Chinese economy
China rolls out stimulus - Hong Kong stock market heading for best week since 1998
During Friday, China's central bank lowered interest rates and implemented the planned capital injection into the banking system. The stimulus continues to send up the stock markets in China and Hong Kong, which are heading for a historic week, international media reports.
The weighted China index CSI 300 has risen over 15 percent since Monday, making it its best week since the financial crisis in 2008. In Hong Kong, the stock market is heading for its strongest trading week since 1998 with a rise of around 13 percent.
Yesterday's macro figures from the US are also considered to be behind part of the rise, writes Bloomberg.
China rolls out stimulus - Hong Kong stock market heading for best week since 1998
During Friday, China's central bank lowered interest rates and implemented the planned capital injection into the banking system. The stimulus continues to send up the stock markets in China and Hong Kong, which are heading for a historic week, international media reports.
The weighted China index CSI 300 has risen over 15 percent since Monday, making it its best week since the financial crisis in 2008. In Hong Kong, the stock market is heading for its strongest trading week since 1998 with a rise of around 13 percent.
Yesterday's macro figures from the US are also considered to be behind part of the rise, writes Bloomberg.
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The election in the USA The electoral movement
Wall Street worried about Trump and skeptical about Harris
Neither Donald Trump nor Kamala Harris are particularly popular among the top brass on Wall Street, reports Reuters, who interviewed a dozen of them.
The executives express concern that Trump's policies will hurt the economy. Admittedly, many are positive about his promises of tax cuts and deregulation, but at the same time judge that his protectionist policy with increased tariffs will be very harmful.
The take on Harris is that she is still an unsafe card. There is concern that she will swing politics more to the left, raise taxes and negatively affect profits and stock prices.
Wall Street worried about Trump and skeptical about Harris
Neither Donald Trump nor Kamala Harris are particularly popular among the top brass on Wall Street, reports Reuters, who interviewed a dozen of them.
The executives express concern that Trump's policies will hurt the economy. Admittedly, many are positive about his promises of tax cuts and deregulation, but at the same time judge that his protectionist policy with increased tariffs will be very harmful.
The take on Harris is that she is still an unsafe card. There is concern that she will swing politics more to the left, raise taxes and negatively affect profits and stock prices.
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The development of AI
Venture capitalists: The chaos of Open AI should scare more people
Power struggles and leadership purges threaten Open AI's success story, and investors should be wary. This is what several venture capitalists say to Business Insider in connection with the company's capital round.
CEO Sam Altman was fired a year ago, was reinstated as CEO, and then saw several of his top executives leave the company. As recently as this week, technical director Mira Murati left along with two other heavyweights.
- The fastest way for a startup to go under is emotional conflicts and internal battles for influence within the company, says a venture capitalist to the newspaper.
The company plans to transform itself from a non-profit to a full-fledged for-profit company in hopes of attracting more investors. This was reported by Reuters on Wednesday, citing sources.
Venture capitalists: The chaos of Open AI should scare more people
Power struggles and leadership purges threaten Open AI's success story, and investors should be wary. This is what several venture capitalists say to Business Insider in connection with the company's capital round.
CEO Sam Altman was fired a year ago, was reinstated as CEO, and then saw several of his top executives leave the company. As recently as this week, technical director Mira Murati left along with two other heavyweights.
- The fastest way for a startup to go under is emotional conflicts and internal battles for influence within the company, says a venture capitalist to the newspaper.
The company plans to transform itself from a non-profit to a full-fledged for-profit company in hopes of attracting more investors. This was reported by Reuters on Wednesday, citing sources.
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Crisis Northvolt
The pension giant about Northvolt: "Very strained situation"
Battery manufacturer Northvolt is in a crucial phase in negotiations to bring in new capital and secure new loans. That's what TT writes. The owner AMF's press manager Jens Söderblom states that the situation is serious.
"Right now the company is in a very strained financing situation which we hope they will find a solution to," he writes in a comment to the news agency.
Söderblom emphasizes that AMF owns a relatively small share of Northvolt (2.8 percent) and that it is primarily up to the larger owners to take the initiative for a solution.
Among the largest owners are Volkswagen and Goldman Sachs.
According to information to DN, Northvolt's lenders are to meet today to discuss the company's future.
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