Markets

• 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.
• Berkshire Hathaway's Todd Combs, investment lieutenant to Buffett and Geico CEO, is leaving for JPMorgan - MarketsBerkshire Hathaway's Todd Combs, investment lieutenant to Buffett and Geico CEO, is leaving for JPMorganPublished Mon, Dec 8 20256:04 AM ESTJohn Melloy@j
• BlackRock bets on ‘pick and shovel’ trade, singling out clear winners in AI spending spree - Powell noted that leading tech firms have only begun to tap debt markets to fund the next phase of AI expansion, suggesting additional capital is on the way.
• Ray Dalio says Middle East is becoming a 'Silicon Valley of capitalists’ - The UAE and Saudi Arabia have this year launched multibillion-dollar initiatives to build cloud, data centers and other AI infrastructure.
• China's exports rebound in November, massively beating expectations after U.S. trade truce - China's exports jumped more than expected in November as manufacturers rushed to ship out inventory on the back of a trade deal Beijing struck with Washington.