New York Financial News

03.02 / 01:05

markets UPS FIVE ETF Trade electronic What to know about the wild swings in gold and silver

Subscribe to enjoy similar stories. The record-breaking rally in metals prices that has captivated investors from Wall Street to Main Street hit the wall on Friday, when silver and gold prices suffered their largest daily losses in more than four decades. Silver futures, which surged past a 45-year-old record high in October and more than doubled from there, crashed 31% on Friday.

29.01 / 09:17

markets UPS ETF economy Trade reports Gold demand to remain strong as investors reassess risk, WGC says

Subscribe to enjoy similar stories. Global demand for gold is expected to remain strong this year, driven by lower interest rates, uncertainty in bond markets and persistent geopolitical risks, the World Gold Council said after bullion crossed the $5,000 mark for the first time. “Gold’s appeal as an all-weather hedge relative to fixed income should continue to attract material investor demand into 2026, and possibly beyond," the trade group said Thursday in its quarterly report.

28.01 / 14:53

Citi Gap economy Election pandemic Interviews Mamdani presses for tax hike on New York’s wealthiest as budget deficit looms

Subscribe to enjoy similar stories. Mayor Zohran Mamdani says New York City is facing an unexpected $10 billion projected budget deficit in the coming year and plans to push state lawmakers to increase taxes on high-income New Yorkers and corporations to close the hole. “We must raise taxes on the wealthiest few in New York City so that we can invest in the many," the newly elected Democratic socialist mayor of the country’s largest city said in an interview Tuesday.

28.01 / 10:35

UPS TikTok Food President Universities show politician One weird trick to solve the affordability crisis

Subscribe to enjoy similar stories. Americans have a knack for turning the price of food into national theatre. In 1916 housewives boycotted “egg speculators" for daring to charge 36.5 cents a dozen.

27.01 / 11:11

markets UPS CEO Remark Trade President country Rahul Jacob: Great power rivalry between the US and China is putting the developing world at risk

Subscribe to enjoy similar stories. More than three decades ago, the legendary Warren Buffett returned a call to a fact-checker, explaining what he meant when he used the term “elephant-bumping affairs." Buffett was gently deriding talkathons such as the World Economic Forum (WEF) and CEO summits hosted by business magazines. I was then working for Fortune magazine in New York and was the fact-checker Buffett called.

25.01 / 10:27

markets UPS Booking economy Research pandemic Andy Mukherjee: India’s property development market faces hard times as sales peak and funds run thin

Subscribe to enjoy similar stories. With markets from Tokyo to New York on edge this week, the warning sign flashing around a large Mumbai builder didn’t get much attention. But Indian investors were keeping a close eye.

24.01 / 06:37

Aware SEC security Justice show Courts US bribery case: Adani makes first legal submission, asks court to defer ruling

Subscribe to enjoy similar stories. MUMBAI , BENGALURU : Adani Group chairperson Gautam Adani's counsel on 23 January made their first submission in a US court 14 months after the Securities and Exchange Commission (SEC) filed a bribery and securities fraud case against the Indian billionaire and his nephew.

21.01 / 09:39

COST Citi FIVE Metro country Traffic Why many Asian megacities are miserable places

Subscribe to enjoy similar stories. FOR SEVEN decades Tokyo was considered the world’s most populous city. That was 15 years too long, according to data released last month by the UN.

19.01 / 01:37

markets UPS Career Duke students Universities Schools Even MBAs from top business schools are struggling to get hired

Subscribe to enjoy similar stories. Just how difficult is it to get a foothold in today’s professional job market? It’s taking many of America’s most credentialed business-school graduates months to land and accept offers. With companies scrutinizing every white-collar hire, the job market for M.B.A.s has sputtered for more than a year.

16.01 / 08:05

markets COST UPS CEO Software Trade Commentary The Infosys rally masks a deeper question: Can India’s outsourcing giants survive the age of AI?

Subscribe to enjoy similar stories. The pall of gloom around India’s outsourcing industry, a $200 billion-plus exporting powerhouse, was lifted overnight by Infosys. After the company raised its full-year sales forecast, investors took optimistic commentary from management as a sign that large client orders are coming back.

14.01 / 01:33

markets UPS BLOCK Election President Justice Investigations Wall Street is suddenly on the defensive with the President

Subscribe to enjoy similar stories. Wall Street thought it had an ally in Donald Trump. He’s becoming more of an adversary.

