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The Economist
 
 
  
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January 30th 2025

The Economist today

The best of our journalism, handpicked each day

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Bo Franklin

Senior digital editor

The Economist appreciates McDonald&rsquo;s burgers almost as much as 
 
https://click.e.economist.com/?qs=01cb8f3989ab5583e5dc2c4e6508cb11d097145b039b89c56c84b77e421d2b986e840640b7759d56e2d9c2751bea25f0816e05b0514017b7dc14a8bfe12b170b 
America&rsquo;s president 
 does: since 1986 we&rsquo;ve used their prices around the world as a guide to exchange-rate misalignments. The latest, revamped edition of our 
 
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Big Mac index 
 suggests that many currencies are undervalued against the dollar. Explore it to see how your country&rsquo;s compares.

The shock of how good DeepSeek&rsquo;s artificial-intelligence models are sent tech stocks plummeting earlier this week. But there are far more 
 
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winners than losers 
 from the DeepSeek drama, especially among AI users.

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Burgernomics

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Our Big Mac index shows how burger prices differ across borders

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Using patty-power parity to think about exchange rates

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Don&rsquo;t let Donald Trump see our Big Mac index

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Seek and ye shall find

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The real meaning of the DeepSeek drama

&rarr; 
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The story of Liang Wenfeng, DeepSeek&rsquo;s mysterious founder

Go beyond the headlines

Subscribe for unlimited access to The Economist

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Executive power

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Donald Trump goes to war with his employees

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Bagehot

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The rise of the Net-Zero Dad

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Middle-aged men care less about the problem. But they love the solution

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1843 magazine

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How Tulsi Gabbard became a crusader against the Deep State

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Her strange journey from a yoga commune to Trump’s intelligence chief

&rarr; 
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Tulsi Gabbard, Sean Penn and the hunt for an American hostage

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Death from above

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Russian pilots appear to be hunting Ukrainian civilians

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By Invitation

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Magnus Carlsen on why the future of chess lies in freestyle

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Time, at the sport’s highest levels, for less computer-assisted rote learning and more creativity

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Culture shock

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A sophisticated civilisation once flourished in the Amazon basin

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Prime time

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Henri Bergson was once the world’s most famous philosopher

Podcast

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The Intelligence

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Will supine Republicans approve RFK Jr and other Trump nominees?

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Also on the daily podcast: passing peak luxury and culling cane toads

Figure of the day

49%, the share of Republicans who trust the Centres for Disease Control and Prevention, compared with 88% of Democrats. 
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Read the full story .

Most read by subscribers

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DeepSeek sends a shockwave through markets

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Why Chinese AI has stunned the world

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Nvidia is in danger of losing its monopoly-like margins

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Kash Patel is a crackpot

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Will supine Republicans approve RFK Jr and other Trump nominees?

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									<b>Bo Franklin</b><br>
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         <i>The Economist</i> appreciates McDonald&rsquo;s burgers almost as much as 
          <a   data-linkto="https://" href="https://click.e.economist.com/?qs=01cb8f3989ab55834fda9e6a3038dc59e66cc220882ed6e5d2be61b0c125f79d6bdd4d7aece6d065e71030efac1c678a87677445dca7355c98836aebe711646c" style="text-decoration:none;" title="America’s president">America&rsquo;s president</a>
          does: since 1986 we&rsquo;ve used their prices around the world as a guide to exchange-rate misalignments. The latest, revamped edition of our 
          <a   data-linkto="https://" href="https://click.e.economist.com/?qs=01cb8f3989ab55830b5ef4ac09e42f7e709eb44df4e68e539b2ad010f2c7df2b38572f5380abdfe4e13de1906c9df5590b886a1d2a8265586c69d1bce47321d1" style="text-decoration:none;" title="Big Mac index">Big Mac index</a>
          suggests that many currencies are undervalued against the dollar. Explore it to see how your country&rsquo;s compares.&nbsp;<br>
         <br>
         The shock of how good DeepSeek&rsquo;s artificial-intelligence models are sent tech stocks plummeting earlier this week. But there are far more 
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          from the DeepSeek drama, especially among AI users.&nbsp;</p></td></tr></table></td></tr></table></td></tr></table><table cellpadding="0" cellspacing="0" width="100%" role="presentation" style="min-width: 100%; " class="stylingblock-content-wrapper"><tr><td class="stylingblock-content-wrapper camarker-inner"><table align="center" bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" role="presentation" style="max-width:600px;" width="100%">
	
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								49%, the share of Republicans who trust the Centres for Disease Control and Prevention, compared with 88% of Democrats.&nbsp;<a   data-linkto="https://" href="https://click.e.economist.com/?qs=01cb8f3989ab558358204eea1b9032657add6a649e8542624418cf32fedc3d6f1ca5cd27fb414007f23bcb5da20bbf5e6f62e2fab971d2b1b3a9e714c8c314bf" style="text-decoration:none;" title="Read the full story">Read the full story</a>.</td></tr></table></td></tr></table></td></tr></table><table cellpadding="0" cellspacing="0" width="100%" role="presentation" style="min-width: 100%; " class="stylingblock-content-wrapper"><tr><td class="stylingblock-content-wrapper camarker-inner"><table align="center" bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" role="presentation" style="max-width:600px;" width="100%">
	
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