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☆ Trump has laid the groundwork for a US Supreme Court challenge in his NY civil fraud case: experts
▼ + stars: | 2024-01-13 | by ( Laura Italiano | ) www.businessinsider.com time to read: +11 min

On their way to the US Supreme Court, Trump's lawyers would first need to exhaust their New York state appellate options. AdvertisementNew York Supreme Court Justice Arthur Engoron presided over closing arguments in the Trump civil fraud trial. Shannon Stapleton/ReutersThrowing the case to the US Supreme Court could, at the least, delay the imposition of penalties, Scholl said. It's unlikely the US Supreme Court would throw out New York's executive law in its entirety, he predicted. But the court could quite possibly pare back, at least in Trump's case, its most severe penalties.

Persons: —, Donald Trump, Letitia James's, Trump, Shannon Stapleton, SCOTUS, Marc Frazier Scholl, Trump's, Scholl, Lewis Baach Kaufmann Middlemiss, Jane Rosenberg, it's, James, Arthur Engoron, pare, Letitia James, Christopher Kise, Donald Trump's, Kise, Alina Habba, Clifford Robert . Pool, Adam S, Kaufmann, There's, President Trump Organizations: Service, York, New York, Trump, Business, Court, Reuters, Manhattan, Attorney's, New, Appeals, Trump Organization, US, Fifth Locations: Manhattan, New York, York, Florida

☆ The 10 most expensive states to retire in
▼ + stars: | 2024-01-11 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +4 min

Read previewYou will need upwards of $1 million for a comfortable 25-year retirement in 16 states — and $2 million in Hawaii. And for a 30-year retirement in the 10 most expensive states, you'll need over $1.3 million. AdvertisementFor instance, GOBankingRates noted the annual price of groceries in Hawaii was $5,339, while annual housing costs were over $35,800. California's minimum for 25 years of comfortable retirement was $1.43 million, well above New York's at $1.29 million. AdvertisementConversely, West Virginia, Mississippi, and Oklahoma were the three most affordable states for a comfortable retirement.

Persons: —, GOBankingRates, Charles Schwab, Schroders Organizations: Service, Business, Bureau of Labor Statistics, Survey, Missouri Economic Research, Information Center, Social Security, Utilities, New York, AARP Locations: Hawaii, Massachusetts , California, New York, Missouri, Massachusetts, California, New, Florida, Alaska, West Virginia , Mississippi, Oklahoma, West Virginia, Mississippi

☆ I walk 10,000 steps a day—a longevity expert says I'm doing myself a favor: It's 'the most effective way' to exercise
▼ + stars: | 2024-01-11 | by ( Ester Bloom | In Esterbloom | ) www.cnbc.com time to read: +3 min

So far, I'm succeeding: In 2023, I averaged 10,632 steps a day, or just over 5 miles. But walking a lot can still improve your well-being: Just 4,000 steps per day reduces your risk of "all-cause mortality," according to a recent study. Certified nutritionist and longevity expert Michiko Tomioka, who herself aims for 10,000 steps a day, says that's "the most effective way [to get exercise]: Just take a walk." But to keep my body from complaining, I've had to invest in durable, supportive shoes, and quality doesn't come cheap. Hitting 10,000 steps requires being intentional—and creativeOn weekends, I may take my kids with me as I wander, or my husband, or my neighbors and proto-friends.

Persons: Michiko Tomioka, I've, Una Naidoo, Ester Bloom, Aaron, Sorkin, he'd Organizations: Harvard Medical School Locations: Manhattan, Bronx, New Orleans

☆ Donald Trump wants to deliver his own NY fraud-trial closing arguments, but the judge would have to let him
▼ + stars: | 2024-01-10 | by ( Laura Italiano | ) www.businessinsider.com time to read: +4 min

Trump wants to deliver part of his NY fraud trial closing statements himself, ABC News reported Tuesday. Under state civil-practice rules, defendants can help make closing arguments with court approval. AdvertisementFormer President Donald Trump wants to deliver part of his New York fraud trial closing arguments himself on Thursday, ABC News reported. There would be little downside for the judge in approving Trump's request, he added, noting, "He'd never be reversed on appeal over this." AdvertisementIn delivering closing arguments, Trump would be bound by the same rules as an attorney would, Kuby said.

