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☆ Fritz, Tiafoe lead American charge into U.S. Open second round
▼ + stars: | 2023-08-28 | by ( ) www.reuters.com time to read: +3 min

The top-ranked Americans were hardly tested as ninth seed Fritz crushed compatriot Steve Johnson 6-2 6-1 6-2 in Louis Armstrong Stadium after Tiafoe, the 10th seed, beat American Learner Tien 6-2 7-5 6-1 inside Arthur Ashe Stadium. There have been 78 consecutive Grand Slams played since Andy Roddick won the 2003 U.S. Open, and hopes that an American man can snap that title drought at one of the sport's blue-riband events have fallen largely on the shoulders of Fritz and Tiafoe. I was calm and I thought I played a really good match," said Fritz. Tiafoe faced a tricky opening test in Tien, who at 17 was the youngest player in the main draw and earned a U.S. Open wild card after winning a second consecutive USTA Boys' 18s National Championship. "I have so many good memories from last year and all I am focused on is the U.S. Open," said Tiafoe.

Persons: Frances Tiafoe, Learner Tien, Shannon Stapleton, Taylor Fritz, Fritz, Steve Johnson, Louis Armstrong, Arthur Ashe, Andy Roddick, Tiafoe, Johnson's, Tien, Tommy Paul, Stefano Travaglia, Christopher Eubanks, South Korean Kwon, Frank Pingue, Josie Kao Organizations: Tennis, Learner, U.S, REUTERS, Tiafoe, USTA Boys, New York, U.S ., South, Thomson Locations: Flushing Meadows , New York, United States, American, U.S, South Korean, Toronto

☆ Mom takes son to Churchill, Canada, for a week of education no school can match
▼ + stars: | 2023-08-26 | by ( Terry Ward | ) edition.cnn.com time to read: +14 min

We were in Churchill, a town of roughly 900 people nicknamed the “Polar Bear Capital of the World,” in Canada’s Manitoba province. A male polar bear rests during a Tundra Buggy ride into the Churchill Wildlife Management Area in August. People have to learn to co-exist with polar bears in Churchill, where some of them stay waiting for sea ice to refreeze. Hudson Bay polar bears are among the most vulnerable on Earth because of loss of sea ice, with their numbers in sharp decline. They arrive as soon as the sea ice breaks up to feast on small fish called capelin that spawn here.

Persons: we’re, I’d, Nico, Ursula, Jim Baldwin, Baldwin, Alex Cupeiro, “, Terry Ward, you’re, Terry Ward I’d, we’d, Barba, can’t, Jennifer Diment, “ Churchill, Ward, Chantal Maclean, ”, ” Maclean, ” Nico, Chantal, he’d, John Gunter, Fronters, velcroed, Indiana Jones, Joe, he’d maxed, Sandra Cook, Churchill Organizations: CNN, Polar Bears, Churchill Wildlife Management, Churchill Wildlife Management Area, Frontier North, Zodiac, Helicopters, Bear Holding, “, Churchill Locations: Churchill, Canada’s Manitoba, Florida, Hudson Bay, Hudson, Tampa, Winnipeg, Churchill’s, Svalbard, Norway, Stockholm, Oslo, Toronto, Denver, Vancouver, Washington, Ithaca, SS Ithaca

☆ In Iowa, a Voter Asks DeSantis: Why Should I Choose You Over Trump?
▼ + stars: | 2023-08-26 | by ( Nicholas Nehamas | More About Nicholas Nehamas | ) www.nytimes.com time to read: +2 min

The question from Mr. Masters was a rare chance for the governor to make his single best argument in one place. I think he appointed a lot of duds to office, and it really hurt his ability to get his agenda done. True to his debate performance and campaign trail events, Mr. DeSantis never delivered a real punch. While Mr. DeSantis may not have had a breakout moment at the debate on Wednesday, Republican voters thought he performed best of all the candidates, according to a snap poll by the Washington Post, FiveThirtyEight and Ipsos. And his campaign said he raised more than $1 million the following day, the most its raised in 24 hours, apart from the day Mr. DeSantis announced he was running.

