New York Financial News

Key takeaways:

Shohei Ohtani remained the top-selling jersey during the first half of the season, followed by Bryce Harper and Aaron Judge

The founder of Archegos Capital Management has been convicted of securities fraud in a scheme that prosecutors say cost global investment banks billions of dollars

There's more upheaval in the media business

Most U.S. stocks are rising after the latest update on inflation bolstered Wall Street’s belief that relief on interest rates may come as soon as September

The Associated Press says it will provide free campaign and election night coverage to dozens of small and independent newsrooms located in swing states, through a program funded by a Knight Foundation grant

Stocks that are trading heavily or have substantial price changes on Tuesday: Assured Guaranty, Kymera rise; BP, Helen of Troy fall

Joe Biden to step out of the U.S. presidential election race, mounting expectations of a September Fed rate cut, Q2 earnings, an ECB meeting and Britain's king unveiling the legislative programme of the new Labour Government. Don't race off for that summer break just yet.

neurological experts and doctors who are involved in diagnosing Parkinson’s disease have pointed out US President Joe Biden is displaying symptoms of this neurodegenerative disorder. This has raised question on his declining cognitive health as well as his fitness to continue in office for a second term. It is in this regard that a doctor who replied to an op-ed on New York Times said that Biden should not step down and he can still continue in office. There have also been calls to replace Biden on the ballot box due to his health concerns. The President has denied all reports pertaining to his health and also resolved to continue his presidential bid.

An Air Europa flight en route to Uruguay was forced to make an unexpected stop in Brazil after severe turbulence injured more than 30 people on Monday, fracturing the necks and skulls of several passengers.

chip giant TSMC into the elite club of the world's most valuable companies is further proof that the generative AI revolution is shaking up Wall Street. TSMC, listed in both Taiwan and New York, briefly broke the one trillion dollar market capitalization barrier on Monday, putting it ahead of Tesla as the seventh most valuable technology giant on the stock market.

White House staff and those who are working closely with President Joe Biden have been left baffled after the first US Presidential debate. It has been reported by the New York Post that the president has been continuously expressing his anger and taking it out on his aides. The staff were also not briefed regarding the outcomes of the first presidential debate and were left with many unanswered questions, according to Axios. White House has dismissed these reports and clarified that Biden has been receptive of different ideas and is preparing for the election campaign ahead of the US Presidential Election in November. Also Read: US Independence Day 2024: What and where to watch on TV on 4th July? Series, shows, movies and more

Target says it will no longer accept personal checks from shoppers as of July 15

Meme trader Keith Gill, popularly known for his role in the GameStop trading frenzy, has disclosed owning a 6.6% stake in Chewy, according to a recent filing with the United States Securities and Exchange Commission (SEC).

Meghan Markle is eager to patch up with Princess Kate Middleton and is regretting the lingering divide within the royal family. Though genuinely wounded by recent confrontations, insiders close to Markle underline her desire to put any hatred behind her and make peace with Middleton, as reported by CBN. At the official funeral of Queen Elizabeth II in 2022, they had their final encounter. Aiming for peace According to insiders, Markle never meant for Middleton to suffer damage and regrets the way that recent events have turned out. Markle's friends confirm that she sincerely wants to settle disputes peacefully, even if they also acknowledge that she could have handled things differently, as reported by the 'New York Post'. Differing perspectives

Wells Fargo & Co. shares suffered their biggest intraday drop since the depths of last year’s regional-bank crisis as the lender’s second-quarter results were marred by higher-than-expected costs.

Former TV host Carlos Watson has taken the witness stand in the criminal trial surrounding the collapse of his Ozy Media

Joe Biden has received much needed backing from an eminent American presidential historian who managed to accurately foretell outcome of nine of the past 10 American Presidential elections, as per a New York Post report. American University history professor Allan Lichtman has also advised Democratic Party leadership not to think about dropping Biden out of the Presidential election race. Lichtman also allayed fears over 81-year-old Biden's psychological fitness. While talking to CNN News Central, Lichtman cited Hillary Clinton's example as many pundits in 2016 claimed that Democratic nominee won three out of three debates and Trump's chances were thought to be diminishing. However, results of Presidential election showed that America didn't get its first women President and Trump mania roared on the ballot.

Stocks that are trading heavily or have substantial price changes on Monday: Chewy, Blackrock fall; Spirit AeroSystems, Amedisys rise

New York on Wednesday launched a dedicated platform for Indian students to find internship opportunities at companies in the United States. The consulate on a social media platform X said, «As part of the initiative to support Indian students in its jurisdiction, India in New York has developed a platform for Indian Students to find internship opportunities at companies in the USA.» «Several Indian and American companies and organizations have agreed to consider deserving Indian students for internship opportunities,» it added.

A big gain for Tesla helped drive Wall Street to more records