Following the sudden ouster of the central-bank governor last week, Turkey’s currency fell nearly 8% on Monday, setting the course for its biggest single-day selloff since 2018. According to Factset, the lira touched a low of 2 8,280 compared to 2 7,219. Turkish stock also sank. The uproar erupted after …
Read More »Capitalism is what will defeat Kovid
Look at the paradox of this epidemic moment: big corporations are political villains, embedded on the left and right. Still, the main and perhaps only, because the Covid-19 curse is simple, are the vaccines developed by Big Pharma. Few people are more aware of this contradiction than J. Paranson and …
Read More »The Department of Justice is investigating visas over debit-card practices
The Justice Department is investigating whether he has a visa Inc. V. -4.77% According to people familiar with the matter, the debit-card market is involved in anti-competitive practices. People say the department’s antitrust department collects information and asks if the largest network of US cards, Visa, which is always less …
Read More »Insurance giant Chub rivals Hartford
Chub Ltd. C.B. -2.63% , Hartford Financial Services Group, one of the country’s largest, oldest and most well-known property-casual insurance companies, has made an initial proposal to acquire Inc., HIG 18.71% The name of the second floor of the industry Connecticut-based Hartford said in a statement Thursday afternoon that it …
Read More »Stock Futures Edge Lower After Dow Milestone
A day after the Dow Jones Industrial Average closed above 1,000,000 for the first time, U.S. investors clashed with investors selling government bonds and high-value technology stocks. Stock futures are down. S&P 500 futures fell 0.4% after the broad market gauge hit an all-time high on Wednesday. The Nasdaq 100 …
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