AI发展现状 - AI技术目前擅长的领域并非软件工程，而是作为辅助工具，由软件工程师监督AI的工作 [1] - 软件工程师的角色正在转变为监督AI，通过输入指令来指导AI完成任务，而非直接编写代码 [1][2] - 行业普遍认为AI并非万能，在某些特定测试中表现不佳，技术发展尚未达到终点 [3][4] 行业趋势 - 行业内存在对AI价值的过度炒作和高估现象，需要警惕 [2] - 行业不应忽视AI的持续发展，回到2022年的状态是不现实的 [4]

Trump Urges World Leaders to Seize Momentum for Gaza Peace President Donald Trump pressed world leaders gathered at a summit on Gaza’s future to ensure the US-led truce between Israel and Hamas turns into a lasting peace, hailing the agreement as a “new beginning” for the war-torn region. Read more https://www.bloomberg.com/news/articles/2025-10-13/trump-arrives-in-egypt-for-gaza-peace-summit-with-world-leaders ...

Company Operations - IMAX 的所有产品都在加拿大制造，然后运往全球各地的实体，最终交付给客户 [1] - IMAX 总部位于加拿大 [1] Risk Management - 由于 IMAX 是一家全球性公司，因此一直面临关税风险、货币风险、地缘政治风险和供应链波动风险 [2] - IMAX 已经花费数十年时间评估和权衡各种风险，并制定应对策略 [2] - IMAX 正在与供应链团队密切合作，制定应对美国关税的策略 [2]

I want to ask about Wall Street and specifically about this equity market. I do watch our competition, and I saw your interview with Andrew. Last week you said this is like October of 1999.But after that, as you pointed out, you know, the stock market doubled. We had a drop in October, like an 11% intraday drop. But then the stock market doubled to March of 2000.Are we still in line for a doubling of this market. Well, it's so funny because you had mentioned that 54% of fund managers think that we're in a b ...

Market Trends & Investment Opportunities - The most persistent and robust trend is the anti-fiat currency movement, driven by a lack of trust in governments' ability to curtail spending [2] - Investors are turning to non-fiat instruments like crypto (particularly Bitcoin), gold, and silver [3][4] - Younger generations with different preference profiles are contributing to a massive wealth redistribution and favoring crypto and Bitcoin [3][4] - The debasement trade is facilitated by low yields, not requiring higher yields [7][8] - The growth in stablecoins represents a form of dollarization within the crypto space [11] - The most persistent trend remains debasement and a move away from fiat currencies in search of alternatives [13] Currency & Economic Factors - The dollar's drop in the first half of 2025 is largely an unwinding of the rally seen in 2024 [9] - The dollar experienced overwhelming flows during the decade of US exceptionalism, and the recent adjustment is a natural unwinding [9][10] - While some further dollarization may occur, underlying forces are pushing the reallocation of assets [13] - Investor revolt is visible in the back end of yield curves, particularly in the UK and France, where investors are unwilling to hold long positions despite rising yields [8]

Investment Banking Performance - Goldman Sachs' investment banking revenue increased 43% year over year [1] - Advisory revenue rose 60% year over year [1] - Underwriting revenue increased 21% for equities and 30% for debt [1] Trading Performance - Fixed income currencies and commodities trading revenue rose 17% to $347 billion [2] - Equities trading revenue rose 7%, missing consensus estimate by approximately $200 million, reporting $374 billion for the quarter [2] Expenses and Provisions - Goldman Sachs set aside $339 million for bad loans, less than the consensus estimate of almost $370 million [2] - Operating expenses increased 14% year over year, with compensation expenses also rising by 14% [3] Market Sensitivity - Goldman Sachs is the most exposed big bank to investment banking revenue, making it highly sensitive to recession risks and market deterioration [4]

General Motors reporting a $1.6% billion charge related to scaling back its EV plans, the company says in a regulatory filing, quote. Following recent US government policy changes, including the termination of certain consumer tax incentives for EV purchases and the reduction in the stringency of emissions regulations, we expect the adoption rate of EVs to slow. Joining us with more is Bloomberg Intelligence, Global Autos and Industrials research analyst Steve Madden.And Steve, this is especially interestin ...

Market Performance & Expectations - Investment banks generally performed well in capital markets, particularly in trading and dealmaking, as expected throughout the year [2] - Market anticipated strong performance from banks, reflected in their year-to-date increase of 35%, so even outperforming estimates didn't necessarily boost stock prices [4] - Macroeconomic concerns, especially news from China, could negatively impact markets and corporate client confidence, potentially slowing down business for major banks [4] Macroeconomic Factors & Concerns - US economy remains resilient, but broader economic insights from earnings results are limited [6] - JPMorgan's CEO Jamie Dimon highlighted macroeconomic concerns that could significantly impact 2026, including a weakening labor market and potentially persistent inflation [7] Bank-Specific Issues & Performance - JPMorgan experienced a $170 million charge due to exposure to Tricolor [8] - JPMorgan had roughly $800 million in credit losses due to one-off situations, including Tricolor [9] - Wells Fargo's stock rose over 3% in premarket trading after lifting medium-term targets for return on tangible common equity to 17-18% following the removal of an asset cap [11][13] - Wells Fargo aims to expand in the investment banking segment, showing growth potential despite being smaller than major players [13] Analyst & Management Guidance - Analysts' estimates are often influenced by management guidance, which tends to be conservative to ensure companies can beat expectations [1]

Federal Reserve Chairman Jerome Powell will participate in a moderated panel at the National Association for Business Economics Global Economy conference in Philadelphia. He is expected to begin speaking at 12:20 pm ET. We'll carry it live. ...

How do you see financial services, the workforce when it comes to financial services changing in the next say 5 to 10 years. Well, I for one have been trying to be a little bit more honest about this because I feel a lot of my tech bros are being slightly, you know, not to the point on this topic. I think there is a massive shift coming to knowledge work and it's not just in banking, it's in society at large.There are 8,000 people in Brussels that work as translators and I would argue that most of that can ...