Supreme Court Climate Case, Fed Minutes, and AI Safety in Focus This Week

This week is shaping up to be a busy one for business, with several key events and announcements on the horizon.

The U.S. Supreme Court begins its next term on Monday, with a high-stakes climate case that could determine whether oil companies can face liability at the state level for climate-related damages.

In another significant development, New York City's City Council will hold a hearing focused on AI safety, with executives from OpenAI, Google, Anthropic, and Meta expected to testify as lawmakers examine the growing impact and risks of artificial intelligence.

The Federal Reserve is also set to release minutes from its September meeting, when policymakers raised interest rates in an effort to curb inflation. Investors will be watching closely for additional clues about the Fed's thinking on inflation, the economy, and the path for interest rates.

Meanwhile, Microsoft is hosting a major Windows event, where it will highlight how local AI will shape the next chapter of personal computing. Microsoft CEO Satya Nadella and NVIDIA CEO Jensen Huang are both confirmed to attend.