New York Financial News

Here is your Pro Recap of the top takeaways from Wall Street analysts for the past week: upgrades for Meta and Morgan Stanley, and downgrades for Fox Corp., JetBlue, and Progressive

One year ago, when the run-up in oil prices came to a sudden halt, China and its overbearing controls on COVID were blamed. This week, Beijing is again the fall guy as crude loses momentum on its three-week-old rally. This time, it’s not the pandemic but China’s great economic hope itself that’s at fault.

According to data from Finra, the share of electronic trading in US investment grade credit has increased from 21% in early 2019 to 45% at the end of 2022.

Jay Kotak, the son of banker Uday Kotak and the co-head of Kotak811, says listening to podcasts has changed his life in the past year. In a recent tweet, he extolled the virtues of the free, long-format content as an “invaluable” means of learning. “A few hours a week might make you wiser than most schools or colleges,” he tweeted. He also shared a glimpse of some of his favourite podcasts, which range from an insider look at the tech industry to entrepreneurial lessons from some of the best business minds.

In an email seen by the news outlet, the New York based alternatives manager has decided not to accept Liontrust’s takeover offer of the firm.

₹328) for a cup of coffee. Buffett's husband, whose net worth is $114 billion as per Forbes, was heard grumbling about she "could get a pound of coffee" for the same price at more reasonable venues, The New York Post reported. Despite being World's sixth richest person, Buffett has also a reputation for frugality.

agricultural, labour and government sectors. -Shamina Singh is the current Executive Vice President of Sustainability at Mastercard and is a member of the company's Management Committee.

Blockchain startup Ripple is confident U.S. banks and other financial institutions in the country will start showing interest in adopting its XRP cryptocurrency in cross-border payments after a landmark ruling determined the token was not, in itself, necessarily a security.

Katrina Kaif turned 40 on July 16 (Sunday). Her actor-husband Vicky Kaushal took to Instagram to wish a very happy birthday to the ‘Mere Brother Ki Dulhan’ star and also treated their fans to some adorable pictures of their vacation. Sharing two mushy pictures of themselves, the ‘Zara Hatke Zara Bachke’ actor wrote, “In awe of your magic … every day.

Dolly Lenz Real Estate CEO Dolly Lenz and managing director Jenny Lenz analyze the New York, Florida and San Francisco real estate markets on 'The Claman Countdown.'

Ripple's win against the US Securities and Exchange Commission has boosted crypto trading volumes across spot exchanges.

Harvard researchers have made a groundbreaking discovery that could revolutionize the field of anti-aging. According to the New York Post, a team of scientists at Harvard claim to have found a chemical cocktail that has the potential to reverse the aging process, bringing us one step closer to the elusive «Fountain of Youth» pill.David Sinclair, a Harvard researcher, took to Twitter to share the findings, which were published in the esteemed medical journal Aging.

Many other premieres and entertainment events have been canceled in Hollywood as a result of the striking members of the Writers’ Guild of America (WGA) and SAG-AFTRA. The premiere of the Disney movie Haunted Mansion was held at Disneyland on Saturday, July 15, 2023, without the movie’s leading stars. The film’s director and producers were present on the red carpet, but otherwise, Disney had to make do with making its theme park characters, including its classic villains, posing for the media. Disney’s Mickey Mouse, Minnie Mouse, Maleficent, Snow White’s Evil Queen, and Cruella were on the red carpet, along with influencers and other guests who were not actors. None of the Haunted Mansion cast members like Tiffany Haddish, LaKeith Stanfield, Danny DeVito, Owen Wilson, Rosario Dawson, Chase W Dillon, Dan Levy, Jamie Lee Curtis, Hasan Minhaj, Marilu Henner or Lindsay Lamb were present at the premiere. The premiere was held in front of the Disney theme park's Haunted Mansion ride. The movie’s director Justin Simien, producers Dan Lin and Jonathan Eirich, executive producers Nick Reynolds and Tom Peitzman, and composer Kris Bowers walked the red carpet, but the cast skipped it in solidarity with the union. In view of the strike, the New York premiere of Christopher Nolan's Oppenheimer was canceled. The film’s UK premiere and red carpet went as planned in London, but the actors’ exited the venue just before the SAG-AFTRA strike was declared.

