Stock Markets Today: Huawei Chips, Sunak Pressure, Federal Reserve, Jamie Dimon

Stock Markets Today: Huawei Chips, Sunak Pressure, Federal Reserve, Jamie Dimon

Good morning. Taiwanese tech companies aid Huawei’s efforts to build an under-the-radar chip network, the UK Prime Minister under pressure and Jamie Dimon on AI. Here’s what people are talking about. Several Taiwanese technology companies are helping Huawei Technologies build infrastructure for an under-the-radar network of chip plants across southern China, an unusual collaboration that … Read more

Hong Kong Tycoons Face More Demands From Bond Investors

Hong Kong Tycoons Face More Demands From Bond Investors

The tide is turning for Hong Kong’s tycoon families. All of a sudden, the younger generation has to work a lot harder to convince banks and investors that their money is safe, and their pet projects are savvy. Among them, Adrian Cheng, a Harvard-educated third-generation heir, and Richard Li, “superman” Li Ka-shing’s second son, are … Read more

Equity Risk Premium’s Guide to the Galaxy

Equity Risk Premium’s Guide to the Galaxy

To get John Authers’ newsletter delivered directly to your inbox, sign up here. In The Hitchhiker’s Guide to the Galaxy, a giant computer called Deep Thought is programmed to calculate the answer to the ultimate question of life, the universe and everything. Millions of years later, its circuits finally reveal the answer to the humans … Read more

What Is Dollarization? Why Is Argentina Considering It?

What Is Dollarization? Why Is Argentina Considering It?

Argentina has a long history of printing money to compensate for government overspending. That’s produced long periods of high inflation, even hyper-inflation. Small wonder, then, that the South American nation is once again considering the radical step known as dollarization, which to date has been fully tried only by much smaller economies. It means adopting … Read more

A Soft Landing in 2023 Doesn’t Imply the Eventual Landing Will Be Soft

A Soft Landing in 2023 Doesn’t Imply the Eventual Landing Will Be Soft

All the chatter of late is about the US avoiding a recession altogether. On the surface that seems like a positive outcome. But when you consider the implications of a ‘no landing’ scenario, it becomes less appealing because of the risk that a decent recovery turns into an overheated economy and market. It’s a recipe … Read more