Bloomberg “Turkey’s Cratering Markets Stoke Speculation Over Extreme Measures.” Desperate measures are in the air in Turkey: trading rooms are awash with talk of a bailout by the International Monetary Fund and potential capital controls. But there’s a vacuum at the core. The central bank and government have been largely silent as the currency plummeted....
Bloomberg “U.S. Stocks Slip on Trade Concerns, Dollar Steady: Markets Wrap.” The rally in U.S. stocks faltered as China and America escalated their trade dispute with fresh tariffs. The dollar erased losses and Treasuries turned higher. The S&P 500 Index edged lower after a four-day advance as Washington and Beijing set dates for new levies....
Bloomberg “Stocks Mixed Amid Sanctions, Trade; Dollar Gains.” U.S. stocks hovered within striking distance of all-time highs, while Treasuries rose as investors weighed the latest salvos in the trade war with China and sanctions that torpedoed the Russian ruble. Oil held near a seven-week low. The S&P 500 Index swung between gains and losses about....
Bloomberg “Highest Core Inflation in Decade Flattens Real U.S. Wage Growth.” A gauge of U.S. consumer prices jumped by the most in a decade in July, eating into wage gains that have barely budged in the past four months and strengthening the case for the Federal Reserve to keep raising interest rates gradually. The core....
Bloomberg “U.S. Futures Pare Losses as Traders Weigh Turkey: Markets Wrap” U.S. stocks rose while European shares trimmed earlier losses as traders tried to assess how the economic crisis in Turkey could bleed into global markets. The dollar rose to the highest in more than a year, while developing-nation currencies slumped. The major U.S. equity....
Bloomberg “Tesla Go-Private Effort Advances With Board Panel to Study Offer.” Teslas Inc’s board formed a special committee to evaluate Elon Musk’s proposal to take the electric-car maker private, a day after the chief executive officer revealed more on who will advise him and help fund the potential deal. Independent directors Brad Buss, Robyn Denholm....
Bloomberg “Global Stocks Sink as Tencent, Tech Take a Toll: Markets Wrap.” U.S. stocks joined a broad decline in global equities as disappointing earnings from Chinese internet giant Tencent Holdings Ltd. roiled technology shares and Turkey’s economic woes remained in focus. The S&P 500 Index fell for the fifth time in six sessions, with robust....
Bloomberg “Global Stocks Sink as Tencent, Tech Take a Toll: Markets Wrap.” U.S. stocks surged Thursday after retail behemoth Walmart Inc. reported its best sales growth in more than a decade and China’s Ministry of Commerce said it would hold talks with American officials to resolve the trade war between the two countries. The dollar....
Bloomberg “Weak Tech Sends Stocks Down in Roller Coaster Week: Markets Wrap.” U.S. equities were down slightly Friday, continuing their daily up-and-down pattern this week, as disappointing results from U.S. chipmakers Nvidia Corp. and Applied Materials Inc. after the market closed on Thursday weighed on technology shares. Oil surged past $66 a barrel, the dollar....
Bloomberg “U.S. Stock Futures Track Gains Across Europe, Asia.” U.S. equity futures and European stocks followed Asian shares higher on Monday as traders held onto hopes for an easing of the trade war ahead of a meeting of central bankers later in the week that may throw up clues on the market outlook. The dollar....
Bloomberg “Weak Tech Sends Stocks Down in Roller Coaster Week: Markets Wrap.” U.S. stocks rose and the dollar slipped as investors assess the latest developments in the trade war with China. The S&P 500 Index churned less than half a percentage point below an all-time high. President Donald Trump said he doesn’t expect a breakthrough....
Bloomberg “U.S. Stocks, Greenback Slip Amid Political Turmoil: Markets Wrap.” U.S. stocks edged lower, while Treasuries rose as investors assessed the impact on financial markets from the latest legal drama engulfing Donald Trump’s presidency. The dollar declined. The S&P 500 Index retreated for the first time in five days after touching an all-time high Tuesday.....
Bloomberg “U.S. New-Home Sales Fall to Nine-Month Low While Supply Rises.” U.S. purchases of new homes unexpectedly dipped to the weakest pace in nine months as higher prices and mortgage rates sideline demand, adding to signs of a cooling in the housing market, government data showed Thursday. The first back-to-back decline since January was led....
Bloomberg “Stocks Rise; Dollar Declines After Powell Comments: Markets Wrap.” U.S. stocks rose, while the dollar and Treasuries fell after a speech by Federal Reserve Chairman Jerome Powell backed up the case for gradual rate increases. The S&P 500 Index headed for its second weekly gain in a row, trading just under a record close....
Bloomberg “U.S. Stocks Hit Records, Peso Rises on Nafta Deal.” U.S. stocks added to all-time highs, and Mexico’s peso rallied versus the dollar as the Trump administration closed in on a Nafta trade deal. Treasuries fell. The S&P 500 Index rose a second day after closing Friday at a record for the first time since....