Tthe market’s view of artificial intelligence is that one of the big winners will be the model-makers,. after all those are the people who invented it. Markets — at least private markets — have assigned huge valuations to the companies building the models, predominantly OpenAI and Anthropic. The history of great invesntions suggests investors should…
“I would rather have something small, on a huge piece of land in a more rural area.”
We thank Ben Fraser and Jade Peng for excellent research assistance. The authors receive research support only from our respective Universities and have no financial relationships or potential conflicts of interest as relates to this paper. The views expressed herein are those of the authors and do not necessarily reflect the views of the National…
Partial support provided in 2025 by grant number 90PH0032 from the Office of Planning, Research & Evaluation within the Administration for Children and Families (ACF), a division of the U.S. Department of Health and Human Services (HHS), totaling $7.84 million with 99% funded by ACF/HHS and 1% funded by nongovernment sources. The opinions, findings, conclusions,…
Central banks are scaling back on the dollar as institutional bullion buying climbs to record highs. In the World Gold Council’s (WGC) latest annual survey of central banks, 83% of respondents expect to increase their gold holdings over the next year. That’s up from 76% in 2025. This surge in demand is due to the…
Economics Jul 17, 2026 Kai Guo Like every major economy, China uses industrial policy, and its subsidies have mattered. But subsidies are no longer the most convincing explanation for Chinese firms’ emergence as global leaders in industries that used to be the exclusive…
investingLive European markets wrap: Oil pushes up, tech selling pressures continue !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}
Lecture by Piero Cipollone, Member of the Executive Board of the ECB, at the Annual Meeting of the Federation of Italian Cooperative Credit Banks (Federcasse) Rome, 17 July 2026 Long ago, Aristotle himself noted[1] how money played an essential role in society as an instrument that made it possible to establish a relationship between all…
The Indian Rupee risks falling into new record lows amid the renewed US-Iran conflict and elevated oil prices !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}
Minutes Item 1 – Welcome and introduction The Chair opened the meeting, thanking members for their involvement and reiterated the importance of the decisions which the Group will be making. The primary aims of this inaugural meeting were to review the preliminary results of the public consultation on the theme for the next series of…