New York Financial News

19.07 / 17:57

Solomonic Goldman Sachs profit tumbles on real estate hits, banking slump

Goldman Sachs Group Inc's profit plunged as the Wall Street giant notched one of its weakest quarters under Chief Executive Officer David Solomon. Earnings fell 58% on an investment-banking slump, real estate markdowns and a goodwill writedown in the consumer business, which houses the GreenSky lending business. Return on equity, a key measure of profitability, slid to 4% in the quarter the worst among the top US banks.

19.07 / 15:53

UPS Strategy Solomonic dealmaking Goldman profit hit by real estate markdowns, dealmaking slump

Goldman Sachs Group Inc.’s profit plunged as the Wall Street giant notched one of its weakest quarters under Chief Executive David Solomon.

19.07 / 15:35

UPS Citizens NASDAQ DOW MSCI Global stocks rise, dollar gains as UK inflation bolsters sentiment

By Herbert Lash

19.07 / 15:15

Provident FIVE Action Forbes show social In-N-Out burger chain bans employees in five states from wearing masks without a doctor's note

In-N-Out will bar employees in five states from wearing masks unless they have a doctor’s note, according to internal company emails leaked on social media last week

19.07 / 15:05

Stablecoin Ripple XRP regulation SEC Court Bitcoin SEC vs. Ripple — Huge win for crypto

In the latest episode of The Market Report, Cointelegraph analyst and writer Marcel Pechman discusses Ripple’s partial victory against the SEC and its impact on the crypto market. Although people traded based on emotion after headlines popped out, the next day, as investors could process what happened, the altcoins gave away half of the gains.

19.07 / 15:01

Deltec Bank's Funds Seized by U.S. Secret Service in Money Laundering and Fraud Probe

The U.S. Secret Service seized multiple corporate accounts last month controlled by Deltec Bank, a Bahamian bank with ties to crypto-related firms.

19.07 / 14:51

performer stage beautiful audience America's Got Talent: Judges left teary-eyed after two moms deliver heartfelt song from ‘Wicked’

Kim from Oregon and Holly from New York, took the stage with a touching story and a beautiful song from Wicked that tugged at the heartstrings of judges Sofia Vergara and Heidi Klum. Kim and Holly stepped onto the stage dressed in coordinating outfits, but it was their unique connection that moved everyone. In 2007, Holly's young son tragically passed away, becoming an organ donor in the process. His heart went to newborn Beckham, Kim's son, ultimately saving his life. The mothers shared that Holly's final song to her late son was «For Good» from Wicked, the very song Kim sang to her son after he awoke from his life-saving surgery by pure coincidence.

19.07 / 13:39

Blockchain Twitter CEO Platform Investment stage AI companies Venture Capital Firm CoinFund Raises $158 Million to Drive Innovation in Early-Stage Crypto and AI Companies

The crypto-focused venture capital firm CoinFund has closed a fundraising round for its latest VC fund, the CoinFund Seed IV Fund, after raising $158 million from investors.

19.07 / 13:15

Booking Career Actor love Oscar Lee Jamie Lee Curtis is working on a new children's book, 'Just One More Sleep,' for January publication

Oscar winner Jamie Lee Curtis also has a busy career as a children’s author

19.07 / 11:39

Blockchain Provident Digital Ripple XRP SEC Ripple Anticipates U.S. Banks to Adopt XRP Following Partial SEC Case Victory

San Francisco-based blockchain startup, Ripple, is optimistic that U.S. banks and financial institutions will adopt its XRP cryptocurrency for cross-border payments. This follows a significant ruling that the token is not necessarily a security.

19.07 / 10:33

Unit trusts/OEICs Neuberger Berman unveils tactical macro fund

Based in New York, the manager will also be supported by twelve others within an investment team comprising of CIOs, research analysts, traders and portfolio specialists.

19.07 / 09:39

UPS Provident Cooper Platform Shell show Hundreds invested $63m in real estate deals, but where’s the cash?

Hundreds of regular investors who together put up $63 million to buy pieces of Atlanta and Miami commercial real estate have allegedly seen their funds disappear.

19.07 / 09:25

UPS Reuters NASDAQ DOW Browser show Global shares rise, US shares mixed as Fed seen on target for rate hike

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19.07 / 07:53

UPS Lowe's JPMorgan Citigroup Chase Wall Street sees glimmer of hope for investment banking revival

After more than a year in the dealmaking doldrums, Wall Street giants are finally seeing signs of life in their capital markets businesses.

19.07 / 03:11

economy stocks stock market Money TSX Toronto Stock Exchange tsx s&p S&P/TSX composite gains 150 points led by energy stocks, U.S. stock markets also rise

Canada’s main stock index gained almost 150 points, led by strength in the energy sector, while U.S. stock markets also rose.

19.07 / 02:53

UPS Lowe's Man Career Blue is the new white? Labor market's sudden shift towards skilled trade workers is a win for blue-collar jobs

Gateway Plumbing & Heating owner John Cataneo says there's room for creativity and profitability in many trade jobs, which are in high demand.

19.07 / 02:51

UPS Microsoft Software Remark MSCI Nikkei Asia stocks split as US-China outlooks diverge

Asia's stock markets were mixed on Wednesday with growth concerns dragging on China's equities while shares gained in Japan and Australia after healthy U.S. company earnings and retail data added to hopes that a recession there can be avoided. Dovish remarks from a European Central Bank policymaker boosted bonds and dragged the euro lower.

19.07 / 02:35

UPS Lowe's NASDAQ DOW COMPOSITE Bank results lift stocks; Dow up for seventh straight session

Dow on track for its longest streak of daily gains in more than two years. Morgan Stanley shares jumped 6.45%, their biggest one-day percentage climb since Nov. 9, 2020 after topping expectations as growth in the bank's wealth management business offset lower trading revenue.

19.07 / 02:05

Reuters Manufacturing NIFTY Nikkei KOSPI Indian US stocks Gift Nifty, Asian markets gain following rally in US stocks; check out key global cues for Indian stock market

retail sales rose less than expected in June on a fall in building materials and service station receipts. In Asia, according to the Reuters Tankan survey, which measures confidence among large Japanese companies, business sentiment among manufacturers in Japan declined for the first time in six months in July. Also Read: Day trading guide for today: Six buy or sell stocks on Wednesday - July 19 Japan’s Nikkei 225 gained 1% and the Topix rose 0.94%.

18.07 / 21:07

Action rights Dollar General violated worker rights and federal law amid union efforts, labor judge rules

Dollar General violated federal labor law and “clearly intended to interfere” with worker rights in efforts to quell unionization at a Connecticut store, a National Labor Relations Board judge said Monday

18.07 / 21:07

UPS BLOCK Digital Action Time This isn't the first time Hollywood's been on strike. Here's how past strikes turned out

The common refrain is that there’s nothing Hollywood loves so much as its own history

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