In an interview for the Federal Reserve Bank of Richmond on 28 December 2025, economist Anton Korinek said artificial intelligence is poised to move increasingly into the physical world and that robots could significantly reshape the labor market. He framed this shift as a major structural change with wide economic implications. Korinek cited OpenAI’s working definition of AI as a “highly autonomous system that outperforms humans in most economically valuable work,” highlighting the potential for automation to substitute for human labor across many tasks. The discussion focused on the scale and nature of labor-market impacts as AI-driven systems expand beyond digital applications into physical tasks, underscoring questions for policymakers and employers about adaptation and workforce transitions. #AI #robots #labormarket #AntonKorinek #FiatNews

A fund that outperforms 99% of its peers says European automakers are set to outperform after years of lagging, and the manager is reallocating away from long-term banking winners. Reported on 28 Dec 2025, the investor described the shift bluntly: "Automakers are the new banks." The manager — who has beaten the market — is selling positions in long-term winners within the banking sector and increasing exposure to European auto stocks. The note highlights a sector rotation driven by a reassessment of relative prospects between banks and carmakers. The development signals a material tactical reweighting by a high-performing fund toward autos after a prolonged period of underperformance in that sector. #EuropeanAutos #Banks #Equities #FiatNews

A weekend commentary (28 Dec 2025) argues that rejecting neoliberalism has become fashionable, but the arguments against it remain relatively weak. The piece opens by noting that the late 20th-century economic boom was driven by well-calibrated economic policy, and that abandoning those approaches has not been justified by strong evidence. The author says that over time the prevailing mindset among economists shifted, and with it space reopened for what the commentator calls dubious theories and policy prescriptions. The note stresses a contrast between the measurable successes tied to market-oriented reforms at the turn of the century and the recent trend of sweeping repudiation without robust counterarguments. The commentary calls for a more evidence-based debate on economic policy rather than adopting fashionable critiques, warning that discarding proven tools without solid alternatives risks repeating past mistakes. #neoliberalism #economics #economicpolicy #FiatNews

In an interview published by the Federal Reserve Bank of Richmond, scientist Anton Korinek warned that our children will likely not experience the same labour market as previous generations. The conversation focuses on artificial intelligence—its potential, practical applications and implications for work. Korinek, who taught himself programming as a teenager in Austria and studied neural networks, said he originally expected a future in the natural sciences but changed course at university. The discussion explores how rapid AI advances could reshape jobs and economic dynamics. The interview presents Korinek’s technical background alongside analysis of AI’s real-world uses and their consequences for employment. #AI #AntonKorinek #LaborMarket #FedRichmond #FiatNews

As of 27 December 2025, market participants report that China continues to curb exports of rare earths that the United States needs for permanent magnets and other industrial applications, despite an October agreement between President Donald Trump and his Chinese counterpart to lift those restrictions. The ongoing limits are affecting immediate access to key raw materials used in high‑performance motors, electronics and certain defense components. Traders and industry sources say shipments remain constrained and that the October pact has not yet translated into broader easing of Chinese controls. No specific figures or official statements from either government have been cited by the market participants referenced. The development underscores persistent supply‑chain frictions over critical minerals even after high‑level diplomacy sought to address export curbs. #rareearths #China #Trump #permanentmagnets #FiatNews

Economist Scott Sumner argues in a Substack essay (27 Dec 2025) that while human history has seen multiple “golden ages,” none matched the prosperity of the late 20th century. The piece asks why societies and policymakers have since “given up what worked,” suggesting a reassessment of recent policy shifts. Sumner highlights the contrast between past eras and the end of the last century, writing that “none of them came close to that at the end of the last century.” The post frames this period as unusually successful in historical perspective. The Substack commentary aims to trace how institutions and policies that supported that near-unparalleled outcome were changed or abandoned in subsequent years, inviting debate on what lessons — if any — should be reclaimed. #ScottSumner #economics #Substack #FiatNews

After-Christmas trading on U.S. equities on 26 December 2025 was calm, with low volumes and a mildly positive tone across markets. The S&P 500 briefly reached an intraday record during the session. Overall activity was subdued as holiday-thinned participation kept moves muted; market sentiment was slightly positive but lacked strong directional conviction. Traders and investors noted the quiet backdrop typical of post‑holiday sessions, when lighter order flow can limit volatility and make headline moves less decisive. #WallStreet #SP500 #FiatNews

