Navigating Value in an Expensive Market: Goldman Sachs Strategists Identify Opportunities
In the current landscape of an increasingly expensive U.S. stock market, Goldman Sachs strategists, led by David Kostin, have identified potential value in small-cap stocks and shares of consumer staples companies. The ongoing rally in the S&P 500, which is approaching record highs, has elevated stock valuations to historical levels. The S&P 500’s price-to-earnings ratio […]
Turkey Delays Inflation-Adjusted Accounting for Financial Institutions Until 2025
Turkey’s financial landscape is set to undergo a significant change, with the Banking Regulation and Supervision Agency (BDDK) announcing on Monday that banks and various financial institutions will defer the implementation of inflation-adjusted accounting until January 1, 2025. This decision aligns with the government’s broader policy, initiated last year, mandating the application of inflation-adjusted accounting […]