New York Financial News

Portuguese soccer star Cristiano Ronaldo has been hit with a billion dollar class-action lawsuit over his role in promoting cryptocurrency-related “non-fungible tokens,” or NFTs, issued by the beleaguered cryptocurrency exchange Binance

A New York appeals court has reinstated a gag order that barred Donald Trump from commenting about court personnel after he disparaged a law clerk in his New York civil fraud trial

General Motors is losing money on every electric vehicle it sells, but the company says it’s on track to generate mid single-digit pretax profit margins in 2025 as it produces more higher margin EVs, works out kinks in battery manufacturing and sees ba...

The nonprofit organization GivingTuesday estimates that donors gave $3.1 billion this year on what has become one of the most important fundraising dates for U.S. nonprofits, the Tuesday after Thanksgiving

Billionaire Elon Musk has said advertisers who have halted spending on his social media platform X in response to antisemitic and other hateful material are engaging in “blackmail.”

Most drivers would pay $15 to enter Manhattan’s central business district under a plan released by New York officials

Federal officials say they will give investigators a better tool for understanding accidents and close calls between planes

Stardew Valley, the popular game, is hitting the road with its first-ever concert tour, "Festival of Seasons," organized by ConcernedApe. With an initial 14 shows in the United States, Canada, the United Kingdom, Australia, and Southeast Asia, the tour expanded to 36 cities across 12 countries. The concert promises an intimate experience with fresh arrangements of the game's beloved soundtrack. Fans eagerly anticipating the tour can now find details on dates, cities, and ticket sales.

(Reuters) — U.S. oil refiner Phillips 66 (NYSE:PSX) has retained two top financial and legal advisers for its duel with activist investor Elliott Investment Management, according to a person familiar with the matter.

Elon Musk told advertisers that have fled social media platform X over antisemitic content to «Go f… yourself» in a fiery Wednesday interview. His profanity-laced remarks followed a moment of contrition in a New York Times DealBook Summit interview. Musk said repeatedly he was sorry for publishing a tweet on Nov.

By Dietrich Knauth

Alibaba Group Holding is set to lose its position as China's most valuable e-commerce firm to eight-year-old upstart PDD, a watershed moment for an internet industry that Jack Ma's firm dominated for more than a decade. Alibaba slid as much as 1.4% in Hong Kong, putting its market value at about $187 billion and on track to close below US-listed PDD Holdings' $188.3 billion, according to Bloomberg calculations. PDD, the company best known for hit US shopping app Temu and domestic bargains trailblazer Pinduoduo, closed nearly 2% higher in New York on Wednesday. The once-inconceivable shift reflects the turmoil that engulfed Alibaba after Beijing in 2020 targeted the company and its once-outspoken co-founder, kicking off a sweeping crackdown on the powerful tech sector.

The New York State Department of Financial Services (NYDFS) has revised its guidelines on the listing and delisting of cryptocurrencies. This move aims to bolster investor protection and ensure that virtual currency businesses adhere to heightened regulatory standards.

A federal judge has accepted confidential materials from Jump Crypto Holdings in discovery as part of the Securities and Exchange Commission’s lawsuit against Terraform Labs.

By Chavi Mehta

Henry Kissinger's passing on Wednesday at the age of 100, social and political analysts have passionately discussed Kissinger's life and career. Kissinger's legacy in international politics has drawn praise and criticism in equal measure. Although many hail his contribution to global affairs, others denounce him and call hm a “war criminal” for carpet bombing Cambodia in the midst of the Vietnam War in a covert operation The war is estimated to have left at least 150,000 civilians dead. One notable cultural figure who expressed strong disapproval of Kissinger was the late chef, food writer, and TV host Anthony Bourdain.

Investing.com — U.S. stock futures rose Thursday, ending a largely positive month on a strong note ahead of the release of important inflation data which could offer clues of future Federal Reserve interest rate intentions.

Geneva, New York and Hong Kong, the Economist Intelligence Unit (EIU) said on Thursday as it cautioned that the global cost-of-living crisis was not yet over. On average, prices have risen by 7.4% year on year in local currency terms for over 200 commonly used goods and services, a drop from the record 8.1% increase last year but still "significantly higher than the trend in 2017-2021," it said in a report.

Elon Musk is in your news feed again. The richest man in the world on Wednesday told advertisers who were dropping his social media platform X because of antisemitic posts, to go ‘f**k themselves’. In an interview with Andrew Ross Sorkin in a New York Times DealBook Summit, Musk candidly addressed the recent controversy. Let's take a look at the highlights of this viral conversation:

Metro Brands share price jumped nearly 9% to touch a 52-week high on Thursday's trade following the company's announcement on Wednesday of a strategic partnership with New York-based specialty athletic retailer Foot Locker, Inc. Metro Brands share price opened at ₹1,371.50 apiece on BSE.

A look at the day ahead in European and global markets from Wayne Cole.