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
Samsung Electronics to acquire heating and cooling solutions provider FläktGroup for 1.5 billion euros
A Samsung Group flag flutters in front of the company’s Seocho building in Seoul. Sopa Images | Lightrocket | Getty Images Samsung Electronics on Wednesday announced that it would acquire all shares of German-based FläktGroup, a leading heating and cooling solutions provider, for 1.5 billion euros ($1.68 billion) from European investment firm Triton. Samsung said […]
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CNBC Daily Open: Tame inflation in April banishes stagflation threat for now
People shop at a grocery store in Brooklyn on May 13, 2025 in New York City. Spencer Platt | Getty Images The U.S. Federal Reserve at its May 7 meeting warned that America is facing an increased risk of stagflation — a scenario in which the economy slows or contracts while inflation shoots up — […]
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World
Asia-Pacific markets mostly extend rally on easing U.S.-China tensions
View of the Skytree from Ueno and Asakusa in Tokyo Jackal Pan | Moment | Getty Images Asia-Pacific markets traded mostly higher Wednesday after key Wall Street benchmarks rose on easing U.S.-China trade tensions. Japan’s benchmark Nikkei 225 climbed 0.37% at the open, extending gains after four consecutive positive sessions. South Korea’s Kospi rose 0.78%. […]
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