Jim Cramer breaks down what's going on with yuan and what it means for the U.S.-China trade war.
If you're coming in to the markets after a weekend away, you're in for an ugly surprise. Here's what has markets tanking.
The Chinese currency, the yuan, was permitted on Monday to smash through what has been considered to be the important psychological level of 7 to 1.
China's yuan fell to the lowest level against the U.S. dollar in more than a decade Monday as officials in Beijing hit back at President Donald Trump's move to apply fresh tariffs on China-made goods amid a dangerously-escalating trade war between the world's two biggest economies.
There is a real risk brewing in global financial markets.
The International Monetary Fund cut its forecast for global growth this year to 3.2%, from an April projection of 3.3%. But the organization increased its forecast for U.S. growth by a 0.3 percentage point to 2.6%.
Facebook's head of crypto David Marcus received tough questioning on the Hill on Tuesday, primarily from Democratic Senators.