New York Financial News

A former contractor for the Internal Revenue Service charged with leaking tax information to news outlets about former President Donald Trump and thousands of the country’s wealthiest people pleaded guilty Thursday in an agreement with prosecutors

Investing.com -- U.S. stock futures were mixed heading into the final trading day of the week, with investors preparing for the release of quarterly results from large Wall Street banks and parsing through recent inflation data. Elevated interest rates are expected to factor heavily into returns from lenders JPMorgan (NYSE:JPM), Wells Fargo (NYSE:WFC) and Citigroup (NYSE:C) on Friday, as a fresh corporate earnings season gets underway. Elsewhere, the U.K.'s competition regulator approves Microsoft's (NASDAQ:MSFT) restructured acquisition of Activision Blizzard (NASDAQ:ATVI), clearing the way for the closure of the largest deal in the history of the gaming industry.

JPMorgan Chase & Co. posted another quarter of record net interest income and boosted its forecast for the year as the company benefits from higher interest rates and its purchase of First Republic Bank. 

Bloomberg reported. In the notifications, the company informed that the job reductions will begin around mid-December. The San Diego-based company is required to make the filings under California rules.

Taylor Swift and Beyonce raking it in with tours that are giving local economies a boost. Big-spending Swifties Swiftmania is at an all-time high, and it is leaping from the stadium to the cinema, where a film on Swift's Eras tour out Friday in over 100 countries worldwide has already clocked up more than $100 million in ticket pre-sales. The tour itself, which finishes in December 2024, is poised to become the first tour to make $1 billion.

Voyager Digital Ltd on Thursday, saying the executive and the crypto lender misled customers about the safety of their assets while taking «excessive risks» that led to the firm's demise. The U.S. Commodity Futures Trading Commission (CFTC) accused Stephen Ehrlich, who helped launch Voyager in 2018, of committing fraud from February to July 2022. Ehrlich and Voyager promised customers a safe haven for digital assets stored on their platform — at times valued at more than $2 billion — while «recklessly» loaning to high-risk counterparties, including four firms that are also now bankrupt, the CFTC said in a lawsuit filed in federal court in New York. Voyager was one of several crypto firms to collapse in 2022, along with Celsius Network and BlockFi, after crypto prices plummeted amid interest rates and worsening macroeconomic conditions. In a statement, Ehrlich said he was «outraged and deeply dismayed» by the allegations.

(Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) Days after its debut in New York, the Cyberspace Administration of China (CAC) had launched an investigation into Didi, citing a need to protect national security and the public interest. The company was fined $1.2 billion in July 2022 over data-security breaches and was banned by Chinese regulators from taking on new users and its app not available from mid-2021 until January 2023, the report said.

Shareholders in Australia’s biggest gold miner, Newcrest, have overwhelmingly voted in favour of a $26.2 billion merger with US gold mining giant Newmont.

Earlier this month, Swiss investment bank UBS launched a “tokenised” investment fund under a pilot project being run by the Monetary Authority of Singapore.

Tens of millions of older Americans will see a modest increase in benefits in January when a new cost-of-living adjustment is added to Social Security payments

Federal regulators fined credit-reporting agency TransUnion a total of $23 million for tenant screening and security freeze failures on Thursday

The Danish wind energy company Orsted has put up a $100 million guarantee that it will build New Jersey’s first offshore wind farm

Sam Bankman-Fried’s defense lawyer has struggled through a meandering cross-examination of the FTX founder’s former girlfriend Thursday, keeping both the judge and the public guessing as to his strategy in countering the testimony of the government’s k...

U.S. stocks are slipping as the clamps tighten on Wall Street from rising yields in the bond market

An investigation into academic research leads to the resignation of Stanford University's president

New York is dramatically expanding a legal marijuana market plagued by a sluggish rollout of retail stores

Most of the population in conflict-affected countries like Niger, Mali, Burkina Faso, Chad and northern Nigeria depends on climate-vulnerable agriculture

The Nevada Supreme Court plans to soon hear the NFL’s appeal of a crucial ruling denying a request to move former Las Vegas Raiders coach Jon Gruden’s lawsuit against the league into closed-door arbitration

The amount of tax money owed but not paid to the IRS is set to keep growing

Investing.com — Gold bulls have been reminded again that it’s hard to put the dollar down for too long.

(Reuters) — New York regulators on Thursday denied requests by developers of offshore wind projects and dozens of land-based renewable projects seeking billions of dollars in additional funding for existing contracts to sell power.