The Latest Breaking News from the Financial Times

After announcing a U-turn on the previous encryption backdoor order, the UK hit Apple again with a similar demand. This time, British users' data are the sole target.

Apple Inc. (NASDAQ: AAPL) is investigating labor conditions at Foxconn’s Zhengzhou facility following new allegations by China Labor Watch (CLW) of persistent worker mistreatment.

September S&P 500 E-Mini futures (ESU25) are up +0.84%, and September Nasdaq 100 E-Mini futures (NQU25) are up +1.10% this morning, pointing to a sharply higher open on Wall Street after the Federal Reserve cut interest rates for the first time since December and signaled more reductions could follow soon.

The S&P 500 Index ($SPX ) (SPY ) on Wednesday closed down -0.10%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.57%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.21%. September E-mini S&P futures (ESU25 ) fell -0.09%, and September E-mini Nasdaq futures...

China's top internet regulator has reportedly asked tech firms to stop using Nvidia's chips, deeming that local alternatives are good enough to compete.

The S&P 500 Index ($SPX ) (SPY ) today is up -0.17%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.77%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.80%. In a move that was largely anticipated by Wall Street, the Federal Reserve approved...

The S&P 500 Index ($SPX ) (SPY ) today is up +0.04%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.48%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.12%. September E-mini S&P futures (ESU25 ) are up +0.03%, and September E-mini Nasdaq futures...

Beijing is reportedly telling its biggest tech companies to buy local instead of purchasing Nvidia's latest China-specific AI chips.

US officials see the effort as a way to keep dollar-denominated stablecoins competitive globally, while UK regulators want to make London a hub for digital asset finance post-Brexit.