Persons: Masters, Hillary Clinton, Paul Ryan, DeSantis Organizations: Republican, Washington Post Locations: Florida

☆ Putin Has His Revenge on Prigozhin - The New York Times
▼ + stars: | 2023-08-26 | by ( Tatiana Stanovaya | ) www.nytimes.com time to read: +2 min

No matter that Mr. Prigozhin subsequently met with the Kremlin and seemed to come and go where he pleased. If Mr. Prigozhin was assassinated, was it a snap decision or a well thought-out plan conceived after the rebellion? Whatever the truth, it’s clear that Mr. Putin had ample reason to wish for Mr. Prigozhin’s demise, and not just as a matter of rehabilitating his reputation. Yet while Mr. Putin undoubtedly sanctioned and funded these endeavors, for him the primacy of the state always took precedence. Mr. Prigozhin would be permitted his ventures as long as he remained subservient to the state apparatus.

Persons: Yevgeny Prigozhin’s, Prigozhin, Vladimir Putin, Putin, Prigozhin’s, Putin’s, It’s Organizations: Kremlin Locations: Russia

☆ Stocks swoon, dollar firms as Powell speech looms
▼ + stars: | 2023-08-25 | by ( Kevin Buckland | ) www.reuters.com time to read: +5 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 15, 2023. Crude oil found its footing around one-month lows, but remained on course for a second weekly decline amid a firmer dollar and simmering China-centred worries about global growth. "However, there is also no real reason for Powell to strike a dovish tone," he added, "and that could mean an ugly end to the week for stocks, while the dollar shines." Against Japan's currency , the dollar edged tentatively back toward last week's nine-month high of 146.545, trading as strong as 146.21. In energy markets, crude prices rose slightly on Friday, but remained on track for weekly declines of between 1.5-2.5%.

Persons: Brendan McDermid, Jerome Powell, Jackson, Kazuo Ueda, Christine Lagarde, Powell, Matt Simpson, Simpson, Patrick Harker, Susan Collins, Joseph Capurso, Brent, Kevin Buckland, Jacqueline Wong Organizations: New York Stock Exchange, REUTERS, Rights, Federal, People's Bank of, Bank, Nasdaq, Japan's Nikkei, Nvidia, Advantest, Fed, Boston Philadelphia Fed, CNBC, Yahoo, U.S, Bank of Japan, CBA, Treasury, West Texas, Thomson Locations: New York City, U.S, . U.S, China, People's Bank of China, Asia, Tokyo, Jackson

☆ Dollar marches to over two-month peak ahead of Powell speech
▼ + stars: | 2023-08-25 | by ( Ankur Banerjee | ) www.reuters.com time to read: +4 min

The dollar index , which measures the U.S. currency against six rivals, rose 0.173% to 104.25, the highest since June 7. The index is up more than 2% in August and is set to snap its two-month losing streak. Wong said Powell is likely to stress that policy outcome remains highly dependent on economic data. "He does not need to be dovish but a less hawkish speech could see dollar ease off." The Australian dollar eased 0.20% to $0.641, while the New Zealand dollar fell 0.27% to $0.590.

Persons: Dado Ruvic, Jerome Powell, Powell, Christopher Wong, Wong, Patrick Harker, Susan Collins, Tom Hopkins, I'd, Ankur Banerjee, Jacqueline Wong Organizations: REUTERS, Rights, U.S, Federal, Jackson, Federal Reserve, Philadelphia Fed, Boston Fed, BRI Wealth Management, Bank of Japan, New Zealand, Thomson Locations: U.S, Singapore, Japan's Tokyo, Tokyo

☆ Dollar loiters at two-month peak ahead of Powell speech
▼ + stars: | 2023-08-25 | by ( ) www.cnbc.com time to read: +3 min

The U.S. dollar sat at an over two-month peak on Friday, on course for its sixth straight week of gains as markets await a speech from Federal Reserve Chair Jerome Powell to gauge the path of monetary policy. Investors will parse through Powell's address on monetary policy at the Jackson Hole Economic Policy Symposium at 10:05 a.m. The dollar index , which measures the U.S. currency against six rivals, rose 0.019% to 104.11, the highest since June 7. "He does not need to be dovish but a less hawkish speech could see dollar ease off." The Australian dollar eased 0.05% to $0.642, while the New Zealand dollar fell 0.02% to $0.592.

