New York Financial News

NEW YORK (Reuters) -The violence in Israel that erupted this weekend is prompting a move into safe-haven assets as investors closely watch events in the Middle East to gauge the geopolitical risk to markets.

Hamas on Saturday represented an equally stunning intelligence failure by Israel that involved undetected warnings, overwhelmed missile defenses and a slow response by apparently unprepared military forces, former and current U.S. officials said. American officials said Hamas had achieved a complete tactical surprise, reflected in a death toll of at least 700 Israelis.

By Julio-Cesar Chavez and Rich McKay READING, Pennsylvania, - A leather-skinned mummified man lying in an open coffin in Reading, Pennsylvania, known only as «Stoneman Willie» to the public got two things Saturday he went without for 128 years — a burial and his real name. Dressed in a period tuxedo, his generations-long public afterlife as the stuff of city lore and ghost stories ended when he was introduced to the world as James Murphy of New York at a funeral in Reading. A group of funeral home employees and well-wishers, said in unison, «Rest in peace, James,» as they unveiled his tombstone, with his real name in small letters below large type reading, «Stoneman Willie.» His send-off included a colorful procession with a motorcycle hearse carrying his casket. Murphy was of Irish descent, an alcoholic, and was in Reading at a firefighters' convention when he died in the local jailhouse of kidney failure on Nov. 19, 1895, said Kyle Blankenbiller, the director of the Theo C.

Marsh McLennan breached its own rules by failing to warn a client of Greensill Capital that it was “patently obvious” there were serious problems at an insurance agency linked to IAG, courts have been told.

We’ve all been chewing over Rupert Murdoch’s retirement announcement two weeks ago, watching on as business figures laud the 92-year-old for stepping back while at the top – or at least near the top. Even fellow media mogul Kerry Stokes gave us quotes saying Rupert was “one of Australia’s great business success stories”.

Tropical Storm Philippe has been downgraded to a post-tropical cyclone as it lashes Bermuda with heavy rains and wind

Sam Bankman-Fried authorized the illegal use of FTX customers’ funds and assets to plug financial gaps at an affiliated hedge fund from the exchange’s earliest days, FTX’s co-founder Gary Wang told a New York jury on Friday, as prosecutors pressed thei...

FTX's co-founder has begun to tell a New York jury that he and Sam Bankman-Fried committed financial crimes and lied to the public before the cryptocurrency trading platform collapsed last year

The data breach that MGM Resorts is calling a cyberattack is expected to cost the casino giant more than $100 million

Wall Street rallied in a whipsaw Friday and erased its morning losses after looking deeper into the nuances of a surprisingly strong report on the U.S. job market

BBC director of nations, Rhodri Talfan Davies, said GenAI provides opportunities to deliver «more value to our audiences and society». «We believe Gen AI could provide a significant opportunity for the BBC to deepen and amplify our mission, enabling us to deliver more value to our audiences and to society,» he added.

Trump gave key details on the US Navy’s elite submarine fleet — including the number of nuclear warheads they can carry and how close they can get to Russian vessels without being detected — to Australian billionaire Anthony Pratt, who passed the information on to dozens of friends and contacts, according to ABC News and The New York Times. The alleged disclosure is only the latest in a string of cases that raise grave questions about Trump’s willingness to keep the nation’s secrets — an issue that’s only going to remain front and center given his commanding lead in the polls to secure the Republican nomination to challenge President Joe Biden again next year.

By Jack Queen

A viral video that captured a woman’s xenophobic rant against a group of German tourists has resulted in her getting fired from her job.

Investing.com — Things are beginning to look up for the natural gas bull, after months and months of haplessness.

Gary Wang, FTX’s co-founder and former chief technology officer, again appeared in court on the fourth day of the criminal trial of former CEO Sam “SBF” Bankman-Fried to speak on the connections between the crypto exchange and Alameda Research.

By Lewis Krauskopf

If you’re thinking about a college loan for next fall, it’s time to start looking at your options. Factors for students and their families to consider include who is taking the loan—parent, student, or both—the type of loan, amount and interest rate, which could be considerably higher than in recent years. Repayment plans are another consideration, including a new repayment option for federal student loans announced earlier this year by President Biden.

Investing.com — Gold prices were trending higher on Friday despite data pointing to another massive US jobs growth in September and the potential for the Federal Reserve to hike rates again before the year-end, in what would be a boon to Treasury yields and the dollar and a curse to the yellow metal.

By Jody Godoy and Luc Cohen

The fallout from the banking crisis earlier this year continues as the Basel Committee on Banking Supervision considers requiring banks to disclose their crypto asset holdings. The committee, which operates under the aegis of the Bank for International Settlements, identified holding crypto as one of the factors that led to the demise of several banks in March.