The relentless rally in US stocks lost some traction on Wednesday as the Federal Reserve signaled interest-rate hikes are still on the table after pausing its tightening cycle in June to assess economic conditions.
Prices in the cryptocurrency market slumped across the board after the Federal Reserve signaled the possibility of resuming its interest-rate hikes after pausing its tightening cycle.
A week after topping Apple Inc.’s iTunes chart, popular versions of a Hong Kong protest anthem are unsearchable on the platform, as the government tries to outlaw the song in the city’s courts.
SoFi Technologies Inc. advanced for a ninth straight day, as optimism over plans to restart student loan payments has yielded a record run of gains.
Delio, a South Korean digital-asset lending service, suspended customer deposits and withdrawals, citing market volatility and customer confusion caused by similar measures a day earlier by the investment platform Haru Invest.
Russia is ramping up a lobbying campaign to avoid new financial restrictions against money-laundering that may plunge its economy deeper into isolation over the war in Ukraine.
A UK printing firm that sends mail for clients ranging from major health-insurance providers to multinational banks was a victim of the extensive MOVEit cyberattack.
French President Emmanuel Macron staked out his country’s response to the European Parliament’s AI act, pledging to support startups while setting the stage for a dispute with the bloc on proposed restrictions.
BCE Inc. will eliminate 1,300 jobs to cut costs as part of a companywide restructuring that also sees the closure of some foreign news bureaus and Canadian radio stations.
The European Union’s executive arm will propose making banks, insurers and funds share customer data with fintechs in return for payment to spur the development of digital finance in the bloc.
