KFC and Pizza Hut sales fall

Restaurant chains KFC and Pizza Hut saw their store sales decline in the second quarter of this year. Sales of Kentucky Fried Chicken, also known as KFC, decrease...

BofA's CBRT forecast

Bank of America (BofA) Turkey economist Zümrüt İmamoğlu stated that the Central Bank of the Republic of Turkey has room to cut policy rates in December. Sharing h...

Musk sues group of advertisers

Elon Musk's social media platform X has sued a group of advertisers and some major companies for illegally boycotting the platform and causing revenue loss. X CEO...

Horizontal trend in oil

Oil was flat after recovering from a market slide as investors awaited a retaliatory Iranian attack on Israel. Brent crude traded above $76 a barrel after closing...

Goldman CEO issues interest rate message

“We could see one or two rate cuts from the Fed in the fall,” David Solomon, chief executive of Goldman Sachs, one of Wall Street’s biggest banks, said. David Sol...

Step from TCMB to support Turkish lira deposits

The TCMB has taken steps to support the transition from Currency Protected Deposits to Turkish Lira deposits. Following the meeting of the TCMB management and ban...

Regulation from the US that scares the market

The Biden administration is reportedly considering the most severe possible trade restrictions if companies such as Tokyo Electron Ltd. and ASML Holding NV contin...

Trump's Vice Presidential Candidate Warns Wall Street

Senator James David (JD) Vance, who has agreed to run as the Republican Party’s vice presidential candidate for the US presidential election, said he will “not se...

Oil continues to rise

Oil rose as U.S. crude inventories fell for a third straight week. Brent crude traded above $85 a barrel after rising 1.6 percent on Wednesday, while U.S. crude w...

Fed Beige Book report: Economic activity falls in some regions

According to the Fed's Beige Book report, many regions reported that economic activity was falling or flat as we entered the third quarter. The Fed published the ...

Fed close to cutting rates, members want more evidence

US Federal Reserve (Fed) Board Member Christopher Waller said the time for the bank to cut interest rates is “approaching.” Speaking at an event organized by the ...

ECB may wait until September for next rate cut

The European Central Bank is not expected to draw a concrete roadmap at its meeting today. The European Central Bank (ECB) will announce its interest rate decisio...

Interest rate signal from Fed official

Chicago Fed President Austan Goolsbee said the Fed needs to cut interest rates soon to avoid a major deterioration in the labor market, which has been cooling in ...

Public sector savings package passed through Parliament

The bill on savings measures in the public sector was accepted by the TBMM General Assembly. The bill will enter into force on January 1 The Bill on Amendments to...

Netflix Adds Over 8 Million New Subscribers in Q2

Global internet television network Netflix’s subscriber count increased by over 8 million in the second quarter of this year Netflix has announced its second-quar...

Interest rate message from San Francisco Fed President Daly

San Francisco Fed President Mary Daly said she is looking for greater confidence that inflation is returning to the Fed’s 2% target. San Francisco Fed President M...

Biden's cabinet discusses possible withdrawal

In the US, some cabinet members discussed whether they should talk to US President Joe Biden about his diminishing chances of winning the election. According to i...

China braces for slower growth

President Xi Jinping has given no indication that steps will be taken to revive the slowing economy. Speaking at the Third Plenum, held every five years in China,...

What are Trump's inflation, tax and refugee promises?

Trump promised to immediately end the “devastating inflation crisis” and lower interest rates in his speech. Former US President Donald Trump has officially accep...

Biden has withdrawn his candidacy US President Joe Biden announced that he is withdrawing his candidacy for the elections to be held on November 5th. After withdr...

What are Harris' chances?: Effective in swing states, but...

After incumbent US President Joe Biden withdrew from the race and pointed to his running mate Kamala Harris for the nomination, attention turned to how likely Har...