Recep Tayyip Erdoğan has appointed a former US banker as the country’s central bank chief in the latest sign that Turkey’s president may be changing course on his unorthodox policies that have ignited a painful cost of living crisis and sent the lira sinking to record lows against the dollar.Hafize…

Donald Trump, who has often lied, unquestionably told the truth when he said Thursday was a “dark day” for America. The ex-president’s social media post correctly described the magnitude of his indictment over the alleged mishandling of classified documents – though completely ignored any personal culpability in the case. But…

Shares of Meta Platforms Inc. META, +0.37% slipped 0.10% to $271.12 Tuesday, on what proved to be an all-around favorable trading session for the stock market, with the NASDAQ Composite Index COMP, +1.02% rising 0.36% to 13,276.42 and the Dow Jones Industrial Average DJIA, +0.50% rising 0.03% to 33,573.28. This…

Grab your bell-bottoms: The VW bus is back. On Friday, Volkswagen (ticker: VOW) detailed its plans to bring an all-electric version of its iconic microbus to North America in 2024. Its gas-guzzling predecessor was a cultural icon of the 1960s and 1970s, associated with road trips and peace signs. While…

But count me out of the big cream-filled (or jelly-filled) party — and not because I’m on one of my perpetual diets. Rather, it’s because I mourn the state of the American doughnut. I’m old enough to remember a time when the doughnut reigned supreme in this country. I’m talking…

Financial markets are increasingly pricing in expectation of a June interest-rate hike by the Federal Reserve, and if the central bank doesn’t want to go through with one, time is running out to push back. That’s according to Tim Duy, chief U.S. economist at SGH Macro Advisors, looking at recent…

© Reuters. FILE PHOTO: The listing of Mobileye Global Inc., the self-driving unit of chip maker Intel Corp, is seen at the Nasdaq MarketSite, at Times Square in New York City, U.S., October 26, 2022. REUTERS/Shannon Stapleton (Reuters) – Intel Corp (NASDAQ:) is offering 35 million shares of Class A…

Investing.com — Gold prices fell slightly on Monday amid uncertainty over whether the Federal Reserve will hold interest rates steady later this month, while concerns over weakening economic growth pulled copper prices down. The yellow metal fell on Friday after U.S. data read much stronger than expected for May, which…

(Updates prices throughout story, adds analyst comment in paragraphs 7 and 8, recasts lede and paragraphs 2, 3 and 4 to reflect comments from Fed governor) By Hannah Lang WASHINGTON (Reuters) – The U.S. dollar retreated from a more than two-month high on Wednesday after a Federal Reserve official warned…

By Maria Martinez BERLIN (Reuters) -A drop-off in spending by inflation-hit consumers was one of the main reasons Germany fell into recession in the first quarter, even as other countries in the region managed to avoid it. What’s more, even with inflation starting to ease across Europe, the signs are…