Most European bourses were down around 2 percent in morning trading. But the declines encompassed all sectors: Shares of all 30 companies listed on Germany’s benchmark DAX Index were down Tuesday morning. In Europe, a decade of extraordinarily low interest rates is coming to an end. The European Central Bank is winding down the money-printing…
If measured by news headlines, you might assume these are dire times in the financial markets. There is a “market meltdown” in the United States and “ugly, ugly scenes” in the European exchanges. Evidence of higher wages was “whacking” global markets last week, while higher bond yields threatened to “topple” a multiyear rally. On Friday,…
Welcome to this TOPLive coverage of Asian markets, as they respond to the plunge in U.S. stocks. The Dow Jones Index was down over 1,500 points at one point over Asia's night -- we'll see what response that brings as Asia's Tuesday trading gets going.
Not widely welcomed, but arguably overdue?The sharp sell-off in stocks that started last week and gathered steam this week lacked a specific trigger -- unlike the last time U.S. shares fell this much, which came in the wake of the U.S. losing its AAA sovereign rating at S&P Global Ratings in 2011."People are waking up…
In his telling, that bureaucracy, now run by his own appointees, is a nest of political saboteurs out to undermine him — an accusation that raised fears that he was tearing at the credibility of some of the most important institutions in American life to save himself. “I can’t think of another time when this…
The barrage that the president and his allies have launched at the F.B.I. is focused on one small part of the mission — surveillance warrants — in an agency of 35,000 people that investigates everything from bank robberies to human trafficking to Wall Street malfeasance. But Mr. Trump could have more ammunition in the coming…
President Donald Trump was eager to have a Republican memo alleging bias in the Russia probe released to the public, several people around him said.Now that it’s out, Trump took to Twitter to promote it for that purpose -- although the document may not be as effective as the president wants it to be.It didn’t,…
In the $2 trillion Treasury-bill market, where the U.S. government turns for short-term funding, investors are showing they’re plenty nervous about the approaching deadline to raise the nation’s debt ceiling.With Treasury expected to exhaust its borrowing authority as early as the first half of March, a four-week bill sale on Tuesday will serve as the…
Mr. Wray and Deputy Attorney General Rod J. Rosenstein had already tried unsuccessfully this week to persuade the White House to stop the release of the memo, and Thomas O’Connor, the president of the F.B.I. Agents Association, issued a statement on Thursday supporting Mr. Wray. It thanked the director for “standing shoulder to shoulder with…
Mr. Ryan, for his part, waved off any suggestion of removing Mr. Nunes. “He’s focusing on keeping our country safe, focused on national security,” he told reporters here at the Greenbrier resort, where congressional Republicans are gathered for their annual retreat. He accused Democrats of playing “some political game” to divert attention from tax cuts…
