New York Financial News

Check out what's clicking on FoxBusiness.com

Flexible working isn’t turning out to be the boon for flexible-office providers that it might seem. WeWork co-founder Adam Neumann lamented this week that the company he used to run failed to take advantage of “a product that is more relevant today than ever before." Although he didn’t mention his own role in WeWork’s downfall, he has a point. Demand for flexibility is strong as companies try to strike a balance between the traditional office and letting employees work at home.

U.S. Representatives Zach Nunn and Abigail Spanberger have jointly introduced the Creating Legal Accountability for Rogue Innovators and Technology (CLARITY) Act. The legislation aims to prohibit federal government officials from conducting business with Chinese blockchain companies.

Investing.com — Take-Two (NASDAQ:TTWO) has reported lower than anticipated current-quarter net bookings, but the video game maker said it remained «well positioned» for the holiday season.  

A report issued by the Office of the Maine State Treasurer highlighted the U.S. state’s interest in officially managing the abandoned and recovered crypto assets.

The United States securities regulator chief has hinted he would be open to a rebooted crypto exchange FTX — as long as its new leadership stays within the bounds of the law.

New York | Cravath, Swaine & Moore, the elite US law firm that has customarily set the pay standard for its peers, has established a non-equity partner tier, in a further departure from the “lockstep” partner pay model.

Nextdoor is laying off 25% of its full-time staff as the neighborhood-focused social network company cuts costs with its losses widening

The bank discriminated against Armenian Americans, federal regulators say.

Genpact on Wednesday announced that Balkrishan (BK) Kalra would become the next chief executive officer of the company, effective February 9. The New York-headquartered company said that the current CEO NV (Tiger) Tyagarajan, who is also the president, would retire after over 12 years at the helm.

Investing.com — Saudi Arabia and other oil producers can talk all they want about the so-called “demand” for oil. But the market isn’t buying it, sending global crude benchmark below $80 a barrel — the first time since July.

LOS ANGELES (Reuters) — The SAG-AFTRA actors' union reached a tentative agreement with Hollywood studios to resolve the second of two strikes that rocked the entertainment industry as workers demanded higher pay in the streaming TV era, the union said on Wednesday.

The primary risk of icing is expected during Wednesday night and Thursday morning in upstate New York and certain parts of New England before temperatures rise above freezing in the afternoon on Thursday. For most areas spanning from upstate New York through New England, ice accumulation is forecasted to be less than 0.10 inches. Nonetheless, there is a possibility that some areas, particularly in the higher elevations of the Adirondacks in New York, the Green Mountains in Vermont, and the Berkshires in western Massachusetts, may experience more than 0.10 inches of ice. Snowfall is expected to range from 3 to 5 inches in the northern parts of New York state, extending into Vermont, New Hampshire, and Maine. In some instances, there may be locally higher accumulations of 5-8 inches on the highest peaks.

₹10,000 crore today) for the online tutoring company in the US, and removing Riju Raveendran, the brother of the edtech giant’s founder, from the SPV’s board. The ruling is significant because the case filed by Glas Trust Co., the trustee representing 37 lenders, against the Indian company in Delaware was the first court case that sparked two related courtroom battles in New York and Miami. “The plaintiffs in this action, Glas Trust Co.

Ivanka Trump began testifying on Wednesday in the the civil fraud trial that is publicly probing the Trump family business, making an appearance she tried to prevent. Ex-President Donald Trump's elder daughter, who has been in his inner circle in both business and politics, rounds out a major stretch in the trial. Her father gave caustic testimony on Monday, and her brothers Eric Trump and Donald Trump Jr.

Ivanka Trump’s appearance follows testimony by her two adult brothers and Trump, who leads the race for the 2024 Republican presidential nomination despite his maelstrom of legal troubles. Unlike her siblings and father, she is not a defendant in the case. As questioning got underway, Ivanka said she focused on redeveloping the Doral golf course in Florida and the Old Post Office property in Washington when she served as a top executive at the company from 2011 to 2017.

Maharashtra government on Wednesday decided to acquire the iconic Air India building at Nariman Point in Mumbai for Rs 1,601 crore. The decision was taken at a meeting of the state cabinet in Mumbai. The meeting, chaired by Chief Minister Eknath Shinde, also decided to waive off around Rs 250 crore unrealised income and interest on the property, an official said.

Stocks edged lower as investors awaited clues on the path of interest rates from a raft of central bank officials including Federal Reserve Chair Jerome Powell. 

So much of the world’s economic steam depends on interest rates, which in turn are tied to inflation, i.e., the rate at which producer and consumer prices are rising. 

Reserve Bank of India (RBI) deputy governor Michael Patra said. “Climate change can affect price stability through supply shocks such as food and energy shortages and through a decline in productive capacity. Demand shocks can arise due to the loss of wealth of firms and households on account of frequent natural disasters.

It took Southwest Airlines just two minutes to reply to my request for help on social media on Monday. Fake Southwest wasn’t far behind. I posted on X, the site formerly known as Twitter, to informally test what Southwest and other airlines say is a growing problem: impostor accounts trying to obtain travelers’ personal information or money.