Philippe Aghion, Peter Howitt and Joel Mokyr were awarded this yearβs Nobel Prize in Economics for their analysis of growth driven by innovation, emphasizing the role of creative destruction. #NobelPrize #FiatNews
The US government agreed to a strategic partnership with Westinghouse Electric, Cameco and Brookfield Asset Management to build new nuclear reactors worth at least $80 billion. #nuclear #FiatNews
Markets will focus on the Federal Reserve meeting on Wednesday, where the market is pricing a 25 basis-point rate cut to a 3.75β4.00% target range. #Fed #FederalReserve #FiatNews
US consumer confidence in October came in at 94.6, above market expectations of 93.4. #US #FiatNews
German consumer confidence for November fell by 1.6 points to -24.1 from a revised -22.5, mainly due to weaker income expectations; a Reuters poll had forecast -22. #Germany #FiatNews
EUR/USD was largely unchanged from Monday, trading around 1.1660. The Czech koruna also showed limited movement, holding near 24.32 CZK/EUR. #EURUSD #CZK #FiatNews
Gold continued a recent correction, with spot prices down roughly 0.5% to $3,955 per ounce, slipping back below the $4,000 mark in afternoon trading. #gold #FiatNews
Nokia shares surged after reports that Nvidia will invest $1 billion in the Finnish company in exchange for just under a 3% stake, driving notable gains in the stock. #Nokia #Nvidia #FiatNews
PayPal shares rose more than 10% after the company signed an agreement with OpenAI to integrate PayPalβs digital wallet into ChatGPT. From next year buyers and sellers will be able to transact via PayPal through the AI tool. #PayPal #OpenAI #FiatNews
Apple and Microsoft each climbed past a $4 trillion market capitalization. For Apple it was the first time in the companyβs history; Microsoft previously reached the $4T level in July. Both moves followed Tuesdayβs stock gains. #Apple #Microsoft #FiatNews
