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Market news: OpenAI CEO Altman proposed in an internal meeting to consolidate the leading AI labs into a single organization to centrally manage the risks of cutting-edge AI models. However, with OpenAI and Anthropic preparing for their IPOs and thei

2026-10-21

Market news: OpenAI CEO Altman proposed in an internal meeting to consolidate the leading AI labs into a single organization to centrally manage the risks of cutting-edge AI models. However, with OpenAI and Anthropic preparing for their IPOs and their growing commercialization ambitions, deep collaboration between competitors faces obstacles.

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2026-10-20

U.S. Secretary of State Rubio said oil shipments via the Strait of Hormuz are nearly unchanged from pre-war levels.

U.S. Secretary of State Rubio said oil shipments via the Strait of Hormuz are nearly unchanged from pre-war levels.
2026-10-20

China Q3 GDP rose 4.5% YoY. Shenwan Hongyuan chief economist Zhao Wei said the domestic economy will undergo an N-shaped recovery, with Q4 likely characterized by sustained strong exports and marginal domestic-demand repair. September data showed mar

China Q3 GDP rose 4.5% YoY. Shenwan Hongyuan chief economist Zhao Wei said the domestic economy will undergo an N-shaped recovery, with Q4 likely characterized by sustained strong exports and marginal domestic-demand repair. September data showed marginal improvement in both external and domestic demand; overall growth is expected to drift modestly higher in Q4. Exports: short-term China‑EU trade disruption is limited; an AI-led capex cycle and a rebound in US imports should support continued high export growth. Investment: developer financing stress will likely continue to weigh on property investment, but faster implementation of existing domestic policy and earlier profit gains should provide labeled support, leaving overall investment on a recovery path in Q4. Consumption: Household spending should continue a modest rebound and remain broadly stable.
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