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Turkey's financial crisis worsens as the country's government adds new tariffs on U.S. goods. Yahoo Finance's Seana Smith, Andy Serwer, and Dan Roberts discuss along with National Taxpayers Union Senior Fellow, Mattie Dupler.
NEW YORK (AP) — Global stocks are sinking Wednesday as an unexpected drop in profits for Chinese tech giant Tencent has investors worrying about economic growth. Oil and copper prices are falling sharply.
Stock markets turned lower Wednesday amid concerns about economic growth and continued tensions over Turkey, which announced it was increasing tariffs on imports of some U.S. products. KEEPING SCORE: Germany's ...
U.S. stocks rallied Tuesday as banks, retailers, and smaller companies jumped. That helped the market recover most of its losses from the previous two days.
U.S. stocks rallied Tuesday as banks, retailers, and smaller companies jumped. The Turkish lira steadied as officials from Turkey and the U.S. said the countries are in talks to ease diplomatic tensions, which have resulted in high tariffs on Turkish steel and aluminum. Stocks in emerging markets like Argentina, Russia and Brazil jumped.
The European Central Bank will have the back of those banks over-exposed to the lira. Greece, Cyprus, Spain and Portugal bear witness, Mario Draghi's ECB is not afraid to go where it has to in order to ensure stability. has not yet suffered the same fate, as the January highs for that group still proves to be a scene out of "Operation Market Garden." (Let's see how many of you get that one.) When most folks refer to "the market," as in "the market was up or down x number of points today," they refer to the S&P 500, the broadest and supposedly most well-rounded large-cap index that our financial marketplace has to offer.
Well, now that I have your attention, obviously those with exposure to the Turkish lira care. My first clue came from the behavior across gold futures markets since this crisis blew up. Instead, gold markets reacted to currency shock -- not systemic risk -- making gold, for now in my opinion, oversold.
How many times have you heard that Turkey doesn't matter in the last few days? How many times have you heard that Turkey matters a ton in the last few days? The red arrow was in August, when the rest of the Asian countries, one by one, had to revalue their currencies.
Even if you think you told Google not to track you, it may be doing so. An Associated Press investigation finds that many Google services on iPhones and Android devices store location data, even if you used privacy settings that are supposed to keep it from tracking your movements. Google's support page says if you turn off Location History, "the places you go are no longer stored." But in fact, even with Location History paused, some Google apps automatically store time-stamped location data.
NEW YORK (AP) — Stocks in the U.S. and Europe skidded Friday as investors worried about the financial stability of Turkey and how it might affect the global banking system.
Stocks in the U.S. and Europe skidded Friday as investors worried about the financial stability of Turkey and how it might affect the global banking system.