Markets

admin August 13, 2018

Click chart for more premarket data. 1. Crisis in Turkey: The Turkish lira plunged as much as 11% to a record low against the dollar before recovering some losses in volatile trading. The currency had already plummeted more than 20% last week as a political clash with the United States intensified and authorities in Turkey […]

admin August 13, 2018

Turkey’s currency nosedived again Monday as fears deepened about the country’s ability to deal with a crisis that has rattled markets around the world. The Turkish lira dropped as much as 11% against the dollar in morning trading in Asia. It had already plummeted more than 20% last week as a political clash with the […]

admin August 12, 2018

1. Shop until you drop: The economy is booming because unemployment is low and people are spending more of their paychecks at Walmart, Macy’s, Home Depot and a bunch of other retailers that report earnings this week. Consumer spending accounts for more than two-thirds of the American economy, and there’s no better indicator for how […]

admin August 12, 2018

Amazon, Facebook and Google dominate the tech news headlines. But investors shouldn’t forget about IAC — the internet conglomerate that owns controlling stakes in Angie’s List, Match, Tinder, Vimeo and a bunch of other popular sites and networks. CNNMoney spoke with the CEOs of both IAC (IAC) and ANGI Homeservices (ANGI) to get their take […]

admin August 12, 2018

Chipotle’s latest idea to woo customers back: Bacon. The company will test both applewood smoked bacon and nachos in some cities this fall. Chipotle is working to win customers back after a series of health scares during the past few years — most notably an E.coli outbreak in late 2015 that made 60 customers in […]

admin August 12, 2018

Investors have serious doubts about Elon Musk’s plan to take Tesla private. In two days, the stock has erased the 8.6% gain that followed Musk’s surprise announcement on Twitter that he had secured funding to take the electric car maker off the public market. That includes a 4.8% drop on Thursday. “The number one issue […]

admin August 11, 2018

Japan has bounced back from a poor start to the year. The world’s third-largest economy grew at an annualized rate of 1.9% in the second quarter, according to government figures released Friday. Boosted by a jump in spending by consumers, the performance beat economists’ expectations and marks a recovery from a contraction in the first […]

admin August 11, 2018

R. Naresh had never heard of Ikea before it came to his hometown of Hyderabad. But that didn’t stop him from walking through the doors of the Swedish furniture retailer’s first store in India shortly after its grand opening on Thursday. “It’s such a big store,” said Naresh, a food delivery driver who came with […]

admin August 11, 2018

The World Bank is turning to blockchain to help it raise money. The international lender is planning to issue what it says is the world’s first global blockchain bond, a notable mainstream endorsement of the emerging technology. Blockchain is best known as the technology underpinning bitcoin and other cryptocurrencies. It serves as a digital record […]

admin August 11, 2018

Worries over a fragile Turkish economy and the risk of contagion in Europe unnerved investors on Friday and sent the lira to a record low against the US dollar. The Turkish currency plummeted as much as 17% against the dollar, reflecting a range of concerns, including tensions with the United States and the unwillingness of […]