U.S

U.S (57)

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How to Invest in the U.S.

How to Invest in the U.S. (39)

The USA is structured as 50 states and 3 dependent territories.To enter the US market you must have a strategy and a marketing program. You may carry out market research on the Internet, you may pay professional companies to do it for you, or you may carry it out on your own. In the US market you have to think long term and be patient. High profits are unlikely due to tough competition. View items...
Industries

Industries (16)

"Textiles, apparel, gold, marble and steel are the leading export goods from Turkey into the U.S. Key members of these industries told Turk of America about the competitive environment. Where does the Turkish-American trade stand today, and what are our competitors doing?" View items...
Economy

Economy (2)

"Textiles, apparel, gold, marble and steel are the leading export goods from Turkey into the U.S. Key members of these industries told Turk of America about the competitive environment. Where does the Turkish-American trade stand today, and what are our competitors doing?"

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Future of Cryptocurrency

Turk of America Journalist Ali Cinar interview Perianne Boring ,President and Jackie Price, CMO at Chamber of Digital Commerce. They have shared positive messages for the digital currency market.


-What does the future for Cryptocurrency?

Digital assets and cryptocurrencies are going to play a critical role in the financial system for generations to come. Already we see more and more companies like MicroStrategy, MassMutual, Tesla and others adding these assets to their balance sheets and payment platforms like PayPal, Square and MasterCard entering the market. We are still in early days, but the adoption and expansion of cryptocurrencies and digital assets is going to continue. Millennials and Gen Z citizens around the world are particularly eager to invest in and use digital assets, partly because they appreciate the speed and efficiency and because they are the digital-native generations that are well suited for these platforms.

-Do you think that Speculation Isn't the Sole Driver of Bitcoin Prices? Especially, are Elon Musk statements healthy for the market ?

Bitcoin has emerged as its own asset class and the case for bitcoin as a true store-of-value has been made. Much of the current buying demand is from corporate and institutional investors that are looking to diversify their portfolios into uncorrelated assets. The macroeconomic landscape where the war on COVID has turned into the war on currencies has left many investors looking to hedge against the hidden tax on inflation from expansionary monetary policies.

-What would be the expectation regarding digital currencies (bitcoin) from Biden Admin?

There are many things to consider and numerous discussions among policymakers, regulators and the industry right now that are important steps toward a clear, transparent, and growth-oriented framework for innovation in the industry. The Chamber of Digital Commerce is working with Congress and the Biden administration to accelerate the adoption of a National Plan of Action for Blockchain and Digital Assets, which is urgently needed to maintain a U.S. leadership position during this transformative moment on global financial history.

***Ali Cinar's interviews were published on CNNTurk and Milliyet Newspaper.
 

President-Elect Biden: A First-Class Economic Team

At Biden-Harris  transition headquarters in Wilmington, Delaware, President-Elect Joe Biden  introduced his new economic team as he called  "a 'First-Class' team who will bring America out of the financial crisis.

In his speech, Biden renewed his call to Congress to immediately pass the coronavirus economic aid package and stated that any potential aid package to be passed before January, when he takes over the Presidency, would only be the beginning. Biden added that his team had started working on the Coronavirus aid package and that the package would be announced immediately after he takes office.

"No one is more qualified than Yellen."

Biden officially announced Janet Yellen, the former President of the Federal Reserve (FED), as his nominee as the Secretary of Treasury. Yellen will be the first woman to take this role if she is approved by the Senate. Biden said, "No one is more qualified to deal with this crisis than Yellen."

Biden announced that he would be appointing Neera Tanden, the President of the Center for American Progress, a center for political and public research, as the head of the White House Office of Management and Budget. Tanden will be the first American woman of South Asian descent to take this role. 

When talking about Tanden, Biden said, "She understands the struggles that Americans are facing."

Biden picks Wally Adeyemo as Deputy Secretary of Treasury. Adeyemo will be the African American who has been given the highest role at the Treasury to date.

Biden has announced Cecilia Rouse, the Dean of the Princeton University School of Public and International Affairs, as the Economic Advisor to the White House. Rouse will be the fourth woman, but the first black American, to take this role.

Biden also officially announced that Jared Bernstein and Heather Boushey would be among the names on the economic council.

Biden said that he hoped his candidates would be approved swiftly by the Senate.

Yellen calls for swift action.

On the other hand, Yellen, who has been announced as the Secretary of Treasury by Biden, said, "We are experiencing a historic crisis due to the pandemic and the economic consequences it has brought with it." She underlined that the pandemic had affected the poorest in a disproportional manner and essential to take urgent action. She stated that it was of critical importance that economic recovery includes everyone.

Mitch McConnell, the leader of the Republicans in the Senate, has proposed that the new economic aid package be merged with the budget proposal.

McConnell, who announced to the press after having discussions with Republican senators, stated that he had held talks with the White House and shared the summary of a proposal, which would be acceptable to President Donald Trump, with Republican senators.

However, according to a Republican source from the Senate, the said proposal is very close to one that McConnell has been talking about for months and rejected by the Democrats. According to a document obtained by Reuters, the said plan foresees the setting aside of 332.7 billion dollars for small businesses, in the form of loans or grants.

