..., market capitalization relative to U.S. GDP appears overstated – as it compares a global business to a local economic metric. Technological boom. Breakthroughs in IT (such as the development of artificial intelligence) fuel investor confidence in accelerated economic growth in the future. Today’s valuations of tech companies are partly justified by the fact that, unlike during the dot-com era, these businesses are already generating substantial profits and cash flows. Collectively, these factors ...

... U.S. public finances. He stated that the current fiscal policies and enormous budget deficits are genuinely alarming. Government debts are rising, and the country “operates on a deficit that cannot be sustained indefinitely.” This scenario risks accelerating inflation and undermining trust in the dollar in the future. Although Buffett does not engage in short-term predictions or foretell a market crash, he emphasizes the existence of systemic risks. The combination of an overheated market, trade ...

... DeepSeek has released another open-source AI model — Janus-Pro-7B. Experts believe that the Chinese approach to innovation could lead to the launch of one new AI model per day, and under intensified competition from Western companies, this pace could accelerate to two to three models daily. Analysis: The launch of Janus-Pro-7B showcases DeepSeek's ability to rapidly adapt and expand its offerings. This approach underscores intensifying competition in the AI market, where dominance through speed and ...

... percentage points, from 20% to 18% per annum. This marks the most significant single easing of monetary policy since 2022 and the second consecutive rate reduction in recent months. The regulator's move was anticipated by market participants, given the accelerated slowdown in inflation and signs of cooling economic activity. The rate reduction aims to invigorate lending and support economic growth while assuring that the Central Bank will maintain control over inflation risks. The Central Bank's Decision ...

... the second consecutive month. Weak external demand and cautious consumption are hindering industry. In response, Chinese authorities announced an additional stimulus package: tax reductions for small businesses, eased mortgage lending conditions, and accelerated infrastructure projects in the second half of the year. The People's Bank of China previously lowered key rates (by a total of 0.25 pp in June and July) and is ready to continue easing policy to avoid deflation. These measures aim to help ...