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July 16, 2024

US retail sales remain steady at $704.3B in June

ISTANBUL: US retail sales in June showed no change from the previous month and remained steady at $704.3 billion, according to advance figures released Tuesday by the US Commerce Department.

US business inventories rise 0.5% in May

ISTANBUL: US business inventories increased 0.5% to $2,558.5 billion in May, according to Commerce Department figures released Tuesday. The figure came in higher than expectations of a 0.4% increase. The

Canada’s housing starts plummet 9% in June

ISTANBUL: Housing starts in Canada plummeted 9% in June, compared to the previous month, according to Canada Mortgage and Housing Corporation (CMHC) figures released Tuesday. Housing starts stood at 241,672

US homebuilding sentiment declines in July

ISTANBUL: Homebuilding sentiment in the US decreased in July, according to a report released on Tuesday. The National Association of Home Builders/Wells Fargo Housing Market Index came in at 42

Morgan Stanley’s income, revenue surged in 2nd quarter

ISTANBUL: US-based multinational investment bank and financial services company Morgan Stanley increased its income and revenue in the second quarter of this year, according to its financial results statement released

European stock exchanges close with losses

ISTANBUL: Stock exchanges in Europe closed Tuesday with losses. The STOXX Europe 600, which includes around 90% of the market capitalization of the European market in 17 countries, fell 1.43