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Turkish Tariffs Turkey has expanded its tariffs against imported American booze, cars, tobacco, cosmetics, rice and coal, in retaliation for the U.S.'s expanded tariffs on Turkish metals. After today's announcement, the lira slid but then rallied (which was also due to the country's banking...

Kroger mounts an e-commerce push in China The grocery chain, which is the largest in the U.S. with nearly 2,800 locations, is partnering with e-commerce giant Alibaba Group Holding Ltd. on a pilot test of an online store. (Crain's Chicago Business)

Perceptive Advisors’ Joseph Edelman regularly crushes markets and hedge fund peers. How? ByAmanda Cantrell August 13, 2018 Perceptive Advisors, in 1999. Since then the firm, which started with $6 million in assets, has swelled to $4.1 billion on the back of almost-unbelievable performance in...

“I have no special talent. I am only passionately curious.” - Albert Einstein

Lira Bounce The Turkish lira popped 6% in early trading today, providing respite from what was looking like a freefall situation in recent days—the currency lost 13.8% of its value Friday and 6.3% yesterday. Other emerging-market currencies such as the South African rand and Mexican peso also...

“Be strong, be fearless, be beautiful. And believe that anything is possible when you have the right people there to support you.” - Misty Copeland

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Wells Fargo team managing $170 million moves to Stifel A team managing $170 million in assets at Wells Fargo Advisors has joined Stifel Nicolaus. Mark Graham will open an office for the firm in Spokane, Wash., and his partner, Brian Bissell, will work from Pasadena, Calif. (Investment News)

Printing Money China's currency printing operations are working at near-full-capacity to satisfy demand from countries where China is active through its Belt and Road initiative—Chinese banknotes themselves are seeing less demand these days, as mobile payments take over. "I won't let my...

Trump vs. Harley President Donald Trump (whose doubling of tariffs on Turkish steel helped catalyze the above-mentioned crisis) has used Twitter to lay into Harley-Davidson for offshoring the production of hogs destined for the European market—a move caused by Trump's steel tariffs against the...

Lira Losses Keep watching those emerging currencies, because this isn't going away. Turkey's lira fell again by as much as 11% this morning (that's over 40% this year so far) before the country's central bank moved to limit currency swaps. Asian stock markets fell too, as did South Africa's...

"One must still have chaos within oneself to give birth to a dancing star." - Friedrich Nietzsche

"No legacy is so rich as honesty" - William Shakespeare

Emerging Currencies The Turkish lira is still sliding—it lost as much as 13% of its value against the dollar today, and is down more than 20% over the week. Markets are worried about Turkey's ability to pay back foreign currency debts. Meanwhile, the Russian ruble lost as much as 5% against the...

“When we give cheerfully and accept gratefully, everyone is blessed.” - Maya Angelou

"Intelligent want self control, children want candy." - Rumi

Salesforce Leadership Salesforce vice chairman and president Keith Block is becoming co-CEO alongside Marc Benioff, the company has announced (via a Fortune exclusive.) "This announcement really reflects how Salesforce is run today, which is that Keith and I over the last five years have...

“Adventure is not outside a man; it is within.” - David Grayson