Author: Newyorki

Bill Hwang, the founder of Archegos Capital Management, is set to stand trial on Monday for alleged securities fraud and market manipulation, according to prosecutors. This comes in the aftermath of the hedge fund’s dramatic collapse in 2021, which led to significant losses for major banks. Archegos, a family-owned hedge fund overseen by Hwang, made substantial investments in a small number of stocks using borrowed funds from banks. When some of these investments soured, the fund was unable to meet margin calls, exacerbating its financial woes. The fallout from Archegos’ collapse reverberated throughout financial markets, resulting in approximately $10 billion…

The president faces mounting pressure from both Republicans and progressives as a humanitarian crisis escalates and immigration continues to be a crucial voter concern. On Thursday, the Biden administration announced proposed alterations to asylum criteria aimed at expediting certain deportations. These changes are intended to bolster security measures and alleviate the backlog of cases, particularly in light of the unprecedented influx of migrants at the US-Mexico border. According to Biden himself, the proposed changes are acknowledged to be narrow in scope, impacting only a “limited” segment of individuals with serious criminal convictions or potential national security threats. This cautious approach…

President Joe Biden warned on Wednesday that Donald Trump would likely refuse to accept the results if he were to lose the US election this year. Speaking in an interview with CNN, Biden expressed his concerns, stating, “He may not accept the outcome of the election. I promise you he won’t, which is dangerous.” At 81 years old, Biden, who currently holds the title of the oldest person ever to serve as president in the United States, shared that US allies were anticipating his re-election for a second term in November. “Look, I travel around the world; other world leaders,…

It was the courtroom moment everyone had been anticipating—a blend of high legal significance and scandalous sexual details. Donald Trump, the former US president known for his assertive demeanor and sense of control, found himself in the position of having to sit and listen as a porn star described, in vivid detail, a bedroom encounter that he vehemently denies ever occurred. “When I opened the bathroom door to come out, Mr. Trump had entered the bedroom,” Stormy Daniels recounted to the New York court. “The intention was pretty clear, someone had stripped down to their underwear and was posing on…

From Bad Bunny’s Tudor-inspired hat to shoes resembling cloven hooves, and Zendaya’s delicate hummingbird perched on her neck, the hosts set the tone at fashion’s biggest night: the annual Met Gala in New York. Florals, animals, and vintage couture were ubiquitous at the so-called Oscars of the East Coast, a massive fundraiser for the Metropolitan Museum of Art’s Costume Institute. This year, the extravaganza’s dress code is “The Garden of Time,” drawing inspiration from the 1962 short story of the same name by English writer J.G. Ballard. Essentially, the event revolves around the transient aspect of beauty—a profound theme to…

A predominantly white, male group at the University of Mississippi engaged in taunts towards pro-Palestinian protesters on campus this week, with one individual making a racist gesture towards a Black woman. Meanwhile, dozens of students gathered at the University of Mississippi to protest against Israel’s war in Gaza and demand transparency regarding the university’s potential dealings with Israel. Contrasting the few dozen pro-Palestinian protesters, there were hundreds of counter-protesters, reminiscent of resistance to the civil rights struggle in the US South six decades ago. The counter-protesters, some waving American flags and Trump flags, sang the American national anthem at one…

In the past few weeks, we have witnessed an unabated explosion of Jew-hatred at some of the top American universities, including Columbia, Yale, New York University, and others. This is not Tehran or Khan Younis, in the Gaza Strip, but New York and New Haven. In some cases, the situation today resembles 1930’s Nazi Germany and Austria, where Jewish students were prevented from entering universities. But those blocking the way aren’t your white supremacists of the past. Today’s bigots are privileged, woke trust-fund kids and Hamas wannabes who can barely even point to Gaza on a map. And they are getting noticed…

Police dismantled a protest camp at the University of Texas on Wednesday, leading to the arrest of over a dozen individuals, amidst ongoing unrest related to Israel’s conflict with Hamas in Gaza across various US campuses. In New York, law enforcement also apprehended several individuals at Fordham University and dispersed an encampment established within a school building. Meanwhile, police remained on alert at Columbia University following widespread arrests the previous night. In Cambridge, Massachusetts, demonstrators maintained their presence, obstructing a thoroughfare near the heart of the Massachusetts Institute of Technology campus during the busy Wednesday afternoon rush hour. Dozens of…

Thursday marked a challenging start for prosecutors in court, yet a small detail—a piece of tape—potentially shifted the tide in their favor. Later in the day, during the proceedings, prosecutors unveiled an audio recording. In it, a conversation between Donald Trump and his attorney Michael Cohen from September 2016 was heard, openly discussing strategies to prevent former Playboy model Karen McDougal from disclosing her alleged affair with Trump. “On the September 2016 tape, Cohen can be heard saying, ‘I need to open up a company for the transfer of all of that info regarding our friend David.’ Although this recording…

Florida is preparing for the implementation of one of the strictest abortion bans in the United States, set to take effect on Wednesday. Vice President Kamala Harris visited the state to address Donald Trump on a key issue in the 2024 election. The ban prohibits abortions after six weeks of pregnancy, transforming Republican-led Florida into a crucial battleground for a divisive topic. President Joe Biden and the Democratic Party aim to leverage this issue in the November elections. Since a conservative US Supreme Court, including three justices appointed by Trump during his presidency, revoked the nationwide right to abortion in…