New York Financial News

15.09 / 20:27

Law regulation crimes FTX Fried Sam Sam Bankman-Fried says, ‘I did what I thought was right,' in leaked docs: Report

Former FTX CEO Sam Bankman-Fried, facing multiple criminal charges related to alleged misuse of user funds, reportedly denied many of the allegations against him in documents containing a draft of a thread on X (formerly Twitter) that he never posted.

15.09 / 20:01

Provident Digital Action ByteDance TikTok performer track tracking TikTok employees frustrated with return-to-office tracking tools

TikTok employees in the United States expressed frustration and dismay this week after the company introduced a tool for tracking office attendance and threatened disciplinary action for failing to comply with new in-person mandates, in an unusual effort to get workers back into the office with custom data-collection technology. Employees at TikTok, which is owned by Chinese company ByteDance, received notices this week about the new tool, an app called MyRTO. The app, which is built into the company's internal software, monitors badge swipes and asks employees to explain «deviations» — absences on days they are meant to be in the office — according to emails and screenshots shared with The New York Times.

15.09 / 18:59

UPS Web3 Investment Investment Firm Reverie Sets Up $20 Million Crypto Venture Fund for Web3 Startups

The New York-based crypto-focused investment firm Reverie has launched Reverie Fund One, a $20 million venture capital fund that will invest in Web3 startups.

15.09 / 17:43

UPS Manufacturing CEO Entertainment Nucor electronic fall Nucor, Planet Fitness fall; Newmont, Frequency Electronics rise, Friday, 9/15/2023

Stocks that are trading heavily or have substantial price changes on Friday: Nucor, Planet Fitness fall; Newmont, Frequency Electronics rise

15.09 / 17:43

Citi Target Metro Mercedes-Benz stage country National Training US Soccer Federation plans national training center and new headquarters in Atlanta

The United States Soccer Federation is planning to build a national training center in Atlanta with financial support from Arthur Blank

15.09 / 17:43

Citi FIVE Man star English soccer club Everton to be bought by American investment firm 777 Partners

Premier League team Everton will be bought by American private investment firm 777 Partners

15.09 / 17:43

Microsoft NASDAQ DOW track Weekly Stock market today: Wall Street slips, but is still on track for weekly gains

Stocks are slipping in afternoon trading on Wall Street but not enough to erase the market's gains for the week

15.09 / 17:41

UPS MET Art awards Oscar performer Time Time for a spectacular gala without awards?

awards, Padmas and pastries a wee bit too seriously — have a gala night with all the pomp, panache and pageantry, minus the prize distribution that's losing its pizzazz. In other words, have an evening of full-blown glamour with A-listers in the performative and celebratory arts gather in all their spectacular spectacle under one vaunted roof over cocktails and a baingan bruschetta-kickstarted dinner.

15.09 / 17:35

Schwab says TD integration depressed client inflows

Charles Schwab Corp. said it has been temporarily affected by attrition from clients as it integrates TD Ameritrade, leading to a decline in net new money for the company last month.

15.09 / 17:03

Law Mining regulation Celsius settlement Celsius and Core Scientific propose $14M settlement for litigation

Crypto mining firm Core Scientific has announced an agreement with lending company Celsius Network to settle a legal battle that had been ongoing for months.

15.09 / 16:49

UPS Reuters Action CME show Weekly Dollar lower after data but set for ninth straight weekly gain

The University of Michigan's preliminary reading of its Consumer Sentiment Index dropped to 67.7 this month from a final reading of 69.5 in August and below the forecast of 69.1 among economists polled by Reuters. However, consumers saw inflation lower on both a one-year and five-year basis. Earlier data from the Labor Department showed import prices increased 0.5% last month as fuel prices jumped, but underlying price pressures stayed subdued while a separate report from the New York Fed showed factory activity picked up in the state in September. «None of the data currently points to a recession.

15.09 / 15:31

IPO NASDAQ SoftBank NVIDIA show SoftBank's chip designer Arm extends gains after $65 bln Nasdaq debut

SoftBank's Arm Holdings rose in volatile early trading on Friday, extending gains from a stellar Nasdaq debut that valued the British chip designer at $65 billion and lifted hopes of an end to the drought in U.S. listings. The stock gave back most of its premarket gains after closing 25% above its offer price of $51 on Thursday.

