New York Financial News

02.08 / 16:31

economy stocks stock market Money TSX Toronto Stock Exchange tsx s&p fall S&P/TSX composite down more than 300 points in morning trading, U.S. stocks also fall

Canada’s main stock index fell in late-morning trading on Wednesday on broad-based losses as U.S. markets were also in decline.

02.08 / 15:32

MET FIVE Booking Action Fitch The United States just got downgraded. Should we care?

The unexpected downgrade of U.S. government debt sent shockwaves across the economic and political landscapes. In financial markets, the move was met with what amounts to a shrug.

02.08 / 15:31

UPS Ripple XRP SEC Action coinbase Terra Usd show surges Crypto surges and sinks as two New York judges diverge on whether it is a security

A sharp split between two federal judges in New York has boosted and then dragged down cryptocurrency values in recent weeks, as investors look for clarity on a crucial question: Is crypto a security?

02.08 / 13:47

UPS Citi Fighting Might fighting deglobalisation be post-Brexit Britain’s new purpose?

Edward Price is principal at Ergo, a global intelligence, consulting, and forecasting firm. A former British trade official, he also teaches at New York University’s Center for Global Affairs.

02.08 / 12:47

UPS FIVE Manufacturing Parke Tesla country Leases Tesla leases office in Pune’s Viman Nagar amid India foray talks

Tesla are meeting up with Indian government officials to discuss its foray into the country, the US-based electric vehicle manufacturer has picked up office space in Pune’s Viman Nagar locality. The company’s India arm, Tesla India Motor & Energy, has leased the office spread over 5,850 sq ft in a coworking center on the first floor of one of the towers in Panchshil Business Park. The lease will have a total term of five years starting from October 1 with a lock-in period of three years.

02.08 / 12:33

LinkedIn Discover show concert analyst Missing Goldman Sachs analyst found dead

A body found in Brooklyn’s Newtown Creek was identified as a Goldman Sachs Group Inc. analyst who went missing over the weekend, the New York Police Department said.

02.08 / 09:57

Twitter Art film Actor Celebrity star social 'Visionary artist, legendary designer.' Parineeti Chopra, Hema Malini remember 'soft-spoken & humble' Nitin Desai; Sanjay Dutt recalls monumental contribution to cinema

art director Nitin Desai has sent shockwaves in the tinsel town. Several Bollywood celebrities such as Sanjay Dutt, Riteish Deshmukh, Parineeti Chopra, Neil Nitin Mukesh, etc took to social media to pay tributes to the late art director. Taking to Twitter, Chopra wrote, “Heartbreaking to hear about Nitin sir.

02.08 / 08:17

COST UPS BLOCK Fighting PwC Deloitte expansion audit Audit firms fight to block expansion of fraud detection role

New York | The world’s largest accounting firms are fighting to block new rules in the US that would force them to take more responsibility for rooting out fraud at the companies they audit.

02.08 / 03:47

Fulton performer Trump What if Donald Trump is elected with criminal charges still looming?

Donald Trump won the presidency even as criminal charges against him still loomed, a series of extraordinary complications would ensue. The indictment Tuesday on federal charges stemming from his attempts to remain in power after his 2020 election loss added to the mounting legal peril Trump, the front-runner for the Republican Party, faces as he campaigns for a second term in the White House.

02.08 / 03:47

Booking CEO Pool love show star electronic Jail Lawyers Fried Sam FTX founder Sam Bankman-Fried's lawyers say attempt to jail him before trial is wrong

FTX founder Sam Bankman-Fried said Tuesday that prosecutors are wrong to seek his detention prior to trial because their arguments are built on «innuendo, speculation, and scant facts.» The written submission in Manhattan federal court was a response to the prosecution's claim last week that no bail conditions can stop the onetime cryptocurrency power broker from trying to improperly influence the potential jury pool for his October 2 trial. Bankman-Fried, 31, has been free on a $250 million personal recognizance bond since his December extradition from the Bahamas to face charges in New York that he defrauded investors in his businesses by diverting millions of dollars from their intended purpose.

