New York Financial News

Stocks are off to a weak start at the beginning of a holiday-shortened week

NEW YORK/WASHINGTON (Reuters) — U.S. banking regulators have been asking regional lenders whether they faced any fallout from the problems at New York Community Bancorp (NYSE:NYCB), several sources said, in a sign that worries about the health of the sector persist.

Gary Gensler is midway through his tenure leading the Securities and Exchange Commission through a shakeup of financial markets and middlemen, and amid historic changes in the players and what’s being traded. The SEC chair has completed just over half of his agenda. Here’s what Gensler has in mind for the rest.

By Daniel Tichenor, University of Oregon Immigration is already a major polarizing issue in the 2024 U.S. presidential election. Arrests for illegal border crossings from Mexico reached an all-time high in December 2023, and cities like New York and Chicago are struggling to provide housing and basic services for tens of thousands of migrants arriving from Texas. In early February 2024, a group of senators proposed new immigration legislation that would have slowed the migrant influx at the border. The bill would have made it harder for migrants to both apply for and receive asylum, which is the legal right to stay in the U.S. because of fear of persecution if they return back home. But the bill, like others proposed in recent years, quickly faltered after Republicans opposed it.

Investing.com -- U.S. stock futures inch lower on Tuesday, pointing to a negative opening for markets as investors return to their desks following the Presidents' Day holiday. Corporate earnings are set to be in the spotlight, with results due out from big-box retailers Walmart (NYSE:WMT) and Home Depot (NYSE:HD). Elsewhere, Capital One and Discover Financial agree to a merger worth more than $35 billion that would create a U.S. credit card titan.

teams grows and as conceptions of leadership increasingly emphasise softer skills. Recent research by Beau Sievers of Stanford University and his co-authors asked groups of MBA students to discuss the meaning of ambiguous film clips. The presence of people perceived to be of high status seemed to impede consensus: these folk spoke more and were readier to reject the explanations of others.

climate tax targeting tourists who flock to the Aloha State. If approved, the tax revenue would go towards safeguarding beaches and mitigating the risk of wildfires, providing vital support for environmental conservation efforts across the state, as per a report. Hawaii's proposal to implement a tourist tax aligns with similar measures taken by other popular destinations worldwide. Countries such as Greece, Italy's Venice, the Galapagos Islands in Ecuador, Palau, and New Zealand have all enacted similar fees aimed at tourists, with charges ranging from $1 to $100. This approach reflects a growing trend among tourist hotspots to address the environmental and infrastructural strains caused by large numbers of visitors, according to New York Post report.

Nike is cutting 2% of its global workforce, or a little over 1,600 jobs, as the athletic wear giant aims to cut costs and reinvests its savings into what it sees as big growth areas like sport, health and wellness

Stocks that traded heavily or had substantial price changes on Friday: DoorDash, Treehouse Foods fall; Trade Desk, Toast rise

The United Auto Workers union is threatening to go on strike next week at Ford’s largest and most profitable factory in a dispute over local contract language

The maker of ChatGPT is now diving into AI-generated video

Paramount Pictures’ Bob Marley biopic “Bob Marley: One Love” outperformed expectations to debut at No. 1 at the box office with a $27.7 million opening weekend

The Biden administration says that the government would provide $1.5 billion to the computer chip company GlobalFoundries to expand its domestic production in New York and Vermont

A New York judge has spared Donald Trump a “corporate death penalty” ruling, but his business did get hit hard with bans and cash penalties

On the witness stand last year, Donald Trump proclaimed: “I have a lot of cash.”

For many students, the excitement of being accepted into their first-choice college is being tempered this year by a troublesome uncertainty over whether they’ll get the financial aid they need to attend

Donald Trump’s legal debts might now exceed a half-billion dollars

As he closes in on the Republican presidential nomination, former President Donald Trump made a highly unusual stop

The U.S. government is giving chip maker GlobalFoundries $1.5 billion in grants to build and expand facilities in New York and Vermont, the first major award in a program that aims to reinvigorate domestic chip production. The award from the Commerce Department kicks off what is expected to be a series of cash injections into semiconductor manufacturing projects in Arizona, Texas, New York and Ohio in the coming weeks.

Joe Biden's administration intends to relax limits on tailpipe emissions that are designed to get Americans to move from gas-powered cars to electric vehicles, the New York Times reported, citing people familiar with the plan. The administration would give car manufacturers more time instead of requiring them to rapidly ramp up sales of electric vehicles over the next few years, the report said, adding that the new rule could be published by early spring. The shift would mean that EV sales would not need to rise sharply until after 2030.

WASHINGTON (Reuters) -U.S. President Joe Biden's administration intends to relax limits on tailpipe emissions that are designed to get Americans to move from gas-powered cars to electric vehicles, the New York Times reported, citing people familiar with the plan.