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Goldman Sachs

Business
Goldman Sachs To Fire Over 1,300 Workers, Report Says Goldman Sachs To Fire Over 1,300 Workers, Report Says
Goldman Sachs To Fire Over 1,300 Workers, Report Says New York City-based multinational investment bank and financial services company Goldman Sachs plans to lay off over 1,300 employees, according to a report by The Wall Street Journal. The move is part of an annual review process that culls low performers, the report said, noting the numbers of those getting fired may wind up being as high as 1,800 out of the company's global workforce of around 45,000. The layoffs have already started and will continue through the fall, according to the report. Click here to read the complete Wall Street Journal report.

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by Joe Lombardi
Business
Dow Drops 1,000 Points: US Stock Market In Free Fall, Wiping Away Trillions In Capital Dow Drops 1,000 Points: US Stock Market In Free Fall, Wiping Away Trillions In Capital
Dow Drops 1,000 Points: US Stock Market In Free Fall, Wiping Away Trillions In Capital Investors hoping the major dip in the stock market last week was just a blip were greeted with even more losses on Monday, Aug. 5, as fears of a recession and global turmoil sent stocks tumbling. The Dow Jones Industrial Average fell 1,200 points at one point but closed 1,000 down. The S&P 500 dropped more than 3 percent and the Nasdaq fell 3.4 percent.  The massive sell-off began on Friday after a US jobs report showed that employer hiring in July had slowed more than analysts had predicted. Investors were already on edge over fears the US Federal Reserve had left interest ra…

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by Josh Lanier
Politics
George Santos Lied In Court To Help 'Family Friend' Who Made Fraudulent Credit Cards: Report George Santos Lied In Court To Help 'Family Friend' Who Made Fraudulent Credit Cards: Report
George Santos Lied In Court To Help 'Family Friend' Who Made Fraudulent Credit Cards: Report Embattled New York Congressman George Santos once lied in a Seattle courtroom to help a Brazilian man who admitted to making fraudulent credit cards, Politico reports.  While testifying under oath in King County Superior Court in Washington State in 2017, the now Republican lawmaker told the judge that the defendant, Gustavo Trelha, was an old family friend who knew his parents, and that he would help the man get an Airbnb while he was out on bail, according to the outlet. Related Report: 'I've Been A Terrible Liar,' George Santos Admits After He 'Got Away With It' In 2020 Santos, whose 3…

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by Michael Mashburn
Politics
NY Rep. George Santos: 'I Would've Never Gotten Nomination' Without Lying About Education NY Rep. George Santos: 'I Would've Never Gotten Nomination' Without Lying About Education
NY Rep. George Santos: 'I Would've Never Gotten Nomination' Without Lying About Education New York Rep. George Santos finally came clean about why he lied on the campaign trail in a brand-new interview. The freshman Republican lawmaker, who represents the 3rd District in Nassau County and parts of Queens, told Newsmax in the interview that aired Thursday night, Feb. 9 that his campaign victory would not have been possible if he had been honest about not having a college degree. "I would have never gotten the nomination from Nassau County GOP if I had not concluded college," Santos told Newsmax. "To say that I deceived, and (ran) a campaign of deception is just not fair. That'…

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by Michael Mashburn
News
Fairfield County Financier's Fatal Fall Came Week After Facing Pair Of Criminal Charges Fairfield County Financier's Fatal Fall Came Week After Facing Pair Of Criminal Charges
Fairfield County Financier's Fatal Fall Came Week After Facing Pair Of Criminal Charges A Connecticut investment banker who plunged to his death from a rooftop bar in Manhattan was facing two misdemeanor criminal charges tied to a domestic incident. Fairfield County resident Dale L. Cheney, age 46, of New Canaan, jumped from Bar 54 at the Hyatt Centric Times Square New York at 135 West 45th St. in Manhattan on Wednesday, Jan. 25 around 6:30 p.m., according to the New York City Police.  On Friday, Jan. 27, the New York City Office of the Chief Medical Examiner ruled Cheney's death a suicide. Days earlier, on Monday, Jan. 16, Cheney was arrested by New Canaan Police o…

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by Kathy Reakes
News
New Details Emerge After Investment Banker From Fairfield County Jumps To Death New Details Emerge After Investment Banker From Fairfield County Jumps To Death
New Details Emerge After Investment Banker From Fairfield County Jumps To Death A Connecticut father of three who jumped to his death from a rooftop bar in New York City had filed for divorce the day before his deadly leap. Fairfield County resident Dale L. Cheney, of New Canaan, jumped from Bar 54 at the Hyatt Centric Times Square New York at 135 West 45th St. in Manhattan on Wednesday, Jan. 25 around 6:30 p.m. New York City Police officials said officers found the 46-year-old founder of a private investment fund unconscious and unresponsive.  EMS responded and pronounced Cheney dead at the scene, NYPD said. "Preliminarily, the deceased does not …

