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U.S. regulators rush to write crypto rulebook after Clarity Act stalls in Senate
Source: CNBC
Original reporting
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BBC Business2 outlets
New EU industry rules would damage UK, warns Burnham
The prime minister met the European Commission President during his visit to the United Nations General Assembly.
CNBC
Trump discloses more than 1,100 July trades, including up to $25 million each in sales of Microsoft, Amazon
Trump sold tech stocks including Amazon and Microsoft when the Mag 7 stocks popped on July 20, adding $291 billion in market value in one day.
CNBC
Trump administration removes around 760,000 Obamacare enrollments, alleging fraud
Vice President JD Vance's White House Task Force to Eliminate Fraud estimates the action will save roughly $2.2 billion in taxpayer-funded subsidies.
CNBC
Cisco stock sinks 5% after Piper Sandler cuts price target on growth concerns
Cisco stock hit a record over the summer, but Piper Sandler analysts expressed concerns that growth is peaking in the industry.
CNBC
A top chip stock analyst sees big things for Nvidia, Broadcom. How his case aligns with ours
The bullish sentiment comes despite calls to slow down AI model development and rekindled investor enthusiasm for a competing part of the AI chip ecosystem.
BBC Business
Trump says he would back ban on diesel exports
Republicans lawmakers have put pressure on the president to curb exports as diesel prices soar to record highs in the US.