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US states’ resilience high despite weak tax revenue: Fitch

ISTANBUL: The American states’ resilience remains high despite two years of weak tax revenue, Fitch Ratings said Thursday in a statement.

“Overall, state tax revenue growth was roughly flat for the second consecutive year, driven by sluggish sales ta…

European exchanges close with major losses

ISTANBUL: Stock exchanges in Europe closed Thursday with major losses, as inflation and unemployment inched up.

The STOXX Europe 600, which includes around 90% of the market capitalization of the European market in 17 countries, fell 6.35 points, or …

US stocks soar as Fed chair signals September rate cut

ISTANBUL: Major stock exchanges in the US soared Wednesday as Federal Reserve Chair Jerome Powell provided clear signals for a possible interest rate cut in September that investors much hoped for.

The tech-heavy Nasdaq soared almost 452 points, or 2…