Traffic_analyzer | Digitalvision Vectors | Getty ImagesTough new European Union regulations requiring banks to bolster their cybersecurity systems officially come into effect Friday — but many of the bloc’s financial services firms aren’t yet in full compliance with the rules.The EU’s Digital Operational Resilience Act, or DORA, requires both financial services firms and their technology suppliers to strengthen their IT systems to ensure the industry is resilient in the event of a cyberattack or any other forms of disruption. It entered into effect on Jan. 17.The penalties for breaches of the new legislation can be substantial. Financial services firms that…
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Aerial view of a ship at sea.Suriyapong Thongsawang | Moment | Getty ImagesOil-linked shipping costs rallied after last week’s announcement of tighter U.S. sanctions to drain Russia’s war coffers, in a move that poses significant threats to Moscow’s maritime distribution chains. On Jan. 10, the U.S. Treasury Department announced fresh measures to deplete Russia’s energy revenues, including sanctions against key producers Gazprom Neft and Surgutneftegas, along with 183 vessels that were “largely oil tankers that are part of the shadow fleet as well as oil tankers owned by Russia-based fleet operators.”The Treasury added that several of the designated tankers had…
Capital One said an unspecified technical issue was hampering customer account access Thursday, as some users reported issues with direct deposits.In response to complaints on social media platform X, a Capital One representative said the bank was experiencing a “tech outage” that was affecting “a variety of functions,” with no timetable for a restoration of services.Just before noon Thursday, the company released an official statement about the problem. “We are experiencing a technical issue with a third-party vendor that is temporarily impacting some account services, deposits, and payment processing for portions of our consumer, small business, and commercial bank,” it said.Late…
A trader works at his desk on the floor of the New York Stock Exchange (NYSE) during the first session of the new year on January 2, 2025, in New York City.Timothy A. Clary | Afp | Getty ImagesStock futures ticked higher early Friday after the Dow Jones Industrial Average and the S&P 500 ended a three-day losing streak.Futures tied to the 30-stock Dow added 123 points, or 0.3%. S&P 500 futures and Nasdaq 100 futures advanced 0.3% and 0.4%, respectively. The S&P 500 ended Thursday’s regular session 0.21% lower. Apple, which lost 4% in its worst day since August,…
The cause of the fatal plane crash in South Korea last month is still to be determined, but it thrust into the spotlight a subject little understood by the general public: how airplanes are maintained.Jeju Air, the airline that operated the flight in which 179 people died, said that checks before the flight had raised no concerns and that the jet, a Boeing 737-800 that was about 15 years old, had no history of accidents.While there is no evidence that poor upkeep played a role in the crash, experts say that the plane’s repair history, which includes work performed by…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets mixed: Stocks are mixed on Thursday, a day after the market enjoyed a broad-based rally — and its best session since November — in reaction to the consumer price index report for December, which showed core inflation increased less than expected . The encouraging inflation data, which followed a cool wholesale inflation report on Tuesday, sent bond prices higher and yields much lower. Bonds were mixed early in Thursday’s session,…
The sign of the 7th China International Import Expo is seen with the skyline of the Lujiazui Financial District in the background on Nov. 2, 2024, in Shanghai, China.VCG | Visual China Group | Getty ImagesThis report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here.What you need to know todayChina’s GDP expanded 5% in 2024China’s economy expanded by 5% year on year in 2024, according to China’s National Bureau of Statistics, in…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, Eric Jardine of Chainalysis breaks down the firm’s latest data on crypto’s use in illicit activity.10:58Thu, Jan 16 20253:00 PM EST Source link
For President-elect Donald J. Trump, the Israeli-Gaza cease-fire deal was key for two reasons.It removed one of the most vexing international conflicts that hovered over the start of his second term, and it gave Mr. Trump, who was known during his real-estate developer days in New York City as a “deals guy,” something to claim credit for as an early win — even if it happened before he took office.In a posting on social media on Wednesday, Mr. Trump declared that the deal “only happened as a result of our Historic Victory in November.”The contours of the deal were not…
The problem of stolen manhole covers in Turkey might seem an unlikely starting point for a new way for buildings to withstand earthquakes and tackle the construction industry’s environmental issues, but when a Turkish businessman heard about a new material that prevented the thefts, it sparked an idea.Cast iron is traditionally used to make the manhole covers that protect drainage systems. But back in 2010, a spate of thefts of the covers for scrap metal in Turkey meant that an alternative, with equally strong material needed to be used to secure them. And when Engin Yesil read about this super-strong…
