New York Financial News

A New York company plans to build an offshore wind energy project 42 miles off New Jersey

Embattled crypto lender Celsius Network has told a judge it plans to start paying back its customers by year’s end, amid an Oct. 2 hearing seeking approval for its reorganization plan.

With former FTX boss Sam Bankman Fried's (SBF)’s first day in court fast approaching, experts say his paths to acquittal are looking quite scant. 

Reuters reported. Testimony in the Manhattan courtroom began following opening statements, with Donald Bender, a partner at Mazars USA and longtime accountant for Trump's businesses, as the state's first witness. Speaking to media persons, Trump said that the case was a “scam", a “sham", and a “political vendetta" by James, and during a lunch break called the Democrat "a corrupt person, a terrible person.

Donald Trump attacked New York's attorney general and the judge overseeing his civil fraud trial as it began on Monday, with a state lawyer accusing the former president of generating more than $100 million by lying about his real estate empire. Attorney General Letitia James is seeking at least $250 million in fines, a permanent ban against Trump and his sons Donald Jr and Eric from running businesses in New York and a five-year commercial real estate ban against Trump and the Trump Organization. Testimony in the Manhattan courtroom began following opening statements, with Donald Bender, a partner at Mazars USA and longtime accountant for Trump's businesses, as the state's first witness. Trump told reporters before the trial began that the case was a «scam,» a «sham» and a political vendetta by James, and during a lunch break called the Democrat «a corrupt person, a terrible person. Driving people out of New York.» He was equally unsparing of the judge, Arthur Engoron, calling him a partisan Democrat who is using the case to interfere with the 2024 presidential election, where Trump holds a big lead for the Republican nomination. «This is a judge that should be disbarred,» Trump told reporters.

Trump has claimed that the civil fraud trial in New York, which began on Monday, is a political attack against him and has taken him «off the campaign trail», CNN reported. He expressed his frustration about not being able to campaign in Iowa, New Hampshire, South Carolina, and other places due to his courtroom presence. «This was for politics. It has been very successful for them — they took me off the campaign trail,» Trump said as he exited the courtroom after the court was wrapped for the day, CNN reported.

Mariah Carey unveiled her "Merry Christmas One and All" tour, set to spread holiday cheer across North America, starting on November 15. The 13-date tour will begin at California's Yaamava Casino in Highland on November 15, and include stops in Chicago, Boston, Toronto, Detroit, and more, concluding at New York City's Madison Square Garden on December 17, just a week before Christmas. Mariah Carey shared the news on social media, saying, «Announcing the MERRY CHRISTMAS ONE AND ALL Tour!» Tickets for "Merry Christmas One and All" tour will be available through presales starting on October 4 at 10 a.m. local time, followed by a general sale on October 6 at 10 a.m. local time.

All models of Onewheel self-balancing electric skateboards are under recall after at least four deaths and multiple injuries were reported in recent years, federal regulators say

A New York company plans to build an offshore wind energy project 42 miles off New Jersey

A series of unpublished tweets belonging to FTX founder Sam Bankman-Fried have revealed insights into his mental health and prescribed medication. 

UAE Government has published a detailed discussion paper that calls for a decisive and coordinated international response to the urgent threat of global water scarcity. Entitled 'Ripple Effect Water Scarcity — The Hidden Threat to Global Security and Prosperity', the discussion paper examines global water scarcity and its main causes, highlights various implications of water scarcity already evident in parts of the world, and identifies a range of potential solutions to this rapidly worsening issue. Published by the UAE's Ministry of Foreign Affairs on the sidelines of the General Debate of the United Nations General Assembly in New York, the discussion paper is intended to serve as a global call to action and an open invitation to members of the international community to work together in new ways to address the emerging challenge of global water scarcity. Announcing the publication of the report, Sheikh Abdullah bin Zayed Al Nahyan, UAE Minister of Foreign Affairs, said: «Concerned by the growing problem of water scarcity and the severe risks that it poses to the world, the United Arab Emirates has published a discussion paper today that aims to contribute to the development of a coordinated international response to this issue and the forging of new models for effective cooperation to address this multifaceted threat to global security and prosperity.» The discussion paper stresses that according to certain metrics, four billion people around the world currently experience water scarcity at least one month per year, with this figure expected to grow in the years ahead.

US Federal Reserve will likely need to keep interest rates higher for longer in order to firmly bring down inflation, a senior Fed official said Monday. The Fed has raised its key lending rate 11 times since March 2022, lifting rates to a 22-year high as it looks to bring inflation down to its long-term target of two percent. Higher rates lower inflation by raising the cost of borrowing, which can cause financial pain for consumers with mortgages and outstanding loans. Despite falling sharply over the last 12 months, inflation remains stubbornly above target, leading most Fed officials to predict last month that another hike is needed this year. «The most important question at this point is not whether an additional rate increase is needed this year or not, but rather how long we will need to hold rates at a sufficiently restrictive level to achieve our goals,» Fed Vice Chair for Supervision Michael Barr told a conference in New York in prepared remarks. «I expect it will take some time,» he continued, adding that his decision would be guided by «a range of incoming data.» Barr's comments echo the views of the majority of his colleagues, who recently lowered the number of rate cuts they expect in 2024, suggesting a longer period of high rates. In his remarks, Barr said recent data pointed to moderating inflation, but «resilience» in economic data. «I now see a higher probability than I did previously of the US economy achieving a return to price stability without the degree of job losses that have typically accompanied significant monetary policy tightening cycles,» he said. He added that «the historical record cautions that this outcome could be quite difficult to achieve.»

Snail girl era: Why I’m slowing down and choosing to be happy rather than busy'.

Tesla shipped 435,059 cars globally in the third quarter, as factory downtime led to its first delivery decline in more than a year.

Dubai International Airport has spiraled into a harrowing four-month ordeal, resulting from an altercation that led to an American student's placement on the UAE's no-fly list.

Following the approval of the first Ether (ETH) futures exchange-traded fund (ETF), Grayscale Investments is looking to convert its Grayscale Ethereum Trust to a spot Ether exchange-traded fund (ETF). 

₹33 to ₹166 – a square foot per month, which is the lowest among world's leading markets, as per a report released by real estate consultancy group Vestian. In contrast, the monthly average rent in New York, London, Miami, Seattle and Boston is $40-80 per sq ft, and in Hong Kong, Singapore and Shanghai, it is in the range of $3-8 per sq ft a month, according to the data compiled by Vestian. Among the seven Indian cities – New Delhi, Mumbai, Kolkata, Chennai, Pune, Hyderabad and Bengaluru – the highest average office rentals were observed in Mumbai, the country's financial hub, where it ranges from $1-2.

(Reuters) — Donald Trump said he will appear in a New York court on Monday at the beginning of a civil fraud trial in which the former president will face what he said was a «sham» accusation that he fraudulently inflated the value of properties and other assets.

US stock futures rose and Treasuries fell after a deal was reached on the weekend to avoid an American government shutdown. Traders are waiting to hear remarks from Federal Reserve Chief Jerome Powell later Monday.

Federal student loan borrowers will need to start making payments again this month after a three-year-plus pause due to the pandemic

Former President Donald Trump says he'll make a rare, voluntary trip to court in New York for the start of a civil trial in a lawsuit that's already resulted in a judge ruling he committed fraud in his business dealings