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fall mainly on concerns over regional banks’ bad loans
10/17 U.S. stocks fall mainly on concerns over regional banks’ bad loans The U.S. stock market started higher, reflecting expectations for further rate cuts due to comments from Fed members. However, amid the recent rise in bad loans by some regional banks, the management of large banks has turned downward due to warnings of credit…
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Powell Suggests QT Ends in Months 🚀
Powell Suggests QT Ends in Months 🚀 [Policy interest rate]
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OpenAI CEO Sam Altman made a name for
OpenAI CEO Sam Altman made a name for himself as the founder of ChatGPT, but his real fortune comes from elsewhere. Ironically he doesn’t hold any stake in OpenAI. As a CEO, his annual salary is only $76,000 (100 million won). Nevertheless, his net worth is estimated at about $1.2 billion to $2 billion (W1.6…
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Why did Bessent talk about Japan again?
Why did Bessent talk about Japan again? Yesterday, Finance Minister Bessent made a remark, especially noticeable part, that he made another remark about Japan, which was about August 14th, when he was speaking straightforwardly. Now, of course, Japan’s bond rate has an effect on the U.S. bond rate, which is weaker than then. The U.S.…
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What will the future of artificial intelligence and
What will the future of artificial intelligence and capitalism look like from a Marxist perspective? Marx, a 19th-century character, would not have known the “human” of artificial intelligence, but he might wonder how Marx’s ideas would deal with the high-tech 21st-century topic of artificial intelligence. Just as Einstein’s theory of relativity, born in the 19th…
