European markets nudge higher ahead of Powell’s Jackson Hole speech; Watches of Switzerland down 20%
European markets were higher on Friday as traders await signals from Federal Reserve officials as to the likely path of monetary policy.
Mastercard ends Binance card partnership in latest blow to crypto giant
Mastercard will no longer offer Binance-branded cards in Latin America and the Middle East, which let customers user their crypto to purchase goods.
Alibaba launches AI model that can understand images and have more complex conversations
Alibaba’s artificial intelligence push is being driven by its cloud computing division which is looking to reignite growth as it prepares to go public.
Watches of Switzerland shares plunge by a quarter after Rolex buys retailer Bucherer
The Watches of Switzerland Group lost a quarter of its value on Friday after luxury watchmaker Rolex announced a deal to buy watch retailer Bucherer.
Dubai luxury home prices soar by almost 50%, with Tokyo’s up 26%. Here’s where other cities stand
Taking second and third places were Tokyo, which saw an annual 26.2% rise, and Manila, which climbed 19.9%.
De-dollarization still a long way off, Indian minister says after BRICS talk of a common currency
Despite trades in the oil markets done in the yuan and rupee, the U.S. dollar will still remain the mainstay of oil trades.
Shares of China’s food delivery leader Meituan fall more than 5% on weaker Q3 outlook
Meituan shares fell 5% Friday after CEO Wang Xing warned of a food delivery slowdown in the third quarter during the firm’s latest earnings call on Thursday.
CNBC Daily Open: Jackson Hole anxiety overshadows Nvidia
Even Nvidia’s blockbuster earnings couldn’t quell investor anxiety over Jackson Hole.
China’s EV slowdown drags down Nvidia’s ‘next billion-dollar business’
Chipmaker Nvidia this week soundly beat analysts’ expectations for major revenue lines — except in automotive — as Chinese demand for electric cars moderates.
Europe’s summer of extremes triggers health warnings, nuclear output fears and shipping disruption
Europe’s protracted battle with extreme weather conditions comes shortly after official data showed July was the hottest month in history.
