Market Overview - Page 129

The world’s biggest crypto exchange Binance is not capable of being supervised properly and poses a significant risk to consumers, Britain’s Financial Conduct Authority (FCA) said in a document published on Wednesday. The exchange has come under pressure from regulators.

U.S. stocks climbed higher Wednesday, helped by banks and reopening stocks as the 10-year Treasury yield climbed higher. The Dow Jones Industrial Average rose 106 points. The S&P 500 added about 0.3% to touch 4,500 for the first time, and.

China expert George Magnus disagrees with Bridgewater Associates’ Ray Dalio on Beijing’s tech crackdown. In a LinkedIn post this month, Dalio said investors were misconstruing a clampdown by China on sectors including fintech, online tutoring and food delivery as “anti-capitalist.”.

OnlyFans said Wednesday it has “suspended” plans to ban pornography, in a stunning U-turn that came after fierce backlash from its users. A spokesperson for the online subscription platform told CNBC that the proposed changes were no longer required “due.

Germany’s business climate continues to deteriorate, says ifo in its monthly report. For the second month in a row, the general index and the expectations component fell. At the same time, the assessment of current conditions continues to improve. Supply.

The S&P500 index closed at historic highs for the 50th time this year, gaining 0.15% on the day. There is a lull in the currency market waiting for monetary policy signals from Jackson Hole. This situation is quite dull for.

Asian stocks were steady Wednesday as a rebound in Chinese technology stocks stalled and traders weighed the resilience of the economic recovery to the fast-spreading delta virus strain. The dollar edged higher. A Hong Kong gauge of Chinese tech names.

Chinese companies wanting to go public — including overseas — must comply with two main aspects of a wider set of regulations, the vice minister for the country’s cybersecurity regulator said Tuesday. One is the national laws and regulations, Cyberspace.

Hydrogen fuel cell vehicles are set to become a major player in China’s commercial truck market, predicts JPMorgan’s Elaine Wu. “Currently, the fuel cell vehicles account for less than 5% of the commercial truck market in China and that could.

The automotive sector was hit the hardest by supply chain disruptions during the Covid-19 pandemic, according to a survey that covered six broad industries. The survey was conducted by the Economist Intelligence Unit and sponsored by Citi. It surveyed 175.

President Joe Biden told G-7 leaders during an emergency meeting on Tuesday that he will keep the timeline previously set for the full U.S. troop withdrawal from Afghanistan, though the U.S. is also making contingency plans should an extension proves.

Seven months since U.S. President Joe Biden took office, his administration has yet to establish a trade policy with China. U.S. Trade Representative Katherine Tai said Tuesday the “Biden-Harris Administration and USTR are conducting a comprehensive review of U.S.-China trade.