President Financial News

The Financial Industry Regulatory Authority plans to extend its remote inspections program, according to a filing with the Securities and Exchange Commission.

US Treasury yields were little changed to modestly higher on Wednesday, as traders took a breather after a months-long sell-off fueled by expectations that the Federal Reserve will keep rates high for some time to bring inflation down to its 2% target. Yields, however, are expected to stay high, with the latest pullback seen as a minor blip. «In the near term, there is pro-active reluctance to buy (Treasuries) particularly given the speed of the latest sell-off,» said Ben Jeffrey, rates strategist, at BMO Capital in New York. «There are definitely enough risks out there in terms of labor market growth and the economy, as well as the risk of a government shutdown that will eventually help to bring some demand and push rates lower,» he added. In the credit default swaps market, the threat of another government shutdown sent one-year credit default swaps to their widest since June 1, when the US government was on the cusp of a technical sovereign default as politicians in Washington haggled over the borrowing limit. U.S. one-year credit default swaps widened to 22 bps on Wednesday, from 21 bps at Tuesday's close.

P K Mishra on Wednesday reviewed the follow-up on the outcome of G20 Summit and asked officials to prepare for the G-20 virtual summit. Prime Minister Narendra Modi has announced a virtual summit in November. Brazil will take over the influential bloc's presidency from India in December.

operate beach shacks for three tourist seasons – stretching roughly from September 1 to May 31 each year. By June 10, the temporary structures would have to be mandatorily destroyed. The licences would be issued only to unemployed persons holding Goan domicile.

NEW DELHI : The finance ministry will hold a series of meetings with various ministries and departments starting early October to finalize the revised budget estimates for FY24 and the FY25 budget numbers with a pre-election focus on balancing a possible rise in subsidy requirements with the need to maintain fiscal prudence. As many as 65 meetings will be held within a span of a month, a person informed about the official schedule of consultations said.

(Reuters) -The top U.S. markets regulator on Wednesday told Washington lawmakers that a looming shutdown of the federal government would reduce his agency's staffing to «skeletal» levels, blocking it from approving companies' Wall Street debuts and hindering its ability to respond to any market turmoil.

An Omaha, Nebraska-based team that managed $605 million in client assets at Principal Securities has switched to LPL Financial and will use its broker-dealer, RIA and custodial platforms, the firm announced Wednesday.

The principal membership organization and trade association for certified financial planners has a new president-elect and treasurer for the coming year. The Financial Planning Association announced Wednesday that its board elected Paul Brahim as 2024 president-elect. Brahim’s one-year term is slated to start Jan. 1.

Narendra Modi on Wednesday said his aim is to make India a global growth engine and expressed confidence that the country will soon emerge as an economic powerhouse of the world. Speaking at an event to mark 20 years of success of the Vibrant Gujarat Summit, Modi said they sowed small seeds of a «Vibrant Gujarat» 20 years ago, and today it has developed into a big tree. Modi also said that Vibrant Gujarat became a success at such a time when the previous central government (UPA dispensation) was «indifferent» to the industrial progress of the state.

By Trevor Hunnicutt

Ranbir Nandan was on Wednesday expelled from the party, amid speculations that he was planning a return to the BJP, which he had quit a decade ago. Nandan shared a screenshot on social media of a letter addressed to Chief Minister Nitish Kumar and JD(U) national president Rajiv Ranjan Singh 'Lalan' informing them that he was «resigning from the party's primary membership».

Digital record keeper Vestwell continues to grow as program administrator for state retirement plans.

Siddaramaiah on Wednesday took a swipe at the former Prime Minister H D Deve Gowda-headed JD (S), saying it should not call itself a secular party after forging an electoral alliance with the BJP for the 2024 Lok Sabha elections. JD(S) on Friday decided to ally with the BJP following a meeting of its leader and former Chief Minister H D Kumaraswamy (Gowda's son) with Home Minister Amit Shah and BJP national President J P Nadda in New Delhi.

Modi on Wednesday said he does not have a house in his name, but his government turned lakhs of daughters in the country house-owners. PM Modi, who has been on a two-day visit to Gujarat starting Tuesday, was speaking at the launch of various development projects worth over Rs 5,000 crore, including projects worth Rs 4,500 crore related to education sector, in Bodeli town of tribal-dominated Chhotaudepur district of Gujarat. «Since I spent significant time with you, I know the issues faced by the poor people and I have always tried to solve those issues.

Investing.com -- Stock futures point higher, suggesting a rebound for Wall Street's main indices following a day of declines on Tuesday. Elsewhere, the U.S. Senate makes headway on a bipartisan measure to avert a government shutdown that is now only days away, while Hollywood's writers guild votes to end a long-standing strike.

Two Indianapolis-based RIA firms have combined to create a new brand with more than $750 million in assets under management.

In a significant ruling, Judge Arthur Engoron determined Tuesday that Donald Trump and his real estate company had deceived financial institutions, insurers and other entities by drastically inflating asset values and misrepresenting his net worth in official documents meant for deal-making and obtaining financing.

Morgan Stanley’s Guy Metcalfe, who helped build out the bank’s real estate banking business, will retire after 33 years at the firm.

Former Chrysler CEO Bob Nardelli discusses the ongoing negotiation talks between the UAW and the Big Three automakers on 'The Claman Countdown.'

consumer goods to push consumer demand has become a big challenge for distributors who are finding no space to store such products, leading them to write to the Ministry of Public Distribution that there should be only four pack sizes. The new smaller packs are “leading to retailer reluctance, placing extra burden on retailers as they have to keep on adding new packs, leading to inventory management challenges, and impacting distribution efficiency,” said Dhairyashil Patil, national president of the All India Consumer Products Distributors Federation (AICPDF), which represents more than four lakh distributors and stockists.

Fujifilm Business Innovation on Wednesday announced its foray into the office printer business in India to tap the high growth potential. India will be the 15th operation for the company in the Asia Pacific (APAC) region for the office printer business and is targetting government offices as one of the main customers, Fujifilm Business Innovation Asia Pacific Pte Ltd President Masatsugu Naito said.