Persons: Trump, —, Donald Trump, Arthur Engoron, Alina Habba, Ron Kuby, Engoron, Kuby, He'd, Michael Farkas, it's, Farkas, Letitia James, James, Allen Weisselberg, Jeff McConney Organizations: ABC News, Service, New, Trump, New York Law, Civil, New York, Trump Organization, Trump Org Locations: York, New York City, New

☆ 'The NRA is not Wayne LaPierre,' gun lobby lawyer tells NY corruption jury, distancing the group from longtime leader
▼ + stars: | 2024-01-10 | by ( Laura Italiano | ) www.businessinsider.com time to read: +5 min

Read previewThe National Rifle Association continued walking a fine line in fighting New York's civil corruption charges on Tuesday, praising outgoing leader Wayne LaPierre as "visionary" in opening statements while also calling themselves his victim. AdvertisementThe NRA told its membership in a surprise announcement on Friday that LaPierre will step down on January 31. Advertisement"You will learn from members of the NRA board that the NRA continues to honor the legacy of Wayne LaPierre," she told the jury, before repeating, "but the NRA is not Wayne LaPierre." New York Attorney General Letitia James sued the gun lobby, LaPierre, and three other longtime NRA leaders three years ago. The jury must determine if the NRA, LaPierre, Phillips and Frazer are liable for breaking state not-for-profit law, and what amount of money, if any, should be repaid to the NRA.

Persons: —, Wayne LaPierre, Sarah B, Rogers, LaPierre, Sonya Rowling, Wayne, Mr, Letitia James, Joshua Powell, Wilson, Woody, Phillips, John Frazer, Powell, Frazer, Joel Cohen, Nick Suplina, Suplina Organizations: Service, Rifle Association, Business, NRA, New, AG, New York, Safety, Chaos Locations: Manhattan, Texas, Lyme, New York, Wayne's, Orange

☆ Radio shows surprising resilience even in a rapidly changing media world
▼ + stars: | 2024-01-05 | by ( Drew Richardson | ) www.cnbc.com time to read: +3 min

Pay TV, while newer, has faced more significant declines. Pay TV penetration, on the other hand, fell 20 percentage points between 2014 and 2023, according to data firm Statista. In the third quarter of last year, the pay TV industry shrank at a record pace, analysts at MoffettNathanson said in their latest cord-cutting report. "Terrestrial radio has stayed steady even as other mediums like satellite radio, podcasts and Apple CarPlay have come on board," said Guggenheim media analyst Curry Baker. Contests and sweepstakes represent another unique draw to terrestrial radio.

Persons: It's, MoffettNathanson, Curry Baker, Baker, Elvis Duran, Ryan Seacrest, Sean Hannity, Tom Poleman Organizations: Pew Research, Apple, Guggenheim, Cable, Conservative, Fox News, CNBC Locations: U.S, Los Angeles

☆ AG wants Trump banned from New York real estate business for life, fined $370 million in fraud case
▼ + stars: | 2024-01-05 | by ( Dan Mangan | ) www.cnbc.com time to read: +1 min

The New York attorney general on Friday asked a judge to ban former President Donald Trump from the state's real estate industry for life, ban him from serving as an officer or director of a New York corporation and for him to be fined $370 million. Attorney General Letitia James is also seeking a five-year ban on Donald Trump Jr. and Eric Trump, Donald Trump's sons, from working in New York's real estate industry, according to a new court filing. James accuses Donald Trump, his two sons and the Trump Organization of a broad scheme to misstate the true values of various real estate assets for financial benefit, including better loan terms. The attorney general alleges that Donald Trump falsely inflated his statements of net worth by anywhere between $812 million and $2.2 billion because of those false valuations. The fine James seeks includes $168 million in interest payments the former president allegedly avoided through fraud.

