New York Financial News

TORONTO — Strength in energy stocks helped buoy Canada’s main stock index Monday, while U.S. stock markets also posted gains.

The federal judge overseeing the criminal case against former FTX CEO Sam Bankman-Fried (SBF) has proposed an order preventing all involved parties and their attorneys from largely contacting the media.

By Samrhitha A and David Shepardson

Investing.com — Pressing on with gains from four weeks, oil bulls targeted $80 per barrel for U.S. crude on Monday — and correspondingly higher prices for global benchmark Brent — as they turned what would typically be a mundane three-day stretch before a Federal Reserve rate decision into a hive activity.

2023 MLB trade deadline approaches, contending teams are making decisions on what additions they need before 6 p.m. ET on August 1. Some key questions include whether Shohei Ohtani could be traded from the Los Angeles Angels, and if players like Marcus Stroman, Cody Bellinger, and Lucas Giolito could be dealt to contenders. Additionally, it is to note that teams like the Los Angeles Dodgers, Atlanta Braves, Texas Rangers, and San Francisco Giants are looking to make moves to boost their chances in the 2023 World Series. As this week unfolds, 29 teams are hoping for the Los Angeles Angels to lose all their games and make Shohei Ohtani available for trade. Meanwhile, around 15 contenders are rooting for the San Diego Padres and New York Mets to continue their downward spirals and give up. Additionally, the Major League Baseball Players Association is watching closely, hoping that big-spending teams like the Mets, Yankees, and Padres, who collectively spent $880 million, can turn their fortunes around and prove that spending leads to success.

Stocks that are trading heavily or have substantial price changes on Monday: Chevron, Becton Dickinson, Domino’s Pizza rise; Spotify falls:

By Blake Brittain

By Pablo Mayo Cerqueiro, Echo Wang and David French

Elon Musk plans to change the logo of Twitter to an “X” from the famous blue bird, marking what would be the latest big change since he bought the social media platform for $44 billion last year

You don't know their names but you might recognize their faces

Wall Street is ticking higher to start a week full of updates on where interest rates and profits for the stock market’s most influential companies are heading

More and more couples are throwing out the playbook for a traditional wedding — and posing new challenges for the people they hire to create the perfect images of their big day

AMC Entertainment Holdings soared on Monday after a U.S. court blocked the theater chain's stock conversion plan that risked diluting investors' holdings. A Delaware court judge said on Friday declined to approve the proposed settlement by AMC in a case that has alleged the company planned to convert preferred stock to common to circumvent the will of common stock holders who had opposed the issuing of new shares.

The aftermath of the court ruling in the Securities and Exchange Commission’s (SEC) case against Ripple continues to be debated along many lines as industry analysts mirror the judgment to find needed regulatory direction.

The US Federal Reserve recently unveiled the FedNow Service system to facilitate instant payments; however, experts warn that the system might become a precursor to the infrastructure for a central bank digital currency (CBDC).

(Reuters) -Johnson & Johnson said on Monday it had launched an exchange offer under which its stockholders can opt for shares of Kenvue (N:KVUE), its newly listed consumer health unit.

By Medha Singh

The latest development in the lawsuit of the United States Securities and Exchange Commission (SEC) versus cryptocurrency exchange Coinbase comes as a date is confirmed for the two parties to voice their initial arguments. 

The three-day comatose mode for markets ahead of the Federal Reserve’s rate decision is on, with oil prices barely moving Monday amid debate on what the central bank would say about — rather than immediately do — with rates when it meets Wednesday.

As crypto entrepreneurs such as FTX co-founder Sam Bankman-Fried and former Celsius CEO Alex Mashinsky face criminal allegations of misconduct and possibly prison time, one of the Justice Department’s earliest collars has a message for today’s players: Get compliant. Charlie Shrem was an early apostle of cryptocurrency, earning millions of dollars trading bitcoin and treated like a rock star worldwide, with fans at conferences snapping photos of him and pushing business cards at him.

Former FTX CEO Sam Bankman-Fried has agreed to a “gag order” which will prevent him from making comments to third parties that may interfere with his trial — but argues it should apply to all potential witnesses as well, including current FTX CEO John Ray.