Persons: Jerome Powell, Powell, Christopher Wong, Wong, Patrick Harker, Susan Collins —, Tom Hopkins, I'd Organizations: U.S, Federal, Jackson, Federal Reserve, Fed, Boston Fed, BRI Wealth Management, New Zealand Locations: U.S, Singapore

☆ Stocks sink, dollar climbs as risk of hawkish Powell looms
▼ + stars: | 2023-08-25 | by ( Kevin Buckland | ) www.reuters.com time to read: +5 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 15, 2023. Crude oil found its footing around one-month lows, but remained on course for a second weekly decline amid a firmer dollar and simmering China-centered worries about global growth. "However, there is also no real reason for Powell to strike a dovish tone," he added, "and that could mean an ugly end to the week for stocks, while the dollar shines." Against Japan's currency , the dollar edged back toward last week's nine-month high of 146.545, last trading at 146.15. The Chinese yuan traded slightly weaker in offshore markets , slipping 0.07% to 7.2866 per dollar.

Persons: Brendan McDermid, Jerome Powell, Jackson, Kazuo Ueda, Christine Lagarde, Powell, Matt Simpson, Simpson, Patrick Harker, Brent, Kevin Buckland, Jacqueline Wong Organizations: New York Stock Exchange, REUTERS, Rights, Federal, People's Bank of, Bank, Nasdaq, Japan's Nikkei, Nvidia, Advantest, Philadelphia Fed, CNBC, U.S, Treasury, West Texas, Thomson Locations: New York City, U.S, . U.S, China, People's Bank of China, Asia, Tokyo

☆ Netflix nabs another top Snap exec to build its advertising business
▼ + stars: | 2023-08-25 | by ( Lucia Moses | ) www.businessinsider.com time to read: +2 min

Netflix has drafted another top Snap alum to help build the streamer's new ads tier. David Roter joined from Snap, where he worked with now-Netflix ad leaders Jeremi Gorman and Peter Naylor. Netflix has drafted another top Snap alum to help build the streamer's new ads tier. David Roter has followed fellow Snap alums Jeremi Gorman and Peter Naylor to the streamer. The streamer conceded in its last earnings call that its ad business is still small but that it sees the business eventually generating 10% of revenue.

Persons: David Roter, Jeremi Gorman, Peter Naylor, Roter, Naylor, Gorman, It's, execs Organizations: Netflix, Global Agency, Brand, Twitter, ESPN

☆ Large US tech companies face new EU regulations
▼ + stars: | 2023-08-25 | by ( Brian Fung | ) edition.cnn.com time to read: +10 min

Although the European Union’s Digital Services Act (DSA) passed last year, companies have had until now to prepare for its enforcement. Friday marks the arrival of a key compliance deadline — after which tech platforms with more than 45 million EU users will have to meet the obligations laid out in the law. But the list finalized in April includes the most powerful tech companies in the world, and, for those firms, violations can be expensive. The DSA permits EU officials to issue fines worth up to 6% of a very large platform’s global annual revenue. In a statement, a Microsoft spokesperson told CNN the DSA deadline “is an important milestone in the fight against illegal content online.

