August 2025

On Thursday, May 29, Federal Reserve Chair Jerome Powell met with U.S. President Donald Trump at the White House upon the latter’s invitation. This marked their first meeting since November 2019. Powell emphasized that the Federal Reserve formulates monetary policies aimed at supporting maximum employment and price stability, with all decisions based on careful, objective, […]

The U.S. economy contracted at an annualized rate of 0.2% in the first quarter, falling short of expectations due to weakened consumer spending and increased imports. Although this figure represents a slight upward revision from the preliminary estimate of a 0.3% decline, it still indicates an economic contraction at the start of the year. The

Analysts suggest that future monetary policy frameworks may improve the measurement methods for full employment objectives by monitoring real-time employment and unemployment data to assess cyclical pressures in the labor market. Adjustments to asymmetric average inflation targeting and enhanced policy communication are also likely. The second Thomas Laubach Research Conference, held on May 15-16, 2025,

European and American luxury brands that significantly raised prices when consumers’ wallets were fullest are now facing the harsh reality of plummeting sales. Dior and Chanel have seen staggering declines, while Hermès and Richemont, which were more restrained in their price increases, continue to enjoy robust growth. Those brands that aggressively hiked prices during peak

President Donald Trump stated that he had just learned the European Union proposed to expedite the scheduling of trade talks, calling it a positive signal. Media analysts noted that Trump rarely praises the EU. US stocks extended gains, with the S&P 500, Nasdaq, and Russell 2000 indices all briefly rising over 2% during the session.

Since the launch of ChatGPT in 2022, the global AI industry has undergone revolutionary changes. The consensus is clear: artificial intelligence is poised to transform the world. In the early stages of the industry, hardware companies at the upstream captured over 90% of the profits. NVIDIA, the leading player, evolved from a relatively unknown firm

From Asia to Europe, from Alibaba to SAP, the soaring market value amidst macroeconomic challenges stands as the best testament to the deterministic power of AI. On May 27, 2025, a groundbreaking announcement connected two tech giants across continents: China’s Alibaba and Germany’s SAP. The latter, a European software behemoth, has seen its market capitalization

BYD’s Hong Kong-listed shares fell nearly 10% cumulatively on Monday and Tuesday this week. Goldman Sachs cited investor concerns over profitability and gross margins, while Morgan Stanley stated that the price cuts sent a strong signal of intense pressure in the end market. CICC noted that the actual discount was lower than the surface figures

CITIC Securities believes that the transformation of the real estate sector signifies the unsustainability of simple expanded reproduction. Policy attitudes have shifted from encouraging supply expansion to supporting quality improvement in supply. Although the industry differs significantly from the automotive sector in terms of technological application and economies of scale, the current transformation in terms

The S&P 500 and Nasdaq rose more than 2%, with Tesla gaining nearly 7%. Nvidia closed over 3% higher ahead of its earnings report. Trump Media fell 10%, while Pinduoduo dropped nearly 14%. NIO and XPeng declined over 3%. Japanese bonds staged a sharp rebound. Following the two-year U.S. Treasury auction, Treasury yields hit daily