New York Financial News

Top crypto industry leaders reportedly met with a senior White House official in Washington on Wednesday where they discussed their concerns about the Biden administration’s stricter crypto regulations and explored ways to improve their relationship.

Stocks that are trading heavily or have substantial price changes on Wednesday: Goodyear, Smart Global rise; LegalZoom, falls

Three meetings a day? Luxury!  Any sell-side analyst or capital markets roadshow banker might be permitted to raise an eyebrow at the news that HSBC employees have been reminded at a company town hall meeting that it’s policy to ensure that you have at least three meetings per day to justify the travel costs.  Back in the old days at UBS under Andrea Orcel , bankers were expected to log 300 meetings every year.  Who goes travelling for only one or two client meetings?

The ownership group that controls the NBA champion Boston Celtics says it intends to sell all its shares of the team

NEW YORK — JPMorgan Chase Co.‘s profits jumped sharply in the second quarter as the bank cashed in billions of dollars of its holdings in Visa Inc. But the bank’s results were also helped by higher interest rates, as well as consumers who seemed to still want to spend, despite geopolitical and economic uncertainties.

Delta Air Lines has struck a deal with a start-up airline to operate flights between the United States and Saudi Arabia

Venezuela’s recent crackdown on crypto is unlikely to dent enthusiasm for tokens, with data showing people in the nation remitted $461 million worth of coins in 2023.

Four of the past five Stanley Cup champions are based in a place with no state income tax, and the flood of talent to those locales continued in NHL free agency

Michelle Obama not interested in throwing her hat into the ring in the 2024 US Presidential Election? Does she not care for the Democratic Party, which is in deep crisis and divided over the issue of the nominee for the November 5 election? Keeping herself away from the chaos and mayhem into which the party has found itself after the June 27 presidential debate, the former first lady was seen enjoying herself at a party in Mallorca. According to 'New York Post', Michelle was spotted chilling, relaxing, sipping water and talking to ex-Google CEO Eric Schmidt and other guests at a party at the villa of James Costos, former President Barack Obama’s onetime ambassador to Spain and Andorra. Back home, many Democrat lawmakers wrote to Joe Biden to step aside after his dismal performance at the debate where he fumbled, struggled to find words and failed to hit back at Republican contender Donald Trump.

President Joe Biden had ample time to prepare for the first presidential debate. According to the New York Times, the preparations were not taken seriously by the President who did not begin before 11am. He also had time for an afternoon nap. This was different from the strategy followed by his predecessor Barack Obama in 2012. Many observers noticed certain shortcomings during the president’s debate and were curious to know about his preparations for this important event. It has been reported that the preparations were cut short by two days after the president was exhausted. He had a hectic travel schedule to France and Italy before the debate.

Joe Biden to pull out of the race for the White House, Hollywood donors are angry at director Jeffrey Katzenberg for his 'agewashing', reports New York Post'. They have accused Katzenberg, who was named a campaign co-chair, of misleading them by downplaying Biden’s age-related decline. They are also upset that the movie mogul failed to sound the alarm in time to allow the Democrats to pick a suitable replacement. On the other hand, Biden has rejected the calls to withdraw and said that he would defeat Republican contender Donald Trump. Hollywood furious Quoting unnamed sources, 'The Ankler' has reported that everyone in town is furious with him. Katzenberg has insisted that Joe Biden is “fine” even though there were apparent signs of cognitive decline that became apparent during last week’s presidential debate. According to the 'Financial Times', Katzenberg had his famous quote for everybody, which was ‘I’m happy to put you in a room with him and you’ll see for yourself.’ But nobody did it.”

A federal judge overseeing a drawn-out debt-restructuring process for Puerto Rico’s power company has ordered all parties to mediation

U.S. stocks are ticking toward more records after a report on the job market bolstered hopes that interest rates will soon get easier

The August theatrical release for the second chapter of Kevin Costner’s ambitious Western epic “Horizon: An American Saga” has been canceled after the first film fizzled in theaters

U.S. stocks are moving higher, sending Wall Street toward more records

presidential immunity and said that it is a "dangerous precedent", adding that the president is now a king above the law. The US Supreme Court on Monday ruled that former President Donald Trump is entitled to have substantial immunity from prosecution on charges of plotting to subvert the 2020 election, The New York Times reported. Calling it a «terrible disservice» to the Americans, President Biden said that the US was founded on the principle that there are no kings in America.

George Clooney, an actor and die-hard Democrat, recently wrote an opinion article in 'The New York Times' advising President Joe Biden to drop out of the 2024 Presidential Election. Renowned political activist Clooney expressed apprehension over Biden's latest debate performance and its consequences for the Democratic Party's chances in November, as per the reports of 'Yahoo News'.

Stocks are wavering on Wall Street and hovering around the record highs they set last week

US Democratic party are reported to have given a two-week grace period to Biden to improve his approval rating on the various national surveys. This comes in wake of what many are considering to be a disastrous performance by Biden in the last presidential debate. Many donors indicated that it will be tough for them to stomach Biden’s falling numbers and possible loss in the presidential election. Biden seem to be confident of his chances and has refused to step down from the contest against Trump. The donors have asked Biden to take action and fix the falling survey numbers, according to the New York Post.

The parent company of Saks Fifth Avenue has signed a deal to buy upscale rival Neiman Marcus Group, which owns Neiman Marcus and Bergdorf Goodman stores, for $2.65 billion, with online behemoth Amazon holding a minority stake

House Republicans have approved two bills rolling back Energy Department efficiency standards for home refrigerators and dishwashers