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Finance

After Zohran Call Out, Billionaire Ken Griffin ‘Doubles Down’ On Miami Over NYC After Zohran Call Out, Billionaire Ken Griffin ‘Doubles Down’ On Miami Over NYC
After Zohran Call Out, Billionaire Ken Griffin ‘Doubles Down’ On Miami Over NYC Billionaire hedge fund CEO Ken Griffin is planning to move more of his business to Miami instead of New York after NYC Mayor Zohran Mamdani name-checked him in a video about taxing the rich. Griffin, CEO of Citadel LLC, was already splitting operations between the two cities but is now planning more aggressive expansion in Florida, Bloomberg reported Tuesday, May 5. He told the business outlet that Citadel was planning to “double down on our bet in Miami” and expand office building plans after “the mayor of New York…made clear to my partners” it was the right direction. Griffin initially s…
You Can Now Trade NFL, College Football Games Like Stocks: Here's How You Can Now Trade NFL, College Football Games Like Stocks: Here's How
You Can Now Trade NFL, College Football Games Like Stocks: Here's How You can soon trade the outcomes of NFL and college football games like they're stocks. Robinhood is rolling out professional and college football prediction markets on its app, the financial services company announced on Tuesday, Aug. 19. Customers can now trade on outcomes for all regular-season NFL matchups, as well as top college games. The Prediction Markets Hub will allow users the chance to trade contracts tied to the outcomes of every pro game and matchups across Power 4 schools and Football Bowl Subdivision (FBS) independents. "Football is far and away the most …
Medical Debt Returning To Americans' Credit Reports After Judge Reverses Biden-Era Rule Medical Debt Returning To Americans' Credit Reports After Judge Reverses Biden-Era Rule
Medical Debt Returning To Americans' Credit Reports After Judge Reverses Biden-Era Rule A federal judge in Texas has overturned a Biden-era rule that removed medical debt from Americans' credit reports. Judge Sean Jordan scrapped the regulation in a ruling on Friday, July 11. The Consumer Financial Protection Bureau finalized the rule on Tuesday, Jan. 7, about two weeks before former President Joe Biden left office. The decision came exactly a week after President Donald Trump signed the previously named "One Big Beautiful Bill" into law. Experts warn that the Republican-backed budget reconciliation legislation makes sweeping cuts to Medicare and Medicaid, while incr…
Online Hiring Pioneers CareerBuilder, Monster File For Bankruptcy Online Hiring Pioneers CareerBuilder, Monster File For Bankruptcy
Online Hiring Pioneers CareerBuilder, Monster File For Bankruptcy Once the most recognizable names in online hiring, CareerBuilder and Monster are filing for bankruptcy. CareerBuilder + Monster has entered into Chapter 11 bankruptcy proceedings, the Chicago-based company said in a news release on Tuesday, June 24. The websites were founded in the mid-1990s and merged in September 2024. The company aims to restructure its operations amid several financial issues. "For over 25 years, we have been a proud global leader in helping job seekers and companies connect and empower employment across the globe," said CEO Jeff Furman. "However, like m…
Venmo Upgrades Debit Card, Checkout Options To Compete With Rivals: See What's New Venmo Upgrades Debit Card, Checkout Options To Compete With Rivals: See What's New
Venmo Upgrades Debit Card, Checkout Options To Compete With Rivals: See What's New Venmo is launching a new debit card rewards program and expanding its checkout options as the popular payment platform aims to compete with other similar services. Parent company PayPal announced the upgrades to the Venmo Debit Mastercard and Venmo Checkout service in a news release on Wednesday, June 4. The money-transferring app is used monthly by more than 64 million Americans. Venmo's debit card now offers 15% cash back at major retailers like Lyft, McDonald's, Sephora, Walgreens, and Walmart. Users can activate offers through the Venmo app to earn rewards on purchases both in…
Missing Money? Comptroller Hosting Events To Reunite NYers With Unclaimed Funds Topping $20B Missing Money? Comptroller Hosting Events To Reunite NYers With Unclaimed Funds Topping $20B
Missing Money? Comptroller Hosting Events To Reunite NYers With Unclaimed Funds Topping $20B If you’ve ever lost track of a utility deposit, missed cashing a rebate check, or left a few bucks on a prepaid card, you might have unclaimed funds—and yes, it’s legit. New York State Comptroller Thomas DiNapoli’s office is hosting a series of free Unclaimed Funds Workshops at libraries across the state this June to help residents search for and reclaim their share of over $20 billion in unclaimed funds. You don’t need to bring much—just yourself, a little curiosity, and maybe a list of past addresses. Staff from the Comptroller’s Office of Unclaimed Funds (OUF) will be on hand to help sea…
‘Death To America’ Man Who Tried To Firebomb US Embassy In Tel Aviv Arrested At JFK: DOJ ‘Death To America’ Man Who Tried To Firebomb US Embassy In Tel Aviv Arrested At JFK: DOJ
