Facebook Vice President David Marcus is the face of the company's Libra digital currency, but the original driving force was a 26-year-old female corporate-development...Technologyread more
Amazon's new policy for account suspensions doesn't go far enough to protect sellers from potentially unfair and wrongful suspensions, merchants say.Technologyread more
There is no end in sight to the Boeing 737 Max grounding after two fatal crashes, prompting airlines to rethink their growth plans.Airlinesread more
After a year of flooding, Midwest farmers face a stifling heat wave that's spreading across the U.S.Weather & Natural Disastersread more
On Saturday, Disney's Marvel Studios announced its upcoming slate of superhero films during a panel at San Diego Comic-Con.Entertainmentread more
Moving lots of data to a public cloud over the internet can take months or years. CNBC got an inside look at how AWS transfers data to the cloud for its clients.Technologyread more
A quarter of the S&P 500 companies report earnings next week, and that could buffet the market as investors await the July Fed meeting.Market Insiderread more
Iran's Revolutionary Guard claims a British tanker it still holds, Stena Impero, failed to follow international maritime rules.World Newsread more
"It troubles me that the most important political office in the world is becoming the face of racism and exclusion," Kaeser said in a Twitter post.Politicsread more
Silver's rally could be losing its shine after the precious metal reached its year-to-date high, futures experts warn.Futures Nowread more
Some 40% of Americans would struggle to come up with even $400 to pay for an emergency expense. Just how are so many Americans so short on cash? Blame debt.Personal Financeread more
Russia's ruble is under renewed pressure after the Central Bank of Russia (CBR) shocked markets with a rate cut, sending the currency to a 2015 low against the U.S. dollar.
The CBR cuts its key interest rate to 15 percent on Friday, just one month after it was hiked to 17 percent, pushing the ruble lower to trade as high as 71.78 versus the dollar.
According to analysts, the move could kick off a fresh wave of volatility for the beleaguered currency, which started the year at 60 against the dollar.
"The CBR is giving up on managing financial stability risks, which I am afraid is a major backtracking step from its recent efforts," said the head of emerging-markets strategy at Societe Generale, Benoit Anne, in a research note on Friday.
"This may backfire soon, however, as all the concerns we had back in November will come back on our radar. The ruble will nosedive, undermining the confidence of investors and the population," he added.
Friday's move was a particular shock given that last month, the CBR hiked its key interest rate to 17 percent from 10.5 percent, in an effort to stabilize the ruble and defuse the currency crisis that was threatening the economy. December's hike was the central bank's single-biggest increase since 1998.
"I was starting to play with the idea that Russia may well be the next big buying opportunity but I am now forced into backtracking myself," Anne said.
Head of Emerging Markets (ex-Africa) research at Standard Bank, Tim Ash, also saw further ruble weakness on the back of the CBR's move, given the backdrop of weak growth, geopolitical risks, sanctions and persistently low oil prices.
"I guess a read from this is that the CBR is comfortable still with the ruble continuing to take the strain from the factors noted above," Ash said.