Companies face risk of huge fines and suspensions under tough new cyber rules in the EU
Companies could face hefty fines or even suspensions of service in the EU under strict new cybersecurity regulations set to come into force next month.
China’s yuan jumps to 16-month high, state banks step in to curb gains
China’s yuan hit a 16-month high on Friday, boosted by hopes of new stimulus from Beijing, but gains were limited by dollar buying from state banks.
Anthony Scaramucci says he is ‘working alongside’ Kamala Harris on her campaign’s crypto policies
“I believe that we are making progress, and I think it’s going in the right direction,” Scaramucci said at the annual TOKEN2049 event in Singapore.
Bank of Japan keeps key interest rate steady as it treads cautiously on normalizing policy
The decision came as the central bank seeks to wean its economy off the long-held ultra-easy monetary policy and curb the yen’s slide against the U.S. dollar.
Want to go ‘behind the scenes’ at a Formula 1 race? See how many hotel points it takes
Forget free rooms. Travelers are amassing hotel points to bid on ‘money-can’t-buy’ experiences to Formula One races, NFL and NBA games, and concert performances from Taylor Swift and Ed Sheeran, with some loyalty members pledging millions to attend a s…
China unexpectedly leaves benchmark lending rates unchanged after Fed’s jumbo cut
The People’s Bank of China (PBOC) said it would keep the one-year loan prime rate (LPR) at 3.35%, as well as the five-year LPR at 3.85%.
CNBC Daily Open: One day makes all the difference
“Twenty-four little hours / Brought the sun and the flowers / Where there used to be rain,” sings Dinah Washington. She could’ve been singing about markets.
Trump says Fed’s rate cut was ‘political move’
Republican presidential candidate Donald Trump said on Thursday the U.S. Federal Reserve’s decision to cut interest rates by half of a percentage point was “a political move.”
Japan’s Nikkei leads gains in Asia Pacific after Wall Street soars; BOJ and PBOC hold rates
Traders in Asia also look toward August consumer prices index from Japan and Hong Kong, and central bank decisions from Bank of Japan and People’s Bank of China.
This under-the-radar stock in Nvidia’s supply chain is a ‘hidden gem,’ Jefferies says
Jefferies initiated coverage of the stock with a buy rating and target price of 76 euros ($84), giving it potential upside of about 28%.
