New York Financial News

New York City officials say retailers and food delivery companies must do more to halt the proliferation of unsafe e-bike and e-scooter batteries, after a fire blamed on an electric scooter’s lithium ion battery killed three people

Target has reported better-than-expected profits for its fiscal third quarter, benefiting from its efforts to hold down costs

Investment bankers and equities sales and trading teams are likely to be hit the hardest during Wall Street’s next round of bonus payments.

Subrata Roy death news: Sahara Group founder Subrata Roy passes away after battling prolonged illness A statement by the company on the matter confirmed the death of Sahara Founder. The statement read, “It is with profound sadness that Sahara India Pariwar informs the demise of our Hon’ble ‘Saharasri’ Subrata Roy Sahara, Managing Worker and Chairman, Sahara India Pariwar." Subrata Roy's assets once included the famous Plaza Hotel in New York, Grossvenor House in London and former Force India Formula One team, reported Reuters.

The creator of the Mutant Ape Planet nonfungible token (NFT) collection — a knock-off of Yuga Labs’ Mutant Ape Yacht Club project — has pleaded guilty to conspiracy to commit wire fraud in a New York federal court.

Aurelien Michel, the 25-year-old designer of “Mutant Ape Planet” NFTs, pled guilty to conspiring to commit wire fraud at the federal courthouse in Brooklyn, New York, on Tuesday.

By Svea Herbst-Bayliss

NEW YORK (Reuters) — U.S. bond giant Pacific Investment Management Company (PIMCO) said on Tuesday it favors bonds over other asset classes next year as it expects economic growth to have peaked and that inflation will slow down.

By Lewis Krauskopf

Investing.com — Here is your Pro Recap of the biggest analyst cuts you may have missed since yesterday: downgrades at ANSYS, Beauty Health, Corteva , and New York Community Bancorp.

Stocks are leaping after a report on U.S. inflation sent waves of relief through Wall Street

In a return trip to the witness stand, Donald Trump Jr. has waxed exuberantly about his family business and what he called his father's «incredible vision” as a developer

By Sruthi Shankar and Amruta Khandekar

By Herbert Lash

By Roselle Chen

interview with CNN, he had said, “...The one number in the polling that was concerning, and in the CNN poll that followed after The New York Times poll, had to do with age, and that is one thing you can’t reverse no matter how effective Joe Biden is behind the scenes. In front of the camera, what he’s projecting is causing people concerns, and that is worrisome." Days later, MARTIN said in his commentary, "Calling David Axelrod “a prick," as a person who has heard Biden use the word says he does in private, is not a strategy to win 270 electoral votes." When asked polling that showed him trailing Donald Trump in battleground states, Biden said, "Because you don’t read the polls — there are 10 polls — eight of them I’m beating him in.

Piyush Goyal has visited the manufacturing facility of US-based electric vehicle major Tesla at Fremont, California and said that the company would be doubling its auto components imports from India. The minister is in the US on a four-day visit. The world's largest electric car producer Tesla Inc's chief Elon Musk met Prime Minister Narendra Modi in June in New York and after the meeting Musk had said that he planned to visit India in 2024.

yen was stuck near a three-decade low against the dollar on Tuesday, struggling to find a floor as the Bank of Japan's (BOJ) ultra-easy monetary policy settings remained at odds with the prospect of higher-for-longer rates elsewhere. The Japanese currency similarly slumped to a 15-year low of 162.38 per euro in early Asia trade and slid to a roughly three-month trough of 186.25 per British pound. Against the dollar, the yen last stood at 151.72, languishing near a one-year low of 151.92 hit on Monday.

1962 Ferrari 250 GTO sports car sold for $51.7 million in New York on Monday, making it the second most expensive car ever sold at auction, Sotheby's said. The bright red roadster had been the property of an American collector for the past 38 years, and its auction price was surpassed only by that of a Mercedes 300 SLR Uhlenhaut Coupe that went for 135 million euros in 2022, the auction house said. That would be $144 million at today's exchange rate. The 250 GTO went on sale Monday evening after a few minutes of bidding in the auction room, but at a price lower than the more than $60 million expected by RM Sotheby's, the luxury car subsidiary of the auction house. Sotheby's did not identify the winning bidder. Dating from 1962, this legendary Scuderia sports car — chassis 3765, four-liter engine developing 390 horsepower — had finished second in a 1,000 km endurance race on the German Nurburgring circuit, as well as in the legendary 24 Hours of Le Mans, where the team had to withdraw due to engine failure, according to RM Sotheby's. After several years of competition on the Italian mainland and in Sicily, the car was sold and exported to the US in the late 1960s. Restored and modified, the 250 GTO changed American owners several times before ending up in the hands of an Ohio «dedicated collector» in 1985, who sold it on Monday. «This stunning GTO offers its next caretaker further touring and vintage racing enjoyment, or display at major concours d'elegance and marque gatherings worldwide,» Sotheby's said. The Mercedes 300 SLR Uhlenhaut Coupe that fetched 135 million euros in 2022 was one of only two examples of the sport car.

Britney Spears’ memoir, According to Page Six. Several sources have revealed that besides Brad Pitt and Reese Witherspoon, Margot Robbie and Shonda Rhimes too have shown interest in bringing “The Woman in Me” Spears’ memoir either on film or TV series. Meanwhile, representatives for Spears, Pitt, Witherspoon, Robbie and Rhimes refused to give any comments on Page Six’s requests. An insider informed that the project is not happening soon as it is still in a very early stage and more and more people are showing interest. According to the Ankler, who first broke the news said that the 41 year Britney Spears had «at the last minute» rescheduled a recent meeting with a top producer, whose name is yet to be known because she “didn’t feel up to it". Sources said that Spears was “overwhelmed by the response” and the “media frenzy surrounding it,” at the time of the release of her book on October 24. These have led her team to “hold off on making any major decisions about where the rights end up until she has time to catch her breath.” Meanwhile, the Ankler reported that Spears is also in talk for a documentary that could come up with a $40 million paycheck. In her memoirs, the pop star has spoken about the various aspects of her life from fame to relationship, marriages, secret abortion with ex Justin Timberlake and much more. Spears just did one interview to promote her book and despite that the book “The Woman in Me” continued to top the bestseller list of the New York Times with 1.1 million copies already sold in the US alone in the first week. She did not give any interview by stating that reliving her traumatic past during the writing of her book was “heart-wrenching and emotional.”

New York Jets NFL star Aaron Rodgers to the field still seems to be hanging in balance after he suffered a torn Achilles two months ago. For all those die-hard fans of the quarterback Aaron who have been waiting eagerly to watch their hero on the field again, may feel disappointed that he may not be able to play until the 2024 season. It may be mentioned that a torn Achilles injury in the first game had already forced Rodgers out for the rest of the season.