Analysts have downgraded Palantir Technologies Inc.’s stock to a sell rating as the company faces increased scrutiny over its business practices. According to reports, the decision was made in light of the company’s involvement in the ‘unprecedented generative AI hype cycle’, which has raised concerns about the sustainability of its growth.
The Central Bank of Turkey has recently made the decision to hold its key interest rate at 45%, putting an end to an 8-month hiking cycle. This decision comes as the country grapples with rising inflation and a weakening currency.
Goldman Sachs, one of the leading investment banks in the world, has recently released a report suggesting that the global economy is on the verge of entering a new super cycle. The report, authored by the firm’s top analyst, highlights several factors that indicate a shift towards this new era of economic growth. This announcement has sparked considerable interest among economists and investors globally.
The Federal Reserve’s recent shift in monetary policy has garnered significant attention as experts predict a year dominated by rate cuts. With the global economic cycle taking a turn, investors and market analysts are closely monitoring the implications of this new trend.
Turkey’s central bank announced on Wednesday that it was raising its benchmark interest rate to 42.5%, taking the nation one step closer to the end of its monetary tightening cycle. This significant increase comes as part of efforts to combat soaring inflation rates and stabilize the Turkish lira.
