The markets started the week with a push lower thanks to the problems in Turkey, which likely won't go away soon. With this news, the S&P 500 (NYSE: SPY) sold off on Monday but mostly recovered by Tuesday. The SPY sits just under 1% from hitting all time highs, but with the summertime low volume, it could be hard to get there quickly unless there is some unexpected news.The Nasdaq 100 (NASDAQ: QQQ) is a little closer to all-time highs but still has some work to do. The QQQ ha...
Last week, the New York City Council voted 39-6 to approve a temporary cap on ride hailing companies, including Uber, Lyft, and Via, within city limits. The bill will limit growth on the number of for-hire vehicles for a year while it studies the impact of the booming indu...

Turkish President Recep Tayyip Erdogan has called for a boycott of American electronics in response to increased tariffs the Trump administration put into effect. In this announcement, President Erdogan specifically declared that a ban should be put on the billion-dollar brand Apple (NASDAQ: AAPL), saying that if the United States has iPhones, "there is Samsung (KRX: 005930) on the other side, and we have our own Vestel here." After the nationalistic statement, Vestel (IST: VESTL), a Turkish electronics company, rose 5%.

Although Erdogan has voiced his desire for the Turks to abandon Apple, far more Turkish citizens own iPhones than Vestel. At the end of 2017, approximately 2% of Turkish smartphone users had a Vestel, compared to the 17.41 percent of those who used Apple. It is clear that if Turkey actually goes ahead with the ban, it have little to no effect on Apple's business as a whole, especially given that Apple's largest markets are composed of the US and China.

Tensions are rising between the two nations since the Trump administration levied sanctions on Turkey. Last week, Trump increased tariffs on Turkish steel and aluminum imports by twofold. As a result, the value of the lira decreased to an all-time low of 7.24 to the dollar. Turkey's economy has recently suffered from multiple losses. In 2018 alone, the value of the lira has decreased more than 40%...

Facebook Looks to Acquire Users' Banking... According to a report this week from the Wall Street Journal
Facebook Looks to Acquire Users' Banking... According to a report this week from the Wall Street Journal
Facebook Looks to Acquire Users' Banking... According to a report this week from the Wall Street Journal
Facebook Looks to Acquire Users' Banking... According to a report this week from the Wall Street Journal
Cryptocurrency Week of August 11 in Revi... The second week of August saw yet another massive selloff across the entire cryptocurrency market after the
Cryptocurrency Week of August 11 in Revi... The second week of August saw yet another massive selloff across the entire cryptocurrency market after the
Cryptocurrency Week of August 11 in Revi... The second week of August saw yet another massive selloff across the entire cryptocurrency market after the
Cryptocurrency Week of August 11 in Revi... The second week of August saw yet another massive selloff across the entire cryptocurrency market after the
Trump Weekly: Special Counsel, Sanctions... Earlier this week, a team of White House attorneys responded to Special Counsel...
Trump Weekly: Special Counsel, Sanctions... Earlier this week, a team of White House attorneys responded to Special Counsel...
Trump Weekly: Special Counsel, Sanctions... Earlier this week, a team of White House attorneys responded to Special Counsel...
Trump Weekly: Special Counsel, Sanctions... Earlier this week, a team of White House attorneys responded to Special Counsel...
US Finalizes $16 Billion Tariffs Against... Trump's administration announced that they will place an additional $16 million tariffs on China starting August 23, according to the US Tra...
US Finalizes $16 Billion Tariffs Against... Trump's administration announced that they will place an additional $16 million tariffs on China starting August 23, according to the US Tra...
US Finalizes $16 Billion Tariffs Against... Trump's administration announced that they will place an additional $16 million tariffs on China starting August 23, according to the US Tra...
US Finalizes $16 Billion Tariffs Against... Trump's administration announced that they will place an additional $16 million tariffs on China starting August 23, according to the US Tra...
Softbank May Invest in Robot Pizza SoftBank (TYO: 9984), a Japanese multinational holding conglomerate,
Softbank May Invest in Robot Pizza SoftBank (TYO: 9984), a Japanese multinational holding conglomerate,
Softbank May Invest in Robot Pizza SoftBank (TYO: 9984), a Japanese multinational holding conglomerate,
Softbank May Invest in Robot Pizza SoftBank (TYO: 9984), a Japanese multinational holding conglomerate,
IPO markets have a slightly different fo... Technically there is only one offering on the books this week as the summertime slow IPO season continues. For the next few weeks the IPO ma...
IPO markets have a slightly different fo... Technically there is only one offering on the books this week as the summertime slow IPO season continues. For the next few weeks the IPO ma...
IPO markets have a slightly different fo... Technically there is only one offering on the books this week as the summertime slow IPO season continues. For the next few weeks the IPO ma...
IPO markets have a slightly different fo... Technically there is only one offering on the books this week as the summertime slow IPO season continues. For the next few weeks the IPO ma...

Join now and unlock premium features