Hope versus reality: That’s the mood among market watchers as we count down to the Fed’s interest rate decision.
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CNBC Daily Open: Hoping for a 50-basis-point cut
World
Trump meets Syrian leader in Saudi Arabia the day after announcing end of U.S. sanctions
The leader of Syria’s Islamist Hayat Tahrir al-Sham (HTS) group that headed a lightning rebel offensive snatching Damascus from government control, Abu Mohammed al-Jolani, addresses a crowd at the capital’s landmark Umayyad Mosque on December 8, 2024. Abdulaziz Ketaz | Afp | Getty Images U.S. President Donald Trump met with Syrian leader Ahmed al-Sharaa in […]
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Embattled Burberry to cut 1,700 jobs amid turnaround
An Equestrian Knight Device logo on a flag outside the Burberry Group Plc luxury boutique in London, UK, on Tuesday, May 13, 2025. Bloomberg | Getty Images Burberry on Wednesday announced a slew of organizational changes, amid continued turnaround efforts at the embattled luxury house. The company said the measures could lead to a “reduction […]
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European stocks poised to open lower despite easing U.S.-China tensions
The UK wants to crack down on foreign workers. Businesses worry Brits can’t — or won’t — fill the labor gap CNBC’s Holly Ellyatt reported this morning that British businesses are concerned about a labor shortage arising from U.K. government plans to tighten immigration policy. The British government on Monday announced plans to cut migration to […]
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