New York Financial News

The Ominous details regarding the safety of the onboard passengers of ill-fated Titan submersible that killed all five including OceanGate Expeditions CEO are emerging weeks after the tragedy that took place near the Titanic wreckage in the North Atlantic Ocean. The New Yorker has published an email of a former employee of OceanGate Expeditions which he wrote to ex-associate years ago with concerns about the potential failings of the submersible and an ominous warning about its CEO Stockton Rush about his reckless pursuit of personal glory.  “I don’t want to be seen as a Tattle tale but I’m so worried he kills himself and others in the quest to boost his ego," David Lochridge wrote about OceanGate CEO Stockton Rush, reported CNN.

For over a century in New York, commercial-property investors have carved up the value of the city’s skyscrapers by separating the land from the building and trading the pieces separately. But now, in the midst of one of the worst office downturns since World War II, that practice is escalating disputes between the owners of the different pieces. Under ground-lease arrangements, the building operator pays rent to the owner of the land.

With the Bitcoin (BTC) halving event less than a year away, several financial giants have filed applications for a spot Bitcoin exchange-traded fund (ETF) — a scenario last seen before the 2020 to 2021 bull run. 

Oregon, according to reports. Severe weather is expected in the central and northern Plains, where thunderstorms could bring damaging winds and large hail later in the day and at night, according to AccuWeather. The Desert Southwest and West Coast will continue to experience scorching temperatures on Independence Day, as stated by the National Weather Service. Northern California and western Oregon are anticipated to face record-breaking heat, with temperatures expected to rise into the 90s and low 100s, according to the weather service. AccuWeather also predicts that temperatures along portions of I-5, from Seattle to Medford, Oregon, may challenge daily record highs, as per USA Today report. The Desert Southwest will experience highs well into the triple digits, resulting in an excessive heat warning in effect for Phoenix and Tucson, Arizona. In other regions, such as the Southeast, Plains, Midwest, and parts of the Northeast, it will be another day of the heat and humidity that July is known for, according to Weather.com meteorologist Chris Dolce. The central Great Plains can expect scattered severe thunderstorms from late afternoon into Tuesday night, with severe thunderstorm gusts being the primary concern, according to the Storm Prediction Center. In the Northeast, local downpours may impact holiday plans in parts of upstate New York and New England, but the majority of the stormy weather should stay away from the Interstate 95 corridor. While storms are likely to hit the coast in Virginia and the Carolinas. Dolce advises being prepared to seek shelter if thunder is heard during any outdoor activities, as these storms will be sporadic in most areas.

New York-based law firm McDermott Will & Emery filed for compensation of $5.1 million from the creditors of bankrupt crypto brokerage firm Voyager Digital. The bill is for legal services offered between March 1 and May 13, 2023.

After the Supreme Court effectively killed President Biden’s student debt forgiveness proposal, he’s trying again using a different legal approach

Stocks that traded heavily or had substantial price changes Monday: Tesla, Rivian rise; Apple, AstraZeneca fall

Stamps prices are on the rise, again

CoinShares CEO Jean-Marie Mognetti said that London’s lack of intersection between crypto and traditional finance might limit its potential to fully exploit opportunities in the emerging asset class.

American Independence Day commemorates the adoption of the Declaration of Independence on July 4, 1776, by the Second Continental Congress, declaring the colonies' separation from Great Britain. One year later, Philadelphia witnessed a spontaneous celebration marking the anniversary of American independence, according to the Library of Congress. While Americans celebrate the Fourth of July with much pomp due to the Declaration of Independence being celebrated on that day.

Also read: Netflix under fire over ill-timed promo release amid Titan submarine tragedy: 'Not the best-timed tweet’ The Dawood family encountered cramped cabins during their journey. In order to accommodate everyone, the husband and wife resorted to sleeping in bunk beds, with the wife occupying the top bunk. Each of the children was assigned their own cabin.

Misra, who stepped back from his executive role at SoftBank Vision Fund (SVF) a year ago, is open to investing in domestic companies from his new venture, One Investment Management, through debt and equity deals. Misra told ET in an interview that One IM, which currently has a corpus of $7 billion, participated in a debt issue floated by the Shapoorji Pallonji group, making it the fund’s debut in India. The $50 million credit infusion was part of $1.7 billion raised by the Mumbai-based Shapoorji Mistry-controlled group through a bond sale that closed recently.

Robert De Niro, has died at 19.His mother, Drena De Niro, announced the news Monday in an Instagram post.“I don’t know how to live without you but I’ll try to go on and spread the love and light that you so made me feel in getting to be your mama,” she wrote. “You were so deeply loved and appreciated and I wish that love alone could have saved you.”Drena De Niro shared Leandro with artist Carlos Mare, who posted black squares sans caption on his Instagram accounts.“I’m deeply distressed by the passing of my beloved grandson Leo.

Investing.com — After the best monthly return in a year, natural gas began July trading with a dip on Monday as producers concluded on-site maintenance, resulting in higher output. Some of the heat that had pervaded the south of the United States also let up, reducing gas-driven demand for cooling.

Investing.com — Right on cue, the Saudis came out to say their million-barrel cut for July will be extended to August and possibly September — maybe even infinitely. The Russians talked up their cuts too. But the announcements coincided with particularly bad global factory activity, sending crude prices lower.

European Union (EU) lawmakers have agreed to move ahead with the controversial European Data Act, which has previously drawn criticism from the crypto community. The act, aimed at encouraging greater use of data resources to train algorithms, would update the EU’s rules on smart contracts to include a kill switch option that would allow them to be safely terminated. Obviously, this contradicts the fundamental idea of trust in smart contracts. 

Netflix has inked a contract with Greta Gerwig for her to both write and direct two films inspired by C. S. Lewis' beloved series, The Chronicles of Narnia.

By Saeed Azhar

Investing.com — U.S. stocks inched higher on a shortened day of trading in New York to start the second half of the year.

After a month of rumination, one of Austal’s North American suitors is close to stumping up the cash.

By Sinéad Carew