Oil price remained in a narrow band

Oil rose slightly for a third session as investors weighed down lower U.S. inventories and weaker Chinese demand. Brent was little changed for the week, rising ab...

Yellen's statement on 'stable growth'

US Treasury Secretary Janet Yellen stated that data showing that the country’s economy grew by 2.8 percent in the second quarter of the year confirms that the US ...

US economy grows faster than expected

The U.S. economy grew by a more-than-expected 2.8 percent in the second quarter of this year. The U.S. economy grew by a more-than-expected 2.8 percent in the sec...

Is the sell-off in technology stocks temporary or permanent?

After the earnings season of giant technology companies started with weak figures announced by Tesla and Alphabet, investors began to evaluate whether the artific...

Yen strengthens on BOJ rate hike expectations

The Japanese yen continues to gain strength on expectations that the interest rate gap between the US and Japan will start to narrow. The Japanese yen, which has ...

Another surprise interest rate cut from China

The People's Bank of China has made a surprise cut to its medium-term lending facility (MLF) rate. For the second time this week, the People's Bank of China has s...

Oil continues to fall

Oil fell on a weak outlook for China and dwindling U.S. inventories, along with a broader pullback in commodity and equity markets. Brent fell to $81 a barrel aft...

AI impact on IBM's revenue

American technology company IBM’s revenue increased by 2 percent to $15.8 billion in the second quarter of this year. IBM CEO Arvind Krishna said, “We continue to...

New York Stock Exchange Falls Sharply

The Dow Jones index lost more than 500 points, falling 1.25 percent to 39,853.87 points. The S&P 500 index lost 2.32 percent to 5,427.12 points. The S&P 500 and N...

Initial balance sheets disappoint global markets

In global markets, the first earnings reports from the US were disappointing. Tesla’s profits fell short of expectations in the fourth quarter, while Alphabet sai...

Deutsche Bank reports loss after four years

Deutsche Bank reported a quarterly loss of 143 million euros in the second quarter, its first quarterly loss in four years. Germany’s largest bank, Deutsche Bank,...

Expectations for a BOJ rate hike increase Only 30 percent of economists following the Bank of Japan (BOJ) think that officials will raise interest rates at next w...

Revision to provision that drew reaction from banks in Europe

The European Central Bank (ECB) is preparing to ask banks to set aside less provision for leveraged loans than initially planned. European Central Bank (ECB) offi...

Oil rises after losses

Oil pared losses and rose after an industry report showed U.S. crude inventories fell for a fourth week. Brent rose above $81 a barrel after losing nearly 5% in t...

Tesla's profits fell by 45 percent in the second quarter

US electric car manufacturer Tesla's net profit fell by 45 percent in the second quarter of this year compared to the same period last year. According to Tesla's ...

Alphabet boosts revenue in Q2 with AI

Google parent Alphabet reported second-quarter revenue of $85 billion, up 14 percent from the same period last year. Google CEO Sundar Pichai said the company’s p...

Kamala Harris narrowly ahead of Trump

The latest US election poll showed Kamala Harris leading Trump by two points. Following US President Joe Biden’s withdrawal from the race, a new Reuters/Ipsos pol...

"Fed may keep interest rates steady due to US elections"

The Fed is increasingly likely to hold interest rates steady as the election race heats up, said Hooman Kaveh, chief investment officer at Mercer LLC. The Fed is ...

Two critical balance sheets for Wall Street

US markets are locked in for the second-quarter earnings season. Among the balance sheets, those of technology companies will be particularly prominent. Tesla and...

No move expected from TCMB on interest rates

In domestic markets, attention has turned to the interest rate decision of the Central Bank of the Republic of Turkey (TCMB). Market participants do not expect an...

Horizontal trend in oil

Oil prices were flat near six-week lows as investors awaited new clues on market balance, including the outlook for U.S. inventories. Global benchmark Brent crude...