A former New York City Police Department (NYPD) police officer has pleaded guilty to charges of trafficking methamphetamine and date rape drugs. John Cicero, 39, from Bronxville, on Wednesday, admitted to distributing large quantities of methamphetamine and gamma-butyrolactone (GBL) in Westchester County and New York City, the Department of Justice announced. The former police officer…
Former NYPD Officer Pleads Guilty to Trafficking Meth, Date Rape Drug: DOJ
October 14, 2021
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New York Governor Getting Ready to Vaccinate Children: ‘This Is Inevitable’
New York Governor Kathy Hochul, a Democrat, said during a press conference on Wednesday that she had spoken to the White House and gotten confirmation that COVID-19 vaccine approval for young children will be coming soon. “We have to make sure our pediatricians are preparing for the opportunity to administer the vaccine to children, this…
BlackRock Quarterly Profit Beats Estimates as Rise in Assets Boosts Fee Income
October 13, 2021
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BlackRock Inc., the world’s largest money manager beat third-quarter profit estimates as an improving economy helped boost its assets under management, driving up fee income. Asset managers have benefited from rising global financial markets in recent quarters as investors put money to work, making the most of the post-pandemic economic reopening, driven by progress on…
Futures Rise Ahead of JPMorgan Results, Inflation Data
October 13, 2021
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U.S. stock index futures edged higher on Wednesday ahead of quarterly results from JPMorgan which will kick off the corporate earnings season, with investors awaiting inflation data for clues on the future path of monetary policy. Mega-caps growth names including Facebook Inc., Amazon.com Inc., Google-parent Alphabet Microsoft Corp., and Tesla rose more than 0.5 percent…
Tech Stocks Lift Nasdaq, Banks Weigh on S&P 500, Dow
October 13, 2021
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The Nasdaq rose on Wednesday as technology stocks returned as market favorites amid concerns about rising inflation, while banking stocks slipped despite strong quarterly results from JPMorgan. Technology and communication services were among the few gainers among the 11 major S&P sectors. Mega-caps growth names including Facebook Inc., Amazon.com Inc., Google-parent Alphabet Microsoft Corp., and…
World Shares Mixed as Investors Await US Inflation Figures
October 13, 2021
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World shares were mixed on Wednesday as investors awaited the release of U.S. inflation data and upcoming corporate earnings. Stocks fell in Paris, London, Tokyo, and Sydney but rose in Shanghai and Frankfurt. Prices for oil and other energy have surged recently along with costs of other commodities. Shortages of semiconductors have meanwhile slowed output…
Wall Street Closes Lower on Jitters Ahead of Earnings, Fed Minutes
October 13, 2021
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NEW YORK—U.S. stocks finished lower on Tuesday, extending losses late as investors grew more jittery in the run up to third-quarter earnings, while a jump in Tesla shares helped support the market. Adding to investor caution, the Federal Reserve is expected to release minutes on Wednesday from its last policy meeting, which market participants will…
Racial Bias Challenge to New York City’s Vaccine Passport System Rejected by Federal Judge
October 12, 2021
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A challenge to New York City’s COVID-19 vaccine credentialing system was rejected by a federal judge in an opinion released Oct. 12. The plaintiffs, a group of business owners and others who work and live in the city, said the executive orders forcing many businesses to require proof of vaccination for entry violated their constitutional…
Federal Judge Grants Injunction Against NY COVID-19 Vaccine Mandate for Health Care Workers
October 12, 2021
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A federal judge on Tuesday ruled in favor of 17 New York state healthcare workers who object to religious reasons to getting a COVID-19 vaccine. The judge said defendants, state officials, failed to adequately explain why workers were denied from religious exemptions to a vaccine mandate imposed in August. “There is no adequate explanation from defendants…
US IPO Boom Braves Market Volatility
October 12, 2021
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Weeks of stock market volatility have done little to dent the record-setting pace of U.S. initial public offerings, with capital market insiders forecasting a strong finish to the year and a robust pipeline of listings in 2022. More than 2,000 IPOs raised a combined $421 billion globally by the end of September, a record high,…
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