Breaking News: Markets
- Southwest CEO says airline 'actively pursuing' network of airport lounges - Southwest's CEO said the carrier is weighing a network of airport lounges
- ‘Greetings, earthlings’: Nvidia-backed Starcloud trains first AI model in space as orbital data center race heats up - The company's Starcloud-1 satellite is running Gemma, an open model from Google, marking the first time in history that an LLM has been trained in outer space.
- Trump to start final Fed chair interviews beginning with Kevin Warsh - President Donald Trump will begin the final interviews of candidates for the Federal Reserve chair this week, putting back on track the formal selection process that began this summer.
- 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.
- 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 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.