{"id":198099,"date":"2024-09-26T14:00:00","date_gmt":"2024-09-26T18:00:00","guid":{"rendered":"https:\/\/ibkrcampus.eu\/campus\/uncategorized\/ai-enthusiasm-disrupted-by-regulatory-probe\/"},"modified":"2024-09-30T09:18:42","modified_gmt":"2024-09-30T09:18:42","slug":"ai-enthusiasm-disrupted-by-regulatory-probe","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.eu\/campus\/traders-insight\/securities\/macro\/ai-enthusiasm-disrupted-by-regulatory-probe\/","title":{"rendered":"AI Enthusiasm Disrupted by Regulatory Probe: Sep. 26, 2024"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-stimulus-from-beijing-again\"><strong>Stimulus from Beijing, Again<\/strong><\/h2>\n\n\n\n<p>West of the Pacific in Beijing, government leaders assured market participants that they will not just help the economy via the monetary system, but with fiscal support as well. The 24-member Politburo also seeks to cushion the struggling real estate sector by limiting new construction projects and stabilizing prices with aggressive interest rate and regulatory maneuvering. The group is also planning to motivate investments in the stock market and propel corporate buybacks through financing easements. Lowering unemployment amongst the younger generations is also a policy goal of the committee.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-layoffs-remain-contained-nbsp\"><strong>Layoffs Remain Contained&nbsp;<\/strong><\/h2>\n\n\n\n<p>The weekly unemployment claims report has gained importance as all eyes are on labor market health to see if the Fed can side-step recession after hiking rates 525 basis points (bps). So far, so good. Initial claims fell to 218,000 for the week ended September 21, below the prior period&#8217;s 222,000 and the median estimate of 225,000. Continuing claims for the seven-day interval ending September 14 inched up slightly to 1.834 million, above the previous span&#8217;s 1.821 million and projections of 1.828 million. Four-week moving averages dwindled on both fronts, however, from 228,250 and 1.842 million to 224,750 and 1.836 million.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"1050\" height=\"763\" data-src=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/09\/Unemployment-Claims-9-26-24.png\" alt=\"\" class=\"wp-image-198100 lazyload\" data-srcset=\"https:\/\/ibkrcampus.eu\/campus\/wp-content\/uploads\/sites\/3\/2024\/09\/Unemployment-Claims-9-26-24.png 1050w, https:\/\/ibkrcampus.eu\/campus\/wp-content\/uploads\/sites\/3\/2024\/09\/Unemployment-Claims-9-26-24-700x509.png 700w, https:\/\/ibkrcampus.eu\/campus\/wp-content\/uploads\/sites\/3\/2024\/09\/Unemployment-Claims-9-26-24-300x218.png 300w, https:\/\/ibkrcampus.eu\/campus\/wp-content\/uploads\/sites\/3\/2024\/09\/Unemployment-Claims-9-26-24-768x558.png 768w\" data-sizes=\"(max-width: 1050px) 100vw, 1050px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1050px; aspect-ratio: 1050\/763;\" \/><\/figure>\n\n\n\n<p>Past performance is not indicative of future results<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-mortgages-too-costly-above-6-nbsp\"><strong>Mortgages Too Costly Above 6&nbsp;<\/strong><\/h2>\n\n\n\n<p>Another look at the real estate market offered little reason for optimism, with home contract signings remaining near year-to-date troughs. Pending home sales did increase slightly in August though, posting a 0.6% month-over-month (m\/m) gain, better than the 0.3% projected and the 5.5% decline from July. On a year-over-year basis, though, the headline figure dropped 3%, a smaller slip than the preceding period\u2019s 8.5% contraction. Contract signings serve as a lead to closings, as financing agreements, inspection visits, and other considerations occur in between the two pivotal dates.