Nobel in Economics to Be Awarded, and Big Banks Begin Reporting Earnings

Google plans to unveil an array of new products, and trade and U.S.-China tensions are expected to be discussed at the I.M.F.-World Bank meetings. At least one prominent economist will enter the pantheon of Nobel laureates on Monday, when the Sciences announces the winner of the 2018 Nobel Memorial Prize in Economic Science. In recent years, the Nobel committee has tended to honor economists who focus on the mechanics of individual behaviour, rather than the authors of grand macroeconomic theories. Last year's winner was the behavioral economist Richard Thaler, who was recognized for his work demonstrating that people are predictably irrational that human behavior defies economic theory in ways that are both consistent and foreseeable.