Turkey’s Simsek forecasts strong disinflation, primary surplus in 2026

Morgan Stanley has made an optimistic forecast predicting that gold prices could soar to $4,500 per ounce by mid-2026. This projection is significant as it reflects growing investor confidence in gold as a safe-haven asset amid economic uncertainties. Such a rise in gold prices could impact various sectors, including mining and investment, making it a crucial development for both investors and the economy.

Turkey's stock market closed on a high note, with the BIST 100 index rising by 1.24%. This positive trend reflects growing investor confidence and could signal a recovery in the Turkish economy, making it an important development for both local and international investors.

Chevron's CFO, Eimear Bonner, has warned that the current slump in oil prices could continue into 2026 due to strong production levels from OPEC+ and other countries. This situation is significant as it highlights ongoing challenges in the oil market, which could impact energy prices and economic stability globally.

Jefferies has projected that the S&P 500 could reach a fair value of 7500 by the end of 2026, indicating a strong bullish outlook for the stock market. This forecast is significant as it reflects confidence in economic recovery and growth, suggesting that investors may see substantial returns in the coming years.

Forbes is inviting nominations for its prestigious 2026 Best-in-State CPAs list, which celebrates excellence and public service in the accounting profession. This recognition not only honors outstanding certified public accountants but also highlights their significant impact on communities. With a deadline set for December 31, 2025, this is a great opportunity for individuals and firms to showcase their contributions and be acknowledged for their hard work and dedication.

The Federal Reserve's Bowman has announced plans to reduce the bank supervision staff by 30% by the end of 2026. This significant cut raises concerns about the potential impact on regulatory oversight and the stability of the banking system. As financial institutions navigate a complex economic landscape, the reduction in supervisory personnel could lead to less rigorous monitoring, which is crucial for maintaining public trust and preventing financial crises.

Roblox's stock has retained an Outperform rating from Raymond James, even as concerns about its profit margins for 2026 arise. This is significant because it indicates that analysts still see potential in Roblox's business model despite the challenges ahead. Investors may find this reassuring as it suggests that the company is expected to navigate its financial hurdles effectively.

Turkey's stock market closed lower today, with the BIST 100 index dropping by 0.31%. This decline reflects ongoing economic concerns and market volatility, which can impact investor confidence and future trading activities. It's important to keep an eye on these trends as they can influence broader economic conditions in the region.

GoDaddy's CEO, Aman Bhutani, has announced an ambitious plan to transform the company through generative AI tools. By the end of this year, GoDaddy aims for 70% of its code to be AI-generated, showcasing a significant shift in how the company operates. This move not only highlights the growing importance of AI in the tech industry but also positions GoDaddy as a leader in innovation, potentially enhancing its services and customer experience.

DTE Energy has released its Q3 financial statements for DTE Gas Company on its official website. This update is significant as it provides stakeholders with insights into the company's financial health and operational performance during the third quarter, allowing investors and analysts to assess its progress and future outlook.

Bulova has launched an eye-catching dive watch priced at just $280, making it an attractive option for watch enthusiasts. This watch not only boasts a stylish design but also features a secret element on the back, adding a unique twist that sets it apart from typical dive watches. This release is significant as it combines affordability with innovative design, appealing to both casual wearers and serious collectors.

GeneDx Holdings' CFO, Feeley, has sold $52,977 worth of stock, which is a routine part of managing personal investments. Such transactions can often indicate the executive's confidence in the company's future or personal financial planning. While this sale might raise some eyebrows, it's important to remember that executives frequently buy and sell shares for various reasons.

In a significant move, a director at BridgeBio Pharma has sold $13.2 million worth of BBIO stock, raising concerns among investors about the company's future. Such large stock sales by insiders can often signal a lack of confidence in the company's performance, leading to speculation and potential volatility in the stock price. This development is particularly noteworthy as it comes at a time when the biotech sector is facing various challenges, making it crucial for stakeholders to closely monitor the situation.

Core Scientific shareholders have voted against the proposed merger with CoreWeave, leading to the termination of the agreement. This decision reflects the shareholders' concerns about the potential benefits of the merger and raises questions about the future direction of Core Scientific. The rejection of this merger could impact the company's growth strategy and its competitive position in the market.