Author’s articles

A symposium in Jackson Hole will attract investor attention
The past week ended with a pronounced correction on most of the leading stock markets. Records in the minutes of the last FOMC meeting of the Federal Reserve indicated confusion among the committee members, who still see high inflation risks and the likelihood of further rate hikes. The past week ended with a pronounced correction

Argentina ready for unconventional methods of economic rescue
The presidential campaign is in full swing in Argentina. The country beckons relocates from Russia with the possibility of obtaining citizenship fairly quickly. Many of them will probably be happy that Argentina is discussing the possibility of replacing the national currency with the US dollar to stabilise the economy and combat high inflation. The candidate

Upside potential for JPMorgan stock already looks limited
Leading US banks, including JPMorgan, successfully weathered the spring turmoil in the sector, withstood the Fed's stress tests and showed generally good financial results in the second quarter. We believe that due to the high diversification and large scale of the business, strong capital positions, large players will continue to look financially confident in the

How the dollar can save Argentina's economy
The BRICS summit will be held in South Africa in mid-August. Argentina is considered to be one of the possible candidates to join the association. As is known, one of the main topics of the summit is the creation of a single BRICS currency, which could become an alternative to the dollar. However, economists Gabriela

Block's strategy is delivering results
In Q2 2023, Block's total fintech revenue grew 26% YoY to $5.53bn, well above the consensus estimate of $5.18bn. Excluding bitcoin revenue, Block's revenue recorded a 20% YoY increase to $3.14bn. By segment, transactional revenue grew by 11% YoY to $1.64bn. One of the main drivers of transactional revenue growth was a 15% YoY increase

Intel promises to build AI into all its processors
If you want a PC with localised artificial intelligence (AI) that can accelerate various tasks related to data processing, graphics, sound and video, then you have a chance to try new products from Intel. The company said it will build specialised AI acceleration units into all its chips, starting with Meteor Lake processors, which will

DeepMind AI will sort data faster than human-made algorithms
DeepMind, famous for its artificial intelligence that beats humans at chess and go, has demonstrated the new ability of its technology to create algorithms that sort data orders of magnitude faster than the best known human solutions. To do this, the DeepMind researchers used AlphaDev, an AI-based AlphaZero system that learns to play various games

Not just default. The US faces problems with any decision on the national debt
There are only a few days before a possible US default - it could happen on 1 June if the country's authorities do not reach an agreement on the debt ceiling. The White House is negotiating with Republican congressmen who, to approve an increase in the ceiling from the current $31.4 trillion, require a reduction

Alibaba's revenue growth rate remains low
Chinese e-commerce leader Alibaba today reported fiscal Q4 2023 (3 months ending March 2023). The company's revenue increased by 2.0% YoY to RMB208.2 billion and adjusted EBITDA increased by 37.4% to RMB59.2 billion. Adjusted net income per share rose 35.4% YoY to RMB1.3. Free cash flow, which amounted to ¥32.3 billion compared with a negative

Who will pay the bill? The US is close to default
For the first time in its history, the US has come close to defaulting. The count goes on for weeks. In as little as a month America could stop paying its bills. The White House has started active talks with the "financial hawks", but there are no signs of a way out of the impasse
