Economy

U.S. President Donald Trump announced that a one‑time $90 payment will be made in October to more than 20 million people to support Medicare Part B premiums.

The US imposed sanctions on the A7 financial network, alleged to be used to circumvent sanctions against Russia and Iran. While the network's assets in the US were blocked, new transfer restrictions on affiliated companies conducting billions of dollars in transactions were also brought to the fore.

Kalyon Solar Technologies has decided to establish a company in the United States to operate directly in the U.S. market and increase its overseas sales. A facility for producing solar panels and other solar products within the company is planned.

The rent freeze policy has begun in New York. About 1 million permanent rentals will not see increases for 1- and 2-year leases.

In the New York–New Jersey ports, over 600 stolen vehicles were seized in the past year. The total value of the vehicles was $36 million.

Asset management firm Bitwise has opened its fund that directly invests in NEAR assets for trading on NYSE Arca in the U.S. The fund, which trades under the ticker NRR, offers investors the ability to invest in NEAR without using a crypto wallet and to earn staking income from the assets in the fund.

In Paterson, a U.S. city noted for its Turkish population, a fire on a scrap yard was raised to the second alarm. Initial reports say the flames did not spread to the buildings.

The socializing efforts of a Turkish citizen living in a small settlement of about 2,000 residents in the United States drew attention. The Turkish man, who went to the region's only café to work and meet people, encountered a closed door twice, but on his third attempt he found the café open, only to discover that no one else was inside.

In Georgia, USA, Governor Brian Kemp temporarily lifted the state tax amid rising gasoline prices, while also suspending weight limits for commercial vehicles.

U.S. President Trump is seriously considering an export ban to curb rising diesel prices; a final decision has not yet been made.

For PepsiCo, a massive logistics warehouse built on a 46‑hectare plot in Kocaeli will operate with a capacity of 28 trucks. The facility is expected to be completed in 2027.

In ABD, livestock facilities in Texas, Kansas and Oklahoma said that increased ICE activity has caused disruptions in labor and supply chains. According to the facilities, the shipment of thousands of cattle to slaughterhouses was delayed, resulting in losses of millions of dollars and additional costs.

Cost pressure in the U.S. freight and transportation sector is growing. In recent weeks, at least 16 companies have entered bankruptcy proceedings under Chapter 7 or Chapter 11, and rising diesel prices are said to also increase food and cargo costs.

Starbucks has decided to close 250 branches, which equates to about 1% of its roughly 18,000 stores in North America.

Hyundai CEO Jose Munoz said that if similar conditions arise for the rapidly growing Chinese car brands in Europe, the US market could also strengthen.

The company operating the Sheraton Raleigh Hotel in North Carolina, United States, applied for Chapter 11 bankruptcy protection after the 28 million dollar sale.

Toys 'R' Us, which once closed its U.S. stores due to bankruptcy, is preparing to open 120 new independent stores nationwide in the 2026 holiday season.

New York Municipality accelerated its pre-winter snow removal preparations. Emergency snowplow workers will receive $30 per hour, and after 40 hours per week, $45 per hour will be paid.

As Turkey's chamber of commerce elections approach, Ayhan Özmekik, who has been doing business in America for about 20 years, compares the two countries' chamber systems. Özmekik's question is clear: "If there's no need for a chamber of commerce to do business in America, why are we compelled in Turkey?"

The US Congress Budget Office announced on August 1 that the military operations against Iran would cost the Department of Defense about 38 billion dollars. It was noted that the cost could rise by an additional 2-3 billion dollars each month.

A comprehensive tax regulation on cryptocurrency transactions will be considered today in the U.S. House of Representatives. The bill introduces new rules in many areas, from the $10 transaction fee exemption to stablecoins, staking income, and the deduction of crypto losses from taxes.

The U.S. Senate rejected the proposal that would open the way for a review of the CLARITY bill, which aims to introduce comprehensive federal rules for the crypto market. While the proposal, which received 49 votes, fell short of the required 60 votes, the door was left open for the bill to be voted on again.

In Michigan, a 78‑year‑old woman and her husband won a $136,660 prize thanks to a mistakenly replayed ticket.

The price of the iPhone 18 Pro Max once again highlighted the difference in purchasing power between the countries. According to the comparison, working 7 days in Switzerland is enough to afford the phone, while in Turkey you need a full 160 days' earnings to buy the same device.