Europe Considers Stricter Privacy Regulations, Days After GDPR Takes Effect
A new data privacy battle is brewing in Europe. The EU is considering stricter data privacy rules called the (ePrivacy Regulation){https://www.pcmag.com/commentary/361348/the-obvious-consequences-of-gdpr) just days after the (General Data Protection Regulation (GDPR) went into effect.)[https://www.pcmag.com/news/361431/is-your-router-vulnerable-to-vpnfilter-malware]
The Food and Drug Administration is asking Congress for new powers, including the ability to mandate drug recalls and require eyedrop makers to undergo inspections before shipping products to the U.S.
The Federal Reserve kept its key interest rate unchanged Wednesday for a third straight time, and its officials signaled that they expect to make three quarter-point cuts to their benchmark rate next year.
Eliott Wellenbach, vice president and institutional ETF strategist with Direxion, joined Cheddar News to discuss what traders are expecting from consumer spending ahead of the holidays and how they're positioning themselves following the latest inflation data and mortgage rates.