Persons: Donald Trump, Letitia James, Donald Trump Jr, Eric Trump, Donald Trump's, James Organizations: U.S, Trump Organization, The New Locations: Manhattan, New York City, The New York, New York, New

☆ Bill Ackman's celebrity academic wife Neri Oxman's dissertation is marred by plagiarism
▼ + stars: | 2024-01-04 | by ( Katherine Long | Jack Newsham | ) www.businessinsider.com time to read: +11 min

Harvard's president, Claudine Gay, resigned after conservative activists revealed she had plagiarized. But for Bill Ackman, the plagiarism wasn't only cause for Gay's immediate ouster as Harvard's president — it also warranted her total removal from its faculty. AdvertisementGay resigned as Harvard's president on Tuesday. One remains: Kornbluth, the president of MIT, where Oxman wrote her thesis and worked from 2010 to 2020. "Stay tuned @MIT," Ackman replied.

Persons: Claudine Gay, Bill Ackman, —, Ackman's, Neri Oxman, Oxman, Ackman, Gay, Elle, Björk, Brad Pitt, Jeffrey Epstein, Sally Kornbluth, Kornbluth, Liz Magill, Steve Weiner, Daniel Wagner, Peder Anker, Claus Mattheck, Weiner, Wagner, MIT Oxman, George Reid Andrews, Andrews, Christopher Rufo, Magill Organizations: Harvard, Gay, Service, Israel's, Business, Massachusetts Institute of Technology, New York Times, New York's Museum of Modern Art, MIT, Boston Globe, Pershing Square Foundation, Pershing Square Capital Management, University of Pennsylvania, New York University, Royal Society of London, University of Pittsburgh, New York Post, Harvard Corporation, Ackman Locations: Gaza, Harvard's, New York City, German, New

☆ Move over, pickleball: The fast-growing sport of padel is the next hot luxury-home amenity
▼ + stars: | 2023-12-21 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +6 min

Padel is said to be one of the world's fastest-growing sports, with 25 million players in over 90 countries. AdvertisementThe country's fastest-growing sport, pickleball, may have some competition. A standard-sized court is 66 feet by 33 feet, bigger than a pickleball court but smaller than a doubles tennis court. And Enclave, a gated community about 35 miles from Chicago in South Barrington, Illinois, is also set to have a communal padel court. Once they got hooked on padel, he said, they started converting them to padel courts.

Persons: Padel, —, Haven't, It's, Andy Murray, David Beckham, Omar Vega, padel, Marko Gojanovic, Gojanovic, Mia, Aly, khan Merali, Turnberry, Merali, Michael DeRosa, Kelli Ide, that's Organizations: Service, CNN, The New York Times, Business Locations: Mexico, Padel, Miami's, Miami Beach, South Florida, Turnberry, North Miami, Turnberry's, Spain, York, Central, Chicago, South Barrington , Illinois, Lake, Skaneateles, Skaneateles , New York, Atlanta, Los Angeles

Nguyen, 29, is a celebrity nail artist and the owner of JennPaintt Nail Lounge in Los Angeles, where she offers a range of services, from manicures to eyelash extensions. Some of Nguyen's most famous clients include Paris Hilton and Hailey Bieber, but her salon is open to non-celebrities, too. She first moved to Los Angeles in 2019, seeking a respite from New York's harsh winters. At the time, Nguyen was a substitute teacher for a public school district and had planned to continue her teaching career in Los Angeles. "But I wasn't making enough money teaching," Nguyen recalls.

