ISTANBUL: Major US stock exchanges experienced a significant drop following the opening bell on Wednesday.
The S and P 500 fell 81 points, or 0.47%, to 5,474 at 10.18 a.m. EDT. The Dow, meanwhile, declined 374 points, or 0.93%, to 39,983.
The Nasdaq…
ISTANBUL: Tesla shares were down more than 10% on Wednesday, heading for the worst daily performance since January after the company posted weak second-quarter financial results.
The American electric carmaker’s stock price was trading at $219.84 at …
ISTANBUL: US mortgage applications fell last week, despite mortgage rates dipping to their lowest in five months, according to a Mortgage Bankers Association (MBA) report that was released Wednesday.
The market composite index, a measure of mortgage …
ISTANBUL: The CEO of US based cybersecurity firm CrowdStrike, whose update caused a major global IT outage, was also linked with a similar crisis in 2010.
Last week, CrowdStrike’s update caused an important crisis in the IT history of the world by da…
ISTANBUL: The Dominican Republic’s real gross domestic product (GDP) growth is projected around its long-term trend of 5% in 2024 and thereafter, with inflation around its 4% target, the International Monetary Fund (IMF) said Wednesday.
Despite a str…
ISTANBUL: The Bank of Canada announced Wednesday it reduced its policy rate by 25 basis points to 4.5%, marking the second rate cut in more than four years.
The target for the overnight rate was lowered to 4.5%, with the bank rate at 4.75% and the de…
