A rally in U.S. stocks and bonds powered ahead after a speech by Federal Reserve Chairman Jerome Powell, however some traders imagine a looming recession may cap positive factors in each asset lessons.

The downturn in manufacturing exercise throughout the euro zone eased in November, in response to a survey which suggests whereas the bloc’s factories nonetheless face a harsh winter it is probably not as dangerous as initially feared.

While retail has been slower to undertake automation than sectors resembling autos and electronics, it has been picking-up the tempo – from the introduction of primary self check-out tills in shops to the usage of robots and AI in provide chains. Now tight labor markets, rising wages and client spending stress are forcing the industry to go further.

Sam Bankman-Fried, the founder and former CEO of now-bankrupt crypto alternate FTX, tried to distance himself from suggestions of fraud in his first public look since his firm’s collapse surprised traders and left collectors going through losses totaling billions of {dollars}.

Elon Musk mentioned he expects a wi-fi mind chip developed by his firm Neuralink to begin human clinical trials in six months, after the corporate missed earlier timelines set by him. The firm is creating interfaces that it says may allow disabled sufferers to maneuver and talk once more

HIGHLIGHTS FROM THE REUTERS NEXT SUMMIT

Canadian Prime Minister Justin Trudeau expressed help for Chinese protestors, whereas BHP CEO Mike Henry mentioned he expects Chinese financial development to proceed regardless of lockdowns

Bank of Korea Governor Rhee Chang-yong mentioned he was able to readjust the tempo of tightening financial coverage

NYSE President Lynn Martin, Nasdaq President Adena Friedman and HKEX Chairman Laura Cha all mentioned the IPO outlook for 2023

U.N. Under-Secretary-General Martin Griffiths mentioned he could be asking for 25% extra assist globally, whereas Japan raised the prospect of a U.N. treaty discussing the manufacturing of plastics