New York Financial News

In a motion filed on Oct. 10, Sam “SBF” Bankman-Fried’s lawyers requested that the court allow for the introduction of evidence supporting positive investment outcomes, such as an investment in the artificial intelligence (AI) startup Anthropic. 

It’s taken them a while, but perhaps Democratic leaders are beginning to understand that Trump deplorables aren’t the only voters who care about illegal immigration. It wasn’t long ago that President Biden was dismissing the massive surge of unlawful border crossings as a seasonal phenomenon, and New York Mayor Eric Adams was grinning ear-to-ear for the television cameras while welcoming migrants in person as they arrived at the Port Authority Bus Terminal in Manhattan. But that was then.

Digital assets should not be seen as “somehow special,” nor should action against Coinbase be seen as “novel or extraordinary,” argues an association of North American securities regulators.

(Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) Exxon last year earned a record $56 billion profit, two years after losses ballooned to $22 billion during the COVID-19 pandemic. The deal will leave four of the largest US oil companies in control of much of the Permian Basin shale field and its extensive oilfield infrastructure Antitrust experts told Reuters last week that Exxon and Pioneer stood a good chance of completing their deal, even though they would face heavy scrutiny.

Key Takeaways

New York Stock Exchange under the “BIRK" ticker symbol. Goldman Sachs, JPMorgan Chase and Morgan Stanley are the lead underwriters for the IPO. According to a report in Bloomberg, at the IPO price, Birkenstock has a market value of $8.64 billion based on its filings with the US Securities and Exchange Commission.

By Anirban Sen and Echo Wang

NBC New York that the incident occurred around 1:30 p.m. local time.

Day six of the trial of Sam Bankman-Fried saw the conclusion of former FTX chief technology officer Gary Wang’s testimony and the beginning of former Alameda Research CEO Caroline Ellison’s. Wang testified about his plea deal, among other things.

The trial of FTX founder Sam Bankman-Fried has taken a star turn as his former fellow top executive and ex-girlfriend Caroline Ellison began testifying against him

Movie theaters are readying for an onslaught like they’ve never seen before beginning Friday when “Taylor Swift: The Eras Tour” debuts

Prince Harry and his wife Meghan Markle are hosting a conference in New York City on how the internet and social media affect youth mental health

By Luc Cohen

Slatestone Wealth chief market strategist Kenny Polcari says Americans are reconsidering what the CPI report means on 'Making Money.'

Authenticity is one character trait that is driving women toward success, especially in the wealth management industry. So why is it important?

The Federal Trade Commission’s long-awaited antitrust lawsuit against Amazon is the most aggressive move it has taken yet to tame the market power of a company that’s become synonymous with online shopping and fast deliveries

By Caroline Valetkevitch

Treasuries rallied on Tuesday, pushing two-year yields to their lowest in a month, due to a combination of demand for safe-haven assets amid ongoing violence in the Middle East and dovish Federal Reserve remarks that suggested the central bank may be done raising interest rates. Cash Treasury markets had been closed for a holiday on Monday, so Tuesday morning was traders' first chance to react to Palestinian militants' attack on Israel over the weekend as well as Fed officials' overnight comments. Benchmark 10-year yields were on track for their largest daily drop since July, while those on the two-year were on pace for the biggest daily decline since late August. «We had dovish statements yesterday by Fed officials and then you have flight to safety here from the tragic events in Israel. So people are being a little bit of cautious here,» said Stan Shipley, managing director and macro research analyst at Evercore ISI in New York. «We probably have seen the peak in rates here as seasonal factors are favorable for lower rates in November and December.

Street vendors abound in downtown Manhattan’s Financial District. But weeks ago, on Sept. 14, an especially unconventional seller set up shop in front of the United States Securities and Exchange Commission (SEC), transforming a patch of Maiden Lane into a colorful quilt of doormats, each spray painted with the straightforward instruction to “pull.” 

By Luc Cohen and Jody Godoy

Cardano’s founder Charles Hoskinson has compared the embattled co-founder of FTX to infamous ponzi scheme boss, Bernie Madoff.