Despite the artificial intelligence rally, the revenue of Chinese technology giant Baidu declined. The company generated a revenue of 34.1 billion yuan in the last quarter of the year. There are talks of Baidu losing favor in the eyes of Beijing due to criticisms related to its artificial intelligence technology. The balance sheet of Chinese […]
Nvidia, a chip manufacturer, has recovered its losses since the process began with DeepSeek. The company’s shares have risen by 26% since February. Analysts noted that investors have started to believe that the threat of China is being exaggerated. American chip manufacturer Nvidia has recovered a significant portion of its losses from the sales frenzy […]
Significant interest in Ethereum ETFs has revealed that investors are shifting from Bitcoin to Ether. According to data from Farside Investors, this month saw a $393 million inflow into nine Ether ETFs trading in the US, while Bitcoin ETFs experienced a $376 million outflow. Cryptocurrency investors have started redirecting their funds from Bitcoin to Ethereum […]
Turkey’s industrial giant Tüpraş announced its balance sheet for the fourth quarter of 2024. Despite market expectations of 5.1 billion lira, the company reported a quarterly net profit of 3.98 billion lira. Tüpraş’ net profit for 2024 totaled 18.31 billion lira, showing a 76% decrease compared to 2023. The company concluded 2023 with a net […]
The BIST 100 index in Borsa Istanbul started the day with a 0.07% increase at 9,923.44 points. At the opening, the BIST 100 index rose to 9,923.44 points, an increase of 6.55 points and 0.07% from the previous close. While the banking index gained 0.05%, the holding index lost 0.11%. Among the sector indices, mining […]
Details of the new housing campaign targeting middle-income individuals have been revealed. Emlak Konut announced three different payment options within the campaign. Citizens will be able to become homeowners without a down payment through decreasing installments, 1-year payment-free, and a leasing model. Here are the details of the low-interest housing campaign… Details of the housing […]
In December, the short-term external debt stock increased by 0.4 percent compared to the previous month, reaching 172.3 billion dollars. The Central Bank of the Republic of Turkey (CBRT) announced the short-term external debt statistics for the period ending December 2024. Accordingly, the short-term external debt stock increased by 0.4 percent in December compared to […]
A total of 6 different operations have been carried out in the past 45 days at customs in response to the alarm raised for viral tomato seeds. The detection of attempts to introduce these seeds from Asian countries to Turkey has prompted a state of alert. Recent analyses have identified the spotted mosaic virus and […]
Standard Chartered, headquartered in the UK, stated that Bitcoin’s long-term upward trend is being maintained, and the target of $500,000 is still valid. The increasing institutional interest in spot Bitcoin ETFs and the start of investments by state funds support the future price potential of BTC. While sharp fluctuations continue in the cryptocurrency markets, the […]
Reports indicate that Musk’s social media platform X is seeking investors at a valuation of 44 billion dollars. The fact that the company’s value has remained the same during Musk’s tenure has drawn attention. Elon Musk’s social media platform X, which he owns, is reportedly in search of investors. According to Bloomberg, X is in […]