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by Kathy Reakes
News
Fairfield County Father Of 3 Falls To Death From NYC Rooftop Bar, Report Says Fairfield County Father Of 3 Falls To Death From NYC Rooftop Bar, Report Says
Fairfield County Father Of 3 Falls To Death From NYC Rooftop Bar, Report Says Click here for an updated story: New Details Emerge After Investment Banker From New Canaan Jumps To Death A man who fell to his death from a rooftop bar in New York City has been identified as the founder of a private investment fund and father of three from Connecticut, according to a report by the New York Post.  Fairfield County resident Dale L. Cheney, of New Canaan who founded Darien-based T-street Capital in 2013, fell from Bar 54 at the Hyatt Centric Times Square New York at 135 West 45th St. in Manhattan on Wednesday, Jan. 25 around 6:30 p.m. He landed on the street and was pronou…

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by Ben Crnic
Politics
NY Rep. Santos Hid Donation Sources, Spent Campaign Cash On Personal Expenses: Complaint NY Rep. Santos Hid Donation Sources, Spent Campaign Cash On Personal Expenses: Complaint
NY Rep. Santos Hid Donation Sources, Spent Campaign Cash On Personal Expenses: Complaint New York Congressman George Santos - already the subject of local, state, federal, and international investigations after admitting that he lied about his background on the campaign trail - is now facing a formal ethics complaint filed with the Federal Election Commission (FEC), CBS News reports.  A civil complaint filed Monday, Jan. 9, by the nonprofit Campaign Legal Center accuses Santos, a Republican representing the 3rd District on Long Island’s North Shore and parts of Queens, of illegally using campaign funds for personal expenses, according to the outlet. The complaint also accu…

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by Michael Mashburn
Politics
Persona Non Grata: Embattled NY Rep-Elect Santos Endures Lonely First Days In Congress Persona Non Grata: Embattled NY Rep-Elect Santos Endures Lonely First Days In Congress
Persona Non Grata: Embattled NY Rep-Elect Santos Endures Lonely First Days In Congress Embattled New York Congressman-elect George Santos received a less than warm welcome from colleagues during his first week on Capitol Hill. Pictures and video on social media show the Republican politician, who represents the 3rd District on Long Island’s North Shore and parts of Queens, sitting alone in the House chamber during the repeated rounds of voting to elect a speaker. Previous Report: Pants On Fire: DA Launches Probe Into Nassau Congressman-Elect Who Lied About Past, Report Says It was clear right from the start of the 118th Congress that Santos had become a social pariah after …

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by Michael Mashburn
Politics
Incoming NY Rep. Santos Used Made-Up Name For Pet Charity's Online Fundraiser, Report Says Incoming NY Rep. Santos Used Made-Up Name For Pet Charity's Online Fundraiser, Report Says
Incoming NY Rep. Santos Used Made-Up Name For Pet Charity's Online Fundraiser, Report Says New York’s embattled incoming Congressman George Santos is facing new accusations that he lied about his background while on the campaign trail. The Republican, set to represent the state’s 3rd Congressional District on Long Island’s North Shore, and parts of Queens, appears to have used the alias “Anthony Zabrovsky” for a pet charity on a GoFundMe campaign that has since been deleted, The Hill reports.  Earlier Report: Pants On Fire: DA Launches Probe Into Nassau Congressman-Elect Who Lied About Past, Report Says Santos previously claimed that his mother’s family’s historical Jewish name…

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by Michael Mashburn
News
Pants On Fire: DA Launches Probe Into NY Congressman-Elect Who Lied About Past, Report Says Pants On Fire: DA Launches Probe Into NY Congressman-Elect Who Lied About Past, Report Says
Pants On Fire: DA Launches Probe Into NY Congressman-Elect Who Lied About Past, Report Says Incoming New York Congressman George Santos is now at the center of a potential criminal investigation after admitting that he lied about his background on the campaign trail, NBC New York reports.  Nassau County District Attorney Anne Donnelly revealed Wednesday, Dec. 28, that her office is investigating the Republican politician following his admission that he “embellished” his resume and lied about graduating from college, the outlet reports. Earlier Report: NY Congressman-Elect May Have Lied About Key Parts Of Resume, Report Says “The numerous fabrications and inconsistencies associat…

