New York Financial News

Donald Trump is betting that Americans crave trillions of dollars in tax cuts — and that growth will be so fantastic that it’s not worth worrying about budget deficits

By a landslide, “The Apprentice” is the most controversial movie of the fall

An appeals court has upheld an earlier finding that the online Internet Archive violated copyright law by scanning and sharing digital books without the publishers’ permission

New York secretly assisted the Chinese government in gaining access to an official call regarding COVID-19 while living a lavish lifestyle as an undercover agent for Beijing. Linda Sun worked her way up to become the governor's deputy chief of staff over a roughly 14-year tenure. Federal prosecutors, however, claim that the 41-year-old secretly shared internal documents with Beijing and prevented Taiwanese diplomats from contacting the state government to help Chinese officials. China is said to have lavished Ms. Sun and her husband, Christopher Hu, with millions of dollars in kickbacks in exchange, enabling them to purchase a $4.1 million (£3.1 million) New York home and other benefits like personalized home delivery of salted duck. Also Read: Nightbitch: Check out new trailer, release date, plot and production team

“Very demure, very mindful” has become the latest vocabulary defining the internet’s summer

Jennifer Pamplona, a Brazilian influencer who has spent over $1 million on cosmetic procedures to look like Kim Kardashian, is now sounding the alarm on the dangers of butt fillers. Known for her extensive surgery history, Pamplona has recently shared a stark warning about the risks associated with butt lift fillers, particularly those containing polymethyl methacrylate (PMMA). Pamplona, a self-proclaimed “surgery addict,” revealed that her use of PMMA, a material commonly used in butt lift fillers, has severely impacted her health. Although her infertility cannot be directly linked to PMMA, complications from the filler are believed to be associated with either improper application or an adverse reaction. According to the New York Post, PMMA can migrate from the injection site to other areas, including the pelvic region, potentially affecting reproductive organ function. Pamplona recounted a troubling experience a decade ago when PMMA spread from her buttocks to her reproductive organs during a bioplasty procedure. This migration has contributed to her current fertility issues. “I always dreamed of being a mother. Unfortunately, I now find myself unable to fulfil this dream due to the complications caused by PMMA,” she told Need To Know.

Apollo Global Management Inc. co-founder Josh Harris’ alternative asset manager 26North Partners LP has struck its first private equity deal.

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In 2020 and 2021, COVID-19 Economic Injury Disaster Loans were a lifeline for small businesses

A growing number of restaurant customers are choosing to eat alone

The Dutch data protection watchdog has issued facial recognition startup Clearview AI with a fine of 30.5 million euros or $33.7 million over its creation of what the agency called an “illegal database” of billion of photos of faces

Nouriel Roubini, Professor Emeritus of Economics and International Business, Stern School of Business, New York University, says there is an element of frothiness in US stock markets. Part of it is driven by the optimism about artificial intelligence (AI) radically changing industry, economies, and the world. Some correction might occur, but it is unlikely to be massive, especially if the economy keeps on growing and the Fed starts cutting rates. Roubini says in case of a Trump win, if he has a radical economic policy, there could be higher inflation, lower economic growth, and a significant correction with higher bond yields and lower stock prices. If he wisely chooses economic advisors who are more mainstream, and if he realises that the debt of the US is unsustainable and he has to do fiscal retrenchment, maybe those economic advisors can suggest a more moderate course of action.

Coco Gauff's 6-3, 4-6, 6-3 loss to Emma Navarro in the U.S. Open's fourth round: Gauff wound up with more double-faults, 19, than winners, 14. It was the latest in a series of early-for-her exits in recent weeks, including bowing out in the third round at the Paris Olympics, then going 1-2 at hard-court tuneup events before arriving in New York. «I feel like there's 70 other players in the draw that would love to have the summer that I had, even though it's (the) least, probably, (I've) done well during this time of the year,» said the No. 3-seeded Gauff, who went 18-1 during the North American swing on hard courts 12 months ago, including the run to her first Grand Slam title. «So many people want to be in the fourth round. So many people want to make the Olympics. So many people want to be flag bearer. It's perspective.» The 20-year-old from Florida did fight her way back into the match with a four-game run in which she claimed 14 of 17 points and grabbed the second set.

