A U.K. Parliament committee said it was concerned by government proposals to regulate consumer trading of crypto as a financial service.Story Published at: May 17, 2023 at 01:13PM
Cryptos have no intrinsic value and trading in them should be regulated like gambling, UK lawmakers say
Crypto firm Ripple buys Swiss startup as SEC crackdown forces companies to consider overseas moves
Blockchain firm Ripple acquired Metaco, a Swiss crypto custody services firm, the company announced Wednesday.Story Published at: May 17, 2023 at 01:03PM
Stellantis warns UK risks exodus of EV production under post-Brexit rules
The auto giant faces a steep rise in export tariffs for EVs sent between the U.K. and EU that it says threaten its operations in the U.K.Story Published at: May 17, 2023 at 12:49PM
Almost half of Gen Zs have side jobs as money fears take over, survey finds
Gen Zs and millennials are increasingly taking on additional full- or part-time jobs, often to supplement their income.Story Published at: May 17, 2023 at 11:12AM
China’s Tencent posts 11% jump in quarterly revenue — the fastest growth in more than a year
Investors are focusing on whether the reopening of China’s economy will give a boost to the country’s tech giants, including Tencent. Story Published at: May 17, 2023 at 09:49AM
UBS expects $17 billion hit from Credit Suisse rescue, flags hasty due diligence
UBS estimates a financial hit of around $17 billion from its emergency takeover of Credit Suisse, according to a regulatory filing.Story Published at: May 17, 2023 at 08:44AM
CNBC Daily Open: Inflation weighed on consumer spending
Any positive momentum stocks had on Monday dissipated yesterday, as downbeat economic signs weighed on indexes.Story Published at: May 17, 2023 at 07:30AM
‘Foreign investors are back’: Japan stocks surge to their highest since 1990
Japan’s Topix marked a 33-year high on revived hopes for Japanese equities, with the index outperforming its regional peers year-to-date.Story Published at: May 17, 2023 at 04:23AM
‘Benefits outweigh the harm’: Worried about their livelihood, small business owners push back on potential TikTok ban
“TikTok has become a scapegoat … Bytedance is not the first, nor will it be the last, company that misuses our personal data,” said one small business owner.Story Published at: May 17, 2023 at 01:40AM
Elon Musk says tension between U.S. and China ‘should be a concern for everyone’
Elon Musk expressed worry about China’s ambitions in Taiwan. Tesla’s Shanghai factory produces Model 3 and Model Y vehicles.Story Published at: May 17, 2023 at 12:40AM