Stories from New York · United States

Private equity firm KKR is preparing to launch a new artificial intelligence company valued at $10 billion. The venture will be led by a former chief executive from Amazon. The cloud computing industry leaders are validating the commercial prospects of AI.

JPMorgan Chase has hired Chris Mihok from KBW to join its banks team.

A fiery explosion occurred at a residence in New York, injuring NYPD officers and firefighters. NYPD Assistant Chief Christopher Macintosh stated that officers were attempting to enter the home when the blast erupted. One victim reported smelling gas prior to the incident. The explosion was powerful enough to throw officers into a nearby fence. All victims managed to escape the immediate area. An explosion occurred near a fence, involving officers, firefighters, and others, according to a report from WNYC. New York City police say a man forced his way into a home where his family was present and intentionally set off an explosion. Body camera footage shows NYPD officers being blown back by the force of the blast while responding to the domestic dispute. Some officers were injured in the explosion.

A formal accusation from the New York Southern District Prosecutor's Office alleges that Rocha Moya held meetings with members of the Sinaloa cartel known as 'Los Chapitos'. The prosecution claims these interactions were part of a constant management relationship.

Market expectations for Eli Lilly's oral obesity pill are approximately $1.5 billion for this year. The drug has only been on the market for two to three weeks. Analysts suggest reaching this revenue target may be difficult.

Work requirement waivers for the Supplemental Nutrition Assistance Program (SNAP) have expired in New York and New Jersey. Able-bodied individuals without dependents must now work, volunteer, or attend school to maintain benefits for more than three months.

New York City Mayor Eric Adams requested the restitution of objects acquired during colonization during a ceremony at the September 11 Memorial. The request occurred during a visit by King Charles III and Queen Camilla to New York.

The US core PCE index met expectations for March, signaling stable inflation. Applications for unemployment benefits have fallen to their lowest levels in decades. This indicates that recent job cut announcements have not yet resulted in layoffs.

Hong Kong-born writer Liang Lizhi traveled to New York for the 21st PEN America Voice of the World Literary Festival.

Italian stand-up comedian Francesco De Carlo appeared on The Tonight Show Starring Jimmy Fallon this week. The appearance follows an international career for the comedian. Italian media outlets have reported on the event.