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Business
US Deputy Treasury Secretary Adeyemo to meet with his counterpart Elitas
US Deputy Secretary of the Treasury Wally Adeyemo will meet with Yunus Elitas, Deputy Secretary of the Treasury and Finance,…
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Business
Food firms eye larger share in US market
Turkish food companies, seeking to increase their exports to the U.S to $2 billion in four years, made a strong…
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Business
US gasoline prices retreat below $5 after crude oil dives 6%
National average for regular gasoline still up 62.3% from last year US gasoline prices dove below $5 per gallon level…
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Business
US housing starts plummet 14% in May
Building permits fall 7% from previous month US housing starts plummeted 14% in May, falling for the second consecutive month,…
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Money
Federal Reserve lowers US growth forecast, raises inflation estimate for 2022
Fed anticipates benchmark interest rate to end this year at 3.4%, rising to 3.8% in 2023 The Federal Reserve lowered…
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Business
Ford to recall 2.9 million automobiles as gear issue may cause vehicles to roll away
Recall includes 5 vehicle models manufactured as early as 2013 The Ford Motor Company is recalling 2.9 million automobiles to…
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Business
Morgan Stanley CEO sees 50% possibility of recession for US economy
‘I think eventually Fed will get hold of inflation,’ James Gorman says Morgan Stanley Chief Executive Officer James Gorman said…
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Business
US gasoline prices continue to climb above $5 per gallon
National average for regular gasoline jumps 62.9% from last year US gasoline prices continued to climb above $5 per gallon…
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Business
Crypto market cap dives below $1T, lowest in 17 months
Record-high inflation, Fed’s aggressive interest rate moves cause crypto investors to adopt risk aversion Cryptocurrency market capitalization dived below $1…
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Money
US Treasury posts $66B budget deficit in May, below expectations
Median forecast of economists was for deficit of $120B The US government posted a $66 billion budget deficit in May,…
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