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Traders react near the end of the day on the floor of the New York Stock Exchange in New York

Stocks rise as Turkish lira steadies

Stocks rose Tuesday following solid economic data and strong earnings. The dollar and Treasury yields extended gains.

The Turkish lira has finally stabilised as Erdogan promises action against ‘economic terrorists’

The Turkish lira has stabilised on Tuesday morning after over a week of big losses. The currency is still down around 33% against the dollar so far in August.

Stocks close lower amid Turkish currency crisis

Stocks were lower Monday as a currency crisis in Turkey roiled global markets. The dollar rallied, and Treasury yields inched higher.
Stock markets have been shaken by Turkey's currency crisis.

‘Clear risks of contagion’: European markets drop as Turkey’s lira crisis spreads around the world

The lira's slide continued Monday, with the currency dropping as much as 10% against the US dollar in early-morning trading before stabilizing.

The world’s largest maker of bitcoin mining chips is reportedly hoping to raise $18 billion in what could be one of the largest IPOs in history

Cryptocurrency mining chip maker Bitmain hopes to raise $18 billion for an IPO in the coming months, according to documents obtained by CoinDesk.
Turkey's President Tayyip Erdogan.

The Turkish lira is sinking so fast it risks ‘smashing into the ground’ — and people are worried about European contagion

The Turkish lira has plunged more than 35% against the US dollar this year. Concerns are mounting that the decline will start to hit European banks, even as the Turkish government promises to stabilize the economy.
Traders celebrate after the closing bell on the floor of the New York Stock Exchange, (NYSE) in New York, U.S., February 6, 2018.

Stocks rise after strong earnings

Stocks rose Monday, with the S&P 500 approaching its January all-time high, after a wave of strong earnings reports. The dollar edged higher, and Treasury yields fell.

China looks to prop up its currency as it heads for a record losing streak

As the yuan holds close to its lowest levels in more than a year, China's central bank announced on Friday it will raise the amount of cash required to set aside when buying dollars through currency forwards.

Stocks stage comeback amid hope for US-China trade talks

Stocks staged a comeback Tuesday after a three-session losing streak amid optimism for cooling trade tensions between the US and China. The dollar rose, and Treasury yields fell.
Farmer John Duffy and Roger Murphy load soybeans from a grain bin onto a truck

Soybeans are going bananas

Soybean prices jumped Tuesday on the prospect of easing trade tensions, heading for the longest streak of gains in nearly a year.