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Turkish lira hits fresh record low against the U.S. dollar
Vanishing Turkish Currency: 1 Turkish Lira with the Portrait of Kemal AtatürkTurkish Manuel Augusto Moreno | Moment | Getty Images The Turkish lira hit a fresh record low against the U.S. dollar on Thursday, trading at 30.005 to the greenback just before noon local time. It marks the first time that the lira has broken…
Iran seizes oil tanker involved in U.S. dispute off coast of Oman
Aerial view of a tanker. Bugto | Moment | Getty Images Iran on Thursday captured an oil tanker previously involved in a Washington-Tehran dispute over carrying U.S.-sanctioned crude, Iranian state media said. The Iranian navy seized the vessel St. Nikolas in the Gulf of Oman, the state-run Islamic Republic News Agency said in a Google-translated…
These tech stocks still trade at a reasonable valuation, BMO says
Although many Wall Street analysts are forecasting a pullback for tech stocks after a momentous rally in 2023, BMO Capital Markets is sticking with its overweight outlook on the tech sector. The market has been sluggish to start 2024 — the S & P 500 is up just 0.8%, the Dow Jones Industrial Average by 0.3%…
Trump fraud trial judge home was swatting target, police say
Judge Arthur Engoron presides over the civil fraud trial of former President Donald Trump and his children at New York State Supreme Court in New York City on Nov. 13, 2023. Erin Schaff | Getty Images Police are investigating a swatting incident at the New York home of the judge set to hear closing arguments…
Retail spending fell in March as consumers pull back | CNN Business
Washington, DC CNN  — Spending at US retailers fell in March as consumers pulled back after the banking crisis fueled recession fears. Retail sales, which are adjusted for seasonality but not for inflation, fell by 1% in March from the prior month, the Commerce Department reported on Friday. That was steeper than an expected 0.4%…
