New York Financial News

The eighth installment of the “Mission: Impossible” franchise has been postponed a year, signaling a new wave of release schedule juggling for Hollywood studios as the actors strike surpasses three months of work stoppage

Cruel joke for trick-or-treaters or coveted seasonal delight

The White House says the dozens of U.S. technology hubs President Joe Biden is announcing will help communities across the country become centers of innovation critical to its competitiveness

To appeal to a new generation of philanthropists, the Brooklyn Community Foundation is ditching the word “foundation” and establishing itself with a new name: Brooklyn Org

The yield on the 10-year Treasury has reached 5% for the first time since 2007

Qatar Airways Group chief executive Akbar Al Baker is stepping down after 27 years at the helm of the company

Gold bulls always feel the yellow metal doesn’t get due love or honor in a haven universe where the dollar has become a parallel. Bears in the game feel the lustrous bars stored in central bank vaults across the world are overrated. The truth is probably somewhere in between.

H-1B status. Under the current system, students in the STEM field of study (science, technology, engineering, and mathematics) are granted one year of OPT, while those in other fields receive the same. However, under a set of new proposals to modernise the H-1B system, the United States is planning to extend the OPT period for STEM students to a total of three years. International students studying in the United States on an F-1 or study visa and looking to switch to a non-immigrant work visa or H-1B have a lot to gain from the proposed H-1B modernisation rules, which were released on Friday night. The new rules offer more flexibility and benefits for these students. Cyrus D Mehta, an immigration attorney based in New York, told TOI that the proposed rule extends the cap-gap protection period. With the new proposal, this period is extended from September 30 to April 1 of the following year. In other words, students now have the opportunity to enjoy an additional six months of status and employment authorization. For international students who have completed their qualifications and are eligible for optional practical training (OPT), the proposed rules are even more beneficial.

By Jonathan Stempel

Investing.com — The “no free lunch” metaphor is becoming clearer for the long-oil community that had doubled down on the crisis in Gaza to send the market higher than probably warranted. 

The U.S. prosecution team has issued a formal request to the United States District Court, Southern District of New York, seeking to preclude the defense from introducing arguments or evidence concerning the current value of specific investments in the trial against Samuel Bankman-Fried, the erstwhile CEO of cryptocurrency exchange FTX. This request follows allegations that Bankman-Fried misappropriated FTX customer deposits for a substantial investment in the artificial intelligence startup Anthropic, an investment whose value might have significantly appreciated amid recent fundraising endeavors by Anthropic.

Tesla (NASDAQ:TSLA) confirmed in its quarterly SEC report that the electric automaker has received requests for documents from United States Department of Justice (DOJ) including subpoenas regarding certain matters associated with personal benefits, related parties, vehicle range and personnel decisions.

By Chris Prentice

Biden, Wartime Aid, Two-Year Treasury Yield

Travis Kelce, American singer-songwriter Taylor Swift once again attended a Kansas City Chiefs game on Sunday. She was spotted sitting next to Patrick Mahomes’ wife Brittany at Arrowhead Stadium. She was seen wearing a Chiefs sweatshirt and a friendship bracelet featuring Kelce’s jersey number '87' in between two hearts. Swift cheered the Chiefs as they beat the Los Angeles Chargers 31-17.

By Richa Naidu and David Randall

By David Shepardson

Industry super fund QSuper handed back the keys to a prime New York City midtown office tower after its investment went under water just 2½ years after valuing the asset at $US540 million ($855 million) on its books.

(Reuters) -Escalating tension in the Middle East and surging U.S. bond yields set financial markets up for more turbulence, exacerbated by high oil prices and China's property pain.

demography in the coming years. Ukraine gives no official toll of its war dead — the Ukrainian armed forces have reiterated that their war casualty numbers are a state secret – but various estimates say losses are huge. The figures remain classified. But US officials, quoted by the New York Times, recently put the number at 70,000 dead and as many as 120,000 injured.

In this space back in August, I wondered how much Taylor Swift mania the world could take.