02.08 / 03:31

business Law regulation FTX Court Bankruptcy Jail SBF denies witness tampering in effort to avoid jail

Lawyers for Sam Bankman-Fried have denied that he attempted to intimidate witnesses in his criminal trial by talking to New York Times reporters and argued there is no reason to jail him.

02.08 / 02:39

UPS Citi Action Remark Trump Takeaways from the Trump indictment that alleges a campaign of 'fraud and deceit'

Donald Trump on Tuesday marks the first time that the former president has been formally held accountable for his efforts to overturn his 2020 election defeat. And it adds new details to what was already known about his actions, and those of his key allies, in the weeks leading up to the violent Jan 6, 2021 insurrection. The newest charges — Trump's third criminal indictment this year — include conspiracy to defraud the United States government and conspiracy and obstruction of an official proceeding, the congressional certification of President Joe Biden's victory.

01.08 / 23:04

CEO Strategy Overstockcom Time Bed Bath & Beyond is back, this time as an online retailer

Overstock has officially relaunched the Bed & Bath & Beyond site online Tuesday in the U.S., after acquiring the bankrupt retail chain’s intellectual property assets for $21.5 million

01.08 / 23:03

UPS Manufacturing Caterpillar Airlines JetBlue electronic fall Caterpillar, Oshkosh rise; JetBlue Airways, Rockwell Automation fall, Tuesday, 8/1/2023

Stocks that traded heavily or had substantial price changes on Tuesday: Caterpillar, Oshkosh rise; JetBlue Airways, Rockwell Automation fall

01.08 / 23:03

UPS NASDAQ DOW Manufacturing Caterpillar Stock market today: Wall Street edges back from the year's big rally

Most stocks closed lower following a mixed set of earnings reports from U.S. companies, as Wall Street took a step back from its big rally this year

01.08 / 23:03

COST UPS Airlines SAP JetBlue Deal JetBlue warns of a possible 3Q loss as it ends a deal with American and faces flight disruptions

JetBlue shares are losing altitude as the airline warns that third-quarter and full-year results will be worse than it had previously expected

01.08 / 20:37

business Bankruptcy Customers Voyager customers targeted by scammers during 30-day withdrawal period: Report

Scammers set their sights on Voyager Digital customers during the month-long window when they were able to withdraw some portion of their funds from the bankrupt crypto brokerage, Bloomberg reported, citing Darren Azman, a lawyer for the firm. Law enforcement has been notified of the situation, he added.

01.08 / 18:41

UPS Citi Coca-Cola Anthem singer Shygirl and Tinashe announce co-headlining tour across North America; Check key dates, ticket details and more

Shygirl and Tinashe are teaming up for an exciting co-headlining tour across North America in October and November this year. The tour kicks off in Chicago and concludes in Oakland, with stops in cities like Toronto, New York, and Atlanta. Tinashe's upcoming album, BB/ANG3L, is expected to release later this year, while Shygirl recently dropped her Nymph in the Wild EP, following her last year's full-length album Nymph. Earlier this year, she released a deluxe version of Nymph featuring Tinashe on an updated version of «Heaven» and a Björk remix of "Woe."

01.08 / 18:17

Citi performer social concert electronic analyst Goldman Sachs analyst is missing after Brooklyn concert

A senior analyst with Goldman Sachs vanished over the weekend after attending a concert in New York City.

01.08 / 17:59

stocks stock market Money TSX Toronto Stock Exchange tsx s&p S&P/TSX composite falling, U.S. stocks also in decline

Canada’s main stock index fell in late-morning trading as U.S. markets were also in decline.

01.08 / 17:09

COST UPS Booking Mobile Uber Got a Bit Too Revved Up

Uber Technologies’s road to actual profits has been a long one, but investors still got there early. The ride-hailing company’s second-quarter results Tuesday included its first-ever operating profit, based on generally accepted accounting principles. This comes just a little over four years after Uber listed its shares on the New York Stock Exchange, though the company has been on this trip for quite some time, having reported its first profit on the far more generous standard of adjusted earnings before interest, taxes, depreciation and amortization in late 2021.

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