15.09 / 14:11

IPO NASDAQ SoftBank NVIDIA show SoftBank's chip designer Arm extends gains after $65 billion Nasdaq debut

By Manya Saini

15.09 / 12:55

MET Art SUN MAT Goldman’s Pitch to Rich Clients: Hey, Buy a Piece of This Sports Team!

Goldman Sachs is preparing to offer wealthy clients more access to a unique investment: the chance to own a piece of a private sports team. The bank is creating a “sports franchise" unit within its investment banking division that will combine sports M&A with sports financing. A top goal is to work with asset and wealth management to pitch wealthy clients on investing in teams, stadiums and other flashy deals.

15.09 / 12:55

Man Citizens VISA Microsoft CEO Debunking the notion: Why engineering studies in India are far from dead

Here’s a quick question: What is common to former German chancellor Angela Merkel, British comedian Rowan ‘Mr Bean’ Atkinson, former president of India APJ Abdul Kalam, Microsoft CEO Satya Nadella, supermodel Cindy Crawford, first man on the moon Neil Armstrong, India’s richest businessman Mukesh Ambani, Delhi's chief minister Arvind Kejriwal, Bollywood heartthrob Vicky Kaushal, and Bloomberg founder and CEO and three-time New York Mayor Michael Bloomberg? The answer: They are all engineers. This eclectic list serves as a counter-narrative, challenging the notion that engineering no longer opens doors to opportunity, particularly in India.

15.09 / 10:39

Citi Digital Southern Fulton exclusive Atlanta News Outlet Aims for Half a Million Digital Subscribers in Under Four Years

The new leader of the Atlanta Journal-Constitution wants to increase the publication’s digital subscribers more than eightfold by the end of 2026, an ambitious goal he aims to reach through expanded local-news coverage and new products. “In the last 5-10 years, we’ve just focused on Atlanta," said Andrew Morse, a former CNN digital executive who took over as the Atlanta Journal-Constitution’s new president and publisher in January.

15.09 / 09:55

Provident Digital SEC Gemini DCG services Genesis Terminates Crypto Spot and Derivatives Trading Services – What’s Going On?

Digital Currency Group’s Genesis that went bankrupt in January this year, continues to get hit by the bear crypto market. The digital assets lender is winding down its cryptocurrency spot and derivative trading business completely.

15.09 / 09:15

Aviat Airlines Boeing Mid-air scare: United Airlines flight to Rome reverses course, descends 28,000 feet in 10 mins

United Airlines flight en route from Newark to Rome experienced a sudden descent of 28,000 feet in just 10 minutes due to a cabin pressure issue. The Boeing 777 plane, Flight 510, was carrying 270 passengers and 14 crew members when the incident occurred.

15.09 / 09:15

UPS Citi Extreme track country end Climate protesters around the world are calling for an end to fossils fuels as the Earth heats up

climate activists around the world are set to march, chant and protest Friday to call for an end to the burning of planet-warming fossil fuels as the globe suffers dramatic weather extremes and record-breaking heat. The strike — driven by several mostly youth-led, local and global climate groups and organizations, including Greta Thunberg's Fridays for Future movement — will take place in dozens of countries and in hundreds of cities worldwide and continue through the weekend. A week before the planned protest, the United Nations warned that countries are way off track to curb warming to 1.5 degrees Celsius (2.7 degrees Fahrenheit) since pre-industrial times, as agreed in Paris in 2015.

15.09 / 08:23

COST UPS IPO DOW pop Stock market today: Dow rallied after Arm IPO popped; eyes turn to Fed meeting

Investing.com — U.S. stocks rallied on Thursday after stronger than expected retail sales pointed to a resilient economy even as inflation data came in hotter than expected.

15.09 / 08:23

UPS IPO Apple SoftBank NVIDIA open Arm shares open at $56.10 a share, topping IPO price

Investing.com -- Shares in Arm opened at $56.10 in New York, about 10% above the chip designer's initial public offering of $51.

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