Treasury Secretary Steven Mnuchin and Nancy Pelosi, the Speaker of the House of Representatives, had met on Tuesday to discuss the matter.

 

Turkish Trade Center to Open in NYC Garment District on July 18

Istanbul Ready-Garment Exporters' Association (İHKİB), which provides 75 percent of Turkey's ready-to-wear export, has opened Turkish Trade Center in coordination with Turkish Exporter's Assembly (TİM) in New York in the region in the "ground zero" of the fashion world. The 4,000-square-foot showroom will operate at 10 East 34th Street in the heart of New York's garment district.

Turkish Exports to the US Boosted amid European Stagnation

Image Turkish exports to the U.S. have skyrocketed over the past five years, reaching an astounding $6.3 billion in 2014, a data sheet compiled by the Turkish Statistical Institute revealed last Friday. Turkey's exports to the U.S. increased over 12 percent in 2014, making it the sixth biggest purchaser of Turkish goods last year.

Chobani Ranks No. 117 on the 2012 Inc. 500|5000

Image Inc. magazine today ranked Chobani No. 117 on their annual Inc. 500|5000 list, an exclusive ranking of the nation's fastest-growing private companies. The list represents the most comprehensive look at an integral segment of the economy—America’s independent entrepreneurs. This is the first year that Chobani has been recognized on this list as they join other prominent companies like Yelp, Giftcards.com, KIND, and famed hatmaker Tilly’s.

Buzz Surrounds Relocation of Coke's Secret Formula

Image The brand-brandishing companies behind these secrets all know this. But perhaps none better than Coca-Cola, which on Thursday was all over Facebook, Twitter and YouTube to announce that it was physically moving its secret formula from a SunTrust Bank vault in Atlanta to a vault in a new exhibit at Coke's World of Coca-Cola tourist attraction in downtown Atlanta.

"The whole point of a trade secret is that you know something that no one else does," says Ted Ryan, archivist at Coca-Cola.

Buzz Surrounds Relocation of Coke's Secret Formula

The brand-brandishing companies behind these secrets all know this. But perhaps none better than Coca-Cola, which on Thursday was all over Facebook, Twitter and YouTube to announce that it was physically moving its secret formula from a SunTrust Bank vault in Atlanta to a vault in a new exhibit at Coke's World of Coca-Cola tourist attraction in downtown Atlanta.

"The whole point of a trade secret is that you know something that no one else does," says Ted Ryan, archivist at Coca-Cola.

Turkish Airlines Orders 15 Boeing 737 Aircraft

ImageTurkish Airlines on Friday announced that it has decided to order 15 Next-Generation Boeing 737 aircraft in a deal valued at more than $1.2 billion.

The order of the Istanbul-based carrier compromises of ten 737-800s and five 737-900ER aircraft. They have an average list-price value of more than $1.2 billion, although the companies did not release how much was actually paid.

Boeing said it will deliver all of the Turkish Airlines new Next-Generation 737s with the Boeing Sky Interior. This new interior introduces larger overhead stowage bins with a new design that provides more open space in the cabin.

The new interior also provides a soft blue sky overhead simulated by light-emitting diode (LED) lighting and features modern, sculpted sidewalls and window reveals to draw passengers' eyes to the view outside the window, as well as cove lighting and curving architecture.

Chinese Steelmakers Return to Purchase Scrap from US

Image It is reported that Chinese steelmakers have started to purchase American scrap, since the latter switches to Asian market from Turkey. Recently, Shagang placed an order for 3 batches of HSM 1&2 from America at the strike price of USD 495 per tonne CFR. Disappointed by the low quotations offered by Turkish Purchasers, US scrap suppliers shift to Asian market. As luck would have it, Japanese scrap price swells continuously at the moment forcing Chinese buyer to choose other competitive replacement.

Last week, Japanese heavy scrap 2 is quoted at USD 500 per tonne to USD 510 per tonne CFR; heavy scrap at USD 520 per tonne CFR. Heavy scrap in Chinese domestic market stays at USD 565 per tonne to USD 574 per tonne.

Since mid-January, Chinese steelmakers presents inactively in the market. This time, American may spur up their passion.

(Sourced from MySteel.net)

Turkish American Taxi Business Began to Work in the U.S.!

ImageIn total, 26 thousand 500 units in New York City Taxi Ford Transit Connect taxi tender Gölcüklü finals for the first time the New England region of the United States began the task. Ford Otosan, according to the company, the New England Auto Show Boston Cab Dispatch delivered tools to do the task begins, the state of Connecticut, the two companies can work with 40 pieces of natural gas has ordered 2011 model Ford Transit Connect taxi.
Entering the North American market in 2010 and within a short time in the United States by the Boston Police Department Certificate of Conformity of the Ford Transit Connect taxi cab, was delivered to customers in the U.S. market first. New England Auto Show Dispatch’e delivered at a ceremony held in Boston Cab 2011 model Ford Transit Connect Gölcüklü taxis, the first Turkish taxi in North America are now starting to do the task.
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