CNBC Daily Open: The markets are living in Trump’s world for now
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here .
Rates to come down "gradually"
U.S. Federal Reserve officials anticipate lowering interest rates "gradually" to "a more neutral stance," minutes of the Fed's November meeting showed. That's contingent on inflation continuing to "move down sustainably to 2 percent and the economy remaining near maximum employment" in line with Fed officials' expectations.
Markets move past tariff threats
Markets in the U.S. moved past President-elect Donald Trump's threat of more tariffs to scale new highs on Tuesday. The S&P 500 and Dow Jones Industrial Average closed at record highs. Asia-Pacific stocks were mixed on Wednesday. China's CSI 300 rose around 1.5%, while the country's industrial profits slumped by 10% from a year ago.
Leadership reorganization in Samsung
Samsung Electronics shuffled its leadership, the company announced on Wednesday. Jun Young-hyun is now Samsung's co-CEO and head of the memory chip arm — Jun issued an apology in October after the South Korean firm posted disappointing third-quarter guidance. Other changes in leadership include the president and chief technology officer of the foundry business.
OpenAI gets $1.5 billion investment from Softbank
Softbank is investing $1.5 billion in OpenAI, two people familiar with the matter told CNBC. As part of the deal, OpenAI is allowing current and former employees to sell shares up to roughly the same amount. Softbank had previously invested $500 million into OpenAI, but founder and CEO Masayoshi Son wanted a larger stake in it, according to one