Persons: Jenny, Nguyen, Hailey Bieber, Jenny Nguyen, Andrew Evers Organizations: Paris Hilton, Apple, Converse, CNBC, New, Hofstra University Locations: Los Angeles, manicures, Chanel, New York, Los

☆ 'Powerful' storm dumps heavy rain over East Coast with 59M under flood alerts
▼ + stars: | 2023-12-18 | by ( Angela Yang | ) www.cnbc.com time to read: +6 min

The East Coast is reeling from the impacts with almost 700,000 people across New England and New York without power as of 1 p.m., according to PowerOutage.us . "The associated heavy rain will create mainly localized areas of flash flooding, with urban areas, roads and small streams the most vulnerable," the weather service said. In New York City, a travel advisory is in effect due to flooding conditions on roads, power outages and high winds on bridges. In New York City, a travel advisory is in effect because of flooding conditions on roads, power outages and high winds on bridges. By the end of today, every single state on the East Coast will have experienced at least 2 inches of rain.

Persons: There's, Eric Adams, Sean Smith, Warden Stefan Pratt, Yasmeen Persaud Organizations: Charleston, Big Apple, NYC Emergency Management, New, New York City Emergency Management Office, Danbury Emergency Management Office, Boston's Massachusetts College of Art, Amtrak, Central Maine Power, Hillsdale Fire Department, NBC News, LaGuardia, Boston Logan International Airport, Boston Logan International Locations: Elmsford , New York, New England, New York, Florida, Carolinas, Charleston, Gainesville , Florida, South Carolina, Virginia, Maine, New York City, Manhattan, In Connecticut, Danbury, Providence , Rhode Island, Boston, New Jersey, Hillsdale , New Jersey, Glendale, Moretown , Vermont, Brookhaven Calabro, Shirley , New York, Canada, Lake Michigan, Michigan, Indiana, Lake Erie, Ohio, West, Sierra Nevada

☆ Special election to replace ex-Rep. George Santos set for Feb. 13
▼ + stars: | 2023-12-05 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +2 min

The special election to fill expelled Rep. George Santos' House seat will be Feb. 13, New York Gov. Until then, House Republicans will be down a vote, leaving them with an even narrower majority in the chamber than usual. "As Governor, I have the solemn responsibility to call a special election to ensure the voters of Long Island and Queens once again have representation in Congress," Hochul, a Democrat, said in a statement. The expulsion resolution was championed by a bloc of Santos' fellow New York Republicans. A bloc of Santos' fellow New York Republicans championed the expulsion resolution.

Persons: George Santos, Kathy Hochul, Tom Suozzi, Santos, Hochul Organizations: Capitol, Washington , D.C, House, New York Gov, House Republicans, Queens, Democratic, New York's, Santos, New York Democratic, New York Republicans, Republican, Congressional District, CNBC PRO Locations: Washington ,, Long Island, New York, Washington

☆ Former Fox employee alleges in a new lawsuit that Tucker Carlson's 'right-hand man' Justin Wells sexually assaulted him, and retaliated against him after he declined his advances
▼ + stars: | 2023-12-05 | by ( Grace Eliza Goodwin | Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +4 min

A former employee is suing Fox News and a former superior over an alleged 2008 sexual assault. Andrew Delancey accused Justin Wells, Tucker Carlson's former executive producer, of sexual abuse. The lawsuit details how a "culture of sexual harassment" at Fox enabled Delancey's assault. AdvertisementA former Fox News employee alleged in a new lawsuit that Justin Wells — Tucker Carlson's former producer and "right-hand man" —sexually assaulted him and retaliated against him after he declined his advances. AdvertisementBill O'Reilly settled a sexual harassment case for $32 million in 2017.

