Financial markets
Dow Jones Industrial Average, S&P 500 trade at record highs
An early wave of buying sent U.S. stocks solidly higher on Wall Street Thursday, pushing the Dow Jones Industrial Average above the all-time high it closed at in January.The S&P 500, the benchmark for many index funds, was also above the peak it reached last month. Technology stocks and banks ...
Turkey expects lower growth amid currency turmoil
Turkey expects lower economic growth in coming years amid concerns over inflation and a sliding currency.Treasury and Finance Minister Berat Albayrak presented the government's economic plan Thursday, targeting 2.3 percent growth for 2019 and 3.5 percent for 2020. The previous target was 5.5 percent for both years.Albayrak estimated inflation in ...
Asian shares track mixed finish on Wall Street over tariffs
Asian shares are mixed, trading in a narrow range Thursday after news of a fresh round of tariffs by the U.S. on $200 billion in Chinese goods drew a muted reaction on Wall Street.KEEPING SCORE: Japan's Nikkei 225 was less than 0.1 percent higher at 23,674.93 after the ruling Liberal ...
Japan digital currency exchange hacked, losing $60 million
Hackers have stolen 6.7 billion yen ($60 million) worth of cryptocurrencies from a Japanese digital currency exchange, the operators said Thursday.Tech Bureau Corp. said a server for its Zaif exchange was hacked for two hours last week, and some digital currencies got unlawfully relayed from what's called a "hot wallet," ...
UK lawmakers: ‘Wild West’ cryptocurrencies need regulation
LONDON (AP) — British lawmakers have backed calls for greater regulation of cryptocurrencies such as bitcoin in order to bring an element of control to a market that more resembles the "Wild West."
CEO of AutoNation, biggest US dealership, is stepping down
FORT LAUDERDALE, Fla. (AP) — Mike Jackson is stepping down after almost two decades leading AutoNation, the nation's largest dealership chain.
Port wine? Feta? Brexit may spell trouble for famed EU names
The scorching late summer sun of northern Portugal is ripening the black, super-sweet grapes that will go to make what European Union rules say is the only wine in the world that can be called port.Winemaking has for centuries been a way of life for many families here in the ...
China’s premier appeals for free trade amid tariff battle
BEIJING (AP) — China's No. 2 leader appealed Wednesday for support for free trade and promised to improve conditions for foreign companies following tit-for-tat U.S. and Chinese tariff hikes in an escalating battle over Beijing's technology policy.
US stocks rise as traders size up new US tariffs on China
U.S. stocks rose in early trading Tuesday as investors weighed the White House's decision to impose tariffs on another $200 billion of Chinese goods beginning next week. Gains in technology, energy and consumer-focused companies outweighed losses in utilities and elsewhere in the market. Oil prices rose.
5 ways Trump’s tariffs on $200B in China goods could be felt
BALTIMORE (AP) — By imposing taxes on an additional $200 billion in Chinese goods, President Donald Trump has intensified a battle of wills between the world's two largest economies — and the outcome is far from certain.
Renewed US tariff fears stalk global stock markets
LONDON (AP) — Global stock markets started the new week on a soft note as investors waited to see if the U.S. slaps tariffs on another $200 billion-worth of Chinese goods. Oil prices rose, meanwhile, as heavy storms battered both countries.
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