New York Financial News

By Saqib Iqbal Ahmed

NEW YORK (Reuters) — Interest rate futures tied to the Federal Reserve's policy rate slightly increased the chances of tightening by the U.S. central banks at both the November and December policy meetings after Chair Jerome Powell's speech.

NEW YORK (Reuters) — Wells Fargo (NYSE:WFC) has agreed to pay a $35 million civil penalty to settle U.S. charges that the company overcharged advisory fees, the Securities and Exchange Commission said on Friday.

The Federal Reserve Bank of Kansas City’s annual gathering in Jackson Hole, Wyoming gets underway with a dinner on Thursday evening. Here’s what to expect from the two-day conference featuring central bankers from around the world:

Chandrayaan-3 mission has put India back on the map! India made history on August 23 when the spacecraft successfully landed on the South Pole of the moon's surface, making India the first country to have achieved this momentous achievement. The world hasn't stopped praising the efforts of the Indian Space Research Organisation (ISRO). Recently, Bridgewater Associates founder Ray Dalio — who is also the author of the No. 1 New York Times bestseller 'Principles,' shared his two cents on the highly aspirational lunar mission. Congratulating India, the owner of the asset management firm said that the successful lunar mission is just one of the many straws in the wind, «showing its ascendence.» He said that the country scores the highest on its projected growth rate of about 7 per cent over the next 10 years. Dalio, who is credited for building the world's largest hedge fund, that India has all the «right mix of ingredients» which will prove its mettle.

Stocks that traded heavily or had substantial price changes Thursday: Petco, Spirit AeroSystems fall; Nvidia, Guess rise

Nordstrom says its sales and profits fell in its fiscal second quarter, joining its department store peers coping with shoppers' cautious spending

Donald Trump was barely mentioned in the Fox News Channel debate that he skipped until halfway through

Fox News reached an estimated 12.8 million viewers on two television channels and its streaming network for the first GOP presidential primary debate of the 2024 season, even though former President Donald Trump skipped it

Donald Trump's arrest: Former US President surrenders in Georgia elections case Fulton County District Attorney Fani Willis indicted Trump and 18 alleged co-conspirators on 14 August, alleging they violated Georgia’s racketeering law by joining a criminal enterprise to keep Trump in office after he lost the election. For the fist time, Trump’s mug shot was made public after he surrendered to the Atlanta jail.

India's Permanent Mission to the UN on Friday celebrated the success of the Chandrayaan-3 mission. «Marking the triumph of the #Chandrayaan3Mission we gathered with our colleagues from the Permanent Missions in New York. We extend our gratitude for your presence and unwavering support on this occasion,» the Indian Permanent Mission to UN wrote on 'X' formerly Twitter on Friday. Meanwhile, Permanent representative to UN Ruchira Kamboj has said Chandrayaan-3's successful landing on the Moon is a historic moment for humanity as «we venture into uncharted territory near the moon's South Pole». «India's Chandrayaan-3 mission successfully landed its Vikram lander module near the South Pole of the Moon.

FOX Business' Ashley Webster speaks to Winton Machine Company CEO and owner Lisa Winton about why she moved operations from the northeast to Georgia.

TrendMacro chief investment officer Don Luskin says a growing economy is 'like a growing boy' on 'Making Money.'

JetBlue says in court filings that it could raise fares on some routes by up to 40% if it succeeds in buying Spirit Airlines

The release of “Dune: Part Two,” one of the fall’s most anticipated films, has been postponed from November until next near

Nordstrom says its sales and profits fell in its fiscal second quarter, joining its department store peers coping with shoppers' cautious spending

Trump was arrested at a Georgia jail Thursday on racketeering and conspiracy charges and released on $200,000 bond after having a historic mug shot taken. Trump, who is accused of colluding with 18 other defendants to overturn the 2020 election result in the southern state, spent less than 30 minutes inside Atlanta's Fulton County Jail before leaving in a motorcade for the airport. Like the other defendants in the case who have surrendered so far, the 77-year-old Trump had his mug shot taken during the booking process — a first for any serving or former US president. In the photograph released by the sheriff's office, he scowled at the camera while dressed in a dark blue suit, white shirt and red tie. Speaking to reporters after his arrest, Trump, the frontrunner for the 2024 Republican presidential nomination, said it was a «very sad day for America.» «What has taken place here is a travesty of justice,» he said.

Arizona Cardinals have orchestrated a trio of trades that have reshaped their roster dynamics. The team bid farewell to linebacker Isaiah Simmons and offensive tackle Josh Jones while welcoming quarterback Josh Dobbs into the fold. These maneuvers come as the Cardinals position themselves for a dynamic upcoming season, making calculated decisions to bolster their lineup.

Amazon Studios has unveiled the trailer for the upcoming sci-fi film «Foe,» featuring Saoirse Ronan and Paul Mescal, set for a U.S. theater release on October 6. Directed and produced by Garth Davis, known for «Lion,» the movie is an adaptation of Iain Reid's novel, centered on marriage and identity in an uncertain world. The narrative presents humanity facing off against an artificial alternative. The story is set in 2065 and follows the lives of a married couple, Hen (Ronan) and Junior (Mescal), residing on a secluded family farm. Their tranquility is disrupted by an unexpected guest (Pierre), arriving with a unique proposition. Junior is chosen to live on an experimental space station orbiting Earth. However, Hen won't be alone when he leaves. She'll be accompanied by a robotic version of her husband, impacting her profoundly. The film is set to premiere at the New York Film Festival and will subsequently release in Canada, Australia, the UK, and Ireland. Directed by Davis and co-written with Reid, the production involves various producers and executive producers. The trailer evokes comparisons to «Beyond the Sea,» an episode from the series «Black Mirror.»

Wall Street slumped to its worst day in three weeks, despite a blowout profit report from Nvidia

Journey Beyond, owner of “experiential” tourism assets like The Ghan train and Cruise Whitsundays, is back on the auction block less than two years after it changed hands.