financial news

Turkey Hikes Fuel Tax by 200% to Finance Earthquake Damages

(Bloomberg) — Turkey boosted its fuel taxes by almost 200% on Sunday, a move that will magnify inflationary pressures and further strain household budgets.

The new special consumption taxes on different types of fuel — including gasoline and diesel —

Bloomberg unveils finance-focused AI model Bloomberg GPT

Bloomberg, a leading financial data services provider, this week unveiled a new artificial

S&P 500, Nasdaq slip amid hawkish Fed, sticky inflation signs

US stocks finished mixed Friday as investors pointed to a continued risk-off tone, with energy underperforming.

The S&P 500 (^GSPC) slumped by 0.2%, while the Dow Jones Industrial Average (^DJI) added 0.4%, recovering from early-session losses. The technology-heavy Nasdaq Composite

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