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Initial jobless claims in US decrease by 10,000

ISTANBUL: The number of Americans filing first-time unemployment claims fell by 10,000 last week to 235,000, according to Labor Department data released Thursday.

The figure came in slightly less than estimates of 237,000. The previous week’s reading…

European stocks close lower except in UK

ISTANBUL: European stock exchanges closed lower on Monday, except in the UK.

The STOXX Europe 600, which includes around 90% of the market capitalization of the European market in 17 countries, was down 1.04 points, or 0.2%, to finish at 511.79.

Ger…

US Treasury chief says economy on steady growth, inflation falling

ISTANBUL: The US Treasury Secretary Janet Yellen said Thursday that the American economy is on a steady growth with inflation declining.

“Instead of faltering, US GDP grew by a robust 3.1% during 2023,” she told a press conference during the G20 Fina…