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-durable-goods-stay-afloat\"><strong>Durable Goods Stay Afloat<\/strong><\/h2>\n\n\n\n<p>In the manufacturing sector, durable goods orders came in unchanged last month, holding on to July&#8217;s sharp recovery. The outcome was better than the median estimate which called for a decline of 2.6% m\/m, while the previous month&#8217;s gain sported a sizable 9.8%. Hampering the progress was the passenger aircraft category, which saw purchases decline 7.5% m\/m. Communications equipment and computers saw modest m\/m declines of 0.7% and 0.3%. Defending July&#8217;s recuperation were transactions for defense airplanes, electrical equipment, fabricated metal products, machinery, primary metals, automobiles and parts, and the other segment which saw m\/m increases of 8.4%, 1.9%, 0.6%, 0.5%, 0.2%, 0.2% and 0.2%. A proxy for business investment, nondefense capital goods excluding aircraft, rose 0.2% m\/m, offsetting the 0.2% decline in July.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"1050\" height=\"763\" data-src=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/09\/Durable-Goods-6-26-24.png\" alt=\"\" class=\"wp-image-198101 lazyload\" data-srcset=\"https:\/\/ibkrcampus.eu\/campus\/wp-content\/uploads\/sites\/3\/2024\/09\/Durable-Goods-6-26-24.png 1050w, https:\/\/ibkrcampus.eu\/campus\/wp-content\/uploads\/sites\/3\/2024\/09\/Durable-Goods-6-26-24-700x509.png 700w, https:\/\/ibkrcampus.eu\/campus\/wp-content\/uploads\/sites\/3\/2024\/09\/Durable-Goods-6-26-24-300x218.png 300w, https:\/\/ibkrcampus.eu\/campus\/wp-content\/uploads\/sites\/3\/2024\/09\/Durable-Goods-6-26-24-768x558.png 768w\" data-sizes=\"(max-width: 1050px) 100vw, 1050px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1050px; aspect-ratio: 1050\/763;\" \/><\/figure>\n\n\n\n<p>Past performance is not indicative of future results<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-gdp-gets-upgraded\"><strong>GDP Gets Upgraded<\/strong><\/h2>\n\n\n\n<p>In other economic news, second quarter US economic growth was bumped up to 3% from 2.9%, primarily reflecting stronger inventory investment and federal spending. Consumption, business investment and exports were revised lower, but imports higher, weighing on the amount of the upgrade. Meanwhile, the pace of corporate profits beat expectations, rising 3.5% quarter over quarter and recovering from the 2.1% decline in the first quarter.\u00a0<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-bumpy-rise-in-markets\"><strong>Bumpy Rise in Markets<\/strong><\/h2>\n\n\n\n<p>Firm economic data and adversarial artificial intelligence news are sending yields north, while major equity indices are paring sharp gains, but hanging in there. We\u2019re seeing some bear-flattening action across the yield curve, with the 2- and 10-year Treasury maturities moving up 6 and 2 bps to 3.62% and 3.81%. Major stateside equity benchmarks remain in the green and are led by the Russell 2000, which is up 0.7%. The Dow Jones Industrial, Nasdaq 100, and S&amp;P 500 indices are higher by 0.6%, 0.4%, and 0.2%, as the adversarial news from the Justice Department passed the daily leadership baton from growth to value. Sectoral breadth is positive with 7 out of 11 segments trading north as materials, technology, and industrials add 2%, 0.7%, and 0.6%. The laggards are comprised of energy, real estate and utilities which are off by 1.8%, 0.8% and 0.2%.Commodities are mostly bullish as easy-money sentiments bolster prices for copper, silver, lumber, and gold; they\u2019re higher by 3.2%, 1%, 0.6%, and 0.5%. But crude oil can\u2019t catch a break, folks; this time it\u2019s the market reacting to Riyadh ready to abandon its mission for loftier prices in order to chase greater market share. Tripoli is also looking to add supply, which is contributing to lower prices. WTI is trading at $67.50 per barrel, a 3.3% decline. The dollar is depreciating relative to all its major counterparts including the euro, pound sterling, franc, yen, yuan, and Aussie and Canadian dollars.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-i-s-beijing-desperate\">I<strong>s Beijing Desperate?