Apple, Google, Meta face EU probe for potential violations of sweeping Digital Markets Act
Apple, Google and Meta are facing violations investigations related to a sweeping new European law aimed at cracking down on anti-competitive business practices, EU regulators said on Monday. The European Union’s antitrust agency, the European Commission, said its investigation looked into “Alphabet’s rules for Google Play operations and self-prioritization in Google search, Apple’s rules for […]
Markets Week Ahead: Gold Overreacts, Sterling Sinks and USD Advances – DailyFX
Suggesting the possibility of a change in momentum with the golden whipsaw Precious metals rallied phenomenally following the FOMC meeting and summary of the latest economic forecasts. The US dollar acted as a vent for all the hawkish sentiment that was priced into the market. Some in the market feel obligated to remove one interest […]
Asian Stocks Retreat After US Shares Hit Record: Markets Wrap – Yahoo Finance
(Bloomberg) — Asian stocks retreated Friday as U.S. stocks hit another all-time high and investors parsed economic data for signals on the trajectory of interest rates around the world. Most Read Articles on Bloomberg Stock prices in Australia and South Korea fell, but Japanese stocks rose slightly. Hong Kong and China both started lower. The […]
European stocks slightly higher as markets look ahead to Fed meeting – CNBC
1 hour ago BIS says central bank has made ‘significant progress’ in cutting interest rates An eagle stands atop the facade of the Federal Reserve Building in Washington, D.C., July 31, 2013. Reuters/Jonathan Ernst/ Jonathan Ernst | Reuters The US Federal Reserve (Fed) and the European Central Bank (ECB) appear poised to make “significant progress” […]
Stocks Gain Led by Japan on BOJ Rate Hike Momentum: Markets Wrap – Yahoo Finance
(Bloomberg) — Asian stocks rose led by Japanese shares, entering a week that includes policy decisions from the Bank of Japan and the Federal Reserve that are likely to determine the near-term direction of global markets. Most Read Articles on Bloomberg The MSCI Asia Pacific Index rose in Asian trading, supported by gains in Japan […]
Bitcoin Will 'Eat' Gold As Price Hits New Record Highs: Michael Saylor – Markets Insider
Michael Saylor said that Bitcoin “eats” gold because it has all the pros and none of the cons. Interview with CNBC. The comments came after Saylor’s company MicroStratgy purchased an additional 12,000 Bitcoin this week. MicroStrategy currently owns approximately 205,000 tokens worth over $14 billion. Thank you for registering! Access your favorite topics in a […]
Stocks Rise With Traders Braced for CPI Volatility: Markets Wrap – Yahoo Finance
(Bloomberg) — U.S. stock futures rose along with European stocks ahead of much-anticipated U.S. inflation data that will help decide when the Federal Reserve will finally ease monetary policy. Most Read Articles on Bloomberg Citigroup says the options market is more worried about the S&P 500’s big swings after the inflation report than about next […]
European markets lower; Raiffeisen Bank down 6.7% – CNBC
51 minutes ago US markets start low 1 hour ago Stock price rise: Zealand Pharma, Besi falls Europe’s Stoxx 600 index fell on Monday, with losses at Dutch semiconductor equipment design company Vesi falling 8.8%. This comes after the company plunged on Friday after analysts expressed concerns about its hybrid bonding technology business, Reuters reported. […]
Bitcoin Halving: What It Means, Potential Impact on Crypto's Price – Markets Insider
The next Bitcoin “halving” event is scheduled to take place in April. Previous halvings have increased the value of cryptocurrencies by reducing the number of new tokens in circulation. Bitcoin hit a new all-time high on Tuesday, and some analysts believe its price could reach six digits by the end of 2024. Thank you for […]
Europe’s Digital Markets Act forces tech giants to make changes to be ‘fairer’
LONDON — Europeans scrolling through their phones and computers this week will have new choices about their default browser and search engine, where they download iPhone apps and how they use their personal online data. These are some of the changes required under the Digital Markets Act, which classifies six tech companies as “gatekeepers” including […]