New York Financial News

New York and Ontario were quickly closed as a precaution, and the Buffalo-Niagara International Airport began security checks on all cars and told passengers to expect additional screenings. The Niagara Frontier Transportation Authority posted on X, formerly Twitter, that all cars arriving at the Buffalo Airport would undergo security checks. The authority said travelers should also expect additional screenings.

In this week’s newsletter, read about the creator of a Mutant Ape Yacht Club (MAYC) knock-off pleading guilty to fraud charges, check out how OpenSea’s non-fungible token (NFT) users received a massive phishing email campaign, and how Bitcoin transaction fees flipped Ethereum network fees as the hype for Ordinals resurfaced. In other news, game distributor G2A has launched a gaming-focused NFT marketplace. 

By Stephen Culp

Rainbow Bridge Wednesday.In Canada, Public Safety Minister Dominic LeBlanc said in a news conference that Canada is taking the situation “extremely seriously.”“The prime minister and I will receive further information in the coming moments,” he said, shortly before both he and Prime Minister Justin Trudeau left question period for a briefing.LeBlanc did not say whether he has been informed of any injuries or fatalities.There is no official confirmation at this time on the nature of the vehicle explosion.The Rainbow Bridge connecting Canada and the U.S. is currently shut down at Niagara Falls and the FBI says its Buffalo, N.Y., field office is investigating.#FBI Buffalo statement on investigation at the Rainbow Bridge: pic.twitter.com/jRaGLL8sU8— FBI Buffalo (@FBIBuffalo) November 22, 2023The U.S.-based NITTEC, made up of agencies in New York and southern Ontario and which provide real-time traffic updates and border crossing information to travelers, had confirmed the bridge closure in a social media post Wednesday afternoon, saying the bridge “is closed from Main St to Falls Ave in Niagara Falls because of a crash.”The closure was reported at 11:51 a.m., the traffic authority coalition said.

The Information. Shleifer’s decision to transition out is largely based on geography, a person familiar with the development said, asking to remain anonymous. “Tiger Global is operating in-person out of our New York offices, whereas Scott and his family have made their home in Florida and want to stay there.

OpenAI and Microsoft are facing a lawsuit alleging the improper use of nonfiction authors’ work to train AI models, including OpenAI’s ChatGPT service. Author and reporter Julian Sancton sued the companies on Nov. 21. 

After decades as some of the world’s most disappointing stocks, Japanese equities are suddenly lighting it up once again

Susan Sarandon was on Wednesday dropped by her talent agency UTA following her controversial remarks on the ongoing Israel-Hamas war in Gaza. The Thelma & Louise star, while addressing a pro-Palestine rally in New York on Friday, lambasted at the Jewish community, saying they were «getting a taste of how it feels to be Muslim in America”. “There are a lot of people that are afraid, that are afraid of being Jewish at this time. Jews in America are getting a taste of what it feels like to be a Muslim in this country, so often subjected to violence,» the 77-year-old actress said at the rally. The Hollywood agency said it found her views on the Israel-Hamas war «extremely disturbing» and hence decided to Earlier, reacting to Sarandon's remarks, Israeli Mission to the UN's previous head of speechwriting issued a statement.

Scott Shleifer, New York-based Tiger Global’s head for private investments – who also oversaw India investments which had his firm backing – is stepping down from his role at the fund, founder Chase Coleman told limited partners (LPs) in a letter, according to media reports. He will take on a new role as adviser to the fund, effective January 1.

Crypto lender Genesis Global Capital has taken legal action against cryptocurrency exchange Gemini Trust in an attempt to reclaim over $689 million. 

A U.S. navy surveillance plane trying to land at a military base in Hawaii overshot the runway and ended up floating in the waters of Kane’ohe Bay on Monday. The plane is still floating there as of Tuesday morning as it sits on top of a reef in shallow water, according to local media.

The U.S. Securities and Exchange Commission (SEC) has recently held discussions with Grayscale about converting the Grayscale Bitcoin Trust (GBTC) into its spot Bitcoin exchange-traded fund (ETF).

New Jersey is prohibiting the sale of new gasoline-powered vehicles by 2035 as part of an effort to improve air quality and reduce planet-warming pollutants

The exchange rate is top of mind for millions of Argentines coping with triple-digit inflation

Best Buy Co. posted stronger-than-expected profits, but reported a deeper-than-expected drop in revenue for the fiscal third quarter as shoppers continue to pull back on buying gadgets in an uncertain economy

Wall Street’s rally ran out of momentum, and stocks drifted lower a day after hitting their highest level since the start of August

A company proposing a wind farm off New Jersey is investing $10.6 million to help grow the industry’s supply chain and support related technology startups

Kazakhstan's Ministry of Culture and Information has clarified its decision to block the global cryptocurrency exchange, Coinbase, within the nation's borders. The ministry asserts that the trading of cryptocurrencies on Coinbase is in direct violation of the Kazakhstani law on Digital Assets. This clarification was provided in response to an inquiry from «Kursiv,» following a request from the Ministry of Digital Development, Innovations, and Aerospace Industry. The request was made to block access to Coinbase, which contravened section 5 of Article 11 of the country’s Digital Assets Law.

Morgan Stanleyco-president Andy Saperstein has been diagnosed with cancer and plans to keep working as he begins to receive treatment.

The band on Monday announced dates for its tour in North America. The group, led by core members Mick Jagger, Keith Richards and Ron Wood, will begin their American tour in Houston, Texas, followed by performances in 12 other cities in the country before taking the stage in Vancouver city of Canada.

By Howard Schneider