<\/strong><\/h2>\n\n\n\n<p>Recent efforts by Beijing to shore up its markets are increasingly suspicious in regard to the economic prospects of the nation. The benefits of this week\u2019s earlier effort were short-lived, with the market not responding well yesterday. Today\u2019s development, meanwhile, could point to deteriorating conditions domestically and a state of panic, which could have ripple effects globally. Much of this year\u2019s disinflation was imported from China; the question on some people\u2019s minds, especially with rising commodity prices, is whether Beijing can import inflation as it stimulates fiscally and monetarily. Finally, tomorrow\u2019s economic calendar carries the Fed\u2019s preferred inflation gauge, as well as consumer spending numbers for services. <\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>West of the Pacific in Beijing, government leaders assured market participants that they will not just help the economy via the monetary system, but with fiscal support as well.<\/p>\n","protected":false},"author":903,"featured_media":197705,"comment_status":"open","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"_acf_changed":true,"footnotes":""},"categories":[58,146,147,8,12,148,7],"tags":[1320,677,1893,2257,368],"contributors-categories":[370],"class_list":{"0":"post-198099","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ibkr-economic-landscape","8":"category-macro","9":"category-north-america","10":"category-region","11":"category-securities","12":"category-text-articles","13":"category-traders-insight","14":"tag-durable-goods","15":"tag-gdp","16":"tag-macro-outlook","17":"tag-peoples-bank-of-china-2","18":"tag-unemployment-claims","19":"contributors-categories-ibkr-macroeconomics"},"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>AI Enthusiasm Disrupted by Regulatory Probe: Sep. 26, 2024<\/title>\n<meta name=\"description\" content=\"West of the Pacific in Beijing, government leaders assured market participants that they will not just help the economy via the monetary system, but...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.interactivebrokers.com\/campus\/wp-json\/wp\/v2\/posts\/198099\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AI Enthusiasm Disrupted by Regulatory Probe: Sep. 26, 2024\" \/>\n<meta property=\"og:description\" content=\"West of the Pacific in Beijing, government leaders assured market participants that they will not just help the economy via the monetary system, but with fiscal support as well.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.interactivebrokers.eu\/campus\/traders-insight\/ai-enthusiasm-disrupted-by-regulatory-probe\/\" \/>\n<meta property=\"og:site_name\" content=\"IBKR Campus EU\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-26T18:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-30T09:18:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.interactivebrokers.eu\/campus\/wp-content\/uploads\/sites\/3\/2024\/09\/generative-ai-trading-companion-finance.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"563\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jose Torres\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jose Torres\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\n\t    \"@context\": \"https:\\\/\\\/schema.org\",\n\t    \"@graph\": [\n\t        {\n\t            \"@type\": \"Article\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/traders-insight\\\/ai-enthusiasm-disrupted-by-regulatory-probe\\\/#article\",\n\t            \"isPartOf\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/traders-insight\\\/ai-enthusiasm-disrupted-by-regulatory-probe\\\/\"\n\t            },\n\t            \"author\": {\n\t                \"name\": \"Jose Torres\",\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/#\\\/schema\\\/person\\\/92c2be3b6162d92fb996417221509b6e\"\n\t            },\n\t            \"headline\": \"AI Enthusiasm Disrupted by Regulatory Probe: Sep. 26, 2024\",\n\t            \"datePublished\": \"2024-09-26T18:00:00+00:00\",\n\t            \"dateModified\": \"2024-09-30T09:18:42+00:00\",\n\t            \"mainEntityOfPage\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/traders-insight\\\/ai-enthusiasm-disrupted-by-regulatory-probe\\\/\"\n\t            },\n\t            \"wordCount\": 831,\n\t            \"commentCount\": 0,\n\t            \"image\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/traders-insight\\\/ai-enthusiasm-disrupted-by-regulatory-probe\\\/#primaryimage\"\n\t            },\n\t            \"thumbnailUrl\": \"https:\\\/\\\/www.interactivebrokers.eu\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/3\\\/2024\\\/09\\\/generative-ai-trading-companion-finance.jpg\",\n\t            \"keywords\": [\n\t                \"durable goods\",\n\t                \"gdp\",\n\t                \"macro outlook\",\n\t                \"Peoples Bank of China\",\n\t                \"unemployment claims\"\n\t            ],\n\t            \"articleSection\": [\n\t                \"IBKR Economic Landscape\",\n\t                \"Macro\",\n\t                \"North America\",\n\t                \"Region\",\n\t                \"Securities\",\n\t                \"Text Articles\",\n\t                \"Traders' Insight\"\n\t            ],\n\t            \"inLanguage\": \"en-US\",\n\t            \"potentialAction\": [\n\t                {\n\t                    \"@type\": \"CommentAction\",\n\t                    \"name\": \"Comment\",\n\t                    \"target\": [\n\t                        \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/traders-insight\\\/ai-enthusiasm-disrupted-by-regulatory-probe\\\/#respond\"\n\t                    ]\n\t                }\n\t            ]\n\t        },\n\t        {\n\t            \"@type\": \"WebPage\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/traders-insight\\\/ai-enthusiasm-disrupted-by-regulatory-probe\\\/\",\n\t            \"url\": \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/traders-insight\\\/ai-enthusiasm-disrupted-by-regulatory-probe\\\/\",\n\t            \"name\": \"AI Enthusiasm Disrupted by Regulatory Probe: Sep. 26, 2024 - IBKR Campus EU\",\n\t            \"isPartOf\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/#website\"\n\t            },\n\t            \"primaryImageOfPage\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/traders-insight\\\/ai-enthusiasm-disrupted-by-regulatory-probe\\\/#primaryimage\"\n\t            },\n\t            \"image\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/traders-insight\\\/ai-enthusiasm-disrupted-by-regulatory-probe\\\/#primaryimage\"\n\t            },\n\t            \"thumbnailUrl\": \"https:\\\/\\\/www.interactivebrokers.eu\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/3\\\/2024\\\/09\\\/generative-ai-trading-companion-finance.jpg\",\n\t            \"datePublished\": \"2024-09-26T18:00:00+00:00\",\n\t            \"dateModified\": \"2024-09-30T09:18:42+00:00\",\n\t            \"author\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/#\\\/schema\\\/person\\\/92c2be3b6162d92fb996417221509b6e\"\n\t            },\n\t            \"description\": \"West of the Pacific in Beijing, government leaders assured market participants that they will not just help the economy via the monetary system, but with fiscal support as well.\",\n\t            \"breadcrumb\": {\n\t                \"@id\": \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/traders-insight\\\/ai-enthusiasm-disrupted-by-regulatory-probe\\\/#breadcrumb\"\n\t            },\n\t            \"inLanguage\": \"en-US\",\n\t            \"potentialAction\": [\n\t                {\n\t                    \"@type\": \"ReadAction\",\n\t                    \"target\": [\n\t                        \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/traders-insight\\\/ai-enthusiasm-disrupted-by-regulatory-probe\\\/\"\n\t                    ]\n\t                }\n\t            ]\n\t        },\n\t        {\n\t            \"@type\": \"ImageObject\",\n\t            \"inLanguage\": \"en-US\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/traders-insight\\\/ai-enthusiasm-disrupted-by-regulatory-probe\\\/#primaryimage\",\n\t            \"url\": \"https:\\\/\\\/www.interactivebrokers.eu\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/3\\\/2024\\\/09\\\/generative-ai-trading-companion-finance.jpg\",\n\t            \"contentUrl\": \"https:\\\/\\\/www.interactivebrokers.eu\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/3\\\/2024\\\/09\\\/generative-ai-trading-companion-finance.jpg\",\n\t            \"width\": 1000,\n\t            \"height\": 563,\n\t            \"caption\": \"generative-ai-trading-companion-finance\"\n\t        },\n\t        {\n\t            \"@type\": \"BreadcrumbList\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/traders-insight\\\/ai-enthusiasm-disrupted-by-regulatory-probe\\\/#breadcrumb\",\n\t            \"itemListElement\": [\n\t                {\n\t                    \"@type\": \"ListItem\",\n\t                    \"position\": 1,\n\t                    \"name\": \"Home\",\n\t                    \"item\": \"https:\\\/\\\/www.interactivebrokers.eu\\\/campus\\\/\"\n\t                },\n\t                {\n\t                    \"@type\": \"ListItem\",\n\t                    \"position\": 2,\n\t                    \"name\": \"AI Enthusiasm Disrupted by Regulatory Probe: Sep. 26, 2024\"\n\t                }\n\t            ]\n\t        },\n\t        {\n\t            \"@type\": \"WebSite\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/#website\",\n\t            \"url\": \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/\",\n\t            \"name\": \"IBKR Campus EU\",\n\t            \"description\": \"\",\n\t            \"potentialAction\": [\n\t                {\n\t                    \"@type\": \"SearchAction\",\n\t                    \"target\": {\n\t                        \"@type\": \"EntryPoint\",\n\t                        \"urlTemplate\": \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/?s={search_term_string}\"\n\t                    },\n\t                    \"query-input\": {\n\t                        \"@type\": \"PropertyValueSpecification\",\n\t                        \"valueRequired\": true,\n\t                        \"valueName\": \"search_term_string\"\n\t                    }\n\t                }\n\t            ],\n\t            \"inLanguage\": \"en-US\"\n\t        },\n\t        {\n\t            \"@type\": \"Person\",\n\t            \"@id\": \"https:\\\/\\\/ibkrcampus.eu\\\/campus\\\/#\\\/schema\\\/person\\\/92c2be3b6162d92fb996417221509b6e\",\n\t            \"name\": \"Jose Torres\",\n\t            \"description\": \"Jos\u00e9 Torres is Senior Economist at Interactive Brokers. In this capacity, he is responsible for economic analysis, economic commentary and educational content focused on the economy. Prior to joining Interactive Brokers, Jos\u00e9 spent 6 years working as an economist in the United States government within the Federal Deposit Insurance Corporation (FDIC) and the Bureau of Labor Statistics (BLS). During his time with the U.S. government, Jos\u00e9 frequently led presentations covering economic conditions and forecasts for elected officials, political appointees and senior management. He also built economic models, consulted with private sector executives, contributed to the modernization of economic processes and gained recognition for predicting the inflationary episode of the 2020s. Jos\u00e9 has also been a professor of economics at the City University of New York and holds a master\u2019s degree in financial economics from West Texas A&amp;M University. His skillset includes the ability to communicate and analyze complex economic topics in English and in Spanish and throughout his career, he has been interviewed by media outlets including Bloomberg, CNBC, CNN, WSJ, AP, Yahoo Finance, Cheddar, Business Insider, Seeking Alpha, PBS, FOX, Economic Times, Univision, Telemundo and others.