New York Financial News

Bitcoin has topped the $100,000 mark as a massive rally in the world’s most popular cryptocurrency sparked by the election of Donald Trump rolls on

Amazon founder Jeff Bezos says he is “optimistic” about President-elect Donald Trump’s second term and expressed some excitement about potential regulatory cutbacks in the coming years

Just one retail chain was enough for Taylor Swift to have the top-selling book last week and the biggest publishing launch of 2024

ESPN is continuing their transition into more direct-to-consumer offerings and being more accessible with Wednesday’s launch of Disney+

OpenAI CEO Sam Altman expressed confidence Wednesday that Elon Musk would not use his proximity to Donald Trump to harm business rivals, calling such actions «profoundly un-American.» Speaking at the New York Times DealBook conference, Altman addressed concerns about Musk's announced role heading a new Department of Government Efficiency in the incoming Donald Trump administration, and whether he might use it to favor his own companies. «I may turn out to be wrong, but I believe pretty strongly that Elon will do the right thing,» Altman said. «It would be profoundly un-American to use political power to hurt your competitors and advantage your own businesses.»

technology shares rallied after upbeat results from Salesforce and as comments by Federal Reserve Chair Jerome Powell gave a late boost to the market. The economy is stronger than it appeared in September when the central bank began cutting interest rates, allowing policymakers to potentially be a little more cautious in reducing rates further, Powell said at a New York Times event.

Federal Reserve Chair Jerome Powell on Wednesday said the economy is stronger now than the central bank had expected in September when it began reducing interest rates, and appeared to signal his support for a slower pace of interest-rate cuts ahead. «The U.S. economy is in very good shape and there's no reason for that not to continue ...the downside risks appear to be less in the labor market, growth is definitely stronger than we thought, and inflation has come in a little higher,» Powell said at a New York Times event. «So the good news is that we can afford to be a little more cautious as we try to find neutral.» His remarks during a wide-ranging half-hour interview that touched only lightly on monetary policy and the economy are likely his last before the Dec. 17-18 policy meeting, as the quiet period when Fed officials refrain from speaking about monetary policy ahead of a meeting starts on Saturday. In-depth comments by some of Powell's key colleagues this week have pointed in the direction of a third straight interest-rate cut, with Governor Christopher Waller saying on Monday he was «leaning toward» a reduction even as others decline to pre-commit to that outcome.

global stocks hit a record with Jerome Powell’s bullish comments that supported risk assets. Currency traders remained on alert as the French government fell after a no-confidence vote. Shares in Japan and Australia rose, while equity futures in Hong Kong were slightly lower. US equity futures were little changed after Wednesday advances for the S&P 500 and tech-heavy Nasdaq 100 nudged a gauge of global stocks to a new high.

OpenAI CEO Sam Altman is locked in a legal dispute with rival Elon Musk

A basic tenet of journalism — calling someone for comment on a story — was seen as a threat by defense secretary nominee Pete Hegseth's mother

The chief executive of UnitedHealthcare, one of the nation’s largest insurers, was killed in midtown Manhattan in what police described as a targeted attack by a shooter outside a hotel where the company was holding a conference

U.S. donors gave $3.6 billion on Tuesday, an increase from the past two years, according to estimates from the nonprofit GivingTuesday

Brian Thompson led one of the biggest health insurers in the US but was unknown to millions of people his decisions affected

Lafayete

NEW YORK — Federal Reserve Chair Jerome Powell said Wednesday he isn't worried that President-elect Donald Trump will try to politicize the central bank once he takes office in January.

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Brian Thompson's killing outside The Hilton Midtown Manhattan hotel in New York on Wednesday has posed tough questions against security and safety in one of the most posh localities not only in the US but also in the world. This comes at a time when the US and New York are gearing up to celebrate Christmas 2024, as per a report. New York City police officials said that it was a premeditated, pre-planned, targeted attack. Thompson was fatally shot on Wednesday morning outside the hotel in what appeared to be a targeted attack by a gunman lying in wait. Thompson was rushed to a nearby hospital, where he was pronounced dead. Police said the gunman remains at large, Reuters reported. Police tape blocked off the area on 54th Street outside the Hilton on Wednesday morning, where blue plastic gloves were strewn about and plastic cups appeared to mark the location of bullet casings.

Shohei Ohtani, where is the fancy Porsche you hinted at giving your manager Dave Roberts if the Los Angeles Dodgers won the World Series? Well, the Dodgers won the World Series against the New York Yankees more than a month ago, so what gives? Visiting Tokyo on Wednesday and speaking to mostly Japanese reporters, Roberts was reminded that Ohtani gave teammate Joe Kelly a new Porsche when Kelly agreed to hand over his No 17 to the Japanese superstar after he joined the Dodgers from the Angels.

The shooting occurred around 6:45 a.m. (ET) outside the Hilton on Sixth Avenue, where the company's annual investor conference was about to take place. Thompson was rushed to a nearby hospital, where he was pronounced dead. Police said the gunman remains at large. «This does not appear to be a random act of violence,» New York City Police Commissioner Jessica Tisch said at a press conference. «Every indication is that this was a premeditated, pre-planned, targeted attack.»

Brian Thompson, the 50-year-old CEO of UnitedHealthcare, was shot dead outside the New York Hilton Midtown hotel on Wednesday morning, according to police reports, as told to the NY Post. The shooting took place at around 6:46 a.m. as Thompson was arriving early for an investor conference hosted by UnitedHealth Group, the parent company of UnitedHealthcare.

An Irish YouTuber hopes to raise millions of dollars for charity this holiday season — and is using a popular gaming technology to rally his fans around the cause