• In this July 16, 2015 file photo, an oil pump works at sunset in the desert oil fields of Sakhir, Bahrain. The price of oil slunk to a low of $38.24 on Monday, Aug. 24, 2015, the lowest since the depths of the recession in 2009. (AP Photo/Hasan Jamali, File)

    You think the stock market is crazy? Look at oil prices.

    NEW YORK (AP) — Commodity markets are renowned for their booms and busts but the last four days in the crude oil market have even experienced traders wide-eyed.

  • In this Aug. 24, 2015 file photo, Chinese investors monitor stock prices at a brokerage house in Beijing. A series of bungled decisions have escalated doubts about Beijing’s economic stewardship. (AP Photo/Mark Schiefelbein, File)

    Doubts about China’s economic leadership sap confidence

    WASHINGTON (AP) — The fear that gripped financial markets this month is a stark one: That China’s economy might be slipping into a decline that could persist for years.

  • In this Tuesday, Aug. 25, 2015, file photo, Chinese investors monitor stock prices at a brokerage house in Beijing. Volatility in Chinese stocks roiled global markets this week, showing how big and closely-watched China's market has become - and reminding investors that stock markets can and do swing wildly. (AP Photo/Mark Schiefelbein, File)

    Q&A about this week’s market turmoil in China and beyond

    BEIJING (AP) — With the Chinese stock market turmoil that incited global panic abated — at least for now — here are some questions and answers about it, as well as lessons to learn:

  • In this July 9, 2015 file photo, workers harvest early apples at Samascott Orchards in Kinderhook, N.Y. The Commerce Department releases second-quarter gross domestic product on Thursday, Aug. 27, 2015. (AP Photo/Mike Groll, File)

    US economy surged at 3.7 percent rate in April-June quarter

    WASHINGTON (AP) — The U.S. economy staged a far bigger rebound last quarter than first thought, outpacing the rest of the developed world and bolstering confidence that it will remain sturdy in coming months despite global headwinds.

  • In this Aug. 22, 2015 file photo, Chinese President Xi Jinping attends the opening ceremony of the World Athletics Championships at the Bird's Nest stadium in Beijing.  Despite growing anger among retail investors and a strong sense of economic decline, a major shakeup is unlikely, given the rigidity of the political system, the leadership’s need to exude calm and the idea that changes could be perceived as signs of weakness or error.  Having accumulated more power than any Chinese leader in 20 years, President Xi is expected to stay the course in hopes that the market will correct itself and the economy returns to an even keel.  (AP Photo/Lee Jin-man, File)

    China’s Xi staying the course despite sliding economy

    BEIJING (AP) — What does China’s leadership lose politically as a result of the country’s precipitous stock market decline? A bit of international swagger, but probably not much else — for now.