\",\n\t            \"url\": \"https:\\\/\\\/www.interactivebrokers.eu\\\/campus\\\/author\\\/jose-torres\\\/\"\n\t        }\n\t    ]\n\t}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"AI Enthusiasm Disrupted by Regulatory Probe: Sep. 26, 2024","description":"West of the Pacific in Beijing, government leaders assured market participants that they will not just help the economy via the monetary system, but...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.interactivebrokers.com\/campus\/wp-json\/wp\/v2\/posts\/198099\/","og_locale":"en_US","og_type":"article","og_title":"AI Enthusiasm Disrupted by Regulatory Probe: Sep. 26, 2024","og_description":"West of the Pacific in Beijing, government leaders assured market participants that they will not just help the economy via the monetary system, but with fiscal support as well.","og_url":"https:\/\/www.interactivebrokers.eu\/campus\/traders-insight\/ai-enthusiasm-disrupted-by-regulatory-probe\/","og_site_name":"IBKR Campus EU","article_published_time":"2024-09-26T18:00:00+00:00","article_modified_time":"2024-09-30T09:18:42+00:00","og_image":[{"width":1000,"height":563,"url":"https:\/\/www.interactivebrokers.eu\/campus\/wp-content\/uploads\/sites\/3\/2024\/09\/generative-ai-trading-companion-finance.jpg","type":"image\/jpeg"}],"author":"Jose Torres","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Jose Torres","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ibkrcampus.eu\/campus\/traders-insight\/ai-enthusiasm-disrupted-by-regulatory-probe\/#article","isPartOf":{"@id":"https:\/\/ibkrcampus.eu\/campus\/traders-insight\/ai-enthusiasm-disrupted-by-regulatory-probe\/"},"author":{"name":"Jose Torres","@id":"https:\/\/ibkrcampus.eu\/campus\/#\/schema\/person\/92c2be3b6162d92fb996417221509b6e"},"headline":"AI Enthusiasm Disrupted by Regulatory Probe: Sep. 26, 2024","datePublished":"2024-09-26T18:00:00+00:00","dateModified":"2024-09-30T09:18:42+00:00","mainEntityOfPage":{"@id":"https:\/\/ibkrcampus.eu\/campus\/traders-insight\/ai-enthusiasm-disrupted-by-regulatory-probe\/"},"wordCount":831,"commentCount":0,"image":{"@id":"https:\/\/ibkrcampus.eu\/campus\/traders-insight\/ai-enthusiasm-disrupted-by-regulatory-probe\/#primaryimage"},"thumbnailUrl":"https:\/\/www.interactivebrokers.eu\/campus\/wp-content\/uploads\/sites\/3\/2024\/09\/generative-ai-trading-companion-finance.jpg","keywords":["durable goods","gdp","macro outlook","Peoples Bank of China","unemployment claims"],"articleSection":["IBKR Economic Landscape","Macro","North America","Region","Securities","Text Articles","Traders' Insight"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ibkrcampus.eu\/campus\/traders-insight\/ai-enthusiasm-disrupted-by-regulatory-probe\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ibkrcampus.eu\/campus\/traders-insight\/ai-enthusiasm-disrupted-by-regulatory-probe\/","url":"https:\/\/ibkrcampus.eu\/campus\/traders-insight\/ai-enthusiasm-disrupted-by-regulatory-probe\/","name":"AI Enthusiasm Disrupted by Regulatory Probe: Sep. 26, 2024 - IBKR Campus EU","isPartOf":{"@id":"https:\/\/ibkrcampus.eu\/campus\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ibkrcampus.eu\/campus\/traders-insight\/ai-enthusiasm-disrupted-by-regulatory-probe\/#primaryimage"},"image":{"@id":"https:\/\/ibkrcampus.eu\/campus\/traders-insight\/ai-enthusiasm-disrupted-by-regulatory-probe\/#primaryimage"},"thumbnailUrl":"https:\/\/www.interactivebrokers.eu\/campus\/wp-content\/uploads\/sites\/3\/2024\/09\/generative-ai-trading-companion-finance.jpg","datePublished":"2024-09-26T18:00:00+00:00","dateModified":"2024-09-30T09:18:42+00:00","author":{"@id":"https:\/\/ibkrcampus.eu\/campus\/#\/schema\/person\/92c2be3b6162d92fb996417221509b6e"},"description":"West of the Pacific in Beijing, government leaders assured market participants that they will not just help the economy via the monetary system, but with fiscal support as