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Bitcoin soars over 4% to $62,500

ISTANBUL: The price of Bitcoin soared over 4% to $62,500 in the last 24 hours.

The current price of Bitcoin is at around $62,510, as of 1120GMT, and its market cap increased to $1.23 trillion.

Bitcoin’s transaction volume in the last 24-hour period …

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Turkish stock exchange opens Friday looking up

ANKARA: The Turkish benchmark stock index opened Friday at 11,035.13 points, up 0.10% or 10.80 points from the previous close.

On Thursday, Borsa Istanbul’s BIST 100 index surged 2.62% to an all-time closing high of 11,024.33 points with a daily tran…

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US stocks higher despite hot producer prices

ISTANBUL: Major stock exchanges in the US were higher on Friday despite producer inflation figures coming in hotter than expected.

The Dow Jones Industrial Average was up 189 points, or 0.48%, to 39,942 at 10.18 a.m. EDT (1418GMT).

The S and P 500 r…

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US consumer sentiment falls to lowest in 8 months

ISTANBUL: US consumer sentiment declined in July to its lowest level in eight months, according to preliminary results from the University of Michigan’s consumer survey released Friday.

The index of consumer sentiment decreased 2.2 points to 66.0 in …

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