American economists Robert E. Hall of Stanford and Michael Woodford of Columbia won the 2026 Nobel Prize in Economics for microeconomic foundations of macroeconomic stabilization.
Yemen's Houthi rebels fired a ballistic missile at Saudi Arabia's international airport and warned of retaliation if the US intervenes.
US President Donald Trump is reportedly considering dismissing the US ambassador to Greece over tensions regarding foreign policy direction.
World
Houthis struck Saudi Arabia's main international airport Sunday, injuring people in a second missile attack within 24 hours with airport operations suspended.
Russia bombed a power plant in Kharkiv on Sunday after killing at least six civilians including three in a grocery store strike.
Nobel Memorial Prize in Economics will be announced in Stockholm on October 12, 2026.
Business
JPMorgan, Goldman Sachs, Wells Fargo, and Citigroup report earnings on Tuesday with attention on how they view soaring yields.
Microsoft is preparing to deploy its own AI chips at massive scale to reduce reliance on Nvidia, and Amazon is pursuing a $7 billion acquisition to make AI computing more flexible.
The IMF releases its full October 2026 World Economic Outlook report today during the 2026 Annual Meetings in Bangkok, Thailand.
Technology
OpenAI has launched GPT-6 with advanced visual processing and new interactive capabilities.
Microsoft is preparing to deploy its own AI chips at massive scale to reduce reliance on Nvidia, Amazon is pursuing a reported $7 billion acquisition to make AI computing more flexible.
Apple confirmed a product launch for October 13 titled "Welcome Home" centered on smart-home products including Apple TV 4K and HomePod mini.
Science
Scientists discovered that declining levels of a protein called Menin may help drive aging, and restoring it in older mice reversed several age-related changes in just 30 days.
Scientists have developed an experimental injection that destroys fat cells and significantly reduces dangerous belly fat, potentially opening a new path to treating obesity.
GLP-1 weight loss drugs like Ozempic and Wegovy have been linked to unexpectedly high rates of nail detachment, hair loss, and scalp inflammation.
Economy
Employers added just 29,000 jobs in September while revisions erased 822,000 reported gains, making the labor market much weaker than previously thought.
Consensus forecasts point to headline CPI rising 0.6% month on month and 3.7% annually when the report releases Wednesday, with core inflation expected at 0.2% and 2.5% respectively.
Initial jobless claims fell to 197,000 for the week ending October 3, marking the lowest count since mid-July and coming below market expectations.
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