‘Death To America’ Man Who Tried To Firebomb US Embassy In Tel Aviv Arrested At JFK: DOJ A man who once lived in Colorado is facing federal charges for attempting to firebomb the U.S. Embassy in Tel Aviv and threatening to assassinate President Donald Trump, the U.S. Department of Justice announced on Sunday, May 25. Joseph Neumeyer, 28, a dual U.S.-German citizen, was arrested at John F. Kennedy International Airport after being deported from Israel, according to federal prosecutors in Brooklyn. Molotov Cocktails Outside The Embassy Neumeyer allegedly showed up at the U.S. Embassy’s Tel Aviv branch on Sunday, May 19, with a dark backpack loaded with three Molotov cocktails. Se…
NY Candidate Vanishes While Exercising On Beach, Cops Recover Clothing Left On The Shore NY Candidate Vanishes While Exercising On Beach, Cops Recover Clothing Left On The Shore
NY Candidate Vanishes While Exercising On Beach, Cops Recover Clothing Left On The Shore New details have emerged in the disappearance of an aspiring politician from New York. Petros Krommidas, 29, of Baldwin, was reported missing to Nassau County Police on Thursday, April 24. Krommidas, a Democratic candidate for the Nassau County Legislature’s Fourth District, parked his car near the Allegria Hotel in Long Beach and walked onto the beach to exercise at around 10:30 p.m. Wednesday, April 23, friend Maria Lo shared on Facebook. Police recovered his towel, clothes, and phone on the beach the following morning.  "He has always been in great shape and has many future p…
MIT Star Athlete, Manhattan Medical Student, Boyfriend, And Family Killed In Plane Crash MIT Star Athlete, Manhattan Medical Student, Boyfriend, And Family Killed In Plane Crash
MIT Star Athlete, Manhattan Medical Student, Boyfriend, And Family Killed In Plane Crash A private plane carrying a close-knit family of high-achievers — including a decorated MIT athlete, a rising Manhattan medical student, and her finance-driven boyfriend — crashed in Columbia County, killing all six people aboard, authorities announced. The crash happened around 12:05 p.m. on Saturday, April 12, in a muddy field in Craryville, located in the town of Copake near the Massachusetts border, according to the Federal Aviation Administration. The twin-engine Mitsubishi MU-2B had departed from Westchester County Airport in White Plains and was en route to Columbia County Airport whe…
Hooters Files For Bankruptcy, Joining Wave Of Struggling Restaurant Chains Hooters Files For Bankruptcy, Joining Wave Of Struggling Restaurant Chains
Hooters Files For Bankruptcy, Joining Wave Of Struggling Restaurant Chains Hooters, the restaurant famous for chicken wings and waitresses with skimpy outfits, is the latest national chain to file for bankruptcy. Hooters of America officially announced the Chapter 11 bankruptcy filing in a news release on Monday, Mar. 31. The Atlanta-based company filed for bankruptcy in a Texas federal court as part of a plan to sell off its corporate-owned locations and shift to a franchise-only model. The company said the move comes with "near unanimous support from key stakeholders" and aims to streamline operations while keeping all restaurants open during the restructuring p…
American Express To Pay $230M For Misleading Small Business Customers American Express To Pay $230M For Misleading Small Business Customers
American Express To Pay $230M For Misleading Small Business Customers American Express said it will pay $230 million to resolve federal investigations into deceptive sales tactics and recordkeeping violations involving small business credit card and wire transfer products. The credit card company agreed to pay a $108.7 million civil penalty, the Department of Justice said in a news release on Thursday, Jan. 16. The settlement resolved claims against American Express of deceptive marketing and "dummy" account information. American Express was accused of engaging in unlawful sales tactics and falsifying records between 2014 and 2021. "When financial companies …
Trump Names Ex-SEC Chief To Replace Damian Williams As SDNY's Top Prosecutor Trump Names Ex-SEC Chief To Replace Damian Williams As SDNY's Top Prosecutor
Trump Names Ex-sec Chief To Replace Damian Williams As Sdny's Top Prosecutor President-elect Donald Trump is looking to replace Damian Williams, US Attorney for the Southern District of New York, with a familiar face from his previous administration who hails from Pennsylvania.  Trump announced on Thursday, Nov. 14 that he would nominate Jay Clayton, who has no experience as a criminal prosecutor, to be the next US Attorney for the Southern District of New York.  Clayton, age 58, previously served as Chairman of the US Securities and Exchange Commission from May 2017 to December 2020, a role in which Trump wrote he "did an incredible job." Before that, he…
Former Trump Hater J.D. Vance Selected As Donald Trump's VP Candidate Former Trump Hater J.D. Vance Selected As Donald Trump's VP Candidate
