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US stocks gain steam, trying to recover from losses

ISTANBUL: US stocks gained steam Tuesday as they tried to recover from the previous days’ losses as recession fears pushed global markets into a freefall.

The Dow Jones was up 491 points, or 1.27%, to 39,194 at 12.23 p.m. EDT after diving 2.6% on Mon…

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Microsoft users report problems with services

ISTANBUL: Users reported problems related to Microsoft’s services due to an authentication process on Tuesday, according to the outage tracker site, Downdetector.

Microsoft said on X that it investigated the issue related to services such as SharePoi…

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Uber’s revenues beat forecasts in Q2

ISTANBUL: International tech firm Uber’s second-quarter revenues exceeded market expectations with a jump of 16% to $10.7 billion.

The firm’s gross bookings soared 19% to $39.95 billion this April-June period on a yearly basis, Uber said on Tuesday.
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Retail sales down in eurozone in June

ISTANBUL: Retail sales volume decreased by 0.3% in the euro area in June on yearly basis, the-27 member block’s statistical authority Eurostat announced on Tuesday.

The volume of retail trade decreased for food, drinks, tobacco by 0.7%, increased for…

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