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July 3, 2024

Used car dealer Vroom settles with US regulator amid violations

ISTANBUL: Texas-based online used car dealer Vroom settled with a US regulatory agency for deceiving customers, failing to deliver on time and provide required disclosures.

The Federal Trade Commission (FTC) said Tuesday it has taken action against t…

US mortgage applications fall as rates rebound from 3-month low

ISTANBUL: US mortgage applications fell last week, as mortgage rates rebounded from their lowest in more than three months, according to a Mortgage Bankers Association (MBA) report released Wednesday.

The market composite index, a measure of mortgage…

US services sector contracts in May for 2nd time in past 3 months

ISTANBUL: Economic activity in the US services sector fell in June for the second time in the last three months, according to a survey report Wednesday by the Institute for Supply Management (ISM).

The ISM’s non-manufacturing purchasing managers’ ind…