Singapore among world’s first to agree to stablecoin crypto regulation
The stablecoin market is valued at around $125 billion with two tokens — Tether’s USDT and Circle’s USDC — dominating with around 90% share.
As the new Eris Covid variant spreads across the world, here’s what we know so far
EG.5 or “Eris,” now the dominant variant in the United States, is currently thought to have the same risk level as existing variants.
Russian central bank jacks up interest rates to 12% at emergency meeting after ruble plunge
Russia’s central bank on Tuesday hiked interest rates by 350 points to 12% at an emergency meeting, as Moscow looks to halt a rapid depreciation of the ruble currency.
China surprises with rate cuts as economy grapples with ‘confidence crisis’
China’s central bank unexpectedly cut rates on Tuesday, as policymakers continued to step up support for its struggling economy.
Tesla launches lower-range Model X and Model S that are $10,000 cheaper
The Tesla Model X Standard Range starts at $88,490 versus $98,490 for the Model X. The Model S Standard Range starts at $78,490 versus $88,490 for the Model S.
CNBC Daily Open: There is an alternative
Technology stocks and chipmakers helped major U.S. indexes regain their footing after ending last week in the red. Bonds, too, seem to be making a comeback.
China is on course to overtake Japan and become the world’s No.1 car exporter
China is on course to overtake Japan to become the world’s number one car exporter by the end of the year, according to Moody’s Analytics.
The Airbnb effect: why second homes have become so divisive
In early June 2023, the mayor of the Italian city of Florence announced an immediate ban on new short-term rentals in its UNESCO-protected historic center. The measure follows efforts by local authorities worldwide to regulate the expansion of Airbnbs,…
China reports big data miss in July, stops releasing youth unemployment numbers
The National Bureau of Statistics report did not include the unemployment figure for young people, which has soared to record highs in recent months.
Barclays names the global stocks benefitting from falling inflation — and gives two 60% upside
The investment bank said its “disinflation winners” are particularly adept at operating in a high interest rate environment.
