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One of Waller's first key appointments: appointing two Federal Reserve economists as advisors, focusing on interest rate research.

One of Waller's first key appointments: appointing two Federal Reserve economists as advisors, focusing on interest rate research.

New Federal Reserve Chairman Waller quickly assembled a core advisory team in his early tenure, promoting two veteran economists with decades of experience from within the institution to serve as advisors, providing policy and analytical support for his promised institutional reforms. Nick Timiraos of the “New Fed News Service” wrote

U.S. tech stocks are collectively under pressure—is the market repeating a DeepSeek-style shock scenario?

U.S. tech stocks are collectively under pressure—is the market repeating a DeepSeek-style shock scenario?

The US tech sector continued its decline this week. While the apparent trigger was the potential delay of OpenAI’s IPO, analysts point out that Zhipu’s low-cost AI model may be a deeper threat—it not only affects the enterprise customers of OpenAI and Anthropic, but also casts doubt

South Korea becomes the world’s AI trading “pressure cooker”: 50 billion leveraged ETFs intensify volatility, Asia’s hardware supply chain faces a fundamental test

South Korea becomes the world’s AI trading “pressure cooker”: 50 billion leveraged ETFs intensify volatility, Asia’s hardware supply chain faces a fundamental test

``` The core pressure of global AI trading is being concentrated and released in the Korean market. The KOSPI index is experiencing intense volatility, leveraged ETF assets have swelled to $50 billion, and the derivatives market structure is becoming fragile—Korea has evolved into the high-leverage version of the global AI

OpenAI releases the GPT-5.6 series models, limited availability per the US government’s request, stating this should not become a long-term default practice.

OpenAI releases the GPT-5.6 series models, limited availability per the US government’s request, stating this should not become a long-term default practice.

``` OpenAI has officially released the GPT-5.6 series of models, including the flagship Sol, the balanced Terra, and the lightweight Luna. Unlike previous public launches, this time OpenAI has not immediately opened access across the board; instead, at the request of the U.S. government, preview access is only provided

OpenAI delays IPO, dealing a heavy blow to SoftBank! With a $65 billion exposure facing a major liquidity test, the stock price plunges 13%, marking the largest drop in two years.

OpenAI delays IPO, dealing a heavy blow to SoftBank! With a $65 billion exposure facing a major liquidity test, the stock price plunges 13%, marking the largest drop in two years.

``` SoftBank shares posted their biggest drop since August 2024. The market is concerned that OpenAI may postpone its initial public offering (IPO) until next year, which means the return timeline for its Japanese investor will also be delayed accordingly. According to plan, by October, SoftBank's investment in OpenAI

The US-Iran agreement pushed down oil prices, which transmitted to end-users: In June, Michigan consumer confidence rebounded from a low point but remains at a historically low level.

The US-Iran agreement pushed down oil prices, which transmitted to end-users: In June, Michigan consumer confidence rebounded from a low point but remains at a historically low level.

``` The drop in gasoline prices has brought some relief to American households troubled by inflation, boosting consumer confidence from historic lows, though overall sentiment remains fragile and high price pressures persist. Data released by the University of Michigan on Friday showed that the final index of consumer confidence rose to

Qijing GT7: GAC's Second Battle With No Way Back

Qijing GT7: GAC's Second Battle With No Way Back

``` Author | Zhou Zhiyu GAC's reform has reached the point where market pricing is about to begin. Over the past year or so, it has almost completely dismantled and rebuilt its self-owned business. The headquarters moved to Panyu, the R&D, marketing and brand systems were reorganized, IPD