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Artificial intelligence
OpenAI and Meta ready new AI models capable of ‘reasoning’
...Meta and OpenAI’s upgrades are part of a wave of new large language models being released this year by companies including Google, Anthropic and Cohere....
April 9, 2024
Donald Trump
Donald Trump’s lawyers say he cannot raise bond in $464mn New York fraud case
...Trump is asking a panel of judges at a New York appeals court to delay the enforcement without the full sum being posted....
March 18, 2024
FT Live
The Impact Of Gen AI On The Legal Sector
How are law firms leveraging technology to transform services and operations?
Tuesday, 11 JuneDigital Conference
InterviewUS financial regulation
US consumer finance watchdog raises alarm over credit card megadeals
...Capital One filed an application to complete the transaction to the Federal Reserve and the Office of the Comptroller of the Currency. The Fed sent back a list of questions last week....
April 24, 2024
World
Why New York law doesn’t actually matter
...We’re on Brickell Bay, and maybe in 50 years it will be Brickell Bay North, how we refer to New York in finance....
May 6, 2024
Live news: Turkey’s central bank says inflation will peak at 75% but raises year-end forecast
What to watch in North America today
...US jobless claims: New applications for unemployment aid are forecast to have increased to 215,000 in the week ended May 4. A week prior, unemployment claims edged up to 208,000 claims....
May 9, 2024
US immigration
Undocumented workers navigate limbo of New York’s underground economy
...An Uber spokesperson said in a statement that the company did not allow account sharing and periodically verified couriers’ identities in real time by requiring couriers to take selfies in the app....
May 7, 2024
FT Live
Bank of the Year Awards 2024
Recognising the best in banking globally
Wednesday, 4 DecemberLondon, UK
New York Stock Exchange LLC
New York Stock Exchange tests views on round-the-clock trading
...The New York Stock Exchange is polling market participants on the merits of trading stocks around the clock as regulators scrutinise an application for the first 24/7 bourse....
April 22, 2024
News updates from May 2: Apple’s revenue hit by falling China sales; Gazprom plunges to $7bn loss
What to watch in North America
...Jobless claims: Economists expect that there were 212,000 new applications for unemployment aid last week, up from 207,000 in the previous week....
May 2, 2024
Drugs research
MDMA-based mental health treatment faces wary US regulator
...After being approached by the Financial Times for comment, Amy Emerson, Lykos’ chief executive, said in a statement that the company “[looked] forward to the opportunity to discuss” its treatment application...
May 6, 2024
News updates from April 25: US economy grew less than expected in Q1; Microsoft and Alphabet beat Wall Street estimates
What to watch in North America today
...Other economic data: New applications for unemployment aid in the US are forecast to have edged up to 215,000 in the week to April 20, compared with 212,000 claims the previous week....
April 25, 2024
Mortgages
High mortgage rates lead to rise in lending scams
...BetterMed’s website lists two corporate locations, a headquarters in Toronto and another in New York, near Times Square....
April 10, 2024
News updates from April 18: Netflix profits surge; Jurors selected for Trump’s ‘hush money’ trial
What to watch in North America on Thursday
...Analysts will be keen to learn about the company’s subscriber growth after it hit a record high level of new subscribers in the fourth quarter, helped by a crackdown on password sharing....
April 18, 2024
News updates from April 4: British billionaire avoids prison for insider trading; Italy seizes assets in EU fund fraud case
What to watch in North America today
...US jobless claims: New applications for unemployment aid are estimated to have edged up to 214,000 in the week ended March 30, compared with 210,000 in the prior week....
April 4, 2024
News updates from March 21: US accuses Apple of building a smartphone monopoly; Reddit soars in New York IPO
Micron surges to record high after surprise profit and bullish outlook
...The company said its high-bandwidth memory chips, used for AI applications, were sold out for 2024, and there was high demand for 2025....
March 21, 2024
FT Globetrotter
Five of New York’s most exciting new-wave Chinese restaurants
...Like the phases of the moon, the city’s dining trends wax and wane. This renaissance has now reached the world of Chinese restaurants, which has long been a backbone of New York City cuisine....
April 30, 2024
FT Live
Future of the Car 2025
The leading gathering for the automotive industry
Tuesday, 13 May 2025Sancroft, Paternoster Square, London EC4M 7DQ, UK
New York City
Hedge fund Graham Capital wants New York office as others cut space
...An index compiled by VTS, a real estate technology company, shows New York is leading a recovery in office demand across the US....
May 1, 2024
Donald Trump
Trump claims he may need ‘fire sale’ to pay $464mn fraud judgment
...One of the largest penalties imposed on a New York corporation, the judgment has ballooned the former president’s legal costs, which he is struggling to cover while mounting a campaign for the presidency...
March 19, 2024
Artificial intelligence
New York judge rebukes law firm for using ChatGPT to justify its fees
...A New York judge has scolded a law firm for citing ChatGPT to support its application for “excessive” attorneys’ fees of up to $600 an hour....
February 22, 2024
North American prime property
The rise of the Manhattan mega renter
...They form a core part of the uber-tenancy market. “They’re trying to spend as little time as possible in New York but have to come in for work reasons,” says Corcoran’s Pham....
May 10, 2024
Drug prices
Copycats take bite out of AbbVie’s best-selling Humira drug
...This was driven by a surge in prescriptions of Sandoz’s Hyrimoz, CVS’s preferred biosimilar, which was given to more than 10,000 patients in the week ending April 12, pushing biosimilars’ share of new Humira...
April 25, 2024
Asset allocation
*SOLD OUT* The FT Alphaville pub quiz is finally returning to New York
...We’ve been teasing the possibility for a long time, but — thanks to a generous sponsorship from Christofferson Robb — we can finally confirm that the FTAV pub quiz is staging its NYC comeback....
April 4, 2024
ArcelorMittal SA
ArcelorMittal warns that one of its main divisions could quit UK
...“This is highly time-sensitive — calling in the application after next Wednesday will not be possible,” said Brooks....
May 5, 2024
News updates from May 7: White House tries revive ceasefire talks; Stormy Daniels gives graphic account of encounter with Donald Trump at criminal trial
What to watch in North America today
...Other earnings: Boeing supplier Spirit Aerosystems, a former unit of the aircraft maker that is also the subject of a takeover by its one-time parent company, is set to report results this morning....
May 7, 2024
News updates from May 3: US adds 175,000 jobs in April; Trump Media auditor barred
US services sector contracts for first time since December 2022
...Activity in the US services sector unexpectedly contracted in April, the first time since December 2022, as business activity slowed and new orders softened....
May 3, 2024
Donald Trump
Donald Trump finds a sympathetic crowd in New York’s Harlem neighbourhood
...But Trump is also the man who, to this day, refuses to apologise for buying a full-page advertisement in The New York Times in 1989, calling for the state to reinstitute the death penalty for the Central...
April 20, 2024

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