New York Financial News

Amazon says it had its biggest Prime day event ever this year

HANOI (Reuters) — Shareholders of Black Spade Acquisition, a special purpose acquisition company (SPAC) that planned to merge with Vietnam's electric automaker VinFast by this month to allow a U.S. listing, voted on Thursday to extend its lifespan by a year.

dinosaur skeletons — one a fierce flying reptile of the kind seen in the «Jurassic Park» movies and the other evocative of the Loch Ness monster — will be auctioned off this month in New York, Sotheby's said Tuesday. The latter, called Nessie after the legendary elusive beast plying the depths of a Scottish lake, is estimated to draw between $600,000 and $800,000, Sotheby's said. A kind of dinosaur called a plesiosaur, it was last auctioned in Paris in 2010 and at the time had come from a private museum in Germany. The remains, which are nearly 11 feet (3.4 meters) long, were found in a quarry in England in 1990. The skeleton is about 75 per cent complete and in exceptional condition, said Cassandra Hotton, Sotheby's head of Science and Popular Culture. With its small head, long neck and flippers, the plesiosaur lived in the Lower Jurassic period about 190 million years ago. «The history of the Plesiosaur is also intertwined with the elusive Loch Ness monster of Scottish folklore, as many have drawn morphological comparisons between the Plesiosaur and the infamous 'Nessie,' whose sightings stretch back to the sixth century,» Sotheby's said in a news release.

Allen & Overy senior partner Wim Dejonghe will lead the Magic Circle law firm by himself through its merger with Shearman & Sterling after the shock resignation of managing partner Gareth Price.

Former Mozambique finance minister Manuel Chang has been extradited to the U.S. to face a fraud and corruption trial over a $2 billion scandal involving fraudulent government loans

PepsiCo saw lower demand for its drinks and snacks in the second quarter but higher prices continued to boost its bottom line

PepsiCo Inc.’s second-quarter results handily topped Wall Street’s expectations and the food and beverage company raised its full-year forecasts

It is a matter of when, not if, a spot Bitcoin (BTC) exchange-traded fund (ETF) is created, argued Grayscale InvestmentsCEO Michael Sonnenshein.

(Reuters) -Amazon.com was hit with a complaint on Wednesday for allegedly refusing to bargain with a New York workers' union, a spokesperson for the National Labor Relations Board (NLRB) said.

Salman Rushdie has spoken for the first time about having «crazy dreams» following the near-fatal knife attack on him in New York in August last year, which has left the Mumbai-born author blind in one eye, and working with a therapist to help him process the mental impact of the trauma. The 76-year-old Booker Prize-winning author was on stage almost a year ago when he was stabbed up to 10 times by the suspect Hadi Matar, who is being held in prison for attempted murder. Speaking to the BBC this week, Rushdie said he was in «two minds» about whether to face his alleged attacker, who has pleaded not guilty, in court.

New York Post, this gaffe occurred just a day after Zelensky expressed frustration at Ukraine not receiving an invitation to join the North Atlantic alliance, only to retract his statement shortly afterwards. “Vladimir and I … I shouldn’t be so familiar," Biden said during a press conference in the Lithuanian capital.

Amazon.com was hit with a complaint on Wednesday over allegedly refusing to bargain with a New York workers union, a spokesperson for the National Labor Relations Board (NLRB) said. The NLRB general counsel, which acts as a prosecutor, is seeking remedies that include ordering Amazon to bargain in good faith with the union representing workers at its JFK8 facility in the New York City borough of Staten Island, a spokesperson for the labor relations board said.

India’s consumer price index (CPI) inflation rose for the first time in five months to 4.81% in June 2023, which was higher than the street's expectations of 4.58%. The inflation came in at 4.81% versus 4.31% in May 2023 and 7.01% in June last year. Market will also take cues from the corporate earnings for the quarter ended June 2023 with IT major Wipro to announce its results later today.  Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — 13th July Japan’s Nikkei 225 rose 0.36%, while the Topix gained marginally.

Millennium, the multi-strategyhedge fund that likes to hire from banks, particularly likes to hire commodities traders from Goldman Sachs. It took one in the form of Anthony Dewell, Goldman's 38-year-old oil trading superstar last October. Now it's come back for another bite. 

If you live in Singapore, then Temasek, the Singaporean sovereign wealth fund with US$280bn in assets under management, is a pretty good place to work. It doesn't pay badly and for the past few years, it has hired relentlessly. But today'spoor set of results may give pause for thought.

Investing.com — It’s one thing to run ahead of the pack. It’s another to do so with blinkers on, as oil bulls demonstrated Wednesday, charging into higher territory by ignoring bearish U.S. inventory data and a Fed official’s caution that cooling inflation did not mean the central bank was ready to stop rate hikes.

It's not just multi-strategy hedge funds that are going all out on recruitment this year. Recruiters covering theprivate credit space say they too are awash with work, and that they're only likely to become more busy. 

Stocks that are trading heavily or have substantial price changes Wednesday: AngioDynamics, Lucid Group fall; Daktronics, Domino’s Pizza rise

Despite the Fed’s best efforts, the U.S. economy has maintained its momentum throughout this year, shattering expectations of a potential downturn. Although employment growth was slower in June, robust figures continued to pressure the fed for further rate rises, even though consumer expenditure experienced a slight chill in May relative to the preceding month.

Former FTX executive Ryan Salame and his girlfriend Michelle Bond, a former congressional candidate, are under investigation for potential violations of campaign-finance law. 

The fossilized skeletons of an aerial predator with a 20-foot wingspan and an aquatic reptile with a snake-like neck will be auctioned in New York this month