The question investors will be looking to answer is whether the job market is losing steam faster than expected, especially after the wide miss relative to expectations in yesterday’s October JOLTs Job Openings report.
AI Has ‘Profound Implications’ for Economy: BOE’s Bailey
Bank of England Governor Andrew Bailey says that Artificial Intelligence is something that needs to be embraced, but its risks must be approached with open eyes. Bailey states, "it's not out of control in the sense of sort of 2001: A Space Odyssey,” but understanding what it delivers can be very hard.
COP28: Dalio Says Climate Projects Must Be Profitable
Bridgewater Associates founder Ray Dalio says climate change is an expensive problem and green projects have to be profitable in order to attract the investment needed to tackle it. “We are living in a world that doesn’t have enough money,” he said at the Bloomberg Green event in Dubai.
Bitcoin Surges Past $42,000, Token Up 150% This Year
Bitcoin topped $42,000 as frenzied speculation in cryptocurrencies gathers pace, extending the largest digital token’s rally to more than 150% this year. Investors are hopeful a spot Bitcoin ETF approval is coming soon. Bloomberg's Isabelle Lee reports.