Persons: Andrew Delancey, Justin Wells, Tucker Carlson's, —, Justin Wells — Tucker Carlson's, Wells, Delancey, Greta Van Susteren, rescinding, Harmeet Dhillon, Roger Ailes, you've, Tucker Carlson, Bill O'Reilly, producer's, Ed Henry, Alfredo J, Pelicci Organizations: Fox News, Fox, Service, Fox News Edge, Business Locations: New York

☆ Tech firms, Wall Street lead job cuts in Corporate America
▼ + stars: | 2023-12-04 | by ( ) www.reuters.com time to read: +9 min

TECHNOLOGY, MEDIA AND TELECOM SECTORMeta Platforms (META.O):The Facebook-parent said it would cut 10,000 jobs, just four months after it let go 11,000 employees. read moreMicrosoft Corp (MSFT.O):The U.S. tech giant said it would cut 10,000 jobs by the end of the third quarter of fiscal 2023. The company laid off under 1,000 employees across several divisions in October, Axios reported, citing a source. Workday (WDAY.O):The software company will cut roughly 500 jobs, or 3% of its workforce, citing a challenging macroeconomic environment. Morgan Stanley (MS.N):The Wall Street powerhouse was planning to cut about 3,000 jobs in the second quarter ended June 30, Reuters reported in May.

Persons: Brendan McDermid, Goldman Sachs, Axios, Pat Gelsinger, Elon Musk, Morgan Stanley, Lazard, Coinbase, cryptocurrencies, Phillips, Johnson, Joseph Wolk, Deborah Sophia, Akash Sriram, Granth Vanaik, Eva Mathews, Yuvraj Malik, Sourasis Bose, Priyamvada, Tiyashi Datta, Manya Saini, Jaspreet Singh, Maju Samuel, Sriraj Kalluvila, Pooja Desai Organizations: REUTERS, TELECOM, Meta, Facebook, IBM Corp, Spotify Technology SA, Spotify, Microsoft Corp, Intel Corp, Reuters, New York Times, Elon, Cisco Systems, HP, Rivian, Match, Dell Technologies, Technologies, U.S . Central Intelligence Agency, Goldman Sachs, Wall, Citigroup, Bloomberg News, BlackRock, Bed, Dow, Johnson, 3M, Thomson Locations: New, Wall, U.S, York, New Jersey, Bengaluru

☆ Supreme Court questions opioid liability protections for Sackler family
▼ + stars: | 2023-12-04 | by ( Lawrence Hurley | ) www.cnbc.com time to read: +4 min

WASHINGTON — Members of the Supreme Court seemed conflicted on Monday over whether to allow the bankruptcy reorganization of opioid maker Purdue Pharma, which includes a provision that protects the Sackler family from liability from future lawsuits. During the oral argument, justices expressed skepticism that a bankruptcy court had legal authority to release the Sacklers from potential legal claims. No Sackler family member has had any involvement in the company since 2019. The company sought bankruptcy protection, but the Sackler family members did not. She added that it would be "an extraordinary thing" if the court allowed the family to "basically subvert" the bankruptcy process.

Persons: Sackler, Pharm, Biden, Neil Gorsuch, Brett Kavanaugh, Elena Kagan's, Kagan, Pratik Shah, Elizabeth Prelogar Organizations: WASHINGTON, Purdue Pharma, New York's Southern, Federal Court, Purdue Locations: New York's, White Plains

☆ George Santos spent his post-expulsion weekend ranting and raving against his former New York GOP colleagues
▼ + stars: | 2023-12-04 | by ( Madison Hall | ) www.businessinsider.com time to read: +2 min

Santos spent the following weekend ranting about his former GOP congressional colleagues on X. He promised to file ethics complaints against three of the ten NY Republicans who voted to oust him. AdvertisementAfter becoming just the sixth member to ever get expelled from Congress, former GOP Rep. George Santos spent the weekend ranting and raving on X against his former New York Republican congressional colleagues. He added that he planned to file ethics complaints against three of the members — Malliotakis, Lawler, and LaLota — as well. If the accusations are substantiated, the group may refer the complaint to the House Ethics Committee for further investigation.