A commentary asks whether the Czech economy is moving toward a sustainable balance, using international benchmarks for potential (equilibrium) GDP growth to frame the question. The note highlights low long‑term growth rates in major economies as a point of comparison. Estimated potential growth is only a little above 1% in the eurozone; Japan is said to be at a similar level. The United States’ potential growth is typically cited at roughly double those figures — around or just above 2%. Potential or equilibrium growth denotes the long‑run GDP pace consistent with stable inflation and full employment. Persistently low potential growth abroad implies less room to absorb shocks and has implications for monetary and fiscal policy choices; the commentary prompts reflection on how the Czech economy aligns with these benchmarks. #CzechEconomy #GDP #eurozone #Japan #US #FiatNews

On Dec. 26, 2025, Art Hogan, strategist at B. Riley Wealth, discussed on Yahoo Finance how investors are beginning to differentiate among large technology companies, outlining which names he views as relatively better or worse investment prospects under the theme "Gems of the Week: The magic number and data centers in space." Hogan framed the debate around a valuation "magic number" and longer-term infrastructure ideas, including the concept of data centers in space. Hogan weighed trade-offs facing investors as they reallocate within big tech, stressing valuation metrics and structural growth themes. He presented his perspective on which companies may be more attractive given those criteria and which may lag. The commentary situates current portfolio decisions in a broader discussion of metrics and emerging infrastructure opportunities that could reshape tech exposure over time. #Tech #Investing #DataCenters #ArtHogan #FiatNews

Nvidia has struck an agreement to license chip technology from startup Groq and will bring Groq’s chief executive — described as a Google veteran — into its organization, Groq said in a blog post dated Dec. 26, 2025. The disclosure frames the move as a technology-and-leadership transfer from the AI-focused startup to the larger chipmaker. Groq’s announcement identifies the deal as a licensing arrangement for its chip technology and confirms the change in senior leadership, but provides no further financial or contractual details in the post. The startup is known for designing accelerators for machine-learning workloads, and the blog post served as the source for the information. The notice does not specify implementation timelines or additional personnel changes. Both the technology license and the hire of Groq’s CEO mark a direct business link between the two companies as disclosed by Groq on Dec. 26, 2025. #NVIDIA #Groq #NVDA #FiatNews

On December 26, 2025, gold, silver and platinum climbed to record highs, capping an extraordinary year for precious metals. The rally accelerated at year-end as investors pushed prices to new peaks across the complex. Market participants attribute the sharp gains to a mix of rising geopolitical tensions, a softer US dollar and robust investor demand for safe-haven and inflation-protection assets. Analysts say these drivers combined to create unusually strong flows into the sector, lifting prices across multiple metals rather than a single outlier. The surge underscores growing interest in precious metals amid macro uncertainty and currency moves. Market observers will watch whether these forces persist into 2026 and how central bank actions and geopolitical developments influence further price momentum. #gold #silver #platinum #USD #FiatNews

Natixis on Dec. 25, 2025 published an economic analysis and forecasts focused on the Czech Republic, Poland and Hungary, setting out a regional outlook and projections for the year ahead. The report aims to compare trajectories across the three economies and their expected near-term performance. A highlighted element of the analysis is a comparison of per‑capita incomes in the Czech Republic, Poland and Hungary against benchmarks for the euro area and the EU. The study also raises several other points of interest for the region’s macro outlook and short‑term predictions. Such cross‑country comparisons are useful for assessing convergence trends and the relative position of Central European economies within the EU. The report presents the detailed data and scenario forecasts for readers seeking the full empirical picture. #CzechRepublic #Poland #Hungary #EU #FiatNews

Warren Buffett will hand the leadership of Berkshire Hathaway to Greg Abel, a transition announced on Dec. 25, 2025. The move marks the end of Buffett’s long tenure as head of the conglomerate and begins a new leadership chapter at the company. #WarrenBuffett #GregAbel #BerkshireHathaway On Yahoo Finance, Lee Munson, president of Portfolio Wealth Advisors, commented on Buffett’s career, discussing how Buffett changed perspectives on investing and outlining what might change after his departure. Munson’s remarks focused on Buffett’s influence rather than specific operational shifts. The story frames the leadership handover as a pivotal moment for Berkshire Hathaway and for investors assessing the company’s future without Buffett at the helm. Coverage highlighted Buffett’s legacy and the potential implications of the management transition. #FiatNews

