It was just last week that President Donald Trump backed out of the Iran nuclear deal, unsettling allies who are now scrambling to salvage the accord. On Tuesday, the Trump administration went further, slapping sanctions on the governor of Iran's central bank. But while the president doubles down on Tehran, his planned summit with North Korean leader Kim Jong Un is suddenly in jeopardy. —David E. Rovella

Here are today's top stories

After four days in positive territory, the markets retreated Tuesday for their steepest slide in almost two weeks.

A Treasury selloff is raising questions about how expensive it might get for the U.S. government to borrow money, especially as budget deficits widen.

​​​​​​The U.S. is threatening sanctions against the European Union after the World Trade Organization ruled Airbus received illegal government funding, costing Boeing sales.

How much money do you need to be "wealthy" in the U.S.? More than you might think, according to a survey of 1,000 Americans, most of them aspirational multimillionaires.

In Europe, the financial picture is getting darker. Economic growth on the continent has been lackluster this year, with Germany's pace of expansion cut in half.

He was the most powerful federal prosecutor in America until he was fired. Now Preet Bharara may try to become the most powerful state prosecutor in the country.

What's Joe Weisenthal thinking? The Bloomberg executive editor isn't worried about a populist Italian government and its debt heavy plans because the markets don't seem to be.

What you'll need to know tomorrow

• Erdogan plans to tighten his grip on Turkey's economy.
• Your bank account may soon make money again.
• Apple warns Trump against tangling with China on trade.
• Democrats should watch Pennsylvania for signs of a November blowout.
• Why the biggest winners in the Republican tax overhaul haven't been born yet.
• A Volker rule rewrite will open the door to short-term trading currently viewed as speculative.
• Wyoming is trying to make itself the capital of cryptocurrency.

What you'll want to read tonight

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