Persons: “, TikTok, “ We’ve, ”, Nick Clegg, Meta, Snap, Apple, Pinterest, Robert Grosvenor, Alvarez, ” Grosvenor, Thierry Breton, Breton, X, Agustin Reyna, Court’s, ” TikTok Organizations: CNN, Amazon, Apple, Google, Meta, Microsoft, Union’s Digital Services, EU, DSA, Companies, Facebook, European Commission, X Locations: Europe, London, “, BEUC

☆ Vanuatu court rules pro-Western premier lost no-confidence vote
▼ + stars: | 2023-08-25 | by ( ) www.reuters.com time to read: +2 min

Supreme Court judge Edwin Goldsbrough ruled on Friday that an absolute majority in a parliament with 51 members is 26. If there is no appeal, or it is rejected, parliament would vote in a new prime minister. Loughman drew Vanuatu closer to China as the previous prime minister. He has criticised the security pact with Australia, saying it compromises Vanuatu's "neutral" status and could jeopardise development assistance from China. The United States and its allies are seeking to dissuade Pacific Islands nations from establishing security ties with Beijing, after China signed a security pact with the Solomon Islands.

Persons: Alatoi Ishmael Kalsakau, Eduardo Munoz, Ishmael Kalsakau, Bob Loughman, Kalsakau, Edwin Goldsbrough, Loughman, Emmanuel Macron, Macron, Kirsty Needham, Mark Heinrich Our Organizations: United Nations Headquarters, REUTERS, Rights, Vanuatu, Thomson Locations: Vanuatu, New York City, U.S, China, Australia, Western, Pacific, United States, Beijing, Solomon Islands

☆ CNBC Daily Open: Jackson Hole fears overshadow Nvidia
▼ + stars: | 2023-08-25 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Rally fizzles outU.S. stocks closed lower Thursday as an earlier Nvidia-sparked rally fizzled out, while Treasury yields climbed higher. Low trading volumes, economic weakness in China and high Treasury yields are all contributing to the August sell-off, writes CNBC's Fred Imbert. This ETF, however, consists of just one stock — and aims to deliver a 1.5-times return on a daily basis.

Persons: Jerome Powell, paring, Nvidia's, Fred Imbert, South Africa —, BRICS, it's Organizations: U.S . Federal Reserve, CNBC, Nvidia, AMD, Intel, Nasdaq, United, United Arab Emirates, Exchange Locations: Moran , Wyoming, Turkey, China, Brazil, Russia, India, South Africa, Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, United Arab

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 19, 2023. While inflation has come down from its peak, Powell said, it still remains high and policymakers would "proceed carefully" in deciding further interest rate moves. "But he also threatened to drop the hammer again if the economy and job market run too hot. The S&P index recorded two new 52-week highs and seven new lows, while the Nasdaq recorded 12 new highs and 149 new low. Reporting by Amruta Khandekar and Shristi Achar A; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.

Persons: Brendan McDermid, Nordstrom, Jerome Powell's, Powell, David Russell, advancers, Amruta Khandekar, Shinjini Organizations: New York Stock Exchange, REUTERS, Marvell Technology, Dow, Nasdaq, Jackson, Treasury, Fed, Dow Jones, NYSE, Thomson Locations: New York City, U.S, Maui

☆ Meghan Bobrowsky — Reporter at The Wall Street Journal
▼ + stars: | 2023-08-24 | by ( Meghan Bobrowsky | ) www.wsj.com time to read: +1 min

Meghan BobrowskyMeghan Bobrowsky is a technology reporter in The Wall Street Journal’s San Francisco bureau. She covers breaking news across the tech industry and explores emerging trends affecting digital consumption, including around social media, the metaverse and virtual reality. She also writes about disruptions in the digital advertising industry that have impacted companies such as Snap and Meta. Meghan previously held roles at the Miami Herald, the Philadelphia Inquirer, the San Francisco Chronicle and the Sacramento Bee. Meghan is from Davis, Calif., and graduated with a degree in politics from Scripps College, part of the Claremont Colleges Consortium.

