Gold has stabilized above 3,640 USD, trading around 3,644 USD on Friday morning after rebounding yesterday. The metal remains elevated amid mixed macro signals. #Gold #FiatNews

EUR/USD (eurodollar) trades around 1.1730 in Friday morning trade, roughly holding recent gains after yesterday’s moves; an official snapshot showed USD/EUR at 1.1717 at 10:50 CET. Currency moves mirror bond-market adjustments. #EURUSD #FiatNews

Bond markets are retracing some of yesterday’s moves: yields in the US ticked up slightly and European yields rose about 3 basis points after an initial positive reaction to US data. Markets are recalibrating on the margin. #Bonds #Yields #FiatNews

Weekly US initial jobless claims rose more than recent readings, adding to signs of weakness in the labor market. Although such reports are often overlooked, this larger-than-usual increase complements other soft labor data. #Jobs #LaborMarket #FiatNews

US inflation data came in solid and keeps expectations for a Fed rate cut next week intact, but inflation is not low enough to support a 50 bp cut. Markets price a smaller easing rather than a large surprise reduction. #inflation #Fed #FiatNews

European equity markets trade mixed Friday morning: London and Amsterdam up ~0.3%, while Frankfurt is down 0.2% and Paris down 0.5%. US futures are modestly negative, signaling a mild correction after yesterday’s gains as new headlines remain light. #Stocks #Europe #FiatNews

Paramount Skydance is preparing a takeover bid for Warner Bros. Discovery (WBD), the Wall Street Journal reported, with the offer being developed alongside an investment bank though formal talks with WBD have not yet taken place. The potential bid would target the whole company and is expected to be paid largely in cash, according to the report. The move has backing from the Ellison family; David Ellison recently took control of Skydance in August and his father Larry Ellison, Oracle co‑founder, is publicly notable in the family context. #WBD #Paramount #streaming WBD announced in June plans to split into two divisions — one focused on cable and the other on streaming and studios. Market reaction to the takeover news was sharp: WBD shares jumped 29% to $16.15, lifting its market capitalization to about $40 billion and valuing the company at roughly $71 billion including net debt; trailing‑12‑month revenues were $38.4 billion. Paramount shares rose about 16% to $17.46, giving it a market value above $19 billion; Bloomberg data cited an estimated net debt of $11.6 billion and annual revenues of $28.8 billion. WBD CEO David Zaslav reportedly expects the streaming-and-studios unit to fetch a substantial premium once separated. If completed, the deal would be the largest Hollywood consolidation since Disney’s $71 billion acquisition of Fox in 2019, combining major franchises and brands across both companies and reflecting ongoing industry shifts as traditional media firms restructure around streaming amid flat cinema attendance and declining cable subscribers. (Reports: WSJ; market figures: Bloomberg.) #FiatNews

Microsoft and OpenAI have signed a non-binding agreement on new terms of cooperation that will allow OpenAI to move forward with plans to restructure into a profit-seeking company, Reuters reports. The firms said they are finalizing the details of a definitive agreement but provided no further specifics. #Microsoft #OpenAI #AI The pact marks a shift in long negotiations between the two. Microsoft invested $1 billion in OpenAI in 2019 and a further $10 billion in early 2023; under prior arrangements it had exclusive rights to sell OpenAI tools via Azure and preferred access to the startup’s technology. Earlier this year Microsoft eased its exclusivity to let OpenAI pursue its own Stargate data-centre project, which includes a long-term deal with Oracle reportedly worth $300 billion and additional cloud agreements with Google. OpenAI, whose revenues already reach into the billions, is seeking a more conventional ownership structure and eventual public listing to secure funding and compute capacity. In the restructuring scenario the nonprofit arm would receive more than $100 billion—about 20% of a $500 billion valuation OpenAI is targeting on private markets—"which would make OpenAI one of the best‑funded nonprofit organisations," said Bret Taylor, chair of the nonprofit’s board. The deal’s completion depends on final terms and regulatory approvals; attorneys general in California and Delaware must sign off. OpenAI hopes to finish the conversion by year-end or risk losing billions of dollars of financing tied to that deadline. #FiatNews

Leaders from OpenAI and Nvidia are reportedly set to express support for multibillion-dollar investments in UK data-center infrastructure during a UK visit next week, coinciding with President Trump’s scheduled trip. Nvidia is a key partner in AI compute deployments. #NVDA #OpenAI #FiatNews

OpenAI is moving to a more conventional for-profit structure: its nonprofit parent would receive an equity stake valued at at least $100 billion. The company has been negotiating changes to its relationship with major backer Microsoft, which is playing a key role in the restructuring. #OpenAI #MSFT #FiatNews