New York Financial News

Did the media covering President Biden miss a story that was right in front of them

Islamic terrorism when its two iconic towers of World Trade Center were targeted in 9/11 attack and more than three thousand innocent and unarmed civilians were killed in one single day, the danger of Islamic terrorism can be be understood. According to the 'New York Post', Islamic terror group ISIS has succeeded in smuggling hundreds of its hardcore members into the US and Department of Homeland Security has identified 400 of them. It has also reported that 90 suspected terrorists were stopped and nabbed at the Southern Border, but no one knows the whereabout of at least 50 suspects.

A Delta flight from Detroit to Amsterdam was diverted to New York’s Kennedy Airport after passengers were served spoiled food

A fresh war of words between the short seller — Hindenburg Research — and India’s markets regulator has thrown up an intriguing cast of characters behind the scathing report and related bets against the Adani Group that wiped out as much as $153 billion in market value last year.

CNN, two radio presenters who got an opportunity to interview US President Joe Biden expressed their surprise that the president could not answer even questions that were pre-approved by his team. The president had the questions given to him before the interview and yet he could not answer coherently. This just adds to a growing number of media reports that have suggested a ‘cognitive decline’ in the US President. A Philadelphia radio show host said that Biden’s team had fed her questions before the interview. She said that the president made certain bizarre claims during the interview. This has been reported by the New York Post.

Chicken Soup for the Soul Entertainment, the parent of DVD rental operator Redbox, has filed for Chapter 11 bankruptcy protection

Arbitration has been struggling to take off in India since the first Arbitration and Conciliation Act, 1996. This is worrisome. From PM to vice-president, many have argued for a sound institutional arbitration process. Law minister Arjun Ram Meghwal recently even wondered why India can't become the hub for arbitration in the Asia-Pacific region. As efforts are made to ensure its take- off, a recent finance ministry notification has the potential to nix the Act. It prohibits automatic arbitration clauses in any procurement and requires that even if one is incorporated, it be for less than ₹10 cr. The primary reason behind this is GoI's unsatisfactory experience in arbitration. The alternative prescribed is mediation or the courts, whose track record in timely disposal is poor. Most contracts come with an arbitration clause because it is quick, and the awards are final. It is the choice for businesses not only in India but all over the world.

Rent inflation remains a pressure point for small businesses

Vladimir Putin said that he may be forced to use nuclear weapons if the existence of his country is threatened, the specter of nuclear war has been haunting the US. It has increased with escalating the Russia- Ukraine War and mounting China-US pressure over Taiwan and the South China Sea. Amid these disturbing scenarios, a map has been released showing the potential targets in the US if a nuke war gets triggered. As many as 90 cities have found a place in the map, that may disturb not only their residents but also defense experts and the military.

Experts have hinted that the best time to invest in cryptos is in their early stages. In 2020, a New York software engineer invested $1,000 in Solana at $0.40 per token, reaping $625,000 by November 2021 following Solana’s surge in value.

Shah Rukh Khan and his daughter Suhana Khan are currently in New York City for pre-production work on their upcoming action-thriller, "King." Recently, an Indian man spotted the duo at a New Balance store, and his encounter has sparked a wave of reactions online. An Indian content creator known as Bunty Bhaiya on Instagram shared a video of Shah Rukh and Suhana browsing through the store. In his video, he said, “I am at a New Balance store in New York where Shah Rukh Khan sir and Suhana have come.” The clip shows the Bollywood superstar and his daughter walking around the store and trying on shoes. The short video quickly went viral, garnering over a million views and more than 27,000 likes within 24 hours.

If you watched President Joe Biden's news conference, two weeks after a poor debate performance, you may have been reassured by his ability to talk about complex issues

Our best friendships can withstand everything. Except, maybe, a surprise Venmo request.

Hunter Biden has sued Fox News accusing the American news outlet of unlawfully publishing explicit images of him as part of a series. President Joe Biden's son has filed the lawsuit in state court in Manhattan. The bone of contention here is the images that were used in «The Trial of Hunter Biden». The show was released on the streaming service Fox Nation in 2022. The lawsuit claims the dissemination of intimate images without his consent violated New York's so-called revenge porn law.

Stocks that traded heavily or had substantial price changes on Wednesday: Quest Diagnostics, Southwest Airlines rise; Simulations Plus falls

Kamala Harris as a potential replacement. She has remained mum on this issue and has fully extended her support to Joe Biden. The New York Times has reported that the VP is actively considering the prospects of gunning for the top position and is also discussing the possible names of those who can be her running mate and who will contest the Vice-Presidential election. The candidate will have to be white man from a swing state who can help the party garner the required votes.

Signs of consumers slowing down spending and falling behind on their bills weighed down shares of the big banks on Friday

The U.S. government’s auto safety agency is investigating a potential “loss of motive power” in more than 94,000 Jeep Wrangler 4xe vehicles, after receiving complaints for cars outside the scope of an earlier recall involving an engine shutdown conditi...

New York’s oldest and most storied bank has named the next leader for its global wealth and investments business.

Stocks that are trading heavily or have substantial price changes on Monday:

Hedge fund Segantii Capital Management is winding down. Bloomberg reported last month that it's already returned a third of its assets under management to investors and that it plans to return the rest by October. Staff are being let go. Some are already turning up elsewhere.