Stocks Fall as Wall Street’s Election Enthusiasm SubsidesThe post-election rally has lost steam, with the S&P 500 down 2 percent for the week. But major stock indexes are still up since Election

Source: Fact Set By The New York Times

By Danielle Kaye
Nov. 15, 2024

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.

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Stocks Fall After Fed Comments, Strong Retail Sales Data

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.

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Why Germany is plotting to break its cardinal economic rule

The country’s next chancellor is ready to rip up the rulebook to save the economy Tim Wallace Deputy Economics Editor

Tim Wallace

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16 November 2024 8:00am GMT

Merz and Scholz
Friedrich Merz, left, has previously defended the debt brake when Olaf Scholz wanted to borrow more

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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Cryptocurrency Kiosks Ahead of Eagerly Awaited ETF DecisionPhotographer: Milan Jaros/Bloomberg

US Securities & Exchange Commission/Washington DC


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Before it’s here, it’s on the Bloomberg Terminal

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.

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US-China trade war could hit UK exports by $10.7bn in two years

Thursday November 14 2024, 4.40pm GMT, The Times

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

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Uncle Elon vs. Uncle SamMusk downsized Big Tech. Can he do the same to Big Government?

Elon musk coming out of a sliced up $100 bill

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.

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Traders chase post-election stock gains in US options market

November 15, 20245:21 AM PSTUpdated 2 days ago

Traders work on NYSE floor

By Saqib Iqbal Ahmed

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.

REUTERS/Andrew Kelly/File Photo Purchase Licensing Rights, opens

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Trump picks fracking firm CEO Chris Wright to be energy secretary

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)

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