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US economy expands 2.8% in 3rd quarter, lower than estimates of 3%

ISTANBUL: The US economy expanded 2.8% in the third quarter of 2024, according to the Commerce Department’s first advance reading released Wednesday.

The figure came lower than market estimates of 3%.

The American economy expanded by 3% in the secon…

US house prices annually jump 4.2% in August

ISTANBUL: US house prices annually jumped 4.2% in August, from the same month of last year, the Federal Housing Finance Agency (FHFA) said Tuesday.

The figure showed a year-on-year increase of 4.7% in July.

On a monthly basis, meanwhile, house price…