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(Bloomberg) -- Samsung Electronics Co. pledged to strengthen its position in the high-bandwidth memory chip market this year, in response to shareholder criticism over its underperformance in the lucrative artificial intelligence arena.Most Read from BloombergNYC Plans for Flood Protection Without Federal FundsDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleA Malibu Model for Residents on the Fire FrontlinesThe Scary Thing About the Wildfire That Was StoppedJun Young-hyun, head

The Federal Reserve is expected to hold interest rates steady on Wednesday, with new economic projections out from policymakers that will show if they still see rates moving lower by the end of the year as they sort through the implications of the first two months of the Trump administration. A new policy statement and the projections will be released at 2 p.m. EDT (1800 GMT) at the end of a two-day meeting focused on how the economic outlook has shifted since President Donald Trump's January 20 inauguration. Fed Chair Jerome Powell is scheduled to hold a press conference a half hour later.

U.S. President Donald Trump will host top oil executives at the White House on Wednesday as he charts plans to boost domestic energy production in the midst of falling crude prices and looming trade wars. The meeting, scheduled to start at 2 p.m. ET (1800 GMT), will mark Trump's first sit-down with oil and gas leaders since returning to the White House for a second term as president in January. It will be part "victory lap" for Trump's early support of the industry, according to one source familiar with the planning of the closed-door event, but executives are also expected to express concerns over Trump imposing tariffs and emphasize the need for higher oil prices to help meet the president's promise to grow domestic production.

(Bloomberg) -- Gold steadied close to a record as geopolitical tensions mounted ahead of a Federal Reserve interest-rate decision.Most Read from BloombergNYC Plans for Flood Protection Without Federal FundsDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleA Malibu Model for Residents on the Fire FrontlinesThe Scary Thing About the Wildfire That Was StoppedBullion hovered near $3,030 an ounce, about $15 below an all-time-high set earlier Wednesday. Russian President Vladimir Putin

Late last year, it seemed like the Federal Reserve had pulled off the unlikely — tamping down the highest inflation in four decades without triggering a recession, an outcome known as a “soft landing.” Now, two months into President Donald Trump’s second term, that historic win could be reversed as a global trade war looms.

The Federal Reserve is widely expected to hold interest rates steady Wednesday as policymakers stay cautious amid the uncertainty of President Trump’s economic policies.

(Bloomberg) -- Indonesia’s central bank kept its key interest rate unchanged for a second straight month, seeking to safeguard the rupiah after concerns about the economy’s outlook triggered a market selloff this week.Most Read from BloombergNYC Plans for Flood Protection Without Federal FundsDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleA Malibu Model for Residents on the Fire FrontlinesThe Scary Thing About the Wildfire That Was StoppedBank Indonesia kept the BI-Rate at 5.75

Elon Musk’s DC power grab hasn’t been the Tesla booster investors were expecting.

(Bloomberg) -- Shares of small US companies, one of the riskiest areas of the stock market, are striking a worrisome note for a vital part of the country’s economy.Most Read from BloombergNYC Plans for Flood Protection Without Federal FundsDespite Cost-Cutting Moves, Trump Plans to Remake DC in His StyleA Malibu Model for Residents on the Fire FrontlinesThe Scary Thing About the Wildfire That Was StoppedThe Russell 2000 Index is solidly in correction territory, down 16% from its peak in 2021, wi

Healthcare companies such as GSK plc and tech companies such as Siemens AG were among the top losers on European markets on Wednesday morning.View on euronews