turkey stock

U.S. stocks close lower as Turkey currency crisis dampens risk appetite

U.S. stocks closed lower Monday, with the S&P 500 and the Dow Jones Industrial Average down for a fourth straight session as the ongoing turmoil in Turkey dampened investors’ appetite for riskier assets. While the U.S. doesn’t have much direct economic exposure to the country, instability in the region sparked concerns that its problems could

Business & Finance


China’s economy slumped in July

BEIJING–Business activities in China cooled further in July, with investment slowing to a near two-decade low, official data showed, suggesting the Chinese economy is facing increased headwinds amid rising trade tensions with the U.S. Fixed-asset investment in China’s non-rural areas climbed 5.5% in the January-July period from a year earlier, the National Bureau of Statistics



Junky Loans Surpass Junk-Bond Market as Investors Chase Higher Yields

On Wall Street, junky loans have overtaken junk bonds. Fitch Ratings said Monday that loans to companies with low credit ratings — known as leveraged loans — climbed to $1.22 trillion outstanding in May. That figure, up 20% from a year earlier, outstripped the junk-bond market, which slid by 1% to $1.21 trillion in May from the



Trump’s Swelling Budget Deficits Lead to Record Treasury-Bond Sales

During a live television briefing last month on the White House lawn, President Donald Trump boasted that his administration had “accomplished an economic turnaround of historic proportions.” That’s debatable. But whatever the case, the bill for his economic policies is starting to come due. Trump’s $1.5 trillion of tax cuts in December, designed to stimulate growth, have decimated



Oil prices end up for the day on forecast for rising demand, but lower for the week

SarahMcFarlane Oil prices settled higher Friday as a forecast for rising global crude demand, and supply boosts from Russia, offset lingering concerns about trade tensions cutting global consumption of energy products. The International Energy Agency raised its forecast for global oil demand growth by 110,000 barrels a day to 1.5 million barrels for 2019. Its