🏦 Banks’ all-time performance in the third quarter… But something’s weird? Why did JPMorgan build up provisions for bad debt and Goldman foreshadowed a massive year-end job cut. 📈 It was a perfect third quarter JPMorgan: Net profit of $14.4 billion (12%↑), investment banking fees jump 16%Wells Fargo: “Consumer Credit Sound” Optimism Drastically Shrink Bad…

KAIST Professor Kim Dae-sik’s interview on artificial intelligence was very scary. lol There are a lot of comments that an old man who doesn’t even know much is talking a dog, but I think everything is right? I’ll summarize it roughly, so you can judge it on your own. Contrary to the original prediction, AI…

The Washington Post recently pointed out one interesting fact about the huge change in AI. They say that Chinese big tech companies are taking the lead in the ecosystem, beating the U.S. by using the Open-Weight AI model. Chinese companies took the opposite path while Meta and OpenAI refined their top-performing models behind closed doors.…

Powell Suggests Stop Quantitative Tightening… And I heard the news that, in the minutes of the FOMC in September, there was a question of what kind of judgment should be made between growth and inflation… So there was a simulation of what the Fed sees as the right reserve and how much the reserve will…

Former U.S. President Donald Trump has renewed trade tensions by saying, “We can also stop the trade of cooking oil with China.” As a result, both the S&P 500 and Nasdaq turned downward. In particular, cryptocurrency and oil prices have also weakened, and selling of risky assets has been introduced. Meanwhile, the inflow of funds…