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Data as of May 13, 2026, shows that trading volume in the 15 minutes before the US market opens is at the 93rd percentile historically, significantly higher than the average of the past 30 days, indicating strong buying support at the open. Simultaneously, the momentum index also reaches the 93rd percentile, significantly better than the 30-day average, reflecting that the markets ability to sustain trends has entered an extremely strong zone.May 13th - The global energy price shock triggered by the US-Israel conflict with Iran may force the Turkish central bank to raise its inflation forecast, further increasing pressure on the country to curb price increases. Turkish central bank governor Fatih Callahan will release his quarterly monetary policy report on Thursday. Analysts widely expect the central bank to raise its year-end inflation target and forecast range. The current target is 16%, with a forecast range of 15% to 21%. Hande Sekergi, chief economist at Is Asset Management, stated, "Although the central bank has stated it will not adjust its interim targets unless there are extreme circumstances, the global price shock and escalating supply issues are likely to prompt it to raise its year-end inflation target."May 13th - According to CNBC, the US Producer Price Index (PPI) saw its largest monthly increase in over three years in April, driven by continued pressure from upstream costs, indicating renewed inflationary pressures. Data released Wednesday by the US Bureau of Labor Statistics showed that the seasonally adjusted Producer Price Index (PPI) rose 1.4% month-over-month in April, far exceeding the 0.5% forecast in a Dow Jones survey and also higher than the revised 0.7% in March. This is the largest monthly increase since March 2022. Year-over-year, the PPI rose 6% in April, the highest level since December 2022. Excluding food and energy, the core PPI rose 1% month-over-month, higher than the expected 0.4%. Further excluding food, energy, and trade services, the PPI rose 0.6% month-over-month. Similar to the surge in CPI data released on Tuesday, energy prices were also the fundamental reason for the unexpectedly large increase in the April PPI data. The Bureau of Labor Statistics stated that about three-quarters of the increase in commodity prices in the PPI was driven by final demand for energy, which rose 7.8% that month. More than 40% of that increase could be attributed to a 15.6% surge in gasoline prices. That month, due to the impact of the Iran-Iraq War on the entire energy sector, U.S. gasoline prices had already well exceeded $4 per gallon.Alibaba (BABA.N) executive: By 2033, we will need 10 times the computing power of 2022.Following the release of US PPI data, the gains in the emerging market currency index narrowed.

Meta promises to provide Facebook and Instagram with new premium services

Haiden Holmes

Sep 01, 2022 11:03

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The Verge reported on Tuesday, citing an internal document, that Meta Platforms Inc is forming a new product group to develop "possible commercial services" for its Facebook (NASDAQ:META), Instagram, and WhatsApp platforms.


In an interview with The Verge, John Hegeman, head of advertisements and business products at Meta, indicated that the company has no plans to charge users to stop commercials and is committed to increasing its advertising business.


The company did not immediately respond to Reuters' request for comment.


Hegeman declined to elaborate on the premium features under discussion, according to the newspaper.


This would bring Meta in line with Snap Inc (NYSE:SNAP) and Twitter Inc (NYSE:TWTR), both of which have launched paid tiers to unlock additional features.


Due to fears of a recession and more competition, Meta recorded its first quarterly decrease in revenue last month.


According to the source, Pratiti Raychoudhury, a former research director at Meta, would manage the New Monetization Experiences group.