As 2025 closes, market commentary highlights Goldman Sachs’ return forecasts for the year ahead, with attention not only to US equities but to expected regional shifts. The piece summarises Goldman’s outlook on prospective returns and places those forecasts in the context of broader asset-allocation trends. Key takeaway: analysts point to a potential rotation away from the US toward other regions, changing the geographic composition of expected returns. The commentary reviews Goldman Sachs’ guidance and outlines implications for global portfolio positioning. The note serves as a year‑end synthesis of professional forecasts, stressing that investors should weigh both projected returns and regional rotation dynamics when assessing allocations for the coming year. #GoldmanSachs #USStocks #GlobalMarkets #FiatNews

On Dec. 24, 2025, Goldman Sachs strategists said markets are entering a new phase defined by elevated valuations, an AI-driven boom and greater volatility. They expect next year’s gains to be supported by prospective interest-rate cuts from the US Federal Reserve and continued corporate earnings growth, but caution that risks remain. "It will not be without risks," the strategists warned. Goldman highlights a tension between stretched asset prices and ongoing fundamental strength: while AI-related demand and earnings momentum could lift equities, higher volatility may increase the frequency of sharp market swings. The note signals investors should factor rich valuations and policy moves into positioning. #GoldmanSachs #AI #Fed #markets #FiatNews

As markets enter the Christmas and New Year holiday period (note date: 24 Dec 2025), trading calendars and hours change across asset classes. The overview summarizes when markets typically remain open, close or operate shortened hours during the holidays so participants can plan order execution and risk management. Typically, major equity exchanges shorten sessions or close around Dec 24–26 and Dec 31–Jan 1; fixed income, FX and commodity markets often continue to trade but with thinner liquidity and wider spreads. Corporate bond desks and some regional markets may follow national public holidays, further affecting available markets and settlement times. Investors and traders should consult official exchange calendars and their brokers for exact holiday hours and cut-off times, and be prepared for lower volumes and potential volatility around the year-end. #Markets #TradingHours #Christmas #NewYear #FiatNews

Nvidia led market gains on a quiet, pre-Christmas session on Wall Street as the AI investment theme regained momentum and China re-emerged as a market focus. Investors also keyed on fresh U.S. macro data released on Tuesday, which provided an important signal for the near-term economic outlook and implications for monetary policy. Trading was calmer than typical sessions, but technology names centered on artificial intelligence continued to attract flows, with Nvidia at the forefront. At the same time, renewed investor interest in Chinese markets pushed China back into the discussion after a period of relative sidelining. The combination of AI-driven demand and the new U.S. economic figures framed market sentiment heading into the holidays, reinforcing the narrative of an ongoing AI story while leaving central-bank policy considerations in focus. #NVDA #AI #China #FiatNews

U.S. equities have been delivering returns for some time that sit “well above what they should,” raising the question of whether another market surprise is coming, a note published on 23 December 2025 says. The commentary points to a Deutsche Bank chart that maps the market’s path since mid‑2022. The central observation is that recent returns outpace what historical norms or simple models would have implied for the period, prompting debate about whether this divergence signals mean reversion or continued outperformance. No specific return figures are provided in the summary. Deutsche Bank’s graphic is cited as the basis for the comparison; the piece frames the pattern as an indicator worth watching rather than drawing firm conclusions about timing or direction. #USStocks #DeutscheBank #EquityMarkets #MarketOutlook #FiatNews

Market close snapshot (23.12.): PX ~2,672.20 (+0.23%), DAX 24,352.50 (+0.28%), DJ STOXX 600 589.20 (+0.42%), NASDAQ 23,461.00 (+0.14%), S&P 500 6,885.70 (+0.10%). FX: CZK/EUR 24.29 (+0.21%), CZK/USD 20.64 (+0.26%), USD/EUR 1.1768 (+0.05%). #Markets #FX #FiatNews

Commodities snapshot: gold near $4,450/oz, silver above $70/oz, copper at record highs. Oil slipped by a few tenths of a percent. These moves reflect tight physical markets and shifting investor demand into year end. #Gold #Oil #Silver #FiatNews