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by Michael Mashburn
Politics
Incoming NY Congressman Accused Of Fabricating Background To Address Questions 'Next Week' Incoming NY Congressman Accused Of Fabricating Background To Address Questions 'Next Week'
Incoming NY Congressman Accused Of Fabricating Background To Address Questions 'Next Week' Incoming New York Congressman George Santos will wait until after Christmas to address accusations that he duped voters into backing him by fabricating major parts of his resume. Santos, a Republican set to represent the state’s 3rd District on Long Island’s North Shore and parts of Queens beginning in January 2023, addressed the controversy in a post on Twitter Thursday, Dec. 22. Earlier Report: NY Congressman-Elect May Have Lied About Key Parts Of Resume, Report Says “To the people of #NY03 I have my story to tell and it will be told next week,” Santos said. “I want to assure everyon…

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by Michael Mashburn
Politics
NY Congressman-Elect May Have Lied About Key Parts Of Resume, Report Says NY Congressman-Elect May Have Lied About Key Parts Of Resume, Report Says
NY Congressman-Elect May Have Lied About Key Parts Of Resume, Report Says A newly-elected Congressman from New York appears to have duped voters into backing him by lying about major parts of his resume, the New York Times reports.  Republican George Santos, who is set to represent the state’s 3rd Congressional District on Long Island’s North Shore and parts of Queens beginning in January 2023, may have lied about working as a “seasoned Wall Street financier and investor,” according to the outlet. Citigroup and Goldman Sachs, where Santos previously claimed to have worked, have no record of him, the New York Times reports. His supposed alma maters, Baruch Colleg…

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by Michael Mashburn
Politics
Westchester GOP Businessman Harry Wilson Announces Run For NY Governor Westchester GOP Businessman Harry Wilson Announces Run For NY Governor
Westchester GOP Businessman Harry Wilson Announces Run For NY Governor A millionaire GOP businessman from the Hudson Valley has thrown his hat into the 2022 gubernatorial ring and announced that he will be challenging for incumbent Democratic Gov. Kathy Hochul’s seat in Albany. Westchester resident Harry Wilson, age 50, of Scarsdale, announced on Tuesday, Feb. 22 that he plans to make a gubernatorial run “to turn around New York.” "I'm running for governor to turn around New York," he announced. "Our state is totally broken. Rising crime, sky-high taxes, closed schools, corrupt politicians. 
“I’ve spent my career turning around failing organizations. Let’s g…

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by Zak Failla
News
COVID-19: Here's When Fourth Shot May Be Needed, Moderna CEO Says COVID-19: Here's When Fourth Shot May Be Needed, Moderna CEO Says
Covid-19: Here's When Fourth Shot May Be Needed, Moderna CEO Says The chief executive officer of Moderna has gone on record saying when another round of COVID-19 vaccine booster shots could be required. Moderna CEO Stephane Bancel said this week that due to the efficacy of the vaccine potentially waning over time, a fourth booster could be required before the fall of 2022. Bancel made the proclamation at a Goldman-Sachs-organized healthcare conference, noting that his company is working on a booster shot dedicated to combating the Omicron variant of the virus, which will likely be made available within the next two months. According to recent studies, bo…

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by Zak Failla
News
Details Emerge After Construction Magnate, Wife Allegedly Shot By Son At Long Island Mansion Details Emerge After Construction Magnate, Wife Allegedly Shot By Son At Long Island Mansion
Details Emerge After Construction Magnate, Wife Allegedly Shot By Son At Long Island Mansion New details have emerged after the son of a Long Island construction magnate and his wife has been arrested after allegedly shooting the couple inside their 8,751-square foot, $3.2-million Long Island mansion on Christmas Day. Dino Tomassetti, age 29, of Maspeth Avenue in Brooklyn, was arrested late Saturday, Dec. 25, by New York State Police, said the Nassau County Police.  Police said early Monday, Dec. 27, that no charges have been filed in the attempted murder of his parents, Rocco Tomassetti, age 65, and 64-year-old Vinceta Marsicano-Tomassetti inside their Hewlett Harbor mansion abou…

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by Kathy Reakes
Police & Fire
Sources: Long Island Man Who Shot Parents On Christmas Day Taken Into Custody Sources: Long Island Man Who Shot Parents On Christmas Day Taken Into Custody
Sources: Long Island Man Who Shot Parents On Christmas Day Taken Into Custody A Long Island man accused of shooting his parents on Christmas morning was captured hours later in Mahwah, New Jersey. Dino Tomassetti, a 29-year-old bodybuilder recently of the East Williamsburg section of Brooklyn, remained held Sunday in the Bergen County Jail on a detainer out of Nassau County. His parents, Rocco Tomassetti, 65, and Vincenza Marsicano-Tomassetti, 64, required surgery following the double shooting shortly after 10 a.m. on Seawane Drive in the village of Hewlett Harbor on the island's South Shore, law enforcement sources told Daily Voice. Their son fled in a Cadillac Es…

