The stock market’s euphoria in the immediate aftermath of Donald J. Trump’s win in the presidential election has waned, with investors pondering mixed signs of what could come next for the U.S. economy.
Boston Fed President Susan Collins says a December rate cut isn’t a ‘done deal’
By Nick Timiraos
Updated Nov. 15, 2024 5:13 pm ET
Boston Fed President Susan Collins. Photo: Andrew Harrer/Bloomberg News Stocks fell Friday, following a solid retail-sales report that could bolster the case that the economy is strong and may not need support in the form of lower borrowing costs.
Separately, a Federal Reserve official said it was too soon to say whether the central bank should cut interest rates at its meeting next month.
In one casual sentence, Friedrich Merz upended Germany’s economic policy.
Addressing the debt brake, a strict legal limit on borrowing introduced by Angela Merkel in 2009, Merz told a conference last week: “Of course, you can reform it.”
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By Merryn Somerset Webb November 15, 2024 at 10:30 PM PST
You’re reading the Merryn Talks Money newsletter. Micro to macro thoughts on your money and investments every week from Bloomberg UK Wealth’s editor-at-large.
However, Capital Economics says UK economy would not be that exposed to Trump tariffs, given trade between the UK and the US in goods is broadly balanced. Tom Saunders, Business reporter
China Economics There would be a 1.2 percentage point hit to US growth in 2025-26, with inflation increasing by 0.6 of a percentage point, if Trump enacts the highest level of tariffs, Allianz Trade has forecast
XAOC/Getty, The Washington Post/Getty, Takamura/Getty, Tyler Le/BI
Amanda Hoover Nov 17, 2024, 1:05 AM PST
Last week, Donald Trump announced the creation of the Department of Government Efficiency, which promises to “dismantle government bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure Federal Agencies.” And to run the new cost-cutting department, Trump tapped the businessman he calls the world’s “greatest cutter” — Elon Musk.
A screen displays the Dow Jones Industrial Average (DJI) at market close, after Republican presidential nominee Donald Trump became U.S. president-elect, at the New York Stock Exchange, in New York City, U.S., November 6, 2024.
The executive has taken a defiant approach to fighting climate change by attacking policies that call for a shift from fossil fuels.
Updated November 16, 2024 at 6:43 p.m. EST | Published November 16, 2024 at 5:01 p.m. EST
By Evan Halper, Maxine Joselow, Maegan Vazquez and Josh Dawsey
Liberty Energy CEO Chris Wright, center, talks with NYSE Group President Thomas Farley on the floor of the New York Stock Exchange when the company became publicly traded in January 2018. (Lucas Jackson/Reuters)
Bitcoin hit a record high at $93,445 on Wednesday.
Bitcoin has kept refreshing all-time highs over the past few days, leading to increased investor interest but also concerns whether it would be too late to join the game.