New York Financial News

In this article

House Piyush Goyal alleged in the Rajya Sabha on Tuesday that the Opposition is conspiring against India with Chinese media and sought to know the relationship between Rahul Gandhi and the Communist Party of China, leading to 14 parties writing to the Chairman that this is a breach of privilege and action should be taken against him. The New York Times piece on news website allegedly getting funding from China through American businessman Neville Roy Singham was raked up by BJP member Sudhanshu Trivedi in the Rajya Sabha while the Treasury and the Opposition benches were engaged in the now routine tussle of which Rule should be invoked to discuss the Manipur situation. He alleged that there is an anti-India nexus where NewsClick's funding is coming to India via Shanghai-Chicago route.

remote work is joining the growing return-to-office trend.Zoom, the video conferencing pioneer, is asking employees who live within a 50-mile radius of its offices to work onsite two days a week, a company spokesperson confirmed in an email. The statement said the company has decided that «a structured hybrid approach — meaning employees that live near an office need to be onsite two days a week to interact with their teams — is most effective for Zoom.» The new policy, which will be rolled out in August and September, was first reported by the New York Times, which said Zoom CEO Eric Yuan fielded questions from employees unhappy with the new policy during a Zoom meeting last week. Zoom, based in San Jose, California, saw explosive growth during the first year of the COVID-19 pandemic as companies scrambled to shift to remote work, and even families and friends turned to the platform for virtual gatherings.

By Lananh Nguyen and Tatiana Bautzer

By Gertrude Chavez-Dreyfuss and Samuel Indyk

Simon & Schuster has been sold to the private equity firm KKR, months after a federal judge blocked its purchase by rival publisher Penguin Random House because of concerns that competition would shrink the book market

Rhea Bakshi, a 17-year-old economics class 12 student, won the best student film prize for her debut documentary, 'India's Treasures' at the New York International Film Awards. It was the only Indian film to receive a prize for being a finalist.

By Dan Burns

Investing.com — U.S. stocks were falling on Tuesday, handing back some of the previous session’s strong gains as investors awaited the release of a fresh batch of corporate earnings.

Gold hit a four-week low on Tuesday as the dollar climbed after weaker-than-expected Chinese trade data, while caution in the run-up to U.S. inflation readings this week also kept appetite for zero-yield bullion subdued.Spot gold was down 0.4% to $1,928.61 per ounce by 1200 GMT after hitting its lowest since July 11. U.S.

Bank stocks are under pressure early Tuesday after rating agency Moody's downgraded ten small regional banks and placed several larger banks on review for downgrades.

One of the world’s most valuable industrial metals, silver, could lose more of its luster as the economy it heavily relies on slows by the day.

By Akash Sriram

By Bansari Mayur Kamdar and Johann M Cherian

By Lananh Nguyen and Juby Babu

In this article

Philadelphia Federal Reserve President Patrick Harker on Tuesday indicated that the central bank could be at the end of its current rate-hiking cycle.

Bryan Randall, the enduring companion of Academy Award-winning actress Sandra Bullock, has passed away at the age of 57, following a three-year struggle with amyotrophic lateral sclerosis (ALS), often referred to as Lou Gehrig’s Disease. The poignant announcement came from his family, conveying both grief and gratitude for the journey they shared. In an emotional statement, Randall's family revealed his three-year-long private battle with ALS, which concluded on August 5. «Bryan chose early to keep his journey with ALS private,» the family shared. They went on to express profound gratitude to the dedicated medical professionals who stood by them during this arduous journey, as well as the remarkable nurses who devotedly cared for him.

Moody’s Investors Service lowered credit ratings for 10 small and mid-size United States banks and said it may downgrade major lenders including U.S. Bancorp, Bank of New York Mellon Corp., State Street Corp., and Truist Financial Corp. as part of a sweeping look at mounting pressures on the industry.

The rating agency said rising funding costs, a possible decline in deposit levels and weaker profitability pose risks to the banking sector, which went through a crisis earlier this year after the collapse of three lenders. Moody's also warned it may cut ratings of some of the biggest U.S. lenders, and placed six of them under review for a potential downgrade.

Former President Donald Trump and many of his supporters say he has locked up the race for the Republican nomination even with the first contests months away. That has prompted early jockeying among top Republicans to potentially be his running mate. Possible vice-presidential candidates range from staunch loyalists in Congress such as Rep.