Author: Press Room

Plunging profits at the two premier Wall Street investment banks sparked contrasting reactions from investors, who punished Goldman Sachs for a sharp fall in investment banking fees while rewarding Morgan Stanley’s push into more stable businesses.The earnings further underscored the benefits of Morgan Stanley’s expansion into wealth and asset management under chief executive James Gorman. Goldman, however, remains heavily reliant on dealmaking and trading for its profits, businesses that are less valued by investors because of the unpredictable revenues. Both Goldman and Morgan Stanley had investment banking fees fall almost 50 per cent, amid a dearth of mergers and new…

A man who was once the top security official in Mexico will face trial in the United States starting this week on charges he accepted millions of dollars in bribes in order to help facilitate cartel business rather than crack down on them.Genaro García Luna was best known as the mumbling, tough-looking former security secretary under ex-President Felipe Calderón, and prosecutors say that he accepted tens of millions of dollars of bribes, sometimes stuffed in briefcases, to help cartel members avoid capture and operate freely in Mexico.  Prosecutors say he continued to live off his ill-gotten proceeds even after he moved…

America has honored Martin Luther King Jr. with a federal holiday for nearly four decades yet still hasn’t fully embraced and acted on the lessons from the slain civil rights leader, his youngest daughter said Monday.The Rev. Bernice King, who leads The King Center in Atlanta, said leaders — especially politicians — too often cheapen her father’s legacy into a “comfortable and convenient King” offering easy platitudes.”We love to quote King in and around the holiday. … But then we refuse to live King 365 days of the year,” she declared at the commemorative service at Ebenezer Baptist Church, where…

The serial burglar charged with breaking into Robert De Niro’s Manhattan townhouse tore through the actor’s Christmas presents and stuffed them into a tote bag before she was caught red-handed, prosecutors said Tuesday as new details of the high-profile heist emerged. Shanice Aviles, 30, used a knife and “crowbar-like tool” to force her way into the actor’s Upper East Side home on Dec. 19 — and was found inside with his earbuds still in her pocket, Manhattan Assistant District Attorney Dylan Los Huertos said in court. “She rummaged through the residence’s belongings in the cellar, the kitchen, the living room,…

A father and son team from North Carolina has made headlines for reportedly reeling in a massive swordfish that weighed hundreds of pounds.Michael Tickle, 38, and his son Kelson, 13, caught a 560-pound swordfish on Dec. 29, about 60 miles east of the Beaufort Inlet, according to Sport Fishing Magazine, an online recreational fishing publication. The pair, who are from Beaufort, North Carolina, were joined by boat mate Zach Grantham, 28, and the group reportedly spent five-and-a-half hours reeling in the large swordfish, according to the outlet.MARYLAND MAN WINS $4.4M FOR REELING IN 77.5-POUND WHITE MARLINFox News Digital reached out to…

Exclusive: Jamie Rees, 18, suffered an unexplained cardiac arrest at a friend’s house in the early hours of New Year’s Day last year and passed away despite his friends’ desperate attempts to save himAn inspiring mum has raised thousands to buy defibrillators in her hometown following the tragic death of her teenage son. Jamie Rees, 18, suffered an unexplained cardiac arrest at a friend’s house in the early hours of New Year’s Day last year. The only defibrillator nearby was locked away in the teen’s old school – leaving his friends to perform CPR in a desperate bid to save…

Paris is the final stop on our menswear tour, and the week is jam-packed with exciting debuts. Grace Wales Bonner’s first show in town, Emily Adams Bode Aujla’s womenswear launch, and KidSuper’s collaboration with Louis Vuitton are a few of the buzzy things happening in the City of Light. But that’s not all: After a destination show in Marrakech, Anthony Vaccarello is back to showcase his latest Saint Laurent menswear. If you’ve always wanted to attend a show, you may finally have a chance this season, since Marine Serre is opening up her doors to the public once again. Follow along as Acielle…

Israel deported an Italian activist to Italy after security forces detained her during a raid in the occupied West Bank, Israeli authorities said Tuesday, accusing her of having links to a Palestinian militant group.The Israeli military arrested Stefania Costantin during a pre-dawn incursion Monday into the the Dheisha refugee camp in the Palestinian city of Bethlehem.Footage shared on social media shows an Israeli soldier picking up Costantini and flipping her over his shoulders as she shrieks. A group of soldiers drag her out of the camp and shove her into a military vehicle, videos show. Israeli forces fatally shot a…

Arsenal of weapons, including M60 machine gun and grenades, belonged to FARC rebel dissidents, Colombian police say.Colombia’s national police force has said it confiscated an arsenal of weapons, including grenades and a machine gun, belonging to dissidents from the now-disbanded Revolutionary Armed Forces of Colombia (FARC) rebel group. Though the Estado Mayor Central dissidents rejected a 2016 peace deal between Bogota and the FARC, they had agreed to a recent ceasefire with the government of left-wing President Gustavo Petro. The arsenal of 33 guns, an M60 machine gun, grenades, more than 30,000 bullets and uniforms was being transported in two…

The Golden State Warriors visited the White House on Tuesday to celebrate their championship from the 2022 NBA season.The Warriors defeated the Boston Celtics in six games, winning the organization’s fourth NBA championship in eight years.  The championship came after Golden State missed the playoffs two consecutive years as Steph Curry and Klay Thompson dealt with injuries. LEBRON JAMES SCORES 38,000TH POINT, INCHES CLOSER TO ALL-TIME RECORDIt’s the first time the Warriors have visited the White House since their 2015 championship when President Obama was in office. “On behalf of the Warriors, I want to thank President Biden and Vice President Harris…