Former Trump Hater J.D. Vance Selected As Donald Trump's VP Candidate Former President Donald Trump unveiled his vice presidential running mate late Monday afternoon, July 15.  US Sen. J.D. Vance of Ohio, age 39, was announced as the pick by Trump on Truth Social just ahead of his appearance at the Republican National Convention in Milwaukee. The post reads as follows: "After lengthy deliberation and thought, and considering the tremendous talents of many others, I have decided that the person best suited to assume the position of Vice President of the United States is Senator J.D. Vance of the Great State of Ohio. J.D. honorably served our Country in the Ma…
$185M Scheme: NY Trio Nabbed For Defrauding 1,400 Investors, Feds Say $185M Scheme: NY Trio Nabbed For Defrauding 1,400 Investors, Feds Say
$185M Scheme: NY Trio Nabbed For Defrauding 1,400 Investors, Feds Say Three New York men have been charged in connection with a $185 million fraud scheme involving over a thousand investors, federal authorities announced. The three are Long Island resident Mario Gogliormella, age 47, of Manhasset; and New York City residents Steven Lacaj, age 27, of Manhattan, and Karim Ibrahim, age 34, of Queens, also known as “Chris Hayes." “By allegedly raising approximately $185 million from over 1,400 investors, Mario Gogliormella, Steven Lacaj, and Karim Ibrahim left a trail of shattered trust and financial ruin," US Attorney for the Southern Distric…
'Smile, Laugh Were Contagious': Businesswoman, Mom From Westchester Dies At 43 'Smile, Laugh Were Contagious': Businesswoman, Mom From Westchester Dies At 43
'Smile, Laugh Were Contagious': Businesswoman, Mom From Westchester Dies At 43 A businesswoman and mother who was a lifelong New York resident has died at the age of 43. Kimberly A. Hallenbeck was born in Westchester, lived in Orange County, and worked on Long Island. Her death, on Tuesday, Jan. 9 at Memorial Sloan Kettering Hospital, came after a two-year battle with cancer, according to her obituary. A resident of the town of Newburgh, she was the daughter of the late Francis J. Hallenbeck III and Elizabeth (Burns) Laurie, who was born on July 1, 1980 in Bronxville. She worked as a loan mortgage originator for Contour Mortgage in Garden City. She had "a smil…
NJ Exec Dies Walking His Dog, Obit Says: 'Treated Clients Like Family' NJ Exec Dies Walking His Dog, Obit Says: 'Treated Clients Like Family'
NJ Exec Dies Walking His Dog, Obit Says: 'Treated Clients Like Family' John McTague, a financial executive from the Jersey Shore, had died at 51 years old, according to his obituary. The online memorial said McTague died while walking his dog on Wednesday, Jan. 10. He was born in Jersey City and grew up on the Jersey Shore in Spring Lake Heights. McTague's LinkedIn page said he was a senior vice president and certified financial planner at Buckman, Buckman & Reid, a brokerage firm in Little Silver. "He treated his clients like family," McTague's obituary said. "Many of whom received daily phone calls from John, not just about finances and invest…
County Finance Commissioner In Hudson Valley Accused Of Stealing Funds County Finance Commissioner In Hudson Valley Accused Of Stealing Funds
County Finance Commissioner In Hudson Valley Accused Of Stealing Funds An investigation is underway after a former commissioner of finance in the Hudson Valley was accused of allegedly stealing funds from a recreation association he oversaw. Ulster County Commissioner of Finance Burt Gulnick,  who also served as treasurer of the Hurley Recreation Association, was removed immediately, according to association officials. "We are deeply saddened by these recent events and we will continue to keep the interests of our members and families first during this transitional time," they added. The association offers recreational opportunities of all kinds for children…
Former All-County HS Athlete, Dedicated Northern Westchester Mom Dies At Age 61 Former All-County HS Athlete, Dedicated Northern Westchester Mom Dies At Age 61
Former All-County HS Athlete, Dedicated Northern Westchester Mom Dies At Age 61 A Northern Westchester woman who died at the age of 61 is being remembered as a celebrated high school athlete and dedicated mother. Jamie Valentino DeRosso, of Yorktown Heights, died peacefully at home on Wednesday, Sept. 14, according to her obituary.  "Jamie emulated strength and grace during her 11 year fight against stage 4 cancer," her obituary reads. "Medical professionals across the state expressed their admiration for her resilience, humor, and positivity." She was born in Manhattan and graduated from Yorktown High School. According to her obituary, she ran track during…
Former Town Supervisor In Hudson Valley Who Was Longtime Designer For IBM Dies Former Town Supervisor In Hudson Valley Who Was Longtime Designer For IBM Dies
