New York Financial News

(Reuters) -Private jet company Wheels Up Experience is in talks with lenders about a debt restructuring while exploring other options to avoid bankruptcy, the Wall Street Journal reported on Friday.

(Reuters) — Wynn Resorts (NASDAQ:WYNN) is winding down its online sports betting and iGaming platform, WynnBET, in certain U.S. states due to a lack of clear rules and higher customer acquisition costs, the casino operator said on Friday.

A judge in the bankruptcy case of defunct crypto hedge fund Three Arrows Capital (3AC) has denied a motion that would have held co-founder Kyle Davies in contempt of court and imposed sanctions.

Former FTX CEO Sam Bankman-Fried had his bail revoked and was sent to jail Friday ahead of his October criminal trial for alleged witness tampering.

Judge Lewis Kaplan has granted a request by federal prosecutors to revoke Bankman-Fried's bail and he will be remanded to custody ahead of his trial, which is slated to begin on 2 October.The judge concluded that there was probable cause to believe that Bankman-Fried has tried to “tamper with witnesses at least twice” since his arrest in December in connection with the collapse of FTX, the cryptocurrency exchange he founded.Prosecutors asked the judge to revoke bail after Bankman-Fried shared private diary entries of his ex-girlfriend, Caroline Ellison, to the New York Times. Ellison, the former chief executive of Bankman-Fried's crypto hedge fund Alameda Research, pleaded guilty to federal charges in December and is cooperating with the prosecution and is expected to testify against her former boyfriend.

cryptocurrency exchange tampered with witnesses at least twice. USA District Judge Lewis Kaplan announced the decision at a hearing in federal court in Manhattan, less than two months before the scheduled October fraud trial. He rejected a defense request to delay Bankman-Fried's detention pending appeal of the bail revocation. The decision could complicate Bankman-Fried's efforts to prepare for trial, where the 31-year-old former billionaire faces charges of having stolen billions of dollars in FTX customer funds to plug losses at his Alameda Research hedge fund. Bankman-Fried has pleaded not guilty.

By Nate Raymond

Investing.com — Helped by forecasts for record world oil demand this month, coming no less from the closely-followed International Energy Agency, crude prices finished with a seventh straight week of gains — the longest winning streak since June 2022.

A federal judge has reportedly revoked former FTX CEO Sam Bankman-Fried’s bail following the release of information to New York Times reporters in an alleged attempt to intimidate witnesses.

Canada’s main stock market index crawled upward Friday morning, buoyed by energy and telecom stocks and restrained by tech and metals, while U.S. markets were mixed.

(Reuters) — The labels “dove” and “hawk” have long been used by central bank watchers to describe the monetary policy leanings of policymakers, with a dove more focused on risks to the labor market and a hawk more focused on the threat of inflation.

By Luc Cohen

Greta Gerwig’s “Barbie" is a feminist romp peppered with suggestive jokes, existential themes and choreographed dance numbers. Rated PG-13, the film has amused and confused some of its younger viewers. Quinn Berry, a 10-year-old New Yorker, saw “Barbie" with her parents and a friend.

Spanish soccer club FC Barcelona has secured a 120 million euro ($132 million) investment from Libero Football Finance AG and Nipa Capital B.V. for its Web3 initiative, Barça Vision.

NEW YORK (Reuters) — Trucking firm Yellow Corp will extend negotiations on a bankruptcy loan until next week, seeking to explore at least two alternative loan proposals that would provide the company with $142.5 million in new cash, the company's attorney said in court on Friday.

Tata CLiQ Palette recognises that every individual's beauty journey is unique; hence, with its state-of-the-art AI-enabled Beauty ID technology, it personalises every customer’s experience on the app to match their unique beauty needs. The brand went on to add another milestone by launching its first innovative omni-channel beauty retail experience at Nexus Seawood Mall in Navi Mumbai.The sale marks the onset of a week of unparalleled shopping excitement.

Crypto functions much like traditional fiat money, offering an easy way to pay for goods and services and compensate workers for their labor. What’s even more promising is that crypto offers a number of benefits over fiat, with its decentralized nature eliminating the need for centralized intermediaries. Depending on the blockchain, transactions can be processed much more quickly than traditional payments are. 

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Stocks that traded heavily or had substantial price changes Thursday: AppLovin, Wynn Resorts rise; Tapestry, Plug Power fall

It’s time to check your candle supply again

The new CEO of the company formerly known as Twitter says she’s spent much of the past eight weeks trying to get big brands back to advertising on the social media platform that’s been in upheaval since it was bought last year by Elon Musk