Stories from New York · United States

A Manhattan judge ruled that a wrongful termination lawsuit filed by former federal prosecutor Maureen Comey will stay in federal court. Comey alleges she was dismissed due to her ties to former FBI director James Comey and perceived political views.

Bain Capital plans to offload its majority stake in Tyger Capital, according to industry sources.

Radio Svoboda aired an archival recording from 2007 regarding author Harper Lee.

Chinese representative Fu Song called on all parties, specifically naming Israel, to adhere to a ceasefire in Gaza. The statement was made during a session at the United Nations Security Council. Israel's foreign minister rejected claims from Ukraine regarding stolen grain, describing the allegations as "Twitter diplomacy." Israeli officials stated they require evidence to examine the matter. Ukraine has previously accused Israel of receiving stolen grain from Russian-occupied territories. China is urging Israel to immediately and unconditionally release two activists from the world supervision fleet. China also calls for Israel to lift its blockade on Gaza to allow humanitarian aid. The statement was made by the Ministry of Foreign Affairs. Separately, Slovakia's F-16 jets will join NATO's air policing mission for Baltic states.

CBS has cancelled Stephen Colbert's late show, which is scheduled to end in May after 11 seasons. The move follows the network coming under the control of Donald Trump. The cancellation is being described as an attempt to silence dissent and free voices.

Wall Street stocks are mixed with a sell-off occurring in the technology sector. The Nasdaq has declined by 1.25 percent while the S&P 500 is down 0.67 percent. Investors are expressing concerns regarding overspending on artificial intelligence, specifically following missed earnings and user targets by OpenAI. The Dow Jones Industrial Average is up approximately 0.2 percent. Oil prices are trading near 100 dollars per barrel. The Nasdaq reached a new record high of 24,892 points, gaining 219 points. This occurred despite a net decline in shares for Nvidia, Meta, and Microsoft. The tech companies saw declines following quarterly results that were lower than anticipated. This performance marks the best monthly performance for both indices since 2020. Investors attributed the gains to strong corporate profits and a resilient US economy.

OpenAI, the creator of the ChatGPT chatbot, missed certain earnings and user targets. Uncertainty regarding OpenAI's growth has led to a correction in technology stocks. OpenAI's growth trajectory continues to cause volatility in technology stocks. The Wall Street Journal reports that OpenAI has missed financial targets during its efforts to go public on Wall Street. CLS Finance China reports that OpenAI growth uncertainties are driving a broader pullback in technology stocks. The concerns regarding OpenAI's growth are currently trending on Chinese financial platforms. The CFO noted a need to reach user targets to cover costs for data center contracts. Data center expenditures are projected to rise from $1 billion weekly to $600 billion by 2030. An IPO is expected later this year, though questions remain regarding the timing and venture capital involvement.

At the United Nations, Iran stated it has not signed the 1982 UN Convention on the Law of the Sea. The country claims it is not bound by the treaty's provisions. This position impacts maritime rights regarding the passage of vessels through straits between high seas and territorial waters. The statement was made during a session at the UN. Consequently, the mission claims Iran is not bound by the agreement. The statement comes amid discussions regarding regional maritime stability. The country asserts that because it did not sign the agreement, it is not required to adhere to its provisions. This stance concerns the right of vessels to transit through international straits without oversight or restrictions. Reuters reports that military options are currently being considered to deal with Tehran, including potential airstrikes against military and political leaders.

An 18-year-old named Yandel Ortiz faces charges of attempted murder, assault, and weapons possession.

Spotify faces market share risks from hyperscalers following the release of AI music generation tools. The Lyria 3 model released in March allows for the creation of AI-generated music tracks up to three minutes long.