Former Town Supervisor In Hudson Valley Who Was Longtime Designer For IBM Dies A former supervisor of a Hudson Valley town who was a longtime mechanical designer for IBM has died. Louis Foscaldi, a resident of Highland, New York, and Vero Beach, Florida, died on Wednesday, July 20 at age 91, according to his obituary.  He was born in the Bronx and was a graduate of DeWitt Clinton High School. Foscaldi served in the United States Marine Corps from 1952 through 1954, his obituary said.  He went on to study mechanical engineering and work at IBM as a mechanical designer until 1991. He was also elected and served two terms as the supervisor of the Town of Llo…
Master The Stock Market With This Under-$30 Investment Training Master The Stock Market With This Under-$30 Investment Training
Master The Stock Market With This Under-$30 Investment Training It’s a common and unfortunate myth that you need to have a fancy and expensive degree in finance in order to make money in the stock market. In fact, some of the world’s most successful investors are self-taught, and there are plenty of ways to see profits regardless of the amount you’re willing to invest. The Wall Street Survival & Stock Trading Guide Bundle will teach you everything you need to know in order to take advantage of all the stock market has to offer, and it’s available today for 98% off at just $29.99. Whether you’re a first-time investor looking to get your feet wet or a…
Here's How Much Your Favorite College Basketball Program Is Worth Here's How Much Your Favorite College Basketball Program Is Worth
Here's How Much Your Favorite College Basketball Program Is Worth Ever wonder how much your favorite men's college basketball program is worth? Newly released rankings provide the answer. Highlights from the annual report, compiled by Ryan Brewer, an associate professor of finance at Indiana University-Purdue Columbus, were published by The Wall Street Journal. The study determined what college teams would be worth if they were sold on the open market like a professional franchise, with the estimates based on “each program’s revenues and expenses with cash-flow adjustments, risk assessments and growth projections.” Kentucky, with a valuation of $33…
New Cars Lose $3,000 Annually From This Single Expense, AAA Says New Cars Lose $3,000 Annually From This Single Expense, AAA Says
New Cars Lose $3,000 Annually From This Single Expense, AAA Says When purchasing a new car, one considers many things: is it reliable? How is the gas mileage? How much does it cost? What will the upkeep be? However, many would-be car buyers are failing to factor in the larges expense associated with purchasing a new ride: depreciation, according to AAA. AAA’s “Your Driving Costs” study found that the largest expense associated with purchasing a new vehicle is depreciation, which accounts for nearly 40 percent of the cost of owning a new car - more than $3,000 a year - and is influenced by a number of factors. “New vehicles offer the latest designs, cutt…
Popular Fairfield County HS Football, Lacrosse Coach Dies At 52 Popular Fairfield County HS Football, Lacrosse Coach Dies At 52
Popular Fairfield County HS Football, Lacrosse Coach Dies At 52 A popular area high school football and lacrosse coach and former Division I college standout died of a heart attack at his home Saturday afternoon. Jason Cooper, wide receivers coach at New Canaan High School, was 52. Cooper was a captain of Duke’s football team in 1987. For the past four years, Cooper served as an assistant coach for both the football and girls lacrosse programs at his alma mater, New Canaan High School. Prior to returning to his hometown, he worked in the finance field in Chicago. A tight end and defensive end, he was an All-FCIAC and All-State selection and team capta…
Wall Street Asset Manager Leaving NYC, Moving Over 1K Jobs Out Of State Wall Street Asset Manager Leaving NYC, Moving Over 1K Jobs Out Of State
Wall Street Asset Manager Leaving NYC, Moving Over 1K Jobs Out Of State A prominent Wall Street money manager is trading Broadway shows for country music. Asset manager AllianceBernstein is leaving to New York and heading to Nashville, according to multiple reports, taking its corporate headquarters, and an estimated 1,050 jobs, starting later this year. In a filing on Wednesday, AllianceBernstein said that it chose Music City following “a months-long search that evaluated cities on attributes including housing, cost of living, education and weather.” Some of the company’s divisions will stay in New York, such as portfolio managers and private wealth managers.…
Cost Of New Tappan Zee Bridge May Be $1 Billion Over Budget, Report Says Cost Of New Tappan Zee Bridge May Be $1 Billion Over Budget, Report Says
Cost Of New Tappan Zee Bridge May Be $1 Billion Over Budget, Report Says The new Tappan Zee Bridge may come in at a final cost of more than $4 billion dollars, nearly $1 billion above the base contract, according to a recently released Politico report. Contractors may be seeking upwards of $900 million in claims against the Thruway Authority, according to the report, on top of the $3.142 billion base contract, which exceeds the $548 million that had originally been budgeted for contingencies, though that number is reportedly expected to shrink. If the additional $900 million is needed, it would push the total bill for the new Tappan Zee Bridge over $4 billion, a…