Latife Mustafa Kemal: Uşakizade Köşkü’nden Çankaya Köşkü’ne (Kapak değişebilir).zip
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China’s central bank surprised most economists and market participants by cutting a short-term policy interest rate, a sign that officials are increasingly concerned about faltering growth and are stepping up stimulus to boost the recovery. The People’s Bank of China lowered the seven-day reverse repurchase rate by 10 basis points to 1.9% on Tuesday, the first reduction in the rate since August 2022. That increases the likelihood the central bank will reduce its one-year loan rate on Thursday, with banks expected to lower their lending rates shortly after.
Read moreChina is considering a broad package of stimulus measures as pressure builds on Xi Jinping’s government to boost the world’s second-largest economy, according to people familiar with the matter. The stimulus proposals, drafted by multiple government agencies and partially reported by Bloomberg News earlier this month, include at least a dozen measures designed to support areas such as real estate and domestic demand, the people said, asking not to be named because the matter is private.
Read moreElizabeth Holmes has “limited financial resources” and should not have to pay $250 a month in restitution once she’s released from prison, lawyers for the Theranos Inc. founder told a judge. Federal prosecutors say there’s a clerical error in a court filing that doesn’t specify a schedule for Holmes to pay $452 million in restitution to victims of her massive fraud at the blood-testing startup.
Read moreArm Ltd., the chip designer backed by SoftBank Group Corp., is in talks with potential strategic investors including Intel Corp. to anchor what will be one of the largest initial public offerings of the year, people familiar with the matter said. UK-based Arm has held talks with other companies about participating in the IPO, according to the people, who asked not to be identified discussing confidential information.
Read moreApple Inc. shares ended at their first all-time high in more than a year on Monday, in the latest sign of how big tech has reclaimed its leadership mantle. Shares rose 1.6% to end the session at $183.79. This is Apple’s first closing high since January 2022, though it hit an intraday record after it unveiled its Vision Pro mixed-reality headset last week. The day’s gain brings Apple’s 2023 advance above 41%, compared with the 35% gain of the Nasdaq 100 Index.
Read moreUS inflation slowed in May, supporting the case for Federal Reserve officials to pause their run of interest-rate hikes this week. Both the consumer price index and the core CPI — which excludes food and energy — decelerated on an annual basis, highlighting inflation’s descent since peaking last year. At 4%, year-over-year inflation is now at its lowest level since March 2021, according to data out Tuesday from the Bureau of Labor Statistics.
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