Banks face tough new security standards in the EU — their tech suppliers are under scrutiny, too
By January 2025, banks and their tech suppliers will have to comply with a new EU law known as DORA. It could help prevent major IT disruptions in future.
Apple could charge up to $20 for some Apple Intelligence AI features, analysts say
Apple plans to rollout Apple Intelligence, its forthcoming AI system, across some of its devices later this year.
India’s Nifty 50 is outperforming the S&P 500 so far this year
The South Asian benchmark has surged 11.5% so far this year, outpacing the S&P 500’s 8.7% gain, and crossed the 25,000 level for the first time last week.
CNBC Daily Open: Wall Street rebound fizzles out
Wall Street’s comeback attempt fizzles out. JPMorgan’s Jamie Dimon sees recession ahead. Warner Bros. sinks on $9.1 billion write-down.
Asia markets mixed as Wall Street recovery stalls; investors assess Japan trade data
Japan’s current account surplus for June came in at 1.533 trillion yen, lower than the 1.789 trillion yen expected by economists polled by Reuters.
China will have nearly twice as many pets as young children by 2030, Goldman Sachs says
The country’s urban pet population is set to hit over 70 million by the end of the decade, while the number of children under the age of four will dwindle to less than 40 million.
China’s exporters enjoyed the benefits of a weak yuan. Now that’s changing and cutting into profits
Chinese companies seeking growth from exports face a new challenge: a strengthening yuan.
The S&P 500 made big swings this week. Here’s how stocks usually trade in August
To some investors, the big moves moves week shouldn’t come as a surprise.
Morgan Stanley names a ‘defensive’ and cheap Taiwanese AI stock to own amid volatility
One Taiwanese stock has everything going for it — it’s not just a defensive play amid recent market choppiness, but it’s also an AI trade, Morgan Stanley says.
‘Mag 7’ stocks are cheap and a buy after sell-off as long as no recession, Morgan Stanley says
This week’s steep sell-off in the market’s reigning technology leaders could be a buying opportunity for investors, according to Morgan Stanley.