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by Jerry DeMarco
Lifestyle
Former HS Quarterback In Westchester Appears On ABC's 'Shark Tank' Former HS Quarterback In Westchester Appears On ABC's 'Shark Tank'
Former HS Quarterback In Westchester Appears On ABC's 'Shark Tank' Ever need to be at two places at once? Or there's a meeting you just don't want to attend. A  23-year-old Westchester native where he was high school quarterback has the answer with his new app, aptly titled "Beulr," that allows you to do just that by using a "bot" to attend that meeting for you. The best part? You can watch Peter Solimine pitch his app for some cash on the Friday, Nov. 5 episode of "Shark Tank" on ABC at 8 p.m. On the popular show, Solimine will be pitching Beulr, which is an app that was originally built to skip early morning classes. Hence, the name. He became involve…

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by Kathy Reakes
Business
COVID-19: Some Popular Household Items Will Soon Cost More Due To Supply Issues COVID-19: Some Popular Household Items Will Soon Cost More Due To Supply Issues
Covid-19: Some Popular Household Items Will Soon Cost More Due To Supply Issues Some prominent household items are going to cost consumers more as companies prepare for potential strains on supplies due to a potential second COVID-19 wave. Proctor & Gamble became the latest company to announce that it plans to hike prices between 4 percent and 9 percent on items that include baby products, adult diapers, and feminine care brands beginning in September. Other items, such as Tide laundry detergent and Charmin toilet paper, may also become more expensive, depending on how the country rebounds from the latest surge of the virus. According to Proctor & Gamble CEO J…

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by Zak Failla
Police & Fire
Don Jr. Leaves NY As City Cancels Trump Organization Contracts, PGA, Corporate America Cut Ties Don Jr. Leaves NY As City Cancels Trump Organization Contracts, PGA, Corporate America Cut Ties
Don Jr. Leaves NY As City Cancels Trump Organization Contracts, PGA, Corporate America Cut Ties Donald Trump Jr. has become the latest member of the First Family to flee New York amid more fallout tied to the circumstances surrounding his father's unprecedented second impeachment. According to reports, Trump Jr. is following in the footsteps of his sister, Ivanka, who already left New York to establish residence in Florida. The move comes as the PGA moved the 2022 championship from the Trump golf course in Bedminister, New Jersey, and corporate America began severing all ties with the much-maligned president. Reports stated that Trump Jr. is looking at homes in Jupiter, Florida, less…

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by Zak Failla
News
COVID-19: Goldman Sachs Eyes Move To Florida In Latest Business Blow To NY Amid Pandemic COVID-19: Goldman Sachs Eyes Move To Florida In Latest Business Blow To NY Amid Pandemic
Covid-19: Goldman Sachs Eyes Move To Florida In Latest Business Blow To NY Amid Pandemic Goldman Sachs may be the latest New Yorker to head for sunnier pastures down in Florida. The financial heavyweight reportedly has plans to set up one of its key divisions in Florida, dealing a financial blow to New York as it continues contending and combating the COVID-19 pandemic. According to reports, executives have been eyeing locations in south Florida to potentially house their asset management division in an effort to cut costs and save money by getting out of the Empire State. It is unclear how much of the business, which generates billions in New York, may move. “With all due r…

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by Zak Failla
Lifestyle
Another Giant Clothier Falls: These NJ, NY, CT Brooks Brothers Stores Are Closed For Good Another Giant Clothier Falls: These NJ, NY, CT Brooks Brothers Stores Are Closed For Good
Another Giant Clothier Falls: These NJ, NY, CT Brooks Brothers Stores Are Closed For Good It was the clothier that dressed 40 presidents, brought us the button-down polo shirt and survived not only the Great Depression and two world wars but also casual Fridays. But like so many other traditional retailers, Brooks Brothers was no match for the coronavirus. The 202-year-old company – considered America's oldest apparel seller -- on Wednesday filed for bankruptcy protection while announcing that 38 stores that it closed amid the COVID-19 pandemic weren't reopening. The shuttered stores in New Jersey, New York and Connecticut include: The Shops at Riverside, Hackensack; 2381…

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by Jerry DeMarco
Real Estate
'Mooch' Makes Move In Manhasset: Scaramucci Purchases New $3M Mansion 'Mooch' Makes Move In Manhasset: Scaramucci Purchases New $3M Mansion
'Mooch' Makes Move In Manhasset: Scaramucci Purchases New $3M Mansion “The Mooch” is making a move to a new multi-million dollar Manhasset mansion. Anthony Scaramucci, the former White House communications director, has purchased a Cape Cod-style home in Manhasset for $3.05 million after reportedly telling Vanity Fair that he’s "not gonna be this gold chain-adorned guy driving around as a Long Island guido.” According to realtor.com, the home first came on the market for $4.15 million last year and was still available a year later, listed for approximately $3.30 million before Scaramucci and his wife, who already owned a home in Manhasset, scooped it up. Sca…

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by Zak Failla