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October 21, 202615°
BIST10011,798
+3.22%
USD49.58
+0.05%
EUR55.62
+0.09%
GOLD4,140.30
-0.06%
INTEREST37.00%
-1.00
BITCOIN82,964
+0.03%
October 21, 202615°

Markets & Finance

142 articles

Economy

Bank of America Says Americans Are Shifting from Expensive to More Affordable Products
Bank of America CEO Brian Moynihan stated that consumers are changing their spending habits in response to high prices, opting for more affordable products. According to the bank's data, credit and debit card spending increased by 5% in May compared to the same period last year; holiday and dining out expenses also continued.
US administration imposes export restrictions on Anthropic's Fable 5 and Mythos 5 models
The US administration imposed export restrictions on Anthropic, leading to the Fable 5 and Mythos 5 models being disabled for foreign users. The company said it supports the government's authority to prevent unsafe distributions but found the decision disproportionate.
IPO race heats up in the US as OpenAI-Anthropic rivalry shakes Wall Street
The rivalry between OpenAI and Anthropic is shaping not only the pace of AI product launches but also their IPO plans. Anthropic's announcement that it filed a confidential application with US regulators on June 1 has increased the pressure on OpenAI to go public.
As Strait of Hormuz crisis continues, global oil market including US remains more resilient than expected
The disruption in the Strait of Hormuz exceeding 100 days has caused a major interruption in global oil shipping, but the Brent price has not risen as much as expected. The involvement of the US, Brazil and Canada, along with the impact of stockpiles, has so far limited the shock to the market.
Mamdani unveils plan to build 200,000 affordable homes on New York public land
The Zohran Mamdani administration aims to build 200,000 affordable homes across the five boroughs by using public land more aggressively. The plan also considers opening libraries, parking lots, and some public buildings to mixed-use development with housing.
Boston neighbors' group purchase reduces heat pump cost
Marie Tai, a Boston resident, suspended her plan after receiving high quotes for a heat pump. She then turned to a lower-cost option through a group purchase program organized by Laminar Collective.
Young adults in the US return to family homes due to high rents
Rent pressure and high living costs in the US are pushing many young adults to move back in with their parents. For some, this step has become a strategy to pay off debt, save money and strengthen their plan to become a homeowner.
US and Iran Near Framework Agreement, Hormuz and Sanctions Remain Uncertain
As the US and Iran approach signing a framework agreement aimed at ending conflict, the exact timing remains unclear. The plan's first step highlights reopening the Strait of Hormuz; however, Iran has not confirmed the signing date.
Erdoğan Announces Education Target of 5 Million People for Artificial Intelligence Literacy
President Recep Tayyip Erdoğan announced the launch of the National Artificial Intelligence Literacy program at the Turkey Artificial Intelligence Summit. Erdoğan stated that workshops will be opened in 81 provinces to train 5 million people within two years, aiming to cultivate 10,000 advanced experts and 100,000 application professionals.
Elon Musk’s Trillion-Dollar Wealth Rekindles Debate on Power and Democracy in the US
The assessment that Elon Musk’s wealth has reached the trillion-dollar mark has reignited discussions in the US about excessive wealth accumulation and political influence. The text questions the impact of such vast wealth on democracy and public power.

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