Persons: George Santos, Santos, —, he's, Nicole Malliotakis, Mike Lawler, Nick LaLota, Brandon Williams, — Malliotakis, Lawler, LaLota —, Rob Menendez, Santos — Organizations: GOP, NY Republicans, Service, GOP Rep, New, Republican, Federal, Commission, Democratic Rep Locations: New York

The New York City Police Department said a girl called to report the incident in Queens' Far Rockaway neighborhood and said "her cousin is killing her family members". The suspect, a 38-year-old, stabbed two police officers who responded to the scene, police told reporters. One of the officers then shot him dead, they added. The four people stabbed to death included a 12-year-old boy, an 11-year-old girl, a 44-year-old woman and a man in his 30s, police said. A fifth person, a 61-year-old woman, was also stabbed and was in hospital in critical condition, police said.

Persons: Kanishka Singh, Lisa Shumaker Organizations: New York City, The New York City Police Department, Thomson Locations: Queens, New York, Rockaway, Washington

☆ Meet Allison Greenfield, the law clerk driving Trump bonkers at his fraud trial
▼ + stars: | 2023-12-03 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +18 min

In Donald Trump's civil fraud trial, however, his attorneys have spent a disproportionate amount of time — and ire — on Allison Greenfield, the judge's principal law clerk. Notes and whispersDuring the trial, Greenfield is quiet. AP Photo/Seth WenigBecause of the enormous public interest in the Trump trial, it's held in the New York civil court's large ceremonial courtroom. AdvertisementEarly in the trial, Engoron issued a gag order forbidding Trump — and later his attorneys — from disparaging his staff, including Greenfield, citing numerous threats. A New York Law Department representative said a list of her cases was "not readily available."

Persons: Donald Trump, Arthur Engoron's, Allison Greenfield, —, Donald Trump's, Arthur Engoron, Letitia James, — Engoron, James, Alina Habba, Habba, James didn't, Hillary Clinton, Greenfield, Engoron, Christopher Kise, Clifford Roberts, Jesus M, Suarez, Trump, Chris Kise, Seth Wenig Greenfield, interposes, Alison R, Democratic Sen, Chuck Schumer, Schumer, they're, Seth Wenig, it's, It's, Trump's, Ruth B, Kraft, Falcon Rappaport, Berkman, Engoron's, hasn't, she'd, Images Greenfield, George B, Daniels, Bill Clinton, Jaffe & Asher, Gregory Galterio, Jaffe, Cardozo, Johnny Depp, Amber Heard, Anna Sorokin, Anna Delvey, Sorokin, Donald Trump Jr, Brendan McDermid, he's, — Greenfield, Greenfield didn't, Kise, Laura Italiano Organizations: Service, New, Trump —, Trump Organization, AP, Democrat, Republican Party, Democratic, Trump, Falcon, Truth, Images, Cardozo School of Law, New York University, US, Jaffe &, New York Police Department, New York Law, Engoron, American Civil Liberties Union, Business, Democratic Party, West Side Democrats, Grand Street Democrats, Hell's, Democrats, Village Independent Locations: Greenfield, New, Manhattan, New York, Engoron, York, SLU

NEW YORK (AP) — It's the end of the road for Kiss. Many Kiss fans said they are not interested in paying to see virtual recreations of the band, including syndicated rock host Eddie Trunk. Political Cartoons View All 1277 Images“I have very little interest in seeing an avatar concert of Kiss, or anyone for that matter,” he said. It in no way is a replacement for the live concert experience. That was a reference to the absence of former Kiss band members from the final shows, despite Stanley's repeated statements that he'd be open to former members appearing in some capacity.

