You have created a simple page name News from the Admin and displayed under the Blog Menu. You have to create a page template and use the WordPress loop to display your posts. You can use this code in your page template and select templates when you publish the page.
$args = array(
'post_type' => 'post',
'order' => 'DESC',
);
$the_query = new WP_Query( $args );
while ($the_query -> have_posts()) : $the_query -> the_post();
php the_title();
the_excerpt(__('(moreā¦)'));
endwhile;
You can pass more parameters to filter your loop as per your need.