well.","breadcrumb":{"@id":"https:\/\/ibkrcampus.eu\/campus\/traders-insight\/ai-enthusiasm-disrupted-by-regulatory-probe\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ibkrcampus.eu\/campus\/traders-insight\/ai-enthusiasm-disrupted-by-regulatory-probe\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ibkrcampus.eu\/campus\/traders-insight\/ai-enthusiasm-disrupted-by-regulatory-probe\/#primaryimage","url":"https:\/\/www.interactivebrokers.eu\/campus\/wp-content\/uploads\/sites\/3\/2024\/09\/generative-ai-trading-companion-finance.jpg","contentUrl":"https:\/\/www.interactivebrokers.eu\/campus\/wp-content\/uploads\/sites\/3\/2024\/09\/generative-ai-trading-companion-finance.jpg","width":1000,"height":563,"caption":"generative-ai-trading-companion-finance"},{"@type":"BreadcrumbList","@id":"https:\/\/ibkrcampus.eu\/campus\/traders-insight\/ai-enthusiasm-disrupted-by-regulatory-probe\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.interactivebrokers.eu\/campus\/"},{"@type":"ListItem","position":2,"name":"AI Enthusiasm Disrupted by Regulatory Probe: Sep. 26, 2024"}]},{"@type":"WebSite","@id":"https:\/\/ibkrcampus.eu\/campus\/#website","url":"https:\/\/ibkrcampus.eu\/campus\/","name":"IBKR Campus EU","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ibkrcampus.eu\/campus\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/ibkrcampus.eu\/campus\/#\/schema\/person\/92c2be3b6162d92fb996417221509b6e","name":"Jose Torres","description":"Jos\u00e9 Torres is Senior Economist at Interactive Brokers. In this capacity, he is responsible for economic analysis, economic commentary and educational content focused on the economy. Prior to joining Interactive Brokers, Jos\u00e9 spent 6 years working as an economist in the United States government within the Federal Deposit Insurance Corporation (FDIC) and the Bureau of Labor Statistics (BLS). During his time with the U.S. government, Jos\u00e9 frequently led presentations covering economic conditions and forecasts for elected officials, political appointees and senior management. He also built economic models, consulted with private sector executives, contributed to the modernization of economic processes and gained recognition for predicting the inflationary episode of the 2020s. Jos\u00e9 has also been a professor of economics at the City University of New York and holds a master\u2019s degree in financial economics from West Texas A&amp;M University. His skillset includes the ability to communicate and analyze complex economic topics in English and in Spanish and throughout his career, he has been interviewed by media outlets including Bloomberg, CNBC, CNN, WSJ, AP, Yahoo Finance, Cheddar, Business Insider, Seeking Alpha, PBS, FOX, Economic Times, Univision, Telemundo and others.","url":"https:\/\/www.interactivebrokers.eu\/campus\/author\/jose-torres\/"}]}},"jetpack_featured_media_url":"https:\/\/www.interactivebrokers.eu\/campus\/wp-content\/uploads\/sites\/3\/2024\/09\/generative-ai-trading-companion-finance.jpg","_links":{"self":[{"href":"https:\/\/ibkrcampus.eu\/campus\/wp-json\/wp\/v2\/posts\/198099","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ibkrcampus.eu\/campus\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ibkrcampus.eu\/campus\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ibkrcampus.eu\/campus\/wp-json\/wp\/v2\/users\/903"}],"replies":[{"embeddable":true,"href":"https:\/\/ibkrcampus.eu\/campus\/wp-json\/wp\/v2\/comments?post=198099"}],"version-history":[{"count":0,"href":"https:\/\/ibkrcampus.eu\/campus\/wp-json\/wp\/v2\/posts\/198099\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ibkrcampus.eu\/campus\/wp-json\/wp\/v2\/media\/197705"}],"wp:attachment":[{"href":"https:\/\/ibkrcampus.eu\/campus\/wp-json\/wp\/v2\/media?parent=198099"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ibkrcampus.eu\/campus\/wp-json\/wp\/v2\/categories?post=198099"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ibkrcampus.eu\/campus\/wp-json\/wp\/v2\/tags?post=198099"},{"taxonomy":"contributors-categories","embeddable":true,"href":"https:\/\/ibkrcampus.eu\/campus\/wp-json\/wp\/v2\/contributors-categories?post=198099"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}