New York Financial News

Albemarle chief executive Kent Masters considers the battery chemical giant’s $5.5 billion bid for aspiring lithium producer Liontown Resources a live offer, despite no meaningful discussions between the two parties for the past five months.

The United States District Court of Southern New York has dismissed a class-action suit against Uniswap Labs, its CEO, foundation and venture capital backers brought by plaintiffs who claimed they lost money due to scam tokens on the decentralized cryptocurrency exchange. Judge Katherine Polk Failla, who handed down the dismissal, is also hearing the Securities and Exchange Commission’s case against Coinbase.

CNN is bringing in a former chief executive of the BBC and The New York Times in an attempt to turn around a news organization that has burned through two leaders and bled viewers over the past two years. fired in June, and a four-person team that had been running CNN in the interim. Thompson, who left the Times in 2020 after eight years as that company's president and CEO, is credited with transforming it to a digital-first organization more dependent on paid subscribers than the collapsing advertising market that has doomed many newspapers.

A federal appeals court has upheld disgraced lawyer Michael Avenatti’s conviction for plotting to extort up to $25 million from shoe giant Nike – one of several legal messes that have landed him behind bars

Stocks that are trading heavily or have substantial price changes on Wednesday: Vera Bradley, Conn’s rise; HP, Ambarella fall

The editor of such best-selling novels as Liane Moriarty’s “Big Little Lies” and Kathryn Stockett’s “The Help” is joining Penguin Random House

The United States Copyright Office issued an official request for comments and notice of inquiry on copyright and artificial intelligence (AI) in the Federal Register on Aug. 30. 

anime adaptation of ‘One Piece'. Hoping it to be the turning point of its business of live-action series, the company has been promoting it relentlessly for months. It is an adaptation of the classic manga and anime. This manga has been popular since the late 1990s. In fact, ‘One Piece’ is a fabled treasure, the Straw Hat Pirates are exploring the dangerous oceans and lands in search of this invaluable thing.

Grayscale Investments is a big boost for the cryptocurrency industry's decade-long effort to launch an exchange-traded fund that tracks bitcoin, even if it does not immediately open the floodgates for such products. A three-judge panel of the District of Columbia Court of Appeals in Washington on Tuesday ruled that the Securities and Exchange Commission was wrong to reject Grayscale's proposed bitcoin ETF without explaining its reasoning, in a case that has been closely watched by the industry. The ruling requires the SEC to review Grayscale's application, meaning there is no certainty it will reach a different conclusion and greenlight the product. And the regulatory agency, which on Tuesday said it was studying the ruling, could appeal.

The foreign minister of Quad group -- which includes India, Australia, Japan and the United States – are likely to meet on the sidelines of the United Nations General Assembly (UNGA) in New York in September. The meeting of the foreign ministers is being held to expand the cooperation in the Indo-Pacific region, people familiar with the development said on Wednesday. The meeting has however not been confirmed yet.

Strength in energy and technology stocks helped Canada’s main stock index climb in late-morning trading, while U.S. stock markets also rose.

By Jonathan Stempel

NASA. And as it is a rare event, it can be referred to as a ‘blue moon’. A blue moon has nothing to do with the colour of the moon.

reality reported BBC on Wednesday. The class action lawsuit accuses the fast food giant of “misleading customers by showing the burger with a meatier patty and ingredients that overflow over the bun," the report said.

Hollywood crew members are turning to nonprofits like the Entertainment Community Fund for assistance as they have also lost work during the writer and actors strikes

CNN is bringing in former New York Times and BBC leader Mark Thompson in an attempt to turn around its fortunes

Stablecoin issuer Tether has established a banking relationship with Britannia Bank & Trust, a privately-held bank located in the Bahamas, to facilitate dollar transfers, according to unnamed sources cited by Bloomberg.

Warner Bros Discovery named Mark Thompson as CEO of CNN on Wednesday, tasking the former New York Times and BBC chief with reviving a news network beset by sagging ratings and falling profits.Thompson succeeds Chris Licht, who stepped down in June after a rocky one year at the helm that included a divisive town hall with former Republican U.S. President Donald Trump and the shutdown of CNN+ streaming service just weeks after its launch. With Thompson, 66, Warner Bros Discovery is turning to an executive with ample experience at the top level, unlike Licht — a former TV producer who had worked on «The Late Show With Stephen Colbert.» During his 8-year tenure as the CEO of the Times, Thompson helped transform the Gray Lady into a beacon for newspapers in the internet age by focusing on digital subscriptions. The Times' share price grew nearly five-fold in the period, widely outperforming the benchmark S&P 500 index. «Mark is a true innovator who has transformed for the digital age two of the world's most respected news organizations,» Warner Bros Discovery CEO David Zaslav said in a statement. A big focus area for Thompson is likely to be the recently announced round-the-clock news service called CNN Max, which will be available on Warner Bros Discovery's streaming platform. CNN Max is looking to capitalize on the immediacy of breaking news and analysis, differentiating it from CNN+, which featured lifestyle programs. The news network's ratings have been sagging, even as the company attempts to attract more Republican viewers. Its profit fell under $1 billion in 2022 and is expected to be modestly higher this year than last, at $938.6 million, according to data from S&P Global Market Intelligence.

The Biden administration is proposing a new rule that would make 3.6 million more U.S. workers eligible for overtime pay, reviving an Obama-era policy effort that was ultimately scuttled in court

The cryptocurrency fund manager Grayscale has won a major court battle against the Securities and Exchange Commission, paving the way for the first bitcoin exchange-traded fund

Asian shares are trading higher, boosted by a Wall Street rally that came on positive reports on consumer confidence and job openings