Global stocks tumble as China growth concerns spook markets
U S stocks fall amid worries over global growth with tech firms like Tencent Alibaba Baidu Facebook and Microsoft down. Oil copper slip as investors seek safe assets while bonds rise. Tencent revenue miss cited as drag on its stock in Hong Kong with a 3.6 percent drop.
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New York
China
U.S
Macy's
Tencent
Alibaba
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Facebook
Microsoft
Kate Warne
Edward Jones
Jefferies & Co
Karen Chan
Hong Kong
Turks brace for economic pain amid U S tensions in Turkey
In Istanbul Turks show defiance as the lira sinks and a US tariff clash escalates. Erdogan calls for a consumer boycott of American electronics while analysts deem tariff moves symbolic, urging reforms to curb debt and restore stability amid a divided nation and NATO alliance strains.
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Istanbul
United States
Rifat Tepe
Recep Tayyip Erdogan
U.S
Turkey
China
Donald Trump
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Nafez Zouk
Oxford Economics
NATO
Economists dispute Trump on minority job gains
Economists challenge the claim that Trump created most minority jobs, arguing the mid-2009 recovery explains gains. The piece notes widening racial wealth gaps, with Census and Fed data showing lower black net worth, homeownership, and income, while Trump’s tax cuts face criticism for potential harm to equity.
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Trump
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Obama
Darrick Hamilton
Eco
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New York City
Federal Reserve
The
Urban Institute
Hamilton
White House
Sarah Huckabee Sanders
Sanders
U.S
Bureau of Labor Statistics
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