New York Financial News

Investing.com — The oil rally is beginning to feel heavy.

By Carolina Mandl

NEW YORK (Reuters) — Greenlight Capital made investments in alternative asset manager Onex Corp and clean energy company NET Power during the second quarter but also added portfolio protection through index hedges, the hedge fund told investors on Monday.

Bitcoin (BTC) mining firm TeraWulf has seen a drastic increase in BTC rewards since increasing its mining capacity in the first half of 2023.

By Michael S. Derby

bitcoin trading fees for the stablecoin. That sparked huge demand for TrueUSD as investors rushed to buy the stablecoin to enable free bitcoin trading. The exchange now controls more than 90% of all TrueUSD tokens currently in circulation, according to data from Arkham Intelligence.

Shakespeare said the company, which floated in London in 2005 and is valued at more than £1bn, said the US market was more supportive and a “natural base” for YouGov.

FTX co-founder Sam Bankman-Fried is in custody after a federal judge said that the embattled crypto mogul likely tried to tamper with two witnesses while on bail. 

By Michael Erman

Shoppers are looking beyond just the price tag of a skirt or a pair of pants in the wake of still stubbornly high inflation

(Reuters) -As the world's central banks near the end of what has felt like a relentless string of interest rate rises, investors are taking a close look at how consumers and businesses are dealing with some of the tightest credit conditions in over a decade.

Former FTX CEO Sam Bankman-Fried is going into his third night with over 1,500 other inmates in one of New York's most notorious prisons — a far cry from his parent's multi-million dollar five-bedroom home in Stanford.

In the bankruptcy case of Three Arrows Capital (3AC), a crypto hedge fund that ceased operations, a judge has rejected a request to hold co-founder Kyle Davies in contempt of Court and impose sanctions.

Lionel Richie and Earth Wind & Fire canceled their Madison Square Garden show on Saturday. The show was sold-out and was supposed to start at 7:30 PM ET. However, it was postponed an hour after it was supposed to begin. Lionel Richie blamed the cancellation on bad weather. He said he couldn't fly into New York because of the poor weather conditions. Around 20,000 people were waiting for the show to start. Many of them had come from out of town and had already spent money on travel and hotel expenses. Lionel Richie tweeted about the situation at 8:31 p.m. He said, «Due to severe weather and being unable to land in the NY and surrounding areas, I’m unable to make it to the show tonight.» He also announced that the show would be rescheduled for Monday, August 14. He expressed his disappointment and said he was looking forward to performing for everyone. He also mentioned that tickets for the canceled show would still be valid for the rescheduled show on Monday. Earth Wind and Fire were also part of the show. They are now set to perform at the Hartford HealthCare Amphitheater in Bridgeport, Connecticut, on Monday. It's not clear if they will be able to make it to the rescheduled show in New York.

Tom Jones, who is the writer of the book and lyrics for the musical "The Fantasticks," died on Friday at his residence in Sharon, Connecticut. His age was 95. According to Jones' son Michael, the cause of the death was cancer, as reported by The New York Times.

ASX-listed accounting group Kelly Partners has hit the ground running on its mooted strategic review, drafting in Jefferies Australia to consider capital structure and ownership options to solve its valuation blues.

The new local country head of a major New York-headquartered professional services firm best known for restructuring bankrupt investment bank Lehman Brothers says the timing is “perfect” for it to bring its business to Australia and compete with its larger rivals.

The Metropolitan Museum of Art (The Met) in New York has partnered with the popular gaming platform, Roblox, in order to offer a virtual experience for its younger audience. 

National Dominican Day Parade, a prominent showcase of Latino pride, will illuminate the streets of Midtown Manhattan on Sixth Avenue. This annual event promises to immerse the city in the captivating colors and rhythms of the Dominican Republic. In an unprecedented turn of events, this year marks a historic occasion as the President of the Dominican Republic graces the parade as the Grand Marshal. This notable presence adds a special touch to the 41-year legacy of the celebration.’

By Lewis Krauskopf

By Echo Wang and Anirban Sen