New York Financial News

U.S. stocks closed lower as Wall Street counted down to its main event for the week, a speech by Federal Reserve Chair Jerome Powell coming up on Friday

A one-time congressional candidate and romantic partner of a convicted FTX executive has been arrested on campaign finance charges

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...

Air India on Thursday announced that it will temporarily operate additional flights to Kolkata from four Indian cities to meet greater travel demand to the city during the upcoming Durga Puja festivities. Starting 20 September 2024, Air India will operate daily, non-stop flights to Kolkata from Bengaluru and Hyderabad for nearly a month. The airline has also increased frequency to Kolkata from Delhi effective 15 August 2024, and from Mumbai effective 25 September 2024.

Toronto-Dominion Bank missed analysts’ estimates as wealth-management results underperformed expectations and the company took a restructuring charge related to job cuts, adding to the firm’s troubles as it also booked a new US$2.6 billion provision for fines tied to U.S. money-laundering investigations.

Binance Holdings Ltd. is hiring 1,000 people this year with many earmarked for compliance roles as the crypto exchange’s annual spending to meet regulatory requirements, including US oversight under a plea deal, tops $200 million.

Donald Trump's nearly USD 500 million civil fraud judgment, arguing there's «overwhelming evidence» to support a judge's finding that the former president lied for years about his wealth as he built his real estate empire. In paperwork filed ahead of oral arguments next month, New York Attorney General Letitia James' office said the current Republican nominee's appeal is awash in «meritless legal arguments» and ignores volumes of trial evidence showing that he and his co-defendants engaged in «fraud and illegality on an immense scale.» «On appeal, defendants tellingly ignore almost all their deceptions,» Assistant Solicitor General Daniel S Magy wrote in a 168-page submission to the state's mid-level appeals court known as the Appellate Division. Trump, his company and top executives including his sons Eric and Donald Trump Jr «created and used financial statements rife with blatant misrepresentations and omissions to maintain loans worth more than half a billion dollars and to generate over USD 360 million in ill-gotten profits,» Magy wrote.

Banijay Asia, part of content powerhouse Banijay Entertainment, has inked a deal with Sony Pictures Television, the global television production and distribution company, acquiring format rights to produce Indian remakes of five of its popular international scripted series. The five shows include Drop Dead Diva, La Prepago, Men At Work, Mob Doctor, and Rosario Tijeras. Drop Dead Diva is a blend of comedy and drama that follows the story of a fashion model who dies in a sudden car accident and reincarnates into the body of a brilliant, plus-sized lawyer.

Binance Holdings Ltd. is hiring 1,000 people this year with many earmarked for compliance roles as the crypto exchange’s annual spending to meet regulatory requirements, including US oversight under a plea deal, tops $200 million. Chief executive officer Richard Teng, who is visiting the US to talk to monitors and officials, outlined the employment goals for the world’s largest crypto trading platform in an interview with Bloomberg News in New York on Wednesday. “I’ve been a regulator all my life,” Teng said. “Government agencies are important.” He declined to say whether he has met with the securities and exchange commission during his trip. The SEC is suing Binance and wasn’t part of the US settlement.

Western Asset Management co-chief investment officer Ken Leech faces a potential enforcement action from the Securities and Exchange Commission as part of a probe into whether some clients were favored over others in allocating gains and losses from derivatives trades.

stocks inched higher on Wednesday amid range-bound trading after investors parsed a steep downward revision in payrolls, and the release of the minutes from the most recent meeting of the Federal Reserve, which cemented expectations for a September rate cut. All three major U.S. stock indexes closed modestly higher.

Kamala Harris unexpectedly departed for Milwaukee. The move, seen by some as a deliberate snub, raised eyebrows, especially given the Obamas’ delayed endorsement of Harris. Instead of attending the Obamas' speeches, Harris opted to address a nearly full arena in Milwaukee and hold a DNC watch party with her rally attendees, as per the reports of the New York Post. In Milwaukee, Democratic organizer Jaliah Jefferson informed the crowd at Fiserv Forum that they would be featured live as part of the DNC broadcast. Jefferson encouraged the audience to bring energy, emphasizing that the nation needed to see Wisconsin standing behind Harris. The enthusiastic crowd, energized by DJ Shawna, responded eagerly, especially those from Illinois who cheered loudly when acknowledged.

Barron Trump, the youngest member of the Trump family, plans to enroll in a New York university this autumn. Prior to his campaign stop in Michigan, the former president stated in an exclusive interview that he's all set in a certain school that's very good. The former president majored in economics when he graduated from the University of Pennsylvania in 1968. The 45th president stated that although the school is located in the Empire State, a specific announcement about it will be made soon by his team. Trump grinned on being questioned whether the said school was New York University and insisted that he would not identify the university until the announcement went live. Barron Trump is smart and has always been a very good student at school. May marked Barron Trump's 18th high school graduation. His father had previously stated that he was in the process of choosing between multiple schools. According to Trump, his 6-foot-7 son is interested in politics and occasionally gives him advice. Also Read: Could trapped survivors still be found in the sunken superyacht? Experts warn time is running out

The price of gold hit an all time high this week

As more older Americans navigate financial uncertainty, a significant chunk of the workforce is opting to gradually transition into retirement, according to a recent survey by WTW.

U.S. stocks are holding relatively steady after more big companies delivered profit reports that topped analysts’ expectations

Macy’s swung back to a profit in its second quarter but suffered yet another sales decline as inflationary weary shoppers rein in spending, with their focus increasingly on buying the essentials

Clothes, travel, food, liquor, flowers: There’s no end to expenses when it comes to traditional weddings

Target’s comparable sales rose for the first time in a year as grocery aisle deals for cash-strapped customers began to pay off

It all started a couple of years ago when Juliana Pache got stuck while doing a crossword puzzle, the clue making a reference she wasn’t familiar with

New York Federal Reserve, 28.4% of participants said they were looking for work, which is a rise from 19.4% one year ago and the highest percentage since March 2014. That covers both those who are currently unemployed and those who are employed but looking for new opportunities. Even though some economists are lowering their predictions of a recession, the results of the New York Fed's thrice-annual Survey of Consumer Expectations Labor Market Survey provide more proof that the U.S. economic outlook is becoming worse. Although it is still relatively low at 4.3%, the unemployment rate has increased from its 3.5% post-pandemic low. Also Read: Is Prince Andrew facing an unexpected relocation? Know King Charles’ next move