One trader lost $19 million on the Turkey turmoil — here are the winners and losers from the crisis

Over the last week or so, markets have been gripped by the developing crisis in Turkey, which has seen the country's currency plummet, contagion spread to other emerging markets, and a war of words develop between President Erdogan and President Trump.

Business Insider Select August 16, 2018   |   View Online »

One trader lost $19 million on the Turkey turmoil — here are the winners and losers from the crisis Over the last week or so, markets have been gripped by the developing crisis in Turkey, which has seen the country's currency plummet, contagion spread to other emerging markets, and a war of words develop between President Erdogan and President Trump. Read More »

Emerging markets are about to suffer the consequences of dollar-denominated debt binges Emerging markets have engaged in a vicious cycle kicked off by cheap debt. But as the dollar rises, that debt is suddenly not so cheap. Through 2025, emerging market governments and companies face $2.7 trillion in dollar-denominated bonds and loans. Read More »

The asset manager behind one of the first blockchain ETFs is preparing a $100 million crypto hedge fund even as the market sheds billions Reality Shares, the tiny asset manager known for its first-to-market blockchain exchange-traded fund, is preparing to launch a $100 million cryptocurrency hedge fund. Read More »

The lira surged 7% after Turkey hit back at US 'attacks' by slapping American cars, alcohol, and tobacco with huge tariffs American automobiles will now be subject to a tariff of 120%, while alcohol will have a 140% tariff rate. The levy on leaf tobacco is at 60%. Read More »

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I make $200,000 a year in passive income after retiring at 34, and it only works because I followed 5 steps Sam spent 13 years working in finance before retiring at age 34. He lives in San Francisco with his wife and baby and runs the blog Financial Samurai. They earn around $200,000 a year mostly from investments in stocks and bonds, real estate, and sales of an eBook he wrote. Read More »

People think Bella Hadid was so heavily Photoshopped in an ad that she looks 'unrecognizable' Bella Hadid recently posted a picture from Versace's Fall/Winter 2018 campaign, shot by photographer Steven Meisel, on her Instagram page. Hadid poses between models Stella Maxwell and João Knorr. Some think Hadid "doesn't look like herself" in the campaign. Read More »

Here's why learning to delegate will make you a better leader A common complaint among leaders is that staff just don't do what that they're asked to. While some point the finger at the attitude of the millennial generation, others say staff workloads are overwhelming — but the real problem, according to experts, is that many just don't know how to delegate. Read More »

A year later, the team-up between Microsoft and Amazon finally comes to life After a full year of promises, the team-up between Amazon Alexa and Microsoft Cortana is finally here. Read More »

Lyft is giving auto dealerships a transportation solution Ride-hailing firm Lyft and CDK Global, an auto dealer management software provider, have partnered to provide auto dealers with a transportation solution for customers. Read More »

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