Huge divisions at Fed cause market trepidation

The Federal Reserve is deeply divided over its December rate decision as hawkish commentary around the FOMC’s two-day meeting causes jitters among investors. President Trump is set to authorise exports of Nvidia’s H200 chip to ‘approved’ customers in China with 25 per cent of sales to be paid to the U.S. government as part of the agreement. Paramount has launched a last-minute $100bn offer for Warner Brothers Discovery in an attempt to thwart Netflix’s acquisition. Paramount CEO David Ellison says a deal with Neflix could potentially destroy Hollywood.

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