New York Financial News

The New York Times andSiena College paints a challenging picture for President Joe Biden. The polls reveal that in five out of six crucial battleground states, the president is trailing his likely Republican opponent, former President Donald Trump. This downward trend in public opinion can be attributed to widespread dissatisfaction with Biden's economic policies, concerns about his age, and doubts about his ability to govern.

Donald Trump is expected to take the stand on Monday to testify in the civil fraud trial, a case that could well decide the fate of his business empire in New York, CNN reported. The trial brought by New York Attorney General Letitia James, is seeking USD 250 million in damages and barring the former president from doing business in the state. James alleges that Trump and his co-defendants committed repeated fraud in inflating assets on financial statements to get better terms on commercial real estate loans and insurance policies, as per CNN. While there are no criminal charges involved, the allegations have enraged the former president, who has attended the trial for multiple days and called it a «political witch hunt». Before the trial began last month, Judge Arthur Engoron already ruled that Trump and his co-defendants, including his adult sons, were liable for «persistent and repeated» fraud. Now the judge is considering how much the Trumps will have to pay in damages for the profits they've allegedly garnered through fraudulent business practices. The attorney general's office is also looking to prove six other claims: falsifying business records, conspiracy to falsify business records, issuing false financial statements, conspiracy to falsify false financial statements, insurance fraud, and conspiracy to commit insurance fraud., CNN reported. On the other hand, Trump has relentlessly attacked James for bringing the case against him.

William J Burns, arrived in Israel on Sunday to hold discussions with leaders and intelligence officials, the first stop in a multi-country trip in the region, New York Times reported citing US officials. The visit comes as the US is trying to prod Israel to pursue a more targeted approach to attacking Hamas, allow pauses in the fighting for aid to enter Gaza and do more to avoid civilian casualties, according to NYT. Washington is also looking to expand its intelligence sharing with Tel Aviv, providing information that could be useful about hostage locations or any follow-on attacks by Hamas. A US official briefed on Burns' trip said that he planned to reinforce the American commitment to intelligence cooperation with partners in the region. Burns will travel to several Middle Eastern countries for discussions about the situation in Gaza, ongoing hostage negotiations and the importance of deterring the war with Hamas from widening to a broader context, NYT reported citing the US official. US officials have been visiting Israel at a regular cadence since war broke out after Hamas fighters attacked Israeli towns on October 7 and killed more than 1,400 people. Israel has retaliated with a massive counteroffensive including air campaign and ground invasion into Gaza, where Hamas is in control. More than 9,000 Palestinians have been killed in airstrikes since Israel began retaliating, according to Gaza's health ministry.

By Greg Roumeliotis

By Jarrett Renshaw

HONG KONG—Leading Western brands in China are feeling the pinch from the country’s consumer slump. From luxury cosmetics firm Estée Lauder to apparel maker Canada Goose and iPhone seller Apple, companies are reporting weak results, with some saying customers aren’t reopening their wallets almost a year after Covid-related isolation ended. Estée Lauder shares sank 17% Wednesday, hitting the lowest levels in years, after the firm behind brands such as M.A.C and Clinique, cut its fiscal year outlook—in part because of a slower recovery of sales for high-end beauty products in mainland China.

New York Times. Barack Obama condemned the October 7 Hamas attack on Israel when dozens of militants breached the border and killed over 1,400 Israelis, taking more than 240 hostages.

The chief executive-in-waiting of one the world’s biggest lithium players says the valuations awarded to early-stage projects in Western Australia are far too high.

Boutique bank PJT Partners is well known for paying its people bucketloads of cash, and that reputation probably doesn’t hurt when it comes to hiring managing directors (MDs) from some of its much bigger rivals.

Citi might be in the midst of a substantial re-shuffle, involving both job cuts and senior leadership “optimization”, but that doesn’t mean some of its managing directors aren't leaving of their own accords and joiningJane Street, in the promised land of electronic trading. 

Bankman-Fried, hoping the embattled sector can finally turn the page on a multibillion dollar scandal. The «verdict should hopefully mark the end of a dark era in our industry,» said Yat Siu, president of Animoca Brands, a video game publisher and investor in projects linked to blockchain, the underlying technology of cryptocurrencies.

statement. Nelson hailed Mattingly's contribution to the Apollo mission and said, "NASA astronaut TK Mattingly was key to the success of our Apollo Program, and his shining personality will ensure he is remembered throughout history." The NASA didn't mention where or how Mattingly died. However, The New York Times reported that Mattingly died in Arlington, Virginia.

All signs point to a relatively solid holiday season for America’s small businesses

White House race faces a firehose of tech-enabled disinformation in what is widely billed as America's first AI election. Campaigners on both sides of the US political aisle are harnessing advanced tools powered by artificial intelligence, which many tech experts view as a double-edged sword.

Elon Musk has taken another swipe at Mark Zuckerberg's Instagram. The tech billionaire has responded in agreement to a post by user cb_doge on X (formerly Twitter) comparing Instagram to OnlyFans. OnlyFans is an online subscription-based service in the UK, primarily used by sex workers who produce pornography.

Rapper Kendrick Lamar will headline Move Afrika: A Global Citizen Experience, a new initiative to establish an international touring circuit on the continent of Africa launching with a concert in Kigali, Rwanda on Dec. 6

The Supreme Court has agreed to hear an appeal from the National Rifle Association over comments from a former New York state official who urged banks and insurance companies to discontinue their association with gun promoting groups after the deadly s...

Wall Street steamrolled even higher to add more gains to its best week in nearly a year

By Andrew Chung

The White Lotus" were eagerly awaiting the release of its third season, but they now face disappointment. The popular show, known for its ever-changing cast and settings, won't be returning until 2025. HBO's CEO Casey Bloys confirmed this during a press conference in New York on November 2, ruling out any chance of a 2024 release. This delay isn't exclusive to «The White Lotus.» HBO also pushed back the release of «Euphoria» season 3 and the Pennywise prequel series «Welcome to Derry» to 2025. However, viewers can still look forward to «House of the Dragon» season 2 in the summer of 2024, along with other exciting releases like «The Sex Lives of College Girls» season 3, «Curb Your Enthusiasm» season 12, «Hacks» season 3, and «Industry» season 3 in 2024.

NEW YORK (Reuters) -The judge overseeing the New York civil fraud case against former U.S. President Donald Trump on Friday issued a gag order barring all lawyers from making public statements about the judge's communications with his staff.