Business

Postelection Stock Market Rise Shocks Prominent Economists

5:06pm November 30, 2016

by Chris Arnold

Before the election, two prominent economists were predicting that the stock market would fall 12 percent lower if Trump won versus Clinton. But, as it often does, the market surprised everybody and went in the other direction.

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Trump Strikes Deal With Carrier To Keep Jobs In U.S.

5:06pm November 30, 2016

by Annie Ropeik

Carrier says it will keep about 1,000 jobs in Indiana instead of shifting production to Mexico. Donald Trump repeatedly singled out Carrier during his campaign and made stopping the move a priority. Now there is great interest in how Trump and Vice President-elect Mike Pence persuaded the company to reverse its decision.

Juana Rivera (left) speaks with agent Fabrizzio Russi about buying insurance through the Affordable Care Act in Miami in 2014.

Millions Of People Are Having An Easier Time Paying Medical Bills

4:37pm November 30, 2016

by Alison Kodjak

The number of people who say they are struggling to pay medical bills has dropped by 13 million in the past five years, a study finds. An improving economy and the Affordable Care Act are why.

Trump's 'Interventionist Approach' To Economic Policy Presents Consequences

4:29pm November 30, 2016

In light of Trump's deal with Carrier to keep jobs in the U.S., NPR's Ari Shapiro talks to Edward Alden, senior fellow with the Council on Foreign Relations and author of Failure to Adjust: How Americans Got Left Behind in the Global Economy, about the consequences of federal government intervention in the private sector.

Mohamed Hamel (from left), the chairman of the OPEC Board of Governors; Mohammed Bin Saleh al-Sada, president of the OPEC conference; and OPEC Secretary General Mohammed Barkindo at a meeting of OPEC in Vienna on Wednesday.

OPEC Agrees To First Cut In Oil Production Since 2008

3:09pm November 30, 2016

by Bill Chappell

With the cut, OPEC's production will drop by 1.2 million barrels daily to 32.5 million barrels. The deal takes effect at the start of 2017.

Wilbur Ross, the president-elect's choice for commerce secretary, tips a "Make America Great Again" cap in the lobby of Trump Tower on Tuesday.

Trump Taps Billionaire Investor Wilbur Ross For Commerce Secretary

1:22pm November 30, 2016

by Jim Zarroli

Wilbur Ross Jr. is a donor and longtime associate of Trump's. Ross has grown rich by buying troubled companies and restructuring them with layoffs and budget cuts.

Tanker trucks drive past an ExxonMobil oil refinery on March 8, 2005, in Joliet, Ill.

Environment

ExxonMobil Vs. The World

10:30am November 30, 2016

by Marcelo Gleiser

Oil companies once led in climate science; if they put a fraction of their profits into the search for alternative renewable fuels, they could ensure our collective well-being, says Marcelo Gleiser.

Donald Trump speaks at his National Doral golf club in Florida. He repeatedly showcased his properties and hotels throughout the presidential campaign.

Trump Says He Will Pull Back From Businesses But Offers No Details Yet

10:28am November 30, 2016

by Scott Detrow

In a series of tweets, President-elect Donald Trump tried to tamp down growing concerns that he will not separate his vast global business interests from his role as head of the U.S. government.

Adviser Steven Mnuchin arrives at Trump Tower in New York on Nov. 17.

Trump Picks Steve Mnuchin To Lead Treasury Department

9:31am November 30, 2016

by John Ydstie

Mnuchin is a hedge fund CEO and longtime Wall Street banker. His involvement in the spike in foreclosures following the housing market's crash could complicate his confirmation.

Steve Mnuchin Expected To Lead