Associated Press

Currency traders watch monitors near a screen, back, showing the Korea Composite Stock Price Index (KOSPI), top left, and the foreign exchange rate between U.S. dollar and South Korean won, top center, at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Tuesday, Aug. 6, 2024. (AP Photo/Ahn Young-joon)

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What are carry trades and how did they contribute to this week's global market mayhem?

By ELAINE KURTENBACH ELAINE KURTENBACH - AP Business Writer
Tue,08/06/24-5:55AM, 249 Reads
BANGKOK (AP) — The mayhem that swept across world markets this week was partly caused by a market strategy known as the “carry trade.”
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Democratic presidential nominee Vice President Kamala Harris and her running mate Minnesota Gov. Tim Walz speak at a campaign rally in Philadelphia, Tuesday, Aug. 6, 2024. (AP Photo/Joe Lamberti)

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Harris introduces new running mate Minnesota Gov. Tim Walz as the 'vice president America deserves'

By COLLEEN LONG, ZEKE MILLER, STEVE KARNOWSKI, WILL WEISSERT AND SEUNG MIN KIM COLLEEN LONG, ZEKE MILLER, STEVE KARNOWSKI, WILL WEISSERT AND SEUNG MIN KIM - Associated Press
Mon,08/05/24-11:01PM, 94 Reads
PHILADELPHIA (AP) — Kamala Harris introduced Minnesota Gov. Tim Walz to the nation at a raucous rally Tuesday in battleground Pennsylvania that was aimed at building momentum for the newly minted Democratic presidential ticket in the sprint toward Election Day.
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The Latest: Tropical Storm Debby churns off the US Southeast

By THE ASSOCIATED PRESS THE ASSOCIATED PRESS
Tue,08/06/24-6:41AM, 119 Reads
Tropical Storm Debby has moved into the U.S. Southeast with the threat of extended torrential downpours and flooding after raking Florida with heavy rain and high winds.
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Michael Bloomberg announces his organization, Bloomberg Philanthropies, will give $600 million to the endowments of the four historically Black medical schools at the National Medical Association convention, Tuesday Aug. 6, 2024, in New York (AP Photo/Kena Betancur)

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Bloomberg gives $600 million to four Black medical schools' endowments

By THALIA BEATY THALIA BEATY - Associated Press
Mon,08/05/24-5:19PM, 224 Reads
NEW YORK (AP) — Michael Bloomberg's organization Bloomberg Philanthropies committed $600 million to the endowments of four historically Black medical schools to help secure their future economic stability.
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