New York Financial News

On July 13, 2023, United States District Court Judge Analisa Torres ruled that Ripple’s XRP (XRP) token should not be considered a security when sold on retail digital asset exchanges.

Private-equity giant Blackstone became the first among its peers to reach $1 trillion in assets under management. The New York firm, which set a goal in 2018 of crossing the $1 trillion mark by 2026, got there early thanks to a concerted push into lower-risk, lower-return strategies, such as insurance, infrastructure, credit and certain types of real estate. The areas have big growth potential and feature pools of money that don’t need to be replenished constantly.

New York City Comptroller Brad Lander slammed a decision by BlackRock Inc., its largest external money manager, to appoint the chief executive of the world’s biggest oil company to its board.

Nasdaq has scrapped plans for a cryptocurrency custody service amid recent regulatory challenges. 

Chicken production boomed during the second world war. In the 1940s the us Department of Agriculture launched the “Chicken of Tomorrow", a contest to develop fatter and faster-growing birds. Production became more industrialised and efficient.

By Amy-Jo Crowley

Federal Reserve is to launch a new payment service that could allow Americans to send and receive money in seconds. The new service, called 'FedNow', will initially launch with 41 banks and 15 service providers, including community banks and large lenders such as JPMorgan Chase, Bank of New York Mellon and US Bancorp, with plans to add more banks and credit unions later this year. The Federal Reserve has been working on the service since 2019, but it was initially opposed by the big banks, who argued it was redundant, but later agreed to participate as they believe FedNow will expand the services they can offer their customers.

Wordle has been very popular globally for over two years now, it has become a morning tea ritual for people to solve the puzzle every day and maintain their winning streaks. Wordle is a word puzzle game designed by Engineer Josh Wardle for his partner who loves word games. Initially, it was only made accessible for family and relatives till it was bought by The New York Times for six figures. Wordle is now available publically on the official website of NYT and can be played on mobile browsers or Pcs.

Premier League (IPL), billionaire Anand Mahindra was asked to invest in the now-hugely successful short-format cricket tournament that transformed the global fortunes of the sport. The tycoon, who heads the automotive and industrial conglomerate Mahindra & Mahindra Ltd., wasn’t particularly interested in what he considered a dull, passive vanity project. But it did spark an idea.

Chris Ellison’s Mineral Resources has pulled out of a billion-dollar deal that would have seen it acquire a stake in lithium hydroxide plants in China owned by its partner, battery chemicals giant Albemarle.

Broad-based strength among Canadian equities led by battery metals helped lift Canada’s main stock index Wednesday, while U.S. markets also rose.

Billionaire philanthropist MacKenzie Scott’s first open call for grants yielded 6,353 applications from nonprofits — meaning candidates have at least a 4% chance of being selected for a $1 million grant

The Teamsters said Wednesday they will resume contract negotiations with UPS next week, marking an end to a stalemate that began two weeks ago when both sides walked away from talks while blaming each other

Marijuana can legally be sold at festivals and other events in New York under a measure approved by state regulators

United Airlines is reporting a profit of more than $1 billion for the first part of the peak summer travel season

Your chances of winning the lottery are extremely slim — even as more and more eye top prizes soaring to jaw-dropping heights

Investing.com — Oil bulls might need a new scapegoat if the market doesn’t perform to their expectations.

Mumbai Police has registered an FIR against Italian fashion design brand Valentino, its billionaire founder Valentino Clemente Ludovico Garavani and some officials, based on a complaint filed on behalf of an Indian-American fashion designer, on the directions of a metropolitan magistrate. The magistrate on July 7 directed the police (Matunga police station) to register an FIR, saying a perusal of the complaint and documents annexed by the complainant reveals that «the cognisable offence has been committed by the proposed accused».

The United States Navy has written onerous change-of-control provisions into long-running contracts potentially worth billions of dollars with Austal, the ASX-listed shipbuilder fielding interest from acquisitive international firms.

GreenTech Research President and CEO Hilary Kramer and ‘The Cow Guy’ Scott Shellady discuss the Fed likely not cutting rates in 2023 or 2024, the 1Q GDP performing higher than expected and the market’s reaction. 

Amber Heard, known for her high-profile legal battles with Johnny Depp, is once again in the midst of trouble, this time involving the FBI. The actor recently made headlines for her return to the big screens with the indie movie In the Fire, but her legal woes continue to haunt her. Reports surfaced in 2022, revealing that Amber Heard was under investigation, and the FBI was involved in the case. The investigation stemmed from allegations that Heard smuggled her dogs, Pistol and Boo, into Australia while accompanying her then-husband Johnny Depp during the filming of Pirates of the Caribbean 5 in 2015. Heard reportedly brought her dogs without declaring them, leading to charges of illegal animal importation. She ultimately pleaded guilty to falsifying travel documents in an Australian court in April 2016. Recently, it was disclosed that the perjury case involving Amber is still ongoing, with Australian authorities collaborating with the FBI to locate witnesses in America.