The US economy has been operating with an unemployment rate below 4% for the past two years, which is truly incredible. Economists and business leaders say that this is not just a legacy effect of the pandemic bottleneck (employers have forced millions of employees to leave during the pandemic, and then find it difficult to recruit people when demand rebounds rapidly). This is a storm that has been brewing for decades and has recently erupted in the form of labor ... 阅读全文

When asked how long artificial intelligence (AI) will take to boost the US economy, ChatGPT's response was mostly noncommittal: "It's difficult to predict accurately Generative AI tools that can create new content such as text and images, such as ChatGPT under OpenAI, are becoming increasingly popular among consumers and companies. In light of this, some economists predict that this technology will bring significant changes to the workplace and increase productiv ... 阅读全文

China's weak inflation and weak trade data have raised concerns that the world's second largest economy still has an unstable chassis, despite recent signs of stabilization. Consumer prices unexpectedly remained flat in September after rebounding in August, indicating weak demand and limited effectiveness of the Chinese government's recent efforts to support the economy. According to official data released last Friday, exports also continued to shrink last month, ... 阅读全文

The European benchmark Dutch TTF natural gas futures price rose nearly 17% on October 9th, marking the largest increase in two months. The cause was the sudden outbreak of a new wave of intense conflict between Palestine and Israel. The Israeli Ministry of Energy instructed Chevron to temporarily close its offshore natural gas platform Tamar near Gaza, which exports some of Tamar's natural gas to Europe. The market is concerned that the situation between Palestin ... 阅读全文

Economists' views on the US economy have become optimistic. They now believe that the United States will avoid an economic recession, the Federal Reserve has completed interest rate hikes, and inflation will continue to ease. In the latest quarterly survey by The Wall Street Journal, business and academic economists have lowered their expectations for the probability of a US economic recession next year, from an average of 54% in July to a more optimistic 48%. Th ... 阅读全文

Over the past year, US Treasury Secretary Janet Yellen has traveled around the world seeking to inject new vitality into the World Bank, the 79 year old pillar of the US led international order. These efforts stem from the sincere desire to help developing countries eradicate poverty, recover from the COVID-19 and cope with climate change. But there is another motivation: to convince these countries that the US led international order is still superior to the Chi ... 阅读全文

The Chinese power battery industry, which is crucial to the electric vehicle industry, is seeking to strike deals with the United States' free trade partners South Korea and Morocco in order to profit from the growing demand in the United States and bypass the regulatory barriers that prevent them from entering the market. According to the Wall Street Journal's review of stock exchange announcements, Chinese companies that provide raw materials for manufacturing ... 阅读全文

The recent decline in inflation in the United States has come to a halt in September, indicating that a complete victory in the war against inflation still requires some twists and turns. The good news is that compared to the 40 year high set last year, price increases have significantly slowed down, especially the core inflation indicator that measures the basic inflation situation, which does not include volatile food and energy prices. But the bad news is that ... 阅读全文

Tesla Inc. (TSLA) will release its third quarter financial report next Wednesday, and after a new round of price cuts, concerns about the profit margin and demand situation of the electric vehicle manufacturer have reignited. Morgan Stanley analyst Adam Jonas said in a report on Thursday that the market is becoming cautious about Tesla's earnings expectations for the rest of the year, and there is a possibility of a downward revision to the earnings expectations. ... 阅读全文

At the beginning of 2019, an analyst asked Disney (DIS) CEO Bob Iger if sports betting could coexist with the House of Mouse brand. Egger said at the time that he believed the company did not provide convenience for gambling in any way. Just four years later, the world's most beloved home entertainment brand began to fully bet on sports betting. In August of this year, Disney reached a 10-year agreement with sports betting company Penn Entertainment to introduce ... 阅读全文

In the second half of 2022, Bitcoin prices experienced significant fluctuations due to market fluctuations. At the beginning of May, the price of Bitcoin was nearly $40000, but it experienced a sharp decline and had dropped to nearly $25000 by the end of July. For the next five months, the price of Bitcoin fluctuated between $20000 and $30000. Although the price manipulation game in the crypto market has been played to perfection, it has always been a secret publ ... 阅读全文

The collapse of cryptocurrency exchange FTX wiped out the cryptocurrency assets of millions of customers, and its billionaire founder Sam Bankman-Fried, who is now facing criminal fraud charges in New York, has seen his standing plumped. However, the fall of Bankman-Fried and the Bahamas-based exchange has not fundamentally changed the way cryptocurrencies operate or are regulated. The sector remains the Wild West of finance. At its peak, FTX held more than $10bn ... 阅读全文

In the context of globalization, the global supply chain and industrial layout have been in constant change. However, in recent years, major western economies have taken a series of measures to start the anti-globalization industrial layout and establish a de-Sinicized supply chain system, trying to reduce their dependence on China, which has been vividly described as a wave of economic anti-globalization. In the face of the tide of anti-globalization, in order to ... 阅读全文

Gross Domestic Product (GDP) is a crucial indicator in international economic and trade data, which is widely discussed and studied among governments, academics and economic observers. However, different methods can be used to calculate GDP, the two most common of which are calculated using exchange rates and calculated using purchasing power parity (PPP). There are significant differences between the two methods in how they reflect a country's economic activity a ... 阅读全文

Years of steady growth in the private equity industry continued to reverse this year as persistently high interest rates, inflation and the threat of a U.S. government shutdown dampened dealmaking and exit activity. Amid this downward pressure, U.S. private equity deals in the third quarter continued several trends seen in the first half of the year, according to research from PitchBook Data. The leveraged loan market, which typically fuels larger acquisitions by ... 阅读全文

On Tuesday, the three major U.S. stock indexes recorded their third consecutive day of gains, with the Nasdaq China Golden Dragon Index surging 3%. This market performance is not unrelated to recent dovish comments from several senior Federal Reserve officials. On Tuesday, Atlanta Fed President Bill Bostic and Minnesota Fed President Neel Kashkari both argued that the rise in Treasury yields means "the Fed has less to do." As the market cooled expectations of the ... 阅读全文

Tech companies are touting new AI technologies that can generate business memos or computer code, but they are still figuring out how these products will generate profits. Generative AI tools are untested, expensive to run, require powerful servers and expensive chips, and consume a lot of power. Microsoft (MSFT), Google (GOOG), Adobe (ADBE), and other tech companies investing in AI are experimenting with various strategies to develop, market, and generate revenu ... 阅读全文

The world economy faces tough conditions, including food insecurity and inflation caused by the crisis in Ukraine. To address these challenges, multilateral cooperation is essential. However, the major summits held this year have reflected the "double fragility" of cooperation mechanisms. At the G20 summit held in September, the parties agreed on a joint statement amid deepening estrangement between Japan, the US and Europe, and China and Russia, seemingly maintai ... 阅读全文

In China, the eight-day holiday is usually the peak season for home sales and tourism. But this year's Golden Week is not very prosperous. Data showed that Chinese consumer spending and domestic travel fell short of government expectations during the long holiday that ended on Friday, while housing sales in major cities were weaker than last year. China's economy has struggled with a prolonged slump in the property sector and weak exports and consumer demand. Whil ... 阅读全文