Stories from New York · United States

Police in New York arrested Zaheer Davis, a teenager wanted in connection with the shooting death of a 15-year-old at a park in Queens. An angry crowd gathered outside the 113th precinct during the suspect's transport for arraignment on murder charges. The incident has caused significant local tension following the recent shooting.

The New York City hot sauce expo is taking place in Brooklyn this weekend. The event coincides with a local exhibit featuring a statue of Sylvester Stallone's Rocky character. Following the exhibit's close in August, a statue of Philadelphia boxing legend Joe Frazier will be installed at the bottom of the Rocky steps.

Goldman Sachs has filed with the SEC to launch a Bitcoin fund. The move comes amid institutional interest and bank predictions that Bitcoin could reach $140,000 this year.

A compilation album titled 'Andy Warhol and Music' features music from the Factory era, including tracks by The Velvet Underground and Blondie. The album is divided into two parts: 'Guests of the Factory' and 'Playlist of the Factory.' It also includes a song by The Cars, representing later recordings from the Factory's period. Warhol's famous studio, The Factory, operated from 1962 to 1984. The album includes Velvet Underground's song 'Venus in Furs' and Nico's song 'These Days' from her album 'Chelsea Girl'.

Warner Bros Discovery shareholders have voted to approve a merger with Paramount Skydance. The deal involves Paramount acquiring the company for $31 per share, encompassing cable networks, film studios, and streaming services. The transaction remains subject to regulatory approval.

Bain Capital is reportedly preparing to offload its majority stake in Tyger Capital, according to industry sources.

New York City officials have announced a plan to expand the city's tree canopy to 30% by 2040, up from the current 23%. The initiative aims to cool neighborhoods, reduce flooding, and improve air quality, specifically targeting lower-income areas with less greenery. However, experts warn that underfunding and staffing shortages may hinder the project's success.

The S&P 500 index rose by 0.55% this week, marking its fourth consecutive winning week. Market advances were driven by hopes of renewed negotiations between the U.S. and Iran, alongside a strong forecast from Intel. The index reached a record high during this period. Analysts suggest market advances are partially driven by hopes regarding U.S.-Iran relations. President Trump noted that the ongoing war has had a smaller impact on markets and oil prices than initially expected, though he cautioned Americans to expect higher fuel costs for a period. S&P Global's Daniel Jurgen discussed potential global economic disruptions related to fertilizer and helium supplies.

Auction house Bonhams announced the sale of the personal estate of actress and director Yankeeton through four distinct auctions. The sales will take place in New York and Los Angeles, featuring her clothing, accessories, and personal items. The collection reflects her eclectic and androgynous style established during her career.

The Bitwise Chainlink ETF has officially commenced trading on the NYSE Arca exchange under the ticker symbol CLN. Bitcoin exchange-traded funds (ETFs) are now able to trade on stock exchanges via smart contracts. One wealthy speculator stated that Bitcoin is completely overvalued and would not accept all the world's Bitcoin for 25 dollars. The speculator argued that Bitcoin provides no utility compared to real estate or agriculture.