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JPMorgan CEO Jamie Dimon: The Federal Reserve's independence is crucial.
JPMorgan Chase CEO Jamie Dimon: I am generally not a tariff advocate.
On January 21, the Suzhou Municipal Committee of the Communist Party of China released its proposals for formulating the 15th Five-Year Plan for National Economic and Social Development of Suzhou. The proposals include building a high-level "Artificial Intelligence+" city. It calls for deepening the construction of Digital Suzhou, seizing the opportunities presented by the National New Generation Artificial Intelligence Innovation and Development Pilot Zone and the Artificial Intelligence-Empowered New Industrialization Pilot Zone, comprehensively implementing the "Artificial Intelligence+" action plan, and building a national artificial intelligence application pilot base (manufacturing sector) to empower the comprehensive transformation and upgrading of the manufacturing industry with artificial intelligence. The proposals also emphasize promoting the integrated and coordinated development of new artificial intelligence-driven research paradigms, technology research and development, engineering implementation, and product launch, actively deploying innovative application technologies such as artificial intelligence chips and quantum computing, and developing and promoting vertical models.
British Chancellor of the Exchequer Reeves: Confident in upholding the trade agreement reached with the United States last year.
On January 21, the Suzhou Municipal Committee of the Communist Party of China released its proposal on formulating the 15th Five-Year Plan for National Economic and Social Development of Suzhou. The proposal emphasizes enhancing the competitiveness of emerging industries. It calls for integrated advancement of innovation infrastructure construction, technological research and development, and product upgrading; strengthening the advantages of industries such as electronic information, equipment manufacturing, new materials, and new energy; promoting the advancement of national advanced manufacturing clusters such as biomedicine and high-end medical devices, nanomaterials, and high-end scientific instruments to world-class levels; and cultivating and strengthening emerging pillar industries such as semiconductors and integrated circuits, intelligent connected new energy vehicles, industrial machine tools and integrated equipment, intelligent robots, new displays and intelligent consumer terminals, and photonics and optical manufacturing. It also aims to create a highland for low-altitude economic development and deeply integrate into the construction of the Yangtze River Delta large aircraft industry cluster. The proposal calls for large-scale application demonstrations of new technologies, new products, and new scenarios to accelerate the large-scale development of emerging industries and strive to create a national demonstration base for the development of emerging industries.
Norwegian Finance Minister: There is no reason to withdraw investment from the United States now.
On January 21, the Suzhou Municipal Committee of the Communist Party of China released its proposals for formulating the 15th Five-Year Plan for National Economic and Social Development of Suzhou. The proposals emphasize cultivating and strengthening future industries. Specifically, they call for proactively planning for industries such as future manufacturing, future information, future materials, future energy, future space, and future health. The plan explores diverse technological routes, typical application scenarios, and feasible business models to accelerate the formation of new economic growth points in industries such as embodied intelligence, biomanufacturing, cell and gene technology, quantum technology, hydrogen and nuclear fusion energy, brain-computer interfaces, cutting-edge new materials, and atomic-level manufacturing. The plan also vigorously develops venture capital, promoting a diversified investment and risk-sharing development pattern for future industries. Finally, the plan aims to create a national-level pilot zone for future industries.
Norwegian Finance Minister: The presence of Norway's sovereign wealth fund in the United States reflects the size of the US market.
JPMorgan Chase CEO Jamie Dimon: There will be fewer bank jobs in five years than there are now.
British Prime Minister Starmer: Britain will not yield to tariff threats surrounding Greenland's future.
British Prime Minister Starmer: US President Trump's comments about the Chagos Islands on Monday were different from his previous statements.
A senior White House official said Trump will not announce his nominee for Federal Reserve chairman during the Davos Forum, as he has not yet made up his mind.
According to a Reuters survey, the U.S. economy is expected to grow by 2.2% in 2025, followed by growth of 2.3% and 2.0% in 2026 and 2027, respectively (the forecasts in the December survey were 2.0%, 1.9%, and 2.0%, respectively).
The MBA 30-year fixed mortgage rate in the U.S. for the week ending January 16 was 6.16%, compared to 6.18% previously.
The MBA mortgage application activity index in the United States for the week ending January 16 was 397.2, compared with 348 in the previous week.
The MBA Mortgage Purchase Index for the week ending January 16 was 194.1, compared to 184.6 the previous week.
The MBA Mortgage Refinancing Activity Index for the week ending January 16 was 1580.8, compared to 1313.1 in the previous week.
Moore Threads: Net profit for 2025 is expected to be a loss of 950 million to 1.06 billion yuan, representing a narrowing of the loss by 34.50% to 41.30% compared to the same period last year.
Bank of America raised its price target for Starbucks (SBUX.O) from $106 to $114.
On January 21st, Zhiwei Intelligent released an investor activity record announcement stating that through strategic collaboration with Yudie Intelligent, the company is jointly developing a solution integrating robot training and simulation, cerebellum/cerebrum core control, and tactile perception applications. This will extend and enrich the robot industry chain and broaden the new track of the embodied intelligence industry. In terms of engineering, Xingyuan Intelligent has achieved mass production of domain controllers based on NVIDIA Thor chips, becoming one of the few manufacturers in the industry to truly achieve integrated hardware and software delivery of the "brain."
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Apr 20, 2023 13:54