The Federal Reserve's relief plan during the pandemic is now becoming a burden for companies, with a wave of loan defaults beginning to appear.
According to media reports, although most of the total loan amount of $17.5 billion for the 'Ordinary Business Loan Program' has been repaid, as of October 31 of this year, there are still $1.23 billion in interest and principal in default. The government regulatory agency responsible for overseeing the program expects that borrowing enterprises still face two major challenges, including a massive one-time repayment of up to 70% due next year and high interest rates, leading to a significant increase in the default rate.
This interview addresses all the key issues surrounding AI! He is a co-author of the most important papers on AI.
Aidan Gomez believes that the development of LLMs has entered a plateau, with the marginal benefits of simply scaling up model size diminishing. The inference capability will become the breakthrough point in the future, bringing new business models and market opportunities—shifting from "buying larger computing power" to "giving AI a little more time to think."
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Beware of the debt storm! The number one financial stability risk in the Federal Reserve survey is now "it"...
The semi-annual financial stability report released by the Federal Reserve on that day showed that concerns about the sustainability of US fiscal debt topped the list in this survey, followed by escalating tensions in the Middle East and policy uncertainty. This survey was conducted by New York Fed staff between the end of August and the end of October, with respondents including professionals from brokerage firms, funds, consulting companies, institutions, and academia.
The core logic behind the rise of the US stock market: the market bets that Trump will not allow the stock market to fall!
The U.S. stock market expects that after Trump takes office, he will introduce a series of bullish policies, including significant reductions in corporate tax rates and relaxing financial regulations, which further strengthens the market influence of the "Trump put options."
The Federal Reserve: The sustainability of usa debt has risen to the number one financial stability risk, inflation threats are declining, on par with the trade war.
According to the Federal Reserve's Financial Stability Report, the survey found that more than half of the financial professionals interviewed believe that the sustainability of government debt is a prominent financial stability risk in the next 12 to 18 months, an increase of 14 percentage points compared to the last survey. The percentage of those who believe persistent inflation is a significant risk has halved to 33%. Respondents in this survey also specifically mentioned global trade risks, which did not make it onto the important risk list in the last report. Update.
Welcoming the strongest seasonal increase of the year! Goldman Sachs capital flow experts: I ordered a "S&P 7000 points" hat.
Goldman Sachs expert Rubner stated that in the U.S. election years since 1928, the rebound of the U.S. stock market typically lasts until early January of the following year and then fades before the presidential inauguration day.
The surge in Tesla's stock price has propelled Musk's personal wealth to a historic high.
Thanks to the sharp rise in Tesla's stock price recently, the world's richest person, Elon Musk, has seen a significant increase in his personal wealth, setting a new record for his net assets. According to Forbes statistics, Musk's current personal net worth has reached $321.7 billion, while the Bloomberg Billionaires Index reports this figure as $347.8 billion.
The Federal Reserve will start a framework review next year, focusing not on the 2% inflation target; Powell welcomes new perspectives and critical feedback.
The two main focuses of this review are: the "long-term goals and mmf global strategy statement" as well as the policy communication tools, excluding 2% as a long-term inflation target, which may cause dissatisfaction among academia and analysts. Internal discussions among officials will begin at the FOMC meeting in January next year, and a seminar will be held in mid-May inviting external speakers. The 2020 review established a decision to allow inflation to "overshoot" for a period of time.
Trump Picks Surgeon Makary to Head FDA, Rep. Dave Weldon to Lead CDC
Official announcement! Trump nominates Besant as the secretary of the treasury in the usa. Learn more about this "Soros disciple".
① After going around in circles, Trump ultimately chose the initially most popular candidate for Secretary of the Treasury: Scott Bessen, a former 'Soros disciple' and well-known hedge fund manager. ② So, what specific labels does Bessen carry? What differences are there in policy positions between him and the previous popular candidate for Secretary of the Treasury, Walsh?
Top 20 Transaction Volume | Tesla rose nearly 4%; Chuanzheng is preparing for the Cybertruck's launch in china.
On Friday, the top traded stock in the US was nvidia, which dropped 3.22% with a trade volume of 33.481 billion USD.
US stocks closed | All three major indices rose for the entire week! The Dow Jones hit a new closing high, Tesla rose nearly 4%; cryptos concept stocks all rose, MSTR increased by over 6%.
Funds flowed out of technology stocks and into economically sensitive cyclical stocks. The Nasdaq fluctuated between gains and losses, dragged down by over 3% drop in Nvidia and 1.7% drop in Google Class A. The Dow Jones rose by about 1%, small caps rose by 1.8%, and Chinese concept stocks fell by 1.4%. The S&P 500 and Nasdaq accumulated gains of 1.7% for the week, the Dow rose by about 2%, Tesla rose nearly 10% for the week, and Super Micro Computer soared by over 78%, its best week ever. MicroStrategy, known as a 'Bitcoin whale', rebounded by 6% on Friday. Economic weakness pushed the Euro to a two-year low, while the US Dollar rose for the third consecutive week to a two-year high. Offshore Renminbi fell by over 200 points for the week to nearly a four-month low. US oil had its best two-month gain with a 6.5% increase for the week, gold rose by over 1% to surpass $2700, marking its best week in over a year with a 5.7% increase.
Wall Street Makes Steady Gains This Week, as Bitcoin's $100K Race Steals Spotlight
Elon Musk's net worth of assets reached a record-breaking $347.8 billion.
Since Trump was elected, Tesla's stock price has steadily increased. On Friday, Tesla closed up 3.8%, reaching a new high since the first half of 2022, helping Musk's net assets reach a record high of 347.8 billion US dollars on Friday, surpassing the previous historical high of 340.4 billion US dollars set in November 2021.
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