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US wholesale trade sales rise 0.4% in May

ISTANBUL: Wholesale trade sales in the US increased by 0.4% in May, compared to the previous month, according to Commerce Department figures released Wednesday.

Wholesale trade sales, also known as the total sales of merchant wholesalers except manuf…

US mortgage applications fall with rates around 7%

ISTANBUL: US mortgage applications fell last week, as mortgage rates remained around 7%, according to a Mortgage Bankers Association (MBA) report released Wednesday.

The market composite index, a measure of mortgage loan application volume, was down …