New York Financial News

That cybersecurity and its failures can impact large parts of the world was evident on Friday, when Microsoft’s Azure outage—reported to be on account of CrowdStrike, Azure’s first line of cyber defence—left large numbers of computer users staring at blue screens that did not budge, preventing work. It brought airlines, media houses and banks (among others) to their knees in diverse markets, including India. So crucial is cybersecurity now in the tech world that Google’s parent Alphabet wants to acquire Wiz, a cybersecurity startup, as New York Times reported, even if that exposes it to antitrust scrutiny from regulators worldwide.

listeria outbreak possibly linked to deli meat has killed two and sickened 28 people in several states including New York and New Jersey, as per a report on ABC News. Two deceased individuals are from New Jersey and Illinois. Twenty eight people have been hospitalized, ABC reported quoting the federal health agency. New York has reported the most number of cases. Second on the list is Maryland. Cases have been detected in Wisconsin, Illinois, Virginia, Georgia, Pennsylvania, Massachusetts, North Carolina, Minnesota, New Jersey, and Missouri.

Democrats that Joe Biden’s presidential nomination may only lead to a massive defeat of the party in the upcoming presidential election in November. While it was earlier clear among the Democrats that Vice-President Kamala Harris is the best candidate to replace Biden on the ballot box, there are doubts being cast now. Representative Alexandria Ocasio Cortez has sounded a warning that Democrats who are seeking Biden’s ouster also want Harris to leave. The Congresswomen representing the state of New York made these comments on Friday in an Instagram live session. She even pointed out that Biden had secured a grand victory during the party’s primaries and this transition to Harris may be difficult.

Meanwhile, her son David, who moved out of her mother's mansion, and away from the immense wealth, has revealed how tough it is to make ends meet in New York. According to a Daily Express US report, David is currently residing in an apartment located in New York's Bronx, and is attempting to make a name for himself and become financially sufficient. This is a bold move coming from the son of a cash-rich mega music star, as embracing an independent lifestyle is quite unheard of in such situations.

Retired Trump Organization executive Allen Weisselberg has been released from jail in New York City after serving a sentence for lying under oath

Lisa del Giocondo, the inspiration for Leonardo da Vinci's «Mona Lisa,» is currently for sale. Situated in the Italian municipality of Scandicci, west of Florence, this 700-year-old mansion is significant both historically and architecturally. The iconic artwork of his wife was commissioned by Francesco del Giocondo, who owned the house. Since the late 1700s, this piece of art has been the main attraction at the Paris Louvre, as per the reports of the New York Post.

Much of the world faced online disarray Friday as a widespread technology outage affected companies and services across industries — grounding flights, knocking banks and hospital systems offline and media outlets off air

Amazon says it had its best Prime Day sales event ever this week

U.S. stocks are slipping, as businesses around the world scramble to contain the effects of a disruptive technology outage

Some 3.3 million steam cleaners are being recalled across North America due to a burn hazard that has resulted in consumers reporting more than 150 injuries

Transit workers around the country are managing their fear and anxiety over a rise in violent crime on subways and buses

Tucker Carlson was back on Fox News Channel airwaves Thursday

American Express said Friday second-quarter profits jumped 39% as the credit card company benefitted again from a broad increase in cardmember spending as well as more of its customers carrying a balance

Wipro's American Depository Receipts (ADRs) fell nearly 12% on Friday to hit the day's low of $6.08 on the New York Stock Exchange after the company reported a 4% decline in its June quarter revenue at Rs 21,964 crore over Rs 22,831 crore reported in the year-ago period. It was also below Street's estimates of Rs 22,258 crore. The IT major reported a consolidated net profit of Rs 3,003 crore (attributable to the equity holders) for the quarter ended June 30, 2024, up by 4.6% over Rs 2,870 crore reported by the company in the year-ago period. Wipro's PAT figure was above Street’s estimates of Rs 2,993 crore.

Computer systems failed across the globe on Friday, taking down services at airlines, banks and the London Stock Exchange after a widely used cybersecurity program crashed and Microsoft Corp. separately reported problems with its cloud services. 

Anatoly Legkodymov, the Russian founder of Hong Kong-registered crypto exchange Bitzlato, has been spared further jail time after his exchange processed over $700 million in illicit proceeds from the Russian dark web.

US President Joe Biden is expected to make a major announcement on his re-election bid, with several senior Democratic leaders suggesting that he leave the race following his disastrous debate performance, a failed assassination attempt on his rival Donald Trump, his poor health, and falling poll numbers, according to media reports. «Several people close to President Biden said on Thursday that they believe he has begun to accept the idea that he may not be able to win in November and may have to drop out of the race, bowing to the growing demands of many anxious members of his party,» The New York Times reported. Biden, 81, is spending time at his Delaware residence in isolation after he was tested positive for COVID-19. Media reports said that top leaders of the Democratic party, including former president Barack Obama, former House Speaker Nancy Pelosi, and Senate Majority Leader Chuck Schumer, have asked him to leave the presidential race, in the absence of which the party risks losing the White House, the Senate and the House of Representatives. «People close to top Democrats said Thursday that it now appeared it was a matter of when-not if-Biden bows out of the presidential race. In the past day or so, former President Barack Obama has told friends who have called him that Biden's path to victory is narrow, according to people familiar with the calls,» The NYT report said.

Mata Hari of her kind, but different in many other ways too. Sue Mi Terry, a native of Seoul South Korea, who now lives in Manhattan, used her position as a respected foreign policy expert and extracted or stole vital information. She spent more than a decade working as a secret South Korean agent and stole many information on many projects. But contrary to Mata Hari, the German spy during World War I, Sue Mi Terry, received luxury handbags, designer duds and meals at Michelin-starred restaurants.

Cristiano Ronaldo knows how to spend his money in the most lavish and headline-friendly ways. Now, Ronaldo is spending heavily on his new Lisbon mansion that is projected to become the costliest residence ever in the whole of Portugal, says a New York Post report.

William J. Stellmach, former head of the US Department of Justice's Fraud Section who now works at New York-headquartered law firm Willkie Farr & Gallagher LLP. He is a partner at the firm's Washington office and leads its global investigations practice, often advising and defending companies featured in short seller reports.

US Presidential Election 2024 and his running mate, pressure is increasingly piling on Joe Biden to step aside and allow someone else to take Republican contender Donald Trump. In a survey held recently, about two-thirds of Democrats have said that the incumbent president should withdraw from the presidential election. It is against Biden's post-debate claim that 'average Democrats' are with him though some 'big names' are turning on him.