New York Financial News

Fast-fashion giant Shein is expected to announce Friday new leadership overseeing its global growth initiatives as the company seeks to diversify its supply chain beyond China. Marcelo Claure, a former SoftBank Group executive, will serve as group vice chairman, a New York-based role that involves expanding manufacturing beyond China to be closer to Shein consumers, he said. “We’re not saying that we’re replacing China," Claure said.

By Karen Brettell

basic Model 3 is now $38,990, which is $1,250 less than before. The long-range version of the Model 3 is also discounted by $1,250, making it $45,990, as per the wire agency. Tesla has made price cuts on some of its car models in the United States.

(Reuters) — Still punchy after a bond market rout and forex market gyrations, financial markets are bracing for U.S. inflation numbers and the start of earnings season.

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By Saqib Iqbal Ahmed

X has stripped headlines from news articles shared by users, in a move likely to further worsen relations with media groups. The tycoon has long railed against the "legacy media" and claims X, formerly Twitter, is a better source of information.

President Donald Trump disclosed confidential information about US nuclear submarines to the businessman. The initial report by ABC News revealed that Trump had conversations about potentially sensitive information with Pratt, who is a member of his Mar-a-Lago Club, shortly after his presidency ended.

Investing.com — Crude prices edged higher on Friday amid deep weekly losses left by one of the oil market’s worst tumbles for the year.

Sam Bankman-Fried was “very resistant” to having investors join the board of directors at FTX, claims Matthew Huang, the co-founder and managing partner of crypto investment firm Paradigm.

Embattled founder and CEO of defunct exchange FTX Sam Bankman-Fried (SBF) is on the cusp of suffering another series of major losses. 

Daylight saving time 2023 will come to an end on Nov. 5, so consider this a sign and set an alert so you don’t forget to adjust your clock back one hour when the time comes.Canadians in most time zones can “fall back” on Saturday, Nov.

US President Joe Biden has said that he does not believe that border walls work. The Federal Register put a notice on Wednesday announcing that construction of the wall will be paid for using already appropriated funds earmarked specifically for physical border barriers.

Netflix will debut an interactive 'Squid Game: The Trials' experience in Los Angeles. It will feature live competitive games, a «Night Market» offering Korean cuisine, beverages, a Squid Game store, and photo opportunities. Chef Katianna Hong from the restaurant YANGBAN will curate the food and drinks. The experience will open on December 6 at the Television City complex, with ticket sales starting on October 11. Tickets will be available from $39, and the experience will run from Wednesdays to Sundays. Netflix aims to build fan engagement through immersive experiences, and it has previously launched similar events based on popular shows like Bridgerton, Stranger Things, and Money Heist in cities, such as New York and Los Angeles. Additionally, earlier this year, Netflix introduced the Netflix Bites pop-up restaurant in L.A., featuring cuisine from its featured chefs. At the 'Squid Game: The Trials' experience, participants will encounter the «Front Man,» the series' masked antagonist, and undertake six progressively challenging tasks, earning points as they progress. The ultimate victor will need nerves of steel, strategic thinking, and a bit of luck. In an announcement by Josh Simon, Netflix's VP of consumer products, the company emphasized its commitment to live immersive experiences as part of its strategy to cultivate dedicated followings for its flagship franchises. Netflix has also extended its physical presence with a store at The Grove, where it sells merchandise inspired by its content.

Adam Yedidia, Sam Bankman-Fried’s college roommate and an early employee of FTX, continued his testimony on Oct. 5, the second day of former FTX CEO Bankman-Fried’s trial in New York. Yedidia was testifying for the prosecution with immunity.

Investing.com — The Saudi braggadocio that they can keep surprising the oil market with higher and higher production cuts may have actually done them in.

Gary Wang, the co-founder and former chief technology officer of cryptocurrency exchange FTX, was the latest witness to testify in the criminal trial of former CEO Sam “SBF” Bankman-Fried.

Chicago Bears, Washington Commanders, Jacksonville Jaguars, Buffalo Bills, Cincinnati Bengals and others. The NFL matches will be live telecast on Prime Video, FOX, CBS, NBC, and ESPN in the US.

On the third day of the criminal trial for Sam “SBF” Bankman-Fried, the former CEO’s roommate at MIT and FTX developer Adam Yedidia testified about the $8-billion deficit the crypto exchange reported prior to its bankruptcy.

On Oct. 2, the price of Bitcoin (BTC) saw a 5.5% intraday increase to $28,600, but the largest cryptocurrency by market capitalization lost momentum as the highly anticipated launch of Ether (ETH) futures exchange-traded funds (ETFs) failed to generate significant trading volumes. 

By Marcelo Teixeira