Independent thinking for complex markets and current events
They promised a revolution. They said these technologies would change everything. But what we got was a parade of expensive, glitchy, and often unnecessary gadgets that fail to deliver on their grand promises. Let’s take a closer look at the reality behind the hype. Artificial Intelligence Training advanced AI models now costs upwards of $78 …
Recent earnings reports from major US banks have been disappointing, which has led to a decline in their stock prices. For example, JPMorgan Chase’s stock fell more than 5% after the bank forecasted lower-than-expected full-year income from interest payments. Similarly, Wells Fargo and Citigroup also saw declines despite some positive aspects in their reports. This has …
Simply put, China’s economic recovery has been unbalanced. As Bloomberg reports, manufacturing is holding up, thanks to resilient overseas demand and Beijing’s efforts to cushion the blow from US trade restrictions by developing advanced technologies at home. But Chinese consumers have been slow to recover their appetite for spending, amid a prolonged real estate downturn …
The latest ISM report reveals concerning figures as New Orders and Prices Paid fall below expectations, signaling continued manufacturing contraction for 14 consecutive months. ISM subindices: New Orders comes in far below expectations at 47.1, falling from 48.3. Bloomberg surveys had predicted 49.1. Prices paid comes in with a HUGE miss at 45.2, falling from …