According to a report by Kim Ten, US President-elect Donald Trump is about to take office, and his promotion of a series of cryptocurrency supporters and holders will soon influence US crypto policy. The crypto industry has been battling lawsuits and enforcement actions by the US government for years, so it is banking on the incoming Trump administration to bring about a shift in policy. Trump-appointed politicians will be scrutinized for potential conflicts of interest with the crypto industry,...
On January 15th, according to a report by Kim Ten, Tim Murray, an analyst at Pryce, said in a report that US President-elect Trump's tariff and immigration proposals could exacerbate inflation, which could force the Federal Reserve to stop cutting interest rates or even raising interest rates. The capital markets strategist said this could lead to significant market volatility. He said: "The energy and financial industries could benefit from more friendly regulatory environments, while renewable...
On September 21, according to a report by Jin Ten, Elon Musk replied to a user's post on the social media platform "X" and said: "[US] federal government spending will bankrupt the country unless action is taken to reduce government waste. That's what causes inflation!" Earlier, it was reported that the Republican presidential candidate Trump said that if he is elected, he will appoint Elon Musk to lead a government efficiency committee to review government spending.
On September 21st, according to Jin Ten, a document filed with the US SEC shows that Kress Colette, executive vice president and chief financial officer of Nvidia, sold nearly $16 million worth of company stock this week. The document shows that she sold 68,909 Nvidia shares on September 18, worth about $7.93 million, and 66,670 shares on September 20, worth about $7.77 million. Nvidia shares fell 1.59% on Friday to close at $116.00, down 8.8% in the past month.
On September 12, according to a report by Jin Ten, Bank of Japan member Naoki Tamura said that interest rates need to be raised in a timely and gradual manner. The current market view on the path of interest rates is gradual.
On September 5th, according to a report by Jin Ten, at the recent KDDI Summit, Tadao Nagasaki, CEO of OpenAI's Japanese subsidiary, revealed that the performance of OpenAI's new generation model, codenamed "GPT-Next", is expected to be 100 times more powerful than the existing GPT-4 model and is scheduled to be released later this year. The improved performance of the GPT-Next model is attributed to its optimized architecture design and improved learning efficiency, rather than relying solely on...
On August 28th, according to a report by Jin Ten, Australia's weighted CPI recorded an annual rate of 3.5% in July, slightly higher than the 3.4% expected by economists. The average of the adjusted core indicator rose by 3.8%, up from 4.1% last month. Australia's inflation indicator cooled in July, suggesting that price pressures began to ease in the current quarter and supporting the Reserve Bank of Australia's case for keeping interest rates unchanged. Economist James McIntyre said, "At the Se...
On August 28th, according to a report by Jin Ten, the Deputy Governor of the Bank of Japan, Ryozo Himino, said that if expectations for economic activity and price prospects become more confident, the Bank of Japan will adjust the intensity of monetary easing. Financial and capital markets remain unstable, and the Bank of Japan needs to monitor their developments with high vigilance. The Bank of Japan also plans to carefully review the impact of these domestic and foreign market developments on ...
On August 27th, according to a report by Jin Ten, Okasan Securities economist Ko Nakayama said in a research note that the Bank of Japan may raise interest rates from 0.25% to 0.5% in December, due to the improvement in inflation-adjusted wages. If the Bank of Japan becomes more confident in a virtuous circle of prices and wages, it may raise the policy rate by 25 basis points every six months, while paying attention to the impact on the market. Nakayama expects the Bank of Japan to raise its in...
On August 17, according to Jin Ten, the market will usher in a number of important event nodes next week, among which Federal Reserve officials will also make intensive speeches next week. Among them: On Monday at 21:15, Federal Reserve Governor Paul Waller opened the summer symposium on money, banking, payments, and finance. Wednesday at 1:35, the 2024 FOMC voting committee and Atlanta Federal Reserve President Bostick delivered a speech. Thursday at 2:00...
On August 10, according to Jin Ten, Omid Kordestani, the former chairperson of Twitter (now renamed X), sued the social platform company, claiming that its owner, Tesla CEO Elon Musk, refused to cash in more than $20 million worth of outstanding stock. Omid Kordestani, who served as executive chairperson of Twitter from 2015 to 2020 and served on the board for another two years until Musk bought the platform for $44 billion, said in the complaint that most of his compensation was stock, but Elon...
On August 3rd, according to a report by Jin Ten, the AI digital human unicorn company Character.AI announced that Google (GOOG. O) has paid the model licensing fee with the Character.AI, and will let Character.AI co-founder and CEO Noam Shazel, and President Daniel de Freitas, as well as Character's employees engaged in model training and voice artificial intelligence (about 30 of 130 employees) join Google to participate in the Gemini AI project. According to reports, Character.AI's management ...
On August 1st, according to a report by Jin Ten, Musk said that xAI is not considering acquiring Character AI.