Persons: —, it's, Kiss, Gene Simmons, “, Eddie Trunk, ”, franken, Gary Stevens, Paul Stanley, Peter, Ace, Bruce, Stanley's, Ace Frehley, Peter Criss, Alice Cooper's, Simmons, Gibson Les Paul, Tommy Thayer, Stanley, Criss, Eric Singer, Thayer, ” Stanley, Elvis Presley, We're, ” Dee Snider, Wayne Parry Organizations: Kiss, New York City, Madison, Facebook, Detroit, Detroit Rock City Locations: New, —, New Jersey, Detroit Rock, ”, New York City, Madison, Queens, America, www.twitter.com

☆ Republicans have a better chance at winning George Santos' old House seat than you might think
▼ + stars: | 2023-12-02 | by ( John L. Dorman | ) www.businessinsider.com time to read: +7 min

But Republicans are thriving on Long Island, and they could win the upcoming special election. AdvertisementRepublican Anne Donnelly won the Nassau County district attorney's race in 2021. Republicans actually have a benchRepublicans in recent years have begun to claw back power across Long Island. Joe Cairo, the chairman of the Nassau County Republican Committee, is currently interviewing roughly 22 individuals for the seat. But Republicans can't be discounted in the district given the current political shifts on Long Island.

Persons: George Santos, —, Trump, Joe Biden, they've, Santos, Kathy Hochul, Lee Zeldin, Nick LaLota, Anthony D'Esposito, Andrew Garbarino, Republican Anne Donnelly, Mary Altaffer Zeldin, Robert Zimmerman, Bruce Blakeman, Laura Curran, Sen, Todd Kaminsky, Republican Ed Romaine, Alex Brandon, Joe Cairo, Mazi Melesa, Elaine Phillips, Jack Martins, Mike Sapraicone, Kellen Curry, Tom Suozzi, Hochul, Suozzi, Hakeem Jeffries, Jay Jacobs, Anna Kaplan Organizations: New, Congressional, Service, Republicans, Republican, Gov, Democrat, Republican Long, Hochul, GOP, AP, Democratic, NYPD, Nassau, Nassau County Republican, Air Force, Long Islanders, The New York Times, Nassau County Democratic Party Locations: Long, North Shore, Queens, United States, Nassau, Suffolk, Nassau County, New York State, Mazi Melesa Pilip, New York City, Santos, Glen, Brooklyn

☆ BNY Mellon to raise minimum wage, add mental health benefits
▼ + stars: | 2023-12-01 | by ( ) www.reuters.com time to read: +1 min

A BNY Mellon sign is seen on their headquarters in New York's financial district, January 19, 2011. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsNEW YORK, Dec 1 (Reuters) - BNY Mellon (BK.N) will increase its minimum wage next year to $22.50 an hour from $20 and expand mental health benefits for employees, the bank said in a statement on Friday. Bank of America (BAC.N) raised its minimum hourly wage to $23 in October, heading toward a goal of $25 by 2025. BNY Mellon will also expand its mental health benefits to cover 12 therapy sessions a year, expanding from five currently. "We want our employees to feel valued and know that they are being compensated competitively," said Sharyn Jones, BNY Mellon's global head of talent.

Persons: Brendan McDermid, BNY Mellon, Sharyn Jones, Lananh Nguyen, Sharon Singleton Organizations: REUTERS, BNY, Bank of America, Thomson Locations: New, U.S

☆ Benko's complex web at Signa - from Chrysler building to Berlin landmark
▼ + stars: | 2023-12-01 | by ( ) www.reuters.com time to read: +6 min

SIGNA PRIME/PROPERTY PORTFOLIOAccording to Signa, Prime is the group's largest company in its real estate division, valued at around 20.4 billion euros ($22.23 billion). Since 2019 Signa Holding has also been a co-owner of New York's iconic Chrysler Building. TRADING/RETAIL COMPANIESBenko has bundled his trading interests under the divisions Signa Retail and Signa Premium. In Switzerland, Benko's trading investments are bundled into Signa Retail Selection AG, which filed for bankruptcy protection on Wednesday. In 2018, Signa Holding bought around 24% stake in Austrian daily newspapers "Krone" and "Kurier" from Funke media group.

