Turkey Pauses Rate Hikes Ahead of Inflation Peak Near 70%
Thu, Apr 25, 2024 5:49 PM

Turkey Pauses Rate Hikes Ahead of Inflation Peak Near 70%

A Flip by Shubhangi Gupta
Get it on Google Play
Turkey’s central bank kept interest rates unchanged, pausing a month after surprising markets with a big hike and delivering additional tightening since then. The Monetary Policy Committee led by Governor Fatih Karahan left the one-week repo rate at 50% on Thursday. All but two economists surveyed by Bloomberg correctly predicted the decision, while the rest saw an increase.

More great flips

This Billionaire Is Selling This Magnificent Dividend Stock

This Billionaire Is Selling This Magnificent Dividend Stock

Bill Gross has made a lot of money in his career. Dubbed the "bond king," Gross helped build Pimco into a leading investment management firm focused on fixed income. He's amassed an estimated $1.7 billion fortune, according to Forbes. These days, Gross has been putting a portion of his net worth into master limited partnerships (MLPs).

Open Flip
SunPower Stock Has 87% Upside, According to 1 Wall Street Analyst

SunPower Stock Has 87% Upside, According to 1 Wall Street Analyst

Bad news for SunPower (NASDAQ: SPWR) investors: On Monday, Scotiabank analyst Tristan Richardson lowered his price target on SunPower stock to $4 a share, a $2 drop. Great news for SunPower investors: $4 a share is 101% more than SunPower stock cost Monday morning. And investors who buy this solar power stock can therefore expect to double their money in a year.

Open Flip
Is Snap Stock a Buy Now?

Is Snap Stock a Buy Now?

Snap's (NYSE: SNAP) stock surged 28% on April 26 in response to its first-quarter earnings report. The social media company's revenue rose 21% year over year to $1.19 billion, exceeding analysts' estimates by $74 million, as its adjusted earnings tripled to $0.03 per share and cleared the consensus forecast by $0.08. Snap's headline numbers looked healthy.

Open Flip

Join our Smart Investment Community

More than 1 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon