New York Financial News

Foot Locker on Wednesday announced the signing of a long-term licensing agreement with Metro Brands Limited (MBL) and Nykaa Fashion. “This partnership will offer the most comprehensive selection of global sportswear and footwear to sneaker fans in India,” said the New York-based speciality athletic retailer in a statement. According to a report, the volume of the sneaker segment in India is projected to reach 66 million pairs by 2028. The sneaker segment is experiencing rapid growth in the country, with consumers seeking out unique designs that blend traditional Indian elements with modern trends. Under the terms of the agreements, MBL is granted exclusive rights to own and operate Foot Locker stores within India and to sell authorized merchandise in Foot Locker stores.

Investing.com — Foot Locker (NYSE:FL) has reported better-than-expected earnings and a shallower than anticipated slide in sales in the third quarter, although the athletic apparel retailer narrowed its full-year earnings guidance due to «ongoing consumer uncertainty.» 

By John Revill

Virgin Atlantic flew its landmark flight on November 28, 2023, based on 100 per cent sustainable aviation fuel (SAF) from Heathrow Airport in London to the John F Kennedy International Airport in New York, which landed today on November 29. The flight is being called Flight100, marking a significant milestone towards Net Zero by 2050. UK Prime Minister, Rishi Sunak, in an Instagram post, said, "Our Government has made up to £1 million of funding available to support the project.

The beleaguered crypto lender Genesis and its parent company, Digital Currency Group (DCG), have reached a settlement that could end the protracted lawsuit aimed at recovering $620 million in repayments from DCG.

Bankrupt crypto lender Genesis and its parent company, Digital Currency Group (DCG), has struck a deal that could end an ongoing lawsuit to claw back $620 million in repayments from DCG. 

Shein has a lot of work to do to convince skeptics that the runway is clear for it to launch an initial public offering next year. The Singapore-headquartered company filed confidentially for a listing in New York, a person familiar with the matter has said, weeks after Bloomberg News reported that it could seek a valuation of as much as $90 billion in a first-time share sale.

It’s not just you

The first transatlantic flight by a commercial jet powered solely by so-called sustainable aviation fuel has flown from London to New York

Amazon finally has its answer to ChatGPT

Malaysia's government says more than 120 suspected victims of job scams have been rescued after being stranded by fighting in northern Myanmar between the military and armed ethnic groups

Sports Illustrated is the latest media company damaged by being less than forthcoming about who or what is writing its stories at the dawn of the artificial intelligence age

Federal Reserve officials, with upbeat consumer data providing some lift. All three major U.S. stock indexes lost momentum as the session progressed, but ended the range-bound session in the green. «Even marathon runners have to pause, to take a breath and a drink of water.

The United States Securities and Exchange Commission has announced the next steps in its consideration of the proposed Franklin Templeton and Hashdex spot Bitcoin (BTC) exchange-traded fund (ETF) bids.

Fashion company Shein has confidentially filed to go public in the United States, according to two sources familiar with the matter, in what is likely to be one of the most valuable China-founded companies to list in New York.

A federal judge has accepted materials from Jump Crypto Holdings in discovery for the United States Securities and Exchange Commission (SEC) case against Terraform Labs.

A federal judge has approved an order requiring crypto lending firm Voyager Digital and its affiliates to pay $1.65 billion in monetary relief to the United States Federal Trade Commission (FTC).

The man charged with shooting three college students over the holiday weekend in Vermont has had a peripatetic, on-again, off-again career in the retail securities industry, working as a registered broker at five different firms over more than two decades.

NAHB CEO Jim Tobin discusses the state of the housing market, American homeownership, and using family money for home down payment.

By Carolina Mandl

According to the FOX Forecast Center, the lake-effect snow resulted in high gear on Monday as cold air came into the US from Canada. This caused the lake-effect snow to intensify and cover the lakes downwind for several days. The forecaster has predicted that the western and central New York will receive the highest snowfall. Meanwhile, some places south of Watertown, New York, may record snow of up to 2 feet on Wednesday. Lake-Effect Snow Warnings have been sounded across Erie, Pennsylvania, into Jamestown, New York, and the Buffalo Southtowns, and locations such as Syracuse, Watertown and Old Forge of central New York. Owing to the weather condition, New York Governor, Kathy Hochul has urged all residents of New York to brace up for the impact of the winter storm. She has also asked the people to be extra cautious and check the forecast before planning a trip. Hochul in a statement said, «The most hazardous weather conditions will be in the areas where lake-effect snow bands form and produce a lot of snow in a short period, which will hamper travel in some places for the next day or so». According to the FOX Forecast Center, from the northeastern Ohio snowbelt through southwestern New York and the Buffalo Southtowns, more than a foot of snow is predicted to fall. In the metro Buffalo area, where only a few inches of snowfall are possible, significant snowfall totals are not anticipated. The eastern shores of Lake Ontario on the Tug Hill Plateau in central New York are expected to receive very heavy snowfall. On Tuesday afternoon, the winds will shift to the northwest resulting in snowfall in Syracuse, New York, metro. Besides, Tug Hill Plateau is likely to receive more than 2 feet of snow.