In the US state of California, the minimum wage was $8 per hour at the beginning of 2014.

The current value of this money with the 2024 US inflation calculation is: 10.77$ .

In 2024, the current minimum wage in this state is $16.00 per hour.
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The minimum wage in Turkey was 389$ in 2014.
The current value of this money with the 2024 US inflation calculation is $520.

In 2024, the current minimum wage is $500.
✒️Selcoin

Deutsche Bank stated that a rally is expected in Turkish bonds in the coming months.

◻️Deutsche Bank stated that although Turkish bonds have provided positive returns since March, they have underperformed compared to foreign exchange carry transactions.

◼️The report emphasized that bonds have struggled in the short term but a rally is expected in the coming months.

◻️The reasons for the decrease in performance were; the difficult disinflation process, the high carry yields making foreign exchange attractive and low sensitivity to external factors.
✒️Ekotürk

European stock markets closed the first trading day of the week with mixed results.

◻️European stock markets closed the first trading day of the week with mixed results. The Stoxx Europe 600 index fell 0.16% to 515.11 points.

◼️Germany's DAX 40 index fell 0.35% to 18,633.11 points, and France's CAC 40 index fell 0.21% to 7,449.44 points.

◻️The FTSE 100 index in the UK rose 0.06% to 8,278.44 points, while the FTSE MIB 30 index in Italy remained flat.

◼️European markets focused on the monetary policy decisions of the US Federal Reserve (Fed) and other major central banks this week.
✒️Ekotürk

This week, the arrow will come out of the bow. What happened and ended in 4.5 years? We have never experienced an environment where interest rates were reduced since then. Although there is a common belief that "if everyone is talking about it, the opposite will happen", this is not true in every case. Some things are obvious. Like the 'tapering' statement in 2021 and our subsequent entry into a bear market. This time, we are not at the top of the roller coaster, but at the bottom. ✒️Burak Köse

The Ether whale that made 436 times profit woke up after 8 years and made a sale

While it is almost certain that the US Federal Reserve (Fed) will start to cut interest rates for the first time in years this week, risky assets, including cryptocurrencies, are now expected to rise. Despite this, an Ether whale that has been asleep for 8 years woke up after years and sold some of its ETH and converted it to USDT.
A whale who was an early Ether investor made a sale for the first time in about 8 years. According to the information provided by the on-chain tracking platform Spot On Chain, a person who bought when the Ether price was $ 5.2 and never moved his coins until today, made his first sale during the night hours.
The account, whose ETH is worth $ 38 million and has made a 436 times profit to date, first moved its coins to another wallet and then converted them to Wrapped Ether (WETH). The investor, who converted 437 WETHs into USDT, earned $1 million.

This person still has 16,199 WETHs worth approximately $37 million.

On the other hand, today the Tether Treasury also printed 1 billion USDTs. The Tether company also created $35 billion worth of USDT in 2023, when Bitcoin rose from $26,000 to $73,000.

✒️Uzmancoin
#geleceğihatırla

ICE coffee futures prices have risen to a 13-year high.

◻️ICE Arabica coffee futures prices have drawn attention by reaching their highest level in the last 13 years. Prices increased by nearly 5% today, reaching $2.7180/lb.

◼️Robusta coffee futures prices also increased by more than 3%, reaching $5.429/lb.

◻️Arabica coffee has increased by 40% since the beginning of the year due to the supply shortage in Robusta, which has led coffee chains to turn to it and adverse weather conditions in Brazil affecting production.
✒️Ekotürk

The New York Fed manufacturing index indicated growth for the first time since November last year.

◻️The US Federal Reserve (Fed) New York Branch's September manufacturing index rose to 11.5, showing growth for the first time since November 2022.

◼️The index, which was -4.7 in August, increased by 16.2 points, well above expectations (-4.1). The new order index rose to 9.4, and the shipment index rose to 17.9.

◻️Optimism for the next 6 months rose to 30.6 points. An index above zero indicates growth in the sector, while a reading below zero indicates contraction.
✒️Ekotürk

The Capital Markets Board (SPK) has approved the initial public offering of Durukan Şekerleme Sanayi ve Ticaret AŞ.

According to the weekly bulletin of the SPK, the Board has approved the initial public offering of Durukan Şekerleme Sanayi ve Ticaret AŞ at 17 lira per share.

According to the data shared by Borsa İstanbul regarding the Durukan Şekerleme public offering; when the total unfiltered data is taken into account in the public offering, there was a demand of 2,639,780,352.00 TL for 138,935,808 shares with a nominal value corresponding to 3.27 times the number offered for sale with 698,198 orders.

How many lots did Durukan Şekerleme offer in the public offering?

According to the distribution result, shares with a nominal value of 42,500,000 TL were sold to 689,338 investors in the public offering. The number of individual participants in the demand collection phase was 689,338, and the average share distribution was 61 lots (1,037 TL). ✒️Ekotürk

Borsa Istanbul closed the day with a decline.

