New York Financial News

FPIs), the capital market regulator has simplified the rule for identifying senior management officials (SMOs) in these offshore funds. The urgency to name a key official in an FPI is felt as it is often not possible to know who calls the shots in a fund which is often structured in multiple layers, with each vehicle in separate jurisdictions. Under the circumstances, the regulator had earlier said that the key official in the apex vehicle, which is at the top of the FPI chain, would be considered as the SMO. This did not go down well with most funds as senior officials of the top entity in New York and London were reluctant to be named as SMOs of a Mauritius or Singapore FPI vehicle, several layers below.

Investing.com — It was another blowout U.S. inventory report as far as oil bulls were concerned. Yet, crude prices dipped for the first time in 10 days as traders took stock of market direction after a 10% rally in that span.

By Echo Wang and Svea Herbst-Bayliss

Two cable news personalities with little in common — Mark Levin and Jen Psaki — both learned on Thursday that they will be getting increased screen time on their respective networks

Ryan Salame, the former co-CEO of FTX Digital Markets, has pleaded guilty to charges related to defrauding the United States Federal Elections Commission and conspiracy to operate an unlicensed money transmitting business

Another top executive at the failed FTX cryptocurrency exchange is scheduled to appear in court in New York Thursday afternoon to face undisclosed criminal charges

The MacArthur Foundation is leading a group of donors who have pledge $500 million to help the struggling local news industry

Stocks that are trading heavily or have substantial price changes Thursday: Dave & Buster’s, Verint fall; Designer Brands, Calavo Growers rise

Victoria’s Secret has been trying to reverse its image built on a man’s vision of sexiness that eventually backfired

Walmart, the nation’s largest private employer, is making adjustments to its pay scale that will have some new store workers like those picking online orders start at lower hourly pay than it did a few months ago

Music can jazz up a political campaign—until the artist wants out. GOP presidential hopeful Vivek Ramaswamy courted trouble with the rapper Eminem when he spit an offbeat rendition of “Lose Yourself" in Iowa last month. Like other outraged musicians, Eminem through his representatives sent the campaign a cease-and-desist letter.

Tyler Childers, the singer-songwriter, is set to embark on his Mule Pull '24 tour in 2024 to support his upcoming album, Rustin’ In The Rain, releasing on September 8. The tour begins in Europe and then moves to North America. Fans in England, Scotland, Ireland, Germany, Denmark, Netherlands, Sweden, and Norway can attend his concerts. The North American concert ticket presale is ongoing, with registration closing on September 10 at 11:59 pm ET. Registering on Tyler Childers' official website grants access to the Verified Fan presale on September 13. The Europe and UK show presale will also be on September 13, with tickets available at tylerchildersmusic.com.

NEW YORK (Reuters) — Okapi Partners, which counsels on proxy fights and mergers and acquisitions, is joining forces with UK-headquartered shareholder intelligence firm Investor Update Ltd to expand abroad, tapping a surge in shareholder activism campaigns in Europe.

Roman Storm, co-founder of the sanctioned Ethereum-based crypto mixer Tornado Cash, has pleaded not guilty to charges related to money laundering and sanctions violations.

Applications for US unemployment benefits fell to the lowest level since February, underscoring businesses’ reluctance to let go of workers. Initial unemployment claims decreased by 13,000 to 216,000 in the week ended Sept. 2, Labor Department data showed Thursday.

Nasdaq 100 futures declined 0.5% in early New York trade on Thursday as Apple (NASDAQ:AAPL) stock selloff continued for the second consecutive day.

Freddie Mercury wore with an ivory satin catsuit in the 'Bohemian Rhapsody' video sold Wednesday for the highest price ever paid at auction for a piece of jewelry owned by a rock star as the late Queen front man's most prized possessions were sold, Sotheby's said. The bracelet went for 698,500 pounds ($881,000) — 100 times its estimated low price — as the singer and songwriter's flamboyant stage costumes, handwritten drafts to hits such as «We are the Champions» and the baby grand piano he composed Queen's greatest hits on went up for sale. The item broke a record set when John Lennon's leather and bead talisman sold for 295,000 pounds ($368,000) in 2008, Sotheby's said. The auction opened with the sale of the graffiti-tagged door to the garden of Mercury's home rapidly blowing past the high estimate of 25,000 pounds ($31,250) projected before the sale. The green door covered in hand-painted love notes from fans who made a pilgrimage to the house in the tony Kensington section of London sold for an eye-popping 412,750 pounds ($521,000) that included a buyer's premium. The collection was amassed by Mercury after Queen's glam-rock produced an avalanche of hits that allowed the singer to achieve his dream of living a Victorian life «surrounded by exquisite clutter.» More than 1,400 items are being sold by Mercury's close friend, Mary Austin, to whom he left his house and all its possessions when he died of AIDS-related pneumonia in 1991 at 45. Some of the proceeds from a series of live and online auctions were to go to charities.

Bryant Gumbel's “Real Sports” newsmagazine was the longest-running show on HBO, and soon it will be no more

Stocks that traded heavily or had substantial price changes on Wednesday: Photronics, Dominion Energy fall; Roku, Express rise

Jung Kook of BTS will join the Global Citizen Festival lineup, making one of his first live solo appearances at the Sept. 23 benefit concert in New York’s Central Park

All 50 states, the District of Columbia and Puerto Rico have reached an agreement in principle with Google to settle a lawsuit filed in 2021 over the tech giant’s alleged monopolistic control of the distribution of apps for the software that runs most ...