Latest Business News

• Tough new EU cyber rules require banks to ramp up security ? but many aren't ready
  Tough new EU regulations requiring banks to bolster their cybersecurity systems officially came into effect Friday ? but many firms aren't in compliance.
• Top EU official denies softer approach to Big Tech, cites 'very clear legal basis' for regulation
  There are growing questions about how the EU is going to enforce tech regulation, particularly as President-elect Donald Trump returns to the White House.
• Apple disables AI notifications for news in its beta iPhone software
  An Apple spokesperson told CNBC that Apple was working on improvements to the software that are coming in a future update.



• Duolingo shares climb 7% as users swarm to app to learn Mandarin
  Duolingo says it's seen a 216% increase in Mandarin learners using the app compared to a year earlier.
• Snap shares drop as FTC refers MyAI chatbot complaint to the DOJ
  Snap shares closed down 5% on Thursday after the Federal Trade Commission said it would refer a complaint against the company to the Department of Justice.
• Apple has worst day since August following reports of China, AI struggles
  Apple reports December quarter results on Jan. 30.
• Amazon lays off about 200 employees in its stores unit
  The cuts are focused in Amazon's core retail unit, which spans a wide range of businesses, including fashion and fitness, Prime and private label brands.
• Small-cap crypto rallies ahead of Trump inauguration, bitcoin trades at $100,000
  Cryptocurrencies jumped as investor appetite shifted to smaller, higher risk coins ahead of President-elect Donald Trump's inauguration.