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Federal Reserve officials are increasingly focused on the potential of artificial intelligence to transform the economy, but remain cautious about whether it has triggered a productivity revolution. Although AI investment is driving a significant portion of US economic growth, central bank policymakers are still in the "too early to

The US economy's reliance on artificial intelligence investment has reached a dangerous level. The sharp fluctuations in AI-related stocks last week revealed a broader risk: if the AI boom turns into a bubble burst, it could drag the entire economy into recession. On November 24, it was reported

Novo Nordisk's Alzheimer’s drug trial fails, stock price plunges to lowest since 2021. On Monday local time, Novo Nordisk announced that the oral version of its drug Ozempic failed to slow the progression of Alzheimer’s disease in two large clinical trials, marking the failure of a

Bitcoin ETFs have experienced their worst monthly outflows since their launch nearly two years ago, adding more pressure to an already sluggish cryptocurrency market. Data shows that investors withdrew $3.5 billion from U.S.-listed Bitcoin ETFs in November, nearly matching the record $3.6 billion monthly outflow set

On November 23, China Merchants Bank and China CITIC Bank, two joint-stock banks, announced on the same day that their respective AICs (Financial Asset Investment Companies) had received approval from the National Financial Regulatory Administration to commence operations. Along with Xingyin Investment, which launched not long ago, three new players

1. Recently, the pressure in the US repo market has eased. The market expects the Federal Reserve to accelerate its Treasury purchase program, and officials’ statements suggest that the purchases may start ahead of schedule. Although the total amount of outstanding Treasuries remains high, the marginal improvement in collateral financing