New York Financial News

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On August 21, 2023, the Securities and Exchange Commission (SEC)  announced   that it has levied charges against «Titan Global Capital Management USA LLC», a New York-based FinTech investment adviser. The charges stem from Titan's use of «hypothetical performance metrics» in advertisements that the SEC deemed misleading.

Exactly 10 years ago, I joined 136 people from 43 countries at a naturalization ceremony in a courtroom in downtown New York to proclaim our allegiance to the country that had embraced us as its own. Overcome by the emotional charge of the occasion, we struggled to keep our voices steady — and our eyes dry. Even Janet Napolitano, administering her final oath as secretary of homeland security, teared up as she welcomed us as “my fellow citizens.” I was flanked by a young woman from Ukraine and a middle-aged man from Peru; she worked on Wall Street, and he was a cab driver. As we told each other of the journeys that had brought us to that magical moment, her English was heavily accented; his was liberally interspersed with Spanish. At one point, we talked about what had been the final hurdle on the path: The citizenship tests. She’d found the civics quiz quite stressful; he, like me, thought it had been easy-peasy. We didn’t talk about the other test — the one that judged our English skills. More than likely, the US Citizenship and Immigration Services officers who had interviewed us skipped over that part of the process in order to move things along. In my case, the examining officer had said something along the lines of, “You’ve made it this far. There’s no need to waste our time on this.” The Biden administration, which is proposing to make the English test harder, apparently does not understand what my USCIS examiner had come to recognize, from some combination of intuition and experience: If you want to be an American and have lived in this country long enough to qualify, then a language test is entirely redundant.

A studded headboard for your dorm bed

A dispute between Disney and Charter Communications has left nearly 15 million Spectrum TV cable television subscribers without some of their favorite networks

For small businesses that rely on summer tourism to keep afloat, extreme weather is replacing the pandemic as the determining factor in how well a summer will go

The strategy is benchmarked against the MSCI All-Country World index and focuses on the 'key enablers' and beneficiaries of climate innovation.

Investing.com — The U.S. dollar edged lower in early European trade Monday, in thin holiday-affected volumes as traders continued to digest last week’s mixed U.S. jobs report and the possible impact on thinking at the Federal Reserve ahead of this month’s policy-setting meeting. 

Labor Day has arrived, marking the winding down of summer and the reopening of schools across the United States. Beyond being a day for barbeques and get-togethers, the first Monday in September is a time to honor the American labor movement and the invaluable contributions of workers to the nation's economy. As many Americans prepare for holiday travels or last-minute summer barbeques, it's essential to know which businesses and institutions will be open and closed on Monday, September 4.

A United States federal court has allowed a nearly three-year-long class-action lawsuit against the creators of HelbizCoin to go ahead,.

Tyro Payments has launched a Supreme Court legal action against Kounta alleging the Canadian-owned company has been attempting to steal Tyro’s payment terminal clients in the hospitality sector.

Spaceweather.com. Two coronal mass ejections (CME) are expected to hit the Earth, said the report. “One CME is definitely heading for Earth, and there might be two.

Investing.com — After Friday’s jobs report cemented expectations that the Federal Reserve will keep interest rates on hold later this month, the economic calendar will be lighter in the coming holiday-shortened week. Stocks go into September after notching up strong weekly gains last week, while data out of China will likely add to concerns over the outlook for the world’s number two economy. The Reserve Bank of Australia will likely stand pat for a third straight meeting and supply worries look set to underpin oil prices.

Fortescue Metal’s new mining chief executive, Dino Otranto, will meet with the company’s local investors this week after a volatile period during which his predecessor left after just six months in the top job and with brokers warning shareholders were in the dark about the board’s risk appetite.

Ripple Labs has objected to the Securities and Exchange Commission's (SEC) request to appeal a federal judge's ruling that the XRP token is not a security when sold to the public. 

About a year and a half after Mayor Eric Adams chided workers — «You can't stay home in your pajamas all day!» — New York's offices in late August were under 41% of their pre-pandemic occupancy. Just 9% of the city's office workers were going in five days a week at the start of the year, according to the Partnership for New York City. Remote-work levels crisscrossing the country are more mixed, with just under one-third of America's workdays now done from home. But in New York, the broad feeling across offices is one that locals know well: It's like sitting on the subway waiting to get somewhere and then feeling the car lurch to a stop.

Cryptocurrency exchange Gemini has filed a reply brief in response to a lawsuit initiated by the United States Securities and Exchange Commission (SEC). The lawsuit, which is being heard in the U.S. District Court for the Southern District of New York, alleges that Gemini's service, Gemini Earn, violated securities regulations by offering «unregistered securities.»

I cover education technology at The New York Times. And I've been thinking a lot about how artificial intelligence tools like ChatGPT, which can manufacture school essays and other texts, might reshape the college application process. I was particularly interested to learn whether admissions officials were rejiggering their essay questions — or even reconsidering personal essays altogether. Amid a deluge of high school transcripts and teacher recommendations, admissions officers often use students' writing samples to identify applicants with unique voices, experiences, ideas and potential. How might that change now that many students are using AI chatbots to brainstorm topics, generate rough drafts and hone their essays? To find out, I contacted admissions officials at more than a dozen large state universities, Ivy League schools and small private colleges, including Juan Espinoza, the director of undergraduate admissions at Virginia Tech.

A recent substantial purchase of Ripple’s XRP (XRP) token has been detected by the crypto tracking platform Whale Alert.

Trade, investment, people-to-people links as well as regional and international security are among the issues up for discussion in next Thursday's talks, Foreign Minster Penny Wong's office said. The high-level dialogue had been held annually from 2014 until it was stopped in 2020. In a statement, Wong added that the talks represent 'another step towards increasing bilateral engagement and stabilising our relationship with China,' Former trade minister Craig Emerson will head the Australian delegation, which also includes their former foreign affairs minister Julie Bishop.

Federal Trade Commission won an administrative ruling against TurboTax tax software maker Intuit after the commission said the company misled consumers with deceptive advertisements pitching «free» tax filing products that millions of consumers were unable to use, the company said on Friday. Intuit said it will appeal the decision, saying it is «confident that when the matter ultimately returns to a neutral body Intuit will prevail, as it has previously in this matter». In April 2022, a US judge refused an FTC request to block Intuit from running ads for «free» tax filing products.