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US retail sales show strong spending start for Q3: Report

ISTANBUL: US retail sales figures for July show a strong spending start for the third quarter, according to a report by research group organization the Conference Board.

“Nominal retail sales jumped by 0.97 month-over-month in July and real retail sa…

S and P, Nasdaq post 6-day winning streak as recession fears ease

ISTANBUL: The S and P 500 and the Nasdaq extended their winning streak to six consecutive trading days as the latest macroeconomic data on Thursday have eased fears of a possible recession in the US.

The tech-heavy Nasdaq soared nearly 402 points, or…