Bloomberg US stocks erased earlier gains to trade lower as investors weighed the impact of the economic crisis in Turkey creeping into global markets. The dollar reached the highest in more than a year, while developing-nation currencies slumped. The S&P 500 Index was flat and Dow Jones Industrial Average retreated in light summer trading, while strength in technology propped up ...

Bloomberg ICOs were supposed to be IPOs without the Wall Street middlemen and Washington meddling. Now they’re looking a bit less revolutionary. Initial coin offerings have raised $18 billion for blockchain startups this year, almost five times last year’s total, according to CoinSchedule. But unlike 2017, this is increasingly due to blockbuster sales that targeted accredited investors instead of just ...

Bloomberg Higher Canadian interest rates don’t appear to be worsening the pain for consumers, yet. Some 53 percent of Canadians say rising borrowing costs haven’t had a negative impact on their personal spending, according to a survey by Nanos Research taken earlier this month. Around 43 percent of respondents say they are feeling at least somewhat of a pinch, with ...