US Federal Reserve

Sales of previously occupied U.S. homes sank in 2023 to a nearly 30-year low, as sharply higher mortgage rates, rising prices and a persistently low level of homes on the market combined to push homeownership out of reach for many Americans.

China on Friday announced new plans to restrict the online gaming industry, sending shares in tech giants including Tencent tumbling and wiping tens of billions of dollars off their value.

New draft restrictions published online by the regulator are aimed at limiting in-game purchases and compulsive playing behaviour.

Stock markets fell yesterday as traders took a step back following last week's rally, with Federal Reserve officials looking to temper expectations the U.S. central bank will cut interest rates several times next year.

In response to the escalating issue of stray dog attacks, Presidential Local Governance Policies Board vice chairman, Şükrü Karatepe, emphasized that the primary measure to address the problem is reducing births rather than euthanizing animals. This announcement comes amid a growing concern over the country's rising number of stray dogs.

Gold hit a fresh record yesterday on growing optimism the Federal Reserve will cut interest rates in the new year, with traders shrugging off boss Jerome Powell's attempts to temper expectations.

Bitcoin, the leading cryptocurrency, surged nearly 5% to cross the elusive 40,000 threshold, marking its remarkable resurgence in over 18 months. This notable climb continued the digital currency's year-long recovery, fueled by anticipations of reduced interest rates and heightened demand from the exchange-traded fund (ETF) sector.

Specially bred Arabian racehorses from the Agriculture and Forestry Ministry's facility in the northwestern province of Bursa have garnered a lot of interest, selling for up to 1 million Turkish Liras at various auctions.

Traders in markets are looking ahead to the Federal Reserve's summer conference for signs of whether the U.S. central bank thinks inflation is under control or more interest rate hikes are needed to cool inflation.

Fed officials have used the Jackson Hole, Wyoming, conference in previous years to indicate changes in policy direction.

For the second session in a row, the Athens Stock Exchange posted mild gains on Thursday, with investors being very selective with their picks, consistent with the prevailing nervousness in global markets as they brace for a Fed move to raise its rates once again in the coming months.

A US central bank official has said that more interest rate hikes "will likely be needed" to bring inflation down further, shortly after policymakers lifted rates to the highest level since 2001.