New York Financial News

08.11 / 12:07

BLOCK Compilation Bill President Ivanka Trump is set to testify in the civil fraud trial that's probing into the family business

It's Ivanka Trump's turn to take the witness stand in the civil fraud trial that is publicly probing into former President Donald Trump's family business

08.11 / 11:39

Citi FIVE Aware SEC JPMorgan WSJ reports Morning Coffee: Goldman Sachs' new 30 year-old managing director, and others. Mysterious exit of Morgan Stanley MD in Hong Kong

Goldman Sachs promoted some new managing directors on Friday. In a reminder that Goldman Sachs isn't just an investment bank and trading business nowadays, fewer than half (47%) of the 608 lucky new MDs work in the banking and markets business. Another 25% are Goldman's new preferred places of asset and wealth management. The remainder are dotted across Goldman's remaining divisions.

08.11 / 08:07

IPO pandemic Experts Celebrity show country Department fall The fall of WeWork shows the deepening cracks in real estate

Since it was founded in 2010, WeWork has not once turned a profit. For years its cash-torching ways went unchallenged, thanks to the reality-distorting powers of its flamboyant founder, Adam Neumann, who succeeded in convincing investors, most notably SoftBank, that it was not an office-rental business but a zippy tech firm on a mission to “elevate the world’s consciousness". At the height of the silliness in early 2019, in the lead-up to an initial public offering (IPO), the company was valued at $47bn.

08.11 / 05:59

Citi BLOCK Reuters Fighting information reports peace Israel-Hamas war: 'We want to live…': Palestinian children in Gaza call out peace in a heartfelt video | Watch

Reuters. Over 10,300 Palestinians have died in Gaza after a month of nonstop shelling following the Hamas offensive, with two-thirds of them being women and children, according to the Health Ministry of the Hamas-run region. It is estimated that around 2,300 people are buried as a result of strikes that destroyed whole city blocks.

08.11 / 01:17

FIVE CEO show country rock WeWork, a firm once valued at close to US$50B, seeks bankruptcy protection

WeWork has filed for Chapter 11 bankruptcy protection, marking a stunning fall for the office sharing company once seen as a Wall Street darling that promised to upend the way people went to work around the world.

07.11 / 23:01

Provident Target Strategy Cerberus owns 10% of Frontier Communications, held talks to boost stock - filing

By Svea Herbst-Bayliss

07.11 / 20:41

Citi Booking Strategy economy country reports Uber heads for first annual profit, undeterred by pay laws

Uber chief executive Dara Khosrowshahi has declared pay laws will not hold the gig economy giant back. It can even cope with European markets where drivers are employees, Mr Khosrowshahi told investors on an earnings call overnight.

07.11 / 19:55

Platform economy ICE President show country Oil tumbles 4% to April lows on China woes

Investing.com — “No, not again!” — the Saudis must be thinking.

07.11 / 18:49

BLOCK economy pandemic show stars Newmont boss counters M&A talk around Telfer

Newmont boss Tom Palmer says Western Australia’s Telfer gold mine is “coming home” after wrapping up his Newcrest acquisition, challenging speculation that Telfer is headed for the auction block.

07.11 / 17:43

Provident FIVE Manufacturing Nov cover reports Slash Live news: BCE to slash spending by $1 billion after CRTC ruling

Canada’s main stock index was down 150 points in early-afternoon trading with losses led by the energy sector as the price of oil dropped below US$80 per barrel.

07.11 / 16:41

Progressive Nov Support CNH launches $1 billion buyback to support NYSE single listing plan

MILAN (Reuters) — Farm and construction equipment maker CNH Industrial (NYSE:CNHI) said on Tuesday it had approved a new share buyback program worth up to $1 billion as part of its plan to pursue single-listing in New York.

07.11 / 16:17

Citi Fox Discover stage cover reports Credit card debt hits a new record while delinquencies also rise

«Permanent Distortion» author Nomi Prins argues Fed policy is adversely affecting everyone on «Making Money.»

07.11 / 09:23

Provident Manufacturing ICE Tesla country reports Department How Tesla's India entry will disrupt desi tardy electric car market

Tesla will enter India next year. India's Prime Minister's Office has told relevant departments to fast-track Tesla's proposed investment in India by January 2024, ET has reported. Tesla's entry will put a stamp of maturity on India's car market, the third biggest in the world after China and the US.

07.11 / 07:37

Dogecoin cryptocurrency XRP litecoin BNB Ethereum Price Bitcoin Price Crypto Price Today: Bitcoin falls below $34,400 as Bankman-Fried found guilty of massive crypto fraud

Sam Bankman-Fried, the one-time cryptocurrency golden boy accused by US prosecutors of stealing billions of dollars of his customers' money, was found guilty on Thursday on all counts, and now faces up to 110 years behind bars. Following five weeks of trial in New York, the jury reached its decision in just five hours. Sentencing for man widely known as «SBF» will take place at a later date. Meanwhile, following the development, the global cryptocurrency market cap plunged by 1.8% to $1.28 trillion in the last 24 hours.

07.11 / 07:31

Citi Aware Career Gap love country travelers From defying market conventions to introducing cold brews in a country dominated by tea and instant coffee, here’s how Sleepy Owl concocted a charismatic entrepreneurial blend

In 2015, Ashwajeet quit his first job within three months to couchsurf with Arman, who was working in Mumbai at the time. The deal was that if the duo came up with a business idea, Arman would quit his job.

07.11 / 06:59

CEO pandemic Experts country rock fall WeWork seeks bankruptcy protection, a stunning fall for a firm once valued at close to $50 billion

07.11 / 06:17

Gemini Winklevoss Twins Gemini CTO and APAC CEO Pravjit Tiwana Reportedly Leaving Company After Nearly 2 Years

Pravjit Tiwana, the global Chief Technology Officer (CTO) and Asia head of Gemini Trust Co., is reportedly leaving the company.

07.11 / 02:23

BLOCK Reuters Digital Google Platform social testing generative AI Exclusive-Meta bars political advertisers from using generative AI ads tools

By Katie Paul

07.11 / 00:57

Fox pandemic show folk reports Credit card debt set to hit a fresh record

'Permanent Distortion' author Nomi Prins argues Fed policy is adversely affecting everyone on 'Making Money.'

06.11 / 22:23

Provident CEO President Biogen reports Wall St extends winning streak; eyes Fed speakers, Treasury auctions

By Chuck Mikolajczak

06.11 / 22:23

CBDC Adoption regulation FTX sentencing 2024 Jury finds SBF guilty on all charges, sentencing set for March 2024: Law Decoded

Former FTX CEO Sam “SBF” Bankman-Fried’s public trial in a New York court ended with the jury finding him guilty on all seven charges on Nov. 3, including two counts of wire fraud, two counts of wire fraud conspiracy, one count of securities fraud, one count of commodities fraud conspiracy and one count of money laundering conspiracy. He will return to court for sentencing by Judge Lewis Kaplan on March 28, 2024. Government prosecutors will recommend a sentence, but Kaplan will have the final say.

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