Economy

Economy

Why Do People Pay Good Money For Bad Smelling Truffles?

6:12am November 11, 2016

Truffles are expensive, and they can't be cultivated like other crops — so supply can't increase to meet demand. That means truffle dealing — and truffle smuggling — are a high stakes hustle.

Dow Hits All-Time High As Investors Anticipate Transition To Trump

6:25pm November 10, 2016

by Yuki Noguchi

Thursday trading centered on areas in which the new administration plans to loosen regulations or increase spending. Financials and pharmaceuticals were up, as were defense and infrastructure stocks.

Sen. Chris Dodd and Rep. Barney Frank celebrate as their Dodd-Frank banking regulation bill is signed into law in 2010. President-elect Donald Trump has said he is interested in doing away with it.

Trump Team Promises To 'Dismantle' Dodd-Frank Bank Regulations

5:30pm November 10, 2016

by Marilyn Geewax

For six years, the Dodd-Frank Act has been rolling out rules intended to tame inappropriate risk-taking by banks. The Trump transition team now says the new administration will "dismantle" the law.

The Mysterious Missing Trillions In Donald Trump's Tax Plan

4:25pm November 10, 2016

by Robert Smith

There are two possible versions of a Trump tax plan. He hasn't confirmed which one he plans to pursue. There's a $1.5 trillion difference between the two of them over 10 years.

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In Economy As In Business, Trumponomics May Mean Building Big Things

12:38pm November 10, 2016

by Chris Arnold

In his acceptance speech, Trump pledges investments for U.S. infrastructure, adding a little specificity to his vague campaign promises. Skittish business leaders will watch who he puts on his team.

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Donald Trump's Businesses Pose New Conflict Of Interest Questions

11:57am November 10, 2016

by Jim Zarroli

One issue is what to do with all the businesses he owns. Other newly elected presidents have placed investments in a blind trust, but Trump's business empire is on a completely different scale.

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Trump Has A Chance To Pull U.S. Out Of Climate Accord

10:43am November 10, 2016

by Christopher Joyce

During the campaign, the president-elect said climate change is not real, and he rejected last year's international agreement to cut greenhouse gases.

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What Will A Trump Presidency Mean For China?

10:19am November 10, 2016

by Rob Schmitz

Trump has threatened trade retaliation. And his presidency could herald new instability in the region if he pulls back on the U.S. security umbrella that's been in place since the end of World War II.

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Traders work on the floor of the New York Stock Exchange Wednesday morning, after Donald Trump won a major upset in the presidential election.

Wall Street Rebounds After Donald Trump's Victory

11:21pm November 09, 2016

by Sonari Glinton

U.S. stocks closed up Wednesday in a dramatic reversal from deep losses in post-election overnight trading. Donald Trump's unexpected victory had investors worried about uncertainty in the markets.

Traders watch the speech of Donald Trump, after he wins the U.S. presidential elections, at the Frankfurt Stock Exchange on November 9, 2016 in Frankfurt, Germany.

Episode 734: The Trump Indicators

10:55pm November 09, 2016

Donald Trump is our president elect. We look at three economic indicators to see what they can tell us about a Trump presidency.

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