13.01 / 01:39

Election President Justice PAM 2020 Department Investigations Trump has complained about Pam Bondi repeatedly to aides

Subscribe to enjoy similar stories. President Trump has complained to aides repeatedly in recent weeks about Attorney General Pam Bondi, describing her as weak and an ineffective enforcer of his agenda, administration officials and other people familiar with his complaints said. The criticisms appear to be part of an intense campaign by Trump to pressure the Justice Department to more aggressively pursue his priorities, some of the officials said.

12.01 / 12:43

markets Trade President performer Investigations Gold breaks through $4,600 on Fed concerns, haven boost

Subscribe to enjoy similar stories. Gold prices climbed to a record high, breaking above $4,600 a troy ounce as a criminal probe into Federal Reserve Chair Jerome Powell revived concerns over the central bank’s independence, while protests in Iran boosted demand for safe-haven assets. In midmorning European trading Monday, futures in New York rose 2.2% to $4,600.50 an ounce after touching an intraday high of $4,612.70.

11.01 / 10:01

UPS JPMorgan Election President show social reports Bank stocks brace for impact after Trump calls for 10% cap on credit-card interest rates

Subscribe to enjoy similar stories. President Donald Trump on Friday called for credit-card companies to cap the interest rates they charge customers, as the president leans harder into addressing consumers’ affordability concerns. “Effective January 20, 2026, I, as President of the United States, am calling for a one year cap on Credit Card Interest Rates of 10%," he said in a Truth Social post.

09.01 / 09:17

COST security President International Why America shouldn’t intervene in Iran like it did in Venezuela

Subscribe to enjoy similar stories. You know Iran’s leaders are worried about the implications of last weekend’s US raid in Venezuela when the editor of the hardline Javan newspaper feels he has to write a polemic, headlined Iran Is Not Comparable—Don’t Waste Your Time, saying there aren’t any.

07.01 / 09:51

markets security Strategy Election Latin shock Updates Caracas shock: The failure of South American leaders paved the way for US intervention in Venezuela

Removing Venezuela’s dictator introduced ‘Trump’s Corollary’ in Latin America with an exclamation point. The White House’s updated take on the Monroe Doctrine had its baptism of fire on Saturday, when US forces captured Nicolás Maduro at his Caracas stronghold, decapitating the Chavista regime responsible for bankrupting one of the world’s richest oil nations. Less than a month after Washington unveiled a new National Security Strategy pledging to restore American pre-eminence in the Western Hemisphere—by force if necessary—Maduro and his wife were on their way to New York to face “narco-terrorism” charges.

06.01 / 09:01

markets Hollywood BAY film Experts rights International Hollywood biggies partner with Bollywood to improve distribution and reach

Homebound, while Michael Bay is set to collaborate with Vinod Bhanushali’s Bhanushali Studios. Industry experts say these tie-ups are designed to expand the global reach of Indian films, especially those with potential on the festival and awards circuit.

22.12 / 13:33

Hollywood UPS FIVE Netflix film pandemic Warner Bros exclusive Cinema owners see a new hurdle to recovery: the Warner deal

Subscribe to enjoy similar stories. PORT CHESTER, N.Y.—“Avatar: Fire and Ash," a visual spectacle and the third installment in this blockbuster franchise, is the sort of movie made for the big screen. Its holiday arrival was eagerly anticipated by cinema owners still working to lure people back after the pandemic.

22.12 / 02:13

markets Action security Bill Trade Updates Investigations India’s proposed securities market code holds promise but Sebi should be strengthened further

Last week, finance minister Nirmala Sitharaman introduced the Securities Markets Code Bill of 2025 in Parliament, aimed at building a new legislative scaffolding for India’s securities markets.The Bill, which has been sent to the parliamentary panel on finance for comments and inputs, proposes to merge and replace three laws: the Securities and Contracts (Regulation) Act of 1956 and those related to the market regulator, Securities and Exchange Board of India (Sebi), and depositories. This was necessary to address multiple overlaps among those legacy acts of legislation.

19.12 / 01:53

markets UPS Art Death President Courts How LA’s richest man went from billions to bust

Subscribe to enjoy similar stories. In the late 1990s, Gary Winnick donated millions of dollars to the Los Angeles Zoo and rubbed elbows with President Bill Clinton. He would soon buy the most expensive home in the country.

17.12 / 07:13

UPS Digital Booking Election Universities social Courts Big Tech's capture of state authority seems easy in a world where it’s hard to escape the clutches of technology

Denmark has cancelled Christmas—or Christmas cards at any rate. From the end of this month, the nation’s postal service will no longer carry letters.

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