Kalshi is appealing a New York federal judge's decision to deny its request to block state gambling officials from enforcing laws against its sports-related event contracts. The appeal escalates a legal battle over whether these markets are federally regulated derivatives or state-regulated gambling.
The US has designated the Tren de Aragua as a terrorist organization. Guerrero Flores was charged in a New York federal court with racketeering conspiracy and supporting terrorists. The gang is accused of violence, extortion, and drug trafficking across North America, South America, and Europe.
New research from the Federal Reserve Bank of New York suggests remote work, not AI, is the primary reason for increased unemployment among recent college graduates. Companies are less likely to hire young grads into remote roles due to difficulties in training and mentorship.
Student loan defaults are showing up on consumers' credit reports for the first time since the Covid pandemic, a new blog by the New York Fed shows.
Collectively, Americans owe $1.25 trillion on their credit cards, according to a new report by the Federal Reserve Bank of New York.
A recently surfaced report reveals Jeffrey Epstein penned a note before his 2019 death in a New York federal jail. Discovered by his cellmate, Nicholas Tartaglione, the handwritten message, now sealed by a judge, reportedly asserted Epstein's innocence and included the poignant phrase, "Time to say goodbye.
A handwritten note written by Jeffrey Epstein before his 2019 death in a federal jail in New York City has been revealed by his former cellmate Nicholas Tartaglione. The note, discovered tucked inside a graphic novel in July 2019, suggested Epstein maintained his innocence and included the line 'Time to say goodbye.' Tartaglione gave the note to his lawyers, and handwriting experts verified it was written by Epstein. A judge ordered the note sealed, and it was not included in official investigations into Epstein's death, including a 2023 DOJ review.
Sullivan & Cromwell, a top Wall Street law firm, has apologized to a New York federal judge for AI-generated errors in a court filing. The firm admitted to misquoting the US bankruptcy code and incorrectly citing cases in a filing made on April 9. The errors were uncovered by rival firm Boies Schiller Flexner. The case involves liquidators from the British Virgin Islands pursuing actions against Prince Group, owned by Chinese-born businessman Chen Zhi, who faces US charges of wire fraud and money laundering related to alleged forced-labour scam compounds in Cambodia.
