There’s a technical ‘triple threat’ for stocks, but also places investors can hide

Note: The following is the written testimony of Cristina Enache, Economist, submitted to the Committee on Budgets and European Parliament on 23 June, 2026. Dear Chair Van Overtveldt and Distinguished Members of the Committee on Budgets and European Parliament, thank you for the opportunity to discuss the taxation of digital activities in Europe and whether…

What’s left is an industrial systems competition.  This week, Beijing-based Moonshot AI made history with the release of its latest model, Kimi K3. At 2.8 trillion parameters, K3 is the largest open-weight model ever released—and by early accounts, it is not only competitive with America’s best closed systems, but trades blows with Anthropic’s Claude Opus 4.8 on mainstream benchmarks. For…

The framework that has long guided development economics no longer reflects how modern economies actually create value. As the boundaries that once separated sectors become blurred, prosperity increasingly depends on how economies build the ecosystems that sustain technological progress and nurture new productive capacity. CAPE TOWN—The economist Dani Rodrik recently reopened one of development economics’…

Letter Connor Axiotes is right to draw attention to the seriousness of frontier AI and its potential impact on the risk of cyber attacks (‘Humanity is no longer in control of its most awesome creation since the atom bomb’). But his assertion about the Bank of England’s cyber defences being unsophisticated is totally wrong, unfounded…

Thursday, October 3, 2024 Preventing A Dirty Bomb Radioactive materials are commonly used for medical, industrial, or research purposes. But in the hands of terrorists, even in small amounts, they can be used to make a dirty bomb. In a new report, we looked at federal efforts to prevent radioactive materials from falling into the…

While SpaceX is due to join the Nasdaq-100 on Tuesday, it won’t become part of the S&P 500 for at least another year — likely furthering the volatility spread between those two indexes.