New York Financial News

Richard N

U.S. taxpayers will again see higher standard deductions for 2025, allowing them to shield more of their money from taxation on future returns

New York magazine says the publication and star political reporter Olivia Nuzzi have decided jointly to “part ways."

Wall Street Journal and the New York Post filed a lawsuit in a US court on Monday against AI company Perplexity AI, alleging massive copyright infringement and trademark violations. Perplexity is one of Silicon Valley's hottest startups, whose AI powered search engine is often mentioned as a potential disruptor to Google. The lawsuit in a federal court in New York accuses Perplexity of illegally copying and reproducing copyrighted content from The Wall Street Journal and the New York Post to power its AI-driven «answer engine.»

Hulu released the first trailer for Goosebumps: The Vanishing at New York Comic Con. The show, featuring David Schwimmer, brings a mysterious, supernatural entity to New York City.

AMC announced the return of The Walking Dead: Dead City for its second season in Spring 2025. A teaser was revealed at New York Comic Con. It showed the return of key characters Maggie and Negan.

Creature Commandos, directed by James Gunn, has been released. The show is set to premiere on December 5, 2024. The series, featuring seven episodes, will be released weekly.

Abortion is an important issue for many voters, especially young women, heading into the November election.

Nirmala Sitharaman on Monday pitched the India story to a large group of pension funds and institutional investors in the US and impressed on them to take advantage of India's enormous investment opportunities. Sitharaman addressed a roundtable on “Investment Opportunities in India” at the New York Stock Exchange (NYSE), the world’s oldest and largest bourse with around 11 Indian companies listed on it, according to a finance ministry post on X (formerly Twitter). “The roundtable is being attended by various pension funds and other institutional investors and fund managers across USA, forming one of the largest financial systems in the world in terms of total assets under management,” the ministry said in the post.

New GoFundMe tools will make it easier to circulate causes across online platforms in a push to cater toward younger generations

Perplexity AI has begun fundraising talks in which it is looking to more than double its valuation to $8 billion or more, the Wall Street Journal reported on Sunday. Perplexity has told investors it is looking to raise around $500 million in the new funding round, the Journal reported citing people familiar with the matter. The Nvidia-backed artificial intelligence (AI) company's estimated annualized revenue based on recent sales is currently about $50 million, the report added.

Donald Trump visited a McDonald's in Pennsylvania on Sunday as he stepped up his criticism of Democrat Kamala Harris and dug into his claim, spread without offering evidence, that she never worked at the fast-food chain while in college, as per AP report. The former president visited a McDonalds in Feasterville-Trevose, which is part of Bucks County, a swing area northeast of Philadelphia. Harris has talked during her campaign about her experiences as a fry cook at McDonalds and Trump planned to try his hand before heading to an evening town hall in Lancaster before attending the Pittsburgh Steelers home game against the New York Jets, AP reported. The McDonald's owner, Derek Giacomantonio said, «It is a fundamental value of my organization that we proudly open our doors to everyone who visits the Feasterville community.»

The announcement was made at New York Comic-Con. In «Daredevil: Born Again», actor Charlie Cox plays Daredevil, and Vincent D'Onofrio plays the villain Kingpin. Marvel's 'Daredevil: Born Again' is set to premiere on Disney+ on March 4, next year.

Daredevil: Born Again, marking the return of Charlie Cox as Matt Murdock in a solo series. The highly anticipated show is scheduled to premiere on Disney+ on March 4, 2025. This announcement comes as part of Marvel's broader plans to integrate the beloved character into the current Marvel Cinematic Universe (MCU) storyline, following the successful adaptation of The Defenders saga into the MCU's canon. The news was revealed at the 2024 New York Comic Con, where Marvel Studios unveiled a new preview for Daredevil: Born Again to eager fans. This announcement serves as a major highlight for Marvel's future TV plans, as it continues to build anticipation for the reimagined journey of Matt Murdock, also known as the Devil of Hell's Kitchen. The series, which will consist of nine episodes in its first season, has already been renewed for a second season.

Americans who think of petrified hot dogs, frozen burritos and salty snacks when they imagine getting food at a gas station or truck stop may be pleasantly surprised during their next road trip: U.S. convenience stores are offering them more and better...

A major redesign has been proposed for Manhattan’s famed luxury store row Fifth Avenue

Travis Kelce recently opened up about his worries regarding the growing public attention on his relationship with Taylor Swift. During an episode of the podcast «New Heights,» Kelce acknowledged that if the Kansas City Chiefs were to lose a game, he expects their relationship to face even more intense scrutiny. “We’ve just got to keep winning,” Kelce said, reflecting on the added pressure they both experience in the public eye.

Olivia Nuzzi was spotted in public for the first time since the scandal featuring Robert F. Kennedy Jr., and this has sparked speculation among the public, SheKnows reported.

critical minerals to the United States, upgrading the bilateral memorandum of understanding (MoU), commerce and industry minister Piyush Goyal said on Saturday. “We suggested that critical mineral MoU be converted to a critical mineral partnership and become a starting point to become an FTA (free trade agreement),” Goyal told media persons. Earlier this month, the two sides inked an MoU to strengthen supply chains for critical minerals in electric vehicles (EVs) and other clean energy applications, including cobalt and lithium, during Goyal’s visit to the US. Officials said that the conversion of the MoU into a partnership agreement would give it the status of an FTA that would enable India to benefit from the EV tax credit that the US gives under its Inflation Reduction Act. The tax credit depends on critical minerals’ origins, requiring that a percentage of materials in EV batteries come from the US or countries with which the US has an FTA. The access to the US EV tax credit of up to $7,500 per vehicle would attract substantial foreign investment and make large-scale manufacturing of components in India commercially viable. The MoU between India and US falls short of a full critical minerals trade deal that would allow India to explore the $7,500 US EV tax credit.

Piyush Goyal, declared that the H1B visa issue is now «a thing of the past» during a meeting at Vanijya Bhavan, New Delhi. He emphasized that the topic would no longer be a point of discussion in international dialogues, marking a shift in focus towards other areas of economic and strategic partnerships. Minister Goyal's recent visit to the United States included a two-day stay in New York, where he met with CEOs of major companies to discuss reforms initiated by the Modi government aimed at boosting foreign investments in India, particularly in the pharmaceutical and diamond sectors.