New York Financial News

OpenAI seeks to enhance its artificial intelligence products while addressing allegations of copyright infringement. OpenAI is in talks to license articles from CNN, produced by Warner Bros. Discovery Inc., to train ChatGPT and feature CNN's content in OpenAI's products, sources told the publication.

The New York Post. Before the flight took off for Dubai, the passenger “boarded the Boeing 747 normally" but he did not take his seat. He jumped off and fell 20 feet to the tarmac.

Jerry Yu, a 23-year-old student at New York University, has made headlines not for his academic pursuits but for his extravagant ventures in the world of cryptocurrency and Bitcoin mining. Living in a lavish $8 million Manhattan condominium previously owned by Jeffrey R. Immelt, former CEO of General Electric, Yu symbolizes what is often referred to as the «second-generation rich» in China​​.

Nikhil Gupta, a 52-year-old Indian citizen entangled in an alleged plot to eliminate Sikh separatist Gurpatwant Singh Pannun. A federal judge in New York has recently taken a significant stride to ensure transparency in the evolving legal proceedings. The legal proceedings kicked off on January 4, 2024, when Gupta's legal team submitted a motion, urging the court to compel the release of discovery materials. Responding promptly, US District Judge Victor Marrero, through a directive issued on January 8, instructed the government to provide a response to the motion within a concise three-day timeframe.

Gold prices edged higher on Thursday, supported by a softer dollar ahead of a consumer inflation report due later in the day that could shed some light on the U.S. Federal Reserve's interest rate trajectory.

inflation reports and major bank earnings later in the week. Microsoft, Meta Platforms and Nvidia were the biggest boosts to the S&P 500 index, as the benchmark 10-year Treasury note yield held near 4%and a $37 billion auction of the notes drew above-average demand. Communication services was the best performing of the 11 major S&P sectors, lifted by a 3.65% rise in Meta Platforms' stock, which hit its highest intraday level since September 2021, after Mizuho raised its price target to $470 from $400. Nvidia hit a record high and closed up 2.28% after fellow chipmaker TSMC beat fourth-quarter revenue expectations. After ending 2023 with a strong rally, stocks have struggled to find upward momentum, with the S&P 500 barely positive on the year, as mixed economic data and comments from Federal Reserve officials have led investors to dial back expectations for the timing and size of any rate cuts from the central bank this year. But Wednesday's gains left the index just 0.27% away from its record close of 4,796.56 set on Jan.

The yen fell 0.9% on the dollar overnight and 1.2% on the euro after data showed workers' real wages shrank for a 20th straight month in November — confounding officials wishes to see wage gains before tightening policy. The yen was under gentle pressure at 145.55 per dollar in morning trade and hit a six-week low of 159.99 per euro. The euro bought $1.0974 and other majors were steady on the dollar with all eyes on the U.S.

Former FTX CEO Sam “SBF” Bankman-Fried has informed the federal court that he has retained new counsel ahead of his sentencing hearing for seven criminal charges. Additionally, SBF’s legal team submitted a sealed document indicating the possibility of considering an appeal to his November conviction.

By Hannah Lang and Suzanne McGee

Quiver Quantitative — The U.S. East Coast is grappling with significant power disruptions following a massive winter storm, affecting over half a million homes and businesses from Florida to Maine. According to PowerOutage.us, New York has been the hardest hit, with nearly 143,000 customers without electricity. This is closely followed by Pennsylvania, North Carolina, and New Jersey, experiencing approximately 105,000, 70,000, and 58,000 outages respectively. The primary power companies in these states include Con Edison (ED) in New York, FirstEnergy (NYSE:FE) in Pennsylvania, Duke Energy (NYSE:DUK) in North Carolina, and Public Service Electric and Gas in New Jersey, a subsidiary of Public Service Enterprise Group (NYSE:PEG).

By Johann M Cherian and Ankika Biswas

By Luc Cohen

Wall Street is drifting ahead of a report that could bolster or dash the hopes that sent stocks surging into the end of last year

U.S. regulators are soon expected to decide whether to approve the first bitcoin exchange-traded fund, a development that could thrust the once niche and nerdy corner of the internet even further into the financial mainstream

Donald Trump won’t make his own closing argument in his New York civil business fraud trial

Donald Trump plans to deliver his own closing argument Thursday in his New York civil business fraud trial, in addition to the ones made by his legal team

The Securities and Exchange Commissions says a post on X announcing that the agency had approved exchange-traded funds holding bitcoin was “unauthorized,” and that the agency’s account was hacked

(Reuters) — Tens of millions of Americans were under the threat of menacing weather on Wednesday as a powerful winter storm loomed across the East Coast after after leaving in its wake power outages, grounded flights and destruction.

Investing.com -- Shares of Aehr Test Systems (NASDAQ:AEHR) slumped in early trading in New York on Wednesday after the chip equipment tester slashed its annual revenue expectations.

Investing.com — Shares in Intuitive Surgical (NASDAQ:ISRG) rose in premarket trading in New York on Wednesday after the robotic products maker announced preliminary results for the fourth quarter that surpassed analysts' expectations.

Sotheby’s abused its “privilege, power and reputation” to help dupe a Russian billionaire out of millions of dollars as he amassed a world-class art collection, a lawyer for the businessman argued on the first day of a closely watched trial in New York.