Google Doodle in the US and other countries, Zarina Hashmi is known globally for her minimalist art. Recognised as one of the most significant artists associated with the minimalist movement, Zarina Hashmi, the late Indian American artist and printmaker, left an indelible mark on the art world. Through collaboration with guest artist Tara Anand from New York, the doodle artwork honouring Hashmi beautifully captures Hashmi's exploration of concepts such as home, displacement, borders, and memory, employing minimalist abstract and geometric shapes.

Does Lithium Power International have something to tell is shareholders? Apart from an update on the $30 million sale of a subsidiary to Albemarle, it has been silence from the lithium explorer since April.

Josh Wardle, whose surname inspired the word puzzle’s name. In the rules of Wordle, you have to guess a word consisting of five letters in six chances. The Wordle puzzle is now owned by the New York Times (NYT) publication. It can be played on the NYT website or the Wordle mobile application on your smartphone or tablet. So, find the hints here for the Wordle 757 — July 16, 2023 and get playing!

United States Senator Cynthia Lummis has taken to Twitter to emphasize the significance of a recent court ruling by Judge Analisa Torres, which declared that Ripple’s XRP (XRP) token should not be considered a security when sold on digital asset exchanges. Lummis highlighted that the ruling underscores the urgent need for Congress to establish a comprehensive and unambiguous regulatory framework for cryptocurrencies.

inflation rate slipped to a more than two-year low, spelling relief for American consumers and moving the Federal Reserve a step closer toward ending an historic cycle of interest-rate hikes. China’s economy continues to struggle, with recent trade figures showing the largest drop in exports since early 2020. Industrial output in Europe remains weak, while strong wage growth in the UK threatens to add to inflationary pressures. Here are some of the charts that appeared on Bloomberg this week on the latest developments in the global economy:

Today, Google Doodle commemorates the birthday of Zarina Hashmi, an influential Indian American artist who would have turned 86 today. The doodle, designed by guest illustrator Tara Anand from New York, pays homage to Hashmi's artistic style by incorporating her signature geometric and minimalist abstract shapes. As per media reports, Hashmi was known for her remarkable sculptures, prints, and drawings.

Sabrina Ionescu smashed the records of the NBA and WNBA in the three-point contest on Friday and won the crown. The New York Liberty’s point guard Sabrina Ionescu created history when she scored 37 out of 40 possible points by hitting 25 out of 27 possible shots. She sunk the NBA record of 31 set by Steph Curry in 2021 and Tyrese Haliburton in 2023. Besides, she also smashed the WNBA record of 30 set by Allie Quigley in 2022. Reacting to the feat, Allie Quigley congratulated Sabrina calling it ‘unbelievable.’ Steph Curry called it ‘ridiculous.’ There can be no higher compliment when basketball superstars like Quigley and Curry say this. Seattle Storm’s Sami Whitcomb who came second with 22 points and Dallas Wings’ Arike Ogunbowale who finished third with 11 points came nowhere near Sabrina and they cannot be compared. In the game of a three-point contest, players take five shots from five different locations around the three-point line. They also make two attempts from a deeper range. Each rack has four balls, and each ball has one point. The multi-colored ball has two points. A player gets three points for a deeper shot. Each player must choose one rack and the five balls have two points. Sabrina hit each of her chosen balls.Sabrina Ionescu will participate in the 2023 WNBA All-Star game at the Michelob ULTRA Arena in Las Vegas. Las Vegas Aces’ A’ja Wilson, Indiana Fever’s Aliyah Boston, and Phoenix Mercury’s Brittney Griner may also take part in the game.

Ripple Labs achieved a partial victory in its case with the U.S. Securities and Exchange Commission (SEC) on July 13, 2023.