Trading to pay $8 million penalty, surrender NY license

Digital Currency Group subsidiary Genesis Global trading will pay an $8 million penalty and surrender its license from the regulator after an investigation found significant failings in the company's anti-money laundering and cybersecurity programs. Genesis — a cryptocurrency market-maker and brokerage firm — failed to maintain an effective compliance program for anti-money laundering and Bank Secrecy Act requirements and did not file sufficient Suspicious Activity Reports, which requires financial institutions to flag certain transactions to law enforcement.

12.01 / 15:25

markets Reuters Digital Strategy BlackRock social International BlackRock strikes $12.5 billion deal for Global Infrastructure Partners

NEW YORK/LONDON (Reuters) -BlackRock said on Friday it would buy Global Infrastructure Partners (GIP) for $12.5 billion in a major bet on alternative assets and announced a shake-up of its top management.

12.01 / 15:05

CEO Citigroup reports Updates International Citigroup is cutting 10% of its workforce in CEO Jane Fraser’s corporate overhaul

In this article

12.01 / 14:55

markets COST Action Strategy Tesla Hertz to sell one-third of EV fleet in shift back to gas-powered cars

Hertz Global Holdings Inc. plans to sell a third of its United States electric vehicle fleet and reinvest in gas-powered cars due to weak demand and high repair costs for its battery-powered options.

12.01 / 14:01

markets UPS JPMorgan Citigroup wellness reports BNY Mellon profit halves on FDIC deposit fund, other charges

(Reuters) -Bank of New York Mellon Corporation on Friday reported a 50% fall in fourth-quarter profit due to some one-time charges, including those tied to the Federal Deposit Insurance Corporation's (FDIC) deposit insurance fund.

12.01 / 13:59

Art Digital film Celebrity cover audience International Aribam Syam Sharma's "Ishanou" set to grace New York's Museum of Modern Art festival

Aribam Syam Sharma's masterpiece, "Ishanou", is all set to grace the prestigious Museum of Modern Art (MoMA) 'To Save and Project Festival' in New York this month. Manipur State Film Development Society achieves international acclaim with the restoration of Aribam Syam Sharma's masterpiece, «Ishanou» (1990).

12.01 / 13:59

Platform Netflix President show innovations reports Netflix's 'Ransom Canyon' release date: What we know about 'Yellowstone meeting Virgin River' show

Netflix is making a new show "Ransom Canyon". The OTT streaming platform has called the show as 'Yellowstone' meeting «Virgin River». The show will be based on an eponymous novel written by New York Times bestseller author Jodi Thomas. According to reports, there will be 10 episodes to begin with. All episodes will be 60-minutes each.

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