Persons: Lisi Niesner, Rene Benko, Ernst Tanner, Hans Peter Haselsteiner, Torsten Toeller, Arthur Eugster, SIGNA, Signa, Otto Wagner, Benko's, Klaus, Michael Kuehne, Kuehne, Hamburg's, Chirathivat, Benko, Frasers, Kaufhof, Karstadt, Galeria, Alexandra Schwarz, Goerlich, Mattias Inverardi, Victoria Farr, Emma, Rachel More, Elisa Martinuzzi, Tomasz Janowski Organizations: Signa, REUTERS, Chrysler, Bank Austria, Femina, Chrysler Building, . Central Group, Globus, Selfridges, Central Group, Funke, Thomson Locations: Berlin, Germany, New, Britain's Selfridges, Innsbruck, Swiss, Vienna, Hamburg, KaDeWe, Oberpollinger, Munich, Vienna's, Tyrol, Essen, Duesseldorf, London, Switzerland

☆ Rep. George Santos expelled from Congress for corruption, cutting GOP majority
▼ + stars: | 2023-12-01 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +1 min

Rep. George Santos (R-N.Y.) arrives to speak about the House Ethics Committee report and potential expulsion from Congress this week during a press conference outside on Capitol Hill on Thursday, Nov. 30, 2023, in Washington, DC. The House voted Friday to expel Rep. George Santos from Congress for his alleged finance crimes and his campaign lies, shrinking the GOP's already slim majority. Santos is the sixth House member in U.S. history to be booted from Congress, and the third since the Civil War. Former Democratic Rep. Tom Suozzi, who left the seat in New York's 3rd congressional district to run for governor, has already launched a campaign to take it back. The resolution, brought by Santos' fellow New York Republicans was the latest effort to boot the embattled 35-year-old freshman lawmaker.

Persons: George Santos, Santos, Kathy Hochul, Hochul, Tom Suozzi, Mike Johnson, Steve Scalise Organizations: The, Congress, New York Republican, Republicans, Democratic, Republican, New York Republicans Locations: Washington ,, York, New York's, Long

See Personal Finance Insider's roundup of the best tax software >>How does New York tax income? Nonresidents and part-year residents may have a New York income tax liability depending on their living situation and how much they earn. New York income tax ratesIf your New York adjusted gross income was less than $107,650, the tables below would be used to calculate your state tax liability for 2022. New York state tax rates FAQsWhat is the New York state income tax rate for 2023? What are the New York state tax brackets for 2023?

Persons: —, Zaher Dehni, Eric Bronnenkant, Dehni Organizations: Service, Finance, state's Department of Taxation, New, Department of Taxation, Tax Foundation, New York, Excelsior Jobs, Tax Locations: New York, California, New, York, , New York, New York City, Yonkers, Nonresidents, Chevron

☆ NY Democrats to meet tonight to screen potential Santos replacements
▼ + stars: | 2023-12-01 | by ( Brian Schwartz | ) www.cnbc.com time to read: +3 min

Democratic party officials in New York will hold a meeting tonight with at least three potential candidates to replace former GOP Rep. George Santos, who was expelled from the House Friday. Rep. Gregory Meeks, D-N.Y., chairman of the Queens Democratic Party, plans to attend, said Jacobs. County leaders from each party select and internally vote for candidates that will participate in the the special election, according to New York election law. The Queens Democratic Party and a spokeswoman for Meeks did not return emails seeking comment. Suozzi has been in touch with Jacobs before Santos was expelled, pitching himself as that potential selected candidate for a special election contest.

Persons: Representative George Santos, George Santos, Jay Jacobs, Gregory Meeks, Jacobs, Tom Suozzi, Suozzi, Santos, Kathy Hochul, Meeks, Hakeem Jeffries, I've, he's Organizations: Representative, Capitol, Democratic, GOP Rep, Nassau County Democratic Party, CNBC, Queens Democratic Party, Former Democratic, New York Gov, New Locations: Washington , U.S, New York, Nassau, New York's, Queens, Nassau County, D

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