◻️BIST 100 index at Borsa Istanbul closed the day with a 1.12% loss of value at 9,577.46 points. BIST 100 index decreased by 108.03 points compared to the previous close, while the total transaction volume was 64.6 billion liras.

◼️In this process, the banking index lost 0.96% and the holding index lost 1.16%.

◻️Among the sector indexes, mining gained the most with 3.03% and sports lost the most with 3.96%.
✒️Uzmancoin

Robert Kiyosaki warns about Bitcoin: Don't be a loser anymore

Robert Kiyosaki, author of the book "Rich Dad Poor Dad" and one of the most consulted names in the financial field in recent years, has once again warned about Bitcoin, gold and silver. Giving the example of retirees in America starting to work again, Kiyosaki said, "Counterfeit money is being printed, the rich are getting richer and the poor are getting poorer. Don't be a loser anymore and don't invest in counterfeit money."
Robert Kiyosaki, whose financial analyses are followed with curiosity and who has been advising to buy Bitcoin, gold and silver for years, has once again made similar statements.

Don't forget my words about counterfeit money"

Sharing a long message on his X account, Kiyosaki stated that retirees in the US, just like in our country, can no longer make ends meet and used the following expressions:

"Now, the elderly want to get a job to exceed their retirement income. I had dinner with a retired friend of mine last night. He said that his retirement salary is melting away due to inflation. Don't be a loser either. Don't forget my fake money lessons.

LESSON 1: When the Fed prints money, the rich get richer. The poor and the middle class get poorer. When money is printed, Bitcoin, gold and silver increase. However, the cost of food, gas and entertainment also increases. Retirees also need to become young retirees and become financially independent. This is what happens when you save gold, silver and Bitcoin.”

“Don't argue about Bitcoin and gold”

Kiyosaki also opposed the Bitcoin and gold debates in a tweet yesterday. Stating that such debates are unnecessary, Kiyosaki said, “Those who hold Bitcoin, gold and silver will get rich. So don't get into such unnecessary debates. The Bitcoin-gold debate is like the ‘Which is better, Ferrari or Lamborghini?’ debate, but it is illogical that those who argue like this are getting on the bus.”
✒️Uzmancoin
#geleceğihatırla

China’s economy is running out of steam, according to Commerzbank.

◻️“The Chinese economy is running out of steam,” said Tommy Wu, senior economist at Commerzbank Research. Wu suggested that China is increasingly likely to miss its 5% growth target for 2024 and that the government will “need to step on the stimulus pedal harder” to support the demand side to boost growth.

Multiple gunshots were heard at Trump National Golf Club in West Palm Beach, where Donald Trump is playing golf. His campaign team said Trump was safe.

Major decline in foreign direct investment in China!

◻️Foreign direct investment in China decreased by 31.5% in the January-August period of 2023, reaching 580.19 billion yuan ($81.80 billion).

◼️According to the data of the Chinese Ministry of Commerce; In the January-July period, investments decreased by 29.6%. This decline accelerated in August.

◻️The decline in investments is attributed to factors such as global economic uncertainties, China's internal problems and geopolitical tensions with the West.

◼️Restrictions applied especially in the technology and finance sectors may have reduced investors' interest in the Chinese market. China continues to offer various incentives to reverse this situation.
✒️Ekotürk
#geleceğihatırla

It's going to be an exciting week for global markets.

Bitcoin has been closing weekly in a narrow band for nearly half a year now.

Gold and the S&P 500 have remained strong during this process.

The Fed will announce its interest rate decision on Wednesday, September 18.

The Fed is expected to cut interest rates by 25 basis points this week, with a 50% chance of a 50 basis point cut.

Everyone is very excited!

Goldman Sachs CEO Ashish Shah said he knows an easing cycle is about to begin and that's why he's very excited.

Ashish Shah: "It's very rare to see an easing cycle begin, we don't know how many cuts there will be in total. There's a lot of opportunity ahead of us." ✒️Berke Oktay
#geleceğihatırla

BofA stated that the AI ​​boom is still in its infancy.

◻️Bank of America (BofA) announced that the AI ​​boom is still in its infancy. According to the bank's analysis; The impact of AI will be felt in a shorter time compared to previous technology booms.

◼️Investors are making major investments in this area with the expectation that companies will increase their productivity. The report stated that GenAI technology could transform many sectors and affect the global economy in the next 5-10 years.

◻️It was stated that AI spending could exceed 1 trillion dollars in the next few years, and it was noted that this development progressed in a cycle similar to the computer and internet revolutions.
✒️Ekotürk

The Ministry of Treasury and Finance did not allow trade with IBAN.

◻️The Ministry of Treasury and Finance determined that 250 taxpayers evaded taxes by collecting via IBAN.

◼️In the examinations conducted by the Tax Inspection Board, it was determined that 1.5 billion liras of income was left unregistered and a tax penalty of 250 million liras was imposed on this amount.

◻️The inspections focused on businesses in different sectors such as restaurant chains, jewelry companies and social media phenomena.

◼️Treasury and Finance Minister Mehmet Şimşek stated that taxpayers who evade taxes are being closely monitored and that inspections will continue to increase.
✒️Ekotürk