WASHINGTON, Dec. 20 (TNSres) -- The Federal Reserve Bank of New York issued the following Beige Book on Dec. 4, 2024: * * * Summary of Economic Activity Economic activity in the Second District expanded slightly this reporting period, led by strong growth in the manufacturing sector. Employment grew slightly, and wages continued to rise moderately. Selling price increases remained modest, while input prices generally increased moderately. Consumer spending increased modestly this period. The   more

NEW YORK, Dec. 19 -- The office of the U.S. Attorney for the Southern District of New York issued the following news release: Edward Y. Kim, the Acting United States Attorney for the Southern District of New York, announced today that SUNG KOOK (BILL) HWANG, the founder and head of a private investment firm known as Archegos, was sentenced by U.S. District Judge Alvin K. Hellerstein to 18 years in prison concurrently on each count charged for leading a criminal enterprise that manipulated the p  more