Prince Harry, 39, is seeking advice from former royal aides to improve his reputation. Reports suggest he is frustrated with Hollywood publicists and is turning to familiar faces in the UK for assistance. Palace insiders reveal that Harry is consulting his old friends and associates, hoping to find a better approach. According to sources, Harry believes he needs a new strategy because his current methods are not effective.

Gen Z men endorsing Trump is a sign of the ongoing culture shock in US politics. With fresh polls revealing a stark difference in preference between young male and female voters that could play a major role in the presidential election, all eyes are on Generation Z. According to polls conducted earlier this month by the New York Times and Siena College, there is a significant gender difference in the political preferences of voters between the ages of 18 and 29, with more women supporting Vice President Kamala Harris for president while men in the same age range prefer former President Trump. According to polling, the difference of 51 points between Gen Z male and female voters is by far the greatest of any previous generation. Also Read: Parish Season 2: When will new episodes release? Here’s what creators say

without deep recessions. The Federal Reserve will probably soon join central banks in Europe in cutting interest rates, bond yields have fallen sharply since the summer and stockmarkets have shrugged off a growth scare that struck at the beginning of August. America’s economy was in fact bigger in the second quarter of 2024 than had been forecast before the covid-19 pandemic struck.

India will be one of the «great global superpowers» in the next few decades but it must stay the course on structural reforms to raise its economic growth rate to 8% from 6-7% now, said Nouriel Roubini, professor emeritus at Stern School of Business, New York University. In a conversation with Kotak AMC MD Nilesh Shah, Roubini shrugged off concerns about coalition politics derailing the country's reforms momentum. «I think there is some cohesive view that certain types of reforms have to be done, regardless of who is in power,» he said. China is slowing and external headwinds are gathering force, so India needs to get the reforms direction right and keep going even if the momentum may at times falter, he said. «Whether it's land reform or labour market reform or bankruptcy reform or more financial inclusion, more investment in skills and human capital, more reform of the bureaucracy and provision of public services-the list is very long,» said Roubini, making a strong case for building on the reforms already undertaken.

Jannik Sinner avoided the fate of his top rivals, reaching the fourth round of the U.S. Open while fellow top seed Iga Swiatek gained momentum in her quest for a sixth Grand Slam title after a pep talk from Serena Williams on Saturday. With defending champion Novak Djokovic forced out by a shock loss to Alexei Popyrin in the third round on Friday and another title contender, Carlos Alcaraz, sent crashing by Botic van de Zandschulp in round two a day earlier, all eyes were on Sinner. The Italian, who has managed the intense scrutiny following a doping controversy in the build-up to the tournament, thumped Christopher O'Connell 6-1 6-4 6-2 to underline his credentials as the outright favourite at the year's final major.

Robert F. Kennedy Jr. has filed a lawsuit against the State Board of Elections in North Carolina seeking to omit his name from the state's ballot ahead of November. Earlier, the elections board rejected Kennedy’s plea to remove his name ballots citing the move would cost hundreds of dollars to reprint the ballots. The lawsuit filed in Wake County Superior Court Friday says the board's denial of his request to remove his name as a third-party presidential candidate violated state election law and his right to free speech, according to The News & Observer and WRAL.

Namibia is planning to cull 723 wild animals, including 83 elephants, to feed the country amid the worst drought in a century, the New York Times has reported. Nearly half of the country's 1.4 million people are in a hunger crisis. The move aims to provide food and reduce dangerous encounters between humans and wildlife due to scarce resources, the report added. According to Namibia's Ministry of Environment, Forestry, and Tourism, the plan is «necessary» and aligns with the constitutional mandate to utilize natural resources for the benefit of Namibian citizens. The strategy of harvesting wild animals for food is not uncommon. Rose Mwebaza, director of the United Nations Environment Programme's Africa Office, stated, «Well-managed, sustainable harvesting of healthy wild animal populations can be a precious source of food for communities.» Drought is impacting a significant portion of southern Africa. The U.N. World Food Program noted in June that over 30 million people in the region are affected. Benjamin Suarato, spokesperson for the U.S. Agency for International Development, mentioned that droughts are a familiar issue in southern Africa, with several occurring in the past decade, including from 2018 to 2021. However, this particular drought is especially severe and wide-reaching, said Juliane Zeidler, country director of the World Wildlife Fund in Namibia.