Persons: Meghan Bobrowsky Meghan Bobrowsky, Meghan, Elon Musk’s, Meta’s, Elizabeth Holmes, Sunny Balwani Organizations: San, Elon, Twitter, Miami Herald, Philadelphia Inquirer, San Francisco Chronicle, Sacramento Bee, Calif, Scripps College, Claremont Colleges Consortium Locations: San Francisco, Covid, Davis

☆ The CEO of an investment research firm who correctly called the crashes of Coinbase and Snap warns that Nvidia trades at a 'ridiculously high' valuation and is almost 400% above fair value. Here are 3
▼ + stars: | 2023-08-24 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Nvidia has captured the hearts of investors, but at least one market veteran refuses to show the artificial intelligence pioneer any love. "Nvidia is the stock market's new Tesla, where the market blindly assigns a ridiculously high and unrealistic valuation," Trainer wrote in an email to Insider on August 24. Trainer continued: "Investors should not be chasing Nvidia stock, as it is way too expensive. "While we recognize that artificial intelligence is an exciting technology and Nvidia is a great company, investors must pay attention to a company's valuation," Trainer wrote. To live up to its current valuation, Nvidia would have to increase revenue by 20% per year for the next 25 years, the investment research firm CEO wrote.

Persons: Nvidia's, David Trainer, We're, SIMO Organizations: Nvidia, Bank of America, Rosenblatt Securities, KLA Corporation, Motion Technology Locations: Santa Clara, Nashville

The logo of Google is seen at the high profile startups and high tech leaders gathering, Viva Tech,in Paris, France May 16, 2019. REUTERS/Charles Platiau/File Photo Acquire Licensing RightsBRUSSELS, Aug 24 (Reuters) - Google will provide more information on targeted advertisements and give researchers more access to data on how its products work, to comply with landmark European Union online content rules, the Alphabet (GOOGL.O) unit said on Thursday. "We will increase data access for researchers looking to understand more about how Google Search, YouTube, Google Maps, Google Play and Shopping work in practice, and conducting research related to understanding systemic content risks in the EU," she said. It will roll out a new Transparency Center for people to access information about its policies on a product-by-product basis. Reporting by Foo Yun Chee; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

Persons: Charles Platiau, Laurie Richardson, Foo Yun Chee, Devika Organizations: Google, Viva Tech, REUTERS, Rights, European Union, Digital Services, Microsoft, Twitter, HK, DSA, Center, Thomson Locations: Paris, France, U.S

☆ Piper Sandler raises Amazon price target as the e-commerce giant nears a 'margin renaissance'
▼ + stars: | 2023-08-24 | by ( Alex Harring | ) www.cnbc.com time to read: +1 min

Investors should snap up Amazon shares as the e-commerce giant comes within reach of an inflection point, according to Piper Sandler. Analyst Thomas Champion raised his price target on the stock by $10 to $185 per share, implying upside of 36.5% from Wednesday's close. "We think now is the time to buy AMZN with margins inflecting & AWS growth troughing," Champion added, using the acronym for the company's cloud business called Amazon Web Services. Champion raised his operating income expectations for 2024 to $48 billion from $38 billion, citing greater confidence in margins. Ultimately, he called Amazon a "a must-own growth name" for the second half of this year.

Persons: Piper Sandler, Thomas Champion, — CNBC's Michael Bloom Organizations: Web Services Locations: Wednesday's

☆ ‘And Just Like That …’ Season 2 Finale Recap: On the Verge
▼ + stars: | 2023-08-24 | by ( Ali Trachta | ) www.nytimes.com time to read: +1 min

They are simply entering a five-year holding pattern that Aidan promises will go by in a silent snap. Yes, Wyatt needs steady, present parents right now, but this idea that his recovery will take precisely five years, and that they couldn’t still visit each other during that time, is contrived. The Season 2 finale doesn’t feel final at all. Instead, it feels as if each character were on the verge of becoming richer, more seasoned versions of themselves. Who would have imagined 25 years ago that the traditionalist Charlotte would become the most vocal feminist of them all?

Persons: Carrie aren’t, Aidan, Wyatt, Carrie, Aidan —, Charlotte, Harry Locations: America

☆ A food creator with almost 14 million followers shares his earnings from Snapchat, YouTube, and Facebook and how he's fundraising to donate meals for unhoused people
▼ + stars: | 2023-08-24 | by ( Shriya Bhattacharya | ) www.businessinsider.com time to read: +5 min

He's earned five figures so far this year directly from YouTube, Facebook, and Snapchat. Daoud started creating content in 2015, at age 13, by filming YouTube videos. Today, Daoud has almost 14 million followers across Snapchat , YouTube , TikTok , and Facebook . Platform Earnings YouTube $9,380 Facebook $9,265 Snapchat $4,704Daoud earns money directly from platforms' ad-revenue-share programsDaoud earns money directly from YouTube and Facebook through ads for long-form content. The money he's earned directly from Facebook so far this year is only around $100 less than what he's earned from YouTube.

Persons: Wasil Daoud, He's, Daoud, he's, TikTok, It's, it's, Jellysmack, unhoused Organizations: YouTube, Facebook, TikTok Locations: Snapchat, Los Angeles , California, New Jersey, LA

☆ August once again lives up to its dismal reputation for stocks
▼ + stars: | 2023-08-24 | by ( Fred Imbert | ) www.cnbc.com time to read: +3 min

The S&P 500 is down more than 3% this month, on pace to snap a five-month winning streak. Go back 20 years and the performance gets worse: The S&P 500 has averaged a monthly 0.1% loss in that time. The S&P 500 has averaged a 0.5% loss in September over the past 20 years. Over the past 10 years, the S&P 500 has fallen an average of 1% each September. "For S&P 500 levels, we see 4,400 as the start of support (50-day average) that extends down to 4,200 (Feb.

Persons: Brendan McDermid, Wall, —, Oppenheimer, Ari Wald, China's, Ed Yardeni, we're Organizations: New York Stock Exchange, Reuters, Nasdaq, Dow Jones, Federal Reserve, CNBC, Wall, Garden Holdings, Hang, Yardeni Research Locations: China, U.S, Hong Kong

"It's hard to envision," McEnroe said of whether anyone not named Novak Djokovic, Carlos Alcaraz, Daniil Medvedev or even Jannik Sinner could triumph. "But it would be incredible for an American player to make a breakthrough to me, but the likelihood is that it isn't going to happen. "You can see it's going to be Djokovic or Alcaraz, Medvedev is the next guy, and then Sinner. But the North American hard court swing following Wimbledon has been disappointing for the 25-year-old son of immigrant parents from war-torn Sierra Leone. Tommy Paul, who beat Alcaraz at the Canadian Open, Wimbledon quarter-finalist Christopher Eubanks and Sebastian Korda are among the other American players who will look to snap the Grand Slam dry spell at the U.S. Open, which runs from Aug. 28-Sept. 10.

Persons: Frances Tiafoe, Spain's Carlos Alcaraz, Mike Segar, John McEnroe, Andy Roddick, Taylor Fritz, McEnroe, Novak Djokovic, Carlos Alcaraz, Daniil Medvedev, Francis, Alcaraz, Medvedev, Rafa Nadal, Michelle Obama, Fritz, Djokovic, Tommy Paul, Christopher Eubanks, Sebastian Korda, Rory Carroll, Toby Davis Organizations: Spain's Carlos Alcaraz REUTERS, U.S, Flushing, ESPN, Spanish, Wimbledon, Washington DC, Canadian, U.S ., Thomson Locations: Flushing Meadows , New York, United States, New York, Flushing Meadows, American, Sierra Leone, Washington, Toronto, Cincinnati, Los Angeles

[1/3] Euro currency bills are pictured at the Croatian National Bank in Zagreb, Croatia, May 21, 2019. The services component sank to 48.3 from 50.9, its first time below the 50 mark that separates growth from contraction this year. The single currency weakened after the German data, hitting its lowest level against the dollar since June 15 at $1.0805. "The decline in services activity was a sharp move and we've seen a soft euro environment," said Niels Christensen, chief analyst at Nordea. The spot yuan opened at 7.2870 per dollar on Wednesday and was last changing hands at 7.2899.

Persons: Antonio Bronic, Niels Christensen, Martin Beck, Jerome Powell's, Powell, Nordea's Christensen, Colin Asher, Samuel Indyk, Ankur Banerjee, Kim Coghill, Mark Potter, Chizu Organizations: Croatian National Bank, REUTERS, P, European Central Bank, PMI, Bank of England, Reuters, Federal, Japan's Ministry of Finance, Mizuho, Thomson Locations: Zagreb, Croatia, Britain, July's, U.S, Europe, tenterhooks, Tokyo, London, Singapore

☆ Dollar hovers near two-month high, yen near 146/dlr
▼ + stars: | 2023-08-23 | by ( Ankur Banerjee | ) www.reuters.com time to read: +3 min

Banknotes of Japanese yen and U.S. dollar are seen in this illustration picture taken September 23, 2022. The dollar index , which measures the U.S. currency against six rivals, was at 103.55, not far from the two-month high of 103.71 it touched on Tuesday. The index is up 1.6% in August and is on course to snap its two-month losing streak. The Australian dollar rose 0.40% to $0.645, while the New Zealand dollar rose 0.29% to $0.596. In cryptocurrencies, bitcoin last rose 0.77% to $26,049, having touched two-month low of $25,350 overnight.

Persons: Florence Lo, Christopher Wong, Jerome Powell's, Wong, Thomas Barkin, Saira Malik, Atsushi Takeuchi, Fumio, Takeuchi, bitcoin, Ankur Banerjee, Christopher Cushing Organizations: U.S, REUTERS, Rights, Federal Reserve, Richmond Fed, Nuveen, Bank of, New Zealand, Thomson Locations: , Wyoming, OCBC, Singapore, U.S, tenterhooks, Tokyo, Japan

☆ Dollar hovers near two-month high, yen near 146 per dollar
▼ + stars: | 2023-08-23 | by ( ) www.cnbc.com time to read: +3 min

Photo taken on April 20, 2022 shows the Japanese yen and U.S. dollar banknotes in Tokyo, Japan. Photo taken on April 20, 2022 shows the Japanese yen and U.S. dollar banknotes in Tokyo, Japan. The U.S. dollar perched near a two-month peak on Wednesday as investors looked to the Federal Reserve chair's speech this week for cues on the path of monetary policy, while the yen loitered near 146 a dollar, keeping traders guessing on any intervention. The dollar index , which measures the U.S. currency against six rivals, was at 103.55, not far from the two-month high of 103.71 it touched on Tuesday. In cryptocurrencies, bitcoin last rose 0.77% to $26,049, having touched two-month low of $25,350 overnight.

Persons: Christopher Wong, Jerome Powell's, Wong, Thomas Barkin, Saira Malik, Atsushi Takeuchi, Fumio, Takeuchi, bitcoin Organizations: U.S, The U.S, Federal Reserve, Richmond Fed, Nuveen, Bank of, New Zealand Locations: Tokyo, Japan, The, , Wyoming, OCBC, Singapore, U.S, tenterhooks

European Commissioner for Internal Market Thierry Breton attends a news conference following an informal video conference of internal market and industry ministers in Brussels, Belgium February 25, 2021. These very large online platforms and very large online search engines have until Friday to provide their first annual risk assessment to the European Commission. "Complying with the DSA is not a punishment – it is an opportunity for these online platforms to reinforce their brand value and reputation as a trustworthy site," Breton said in a statement. "My services and I will thoroughly enforce the DSA, and fully use our new powers to investigate and sanction platforms where warranted," he said. Reporting by Foo Yun Chee; Editing by Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.

Persons: Thierry Breton, Olivier Hoslet, Breton, Foo Yun Chee, Chizu Organizations: Internal, Rights, Google, Microsoft, Twitter, Digital Services, DSA, HK, European Commission, Thomson Locations: Brussels, Belgium, Europe

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