Markets
- Delivery Hero stock jumps 6% as food delivery giant mulls strategy; European shares mixed - European stocks were mixed on Wednesday as global investors gear up for the U.S. Federal Reserve's interest rate decision.
- China consumer inflation hits near two-year high despite deeper-than-expected producer deflation - Economists warned that deflationary pressure on the world's second largest economy will persist into next year, calling for fresh policy stimulus to spur demand.
- Hassett likely next Fed chair, but most think Trump should nominate someone else, CNBC Fed survey shows - The December survey shows 84% believe President Trump will tap Hassett, director of the National Economic Council, to head the central bank.
- Apple gets a big price target hike, and Wells Fargo plants a big dealmaking flag - Citigroup raises its price target on Apple stock. Wells Fargo wants to become a top player in Wall Street dealmaking.
- The Fed decision is expected to feature a rate cut and a lot more. Here's what to expect - The central bank is poised to deliver its third straight interest rate cut Wednesday, while firing a warning shot about what's ahead.
- Corporate America is upbeat on economy, but less so on President Trump's handling of it: CNBC CFO survey - A majority of CFOs are optimistic on the economy and see no recession in 2026, but their view of Trump's handling of the job of president is lukewarm at best.
- Saudi Arabia eyes data embassies amid sovereign AI push. Here's what we know so far - Only two data embassies currently exist, but Saudi Arabia is looking to make them commonplace.
- Trump's pivot on Nvidia chips gives China a leg up over the U.S. in AI race, analysts say - In the hours after U.S. President Donald Trump said Nvidia can sell a more advanced chip to China, several analysts said the move would give Beijing
- Trump ban on wind power projects overturned by federal judge - Seventeen states led by New York Attorney General Letitia James sued Trump in May to overturn the president's ban.
- Asia-Pacific markets mostly lower following Wall Street losses ahead of Fed rate decision - The U.S. Federal Reserve starts its meeting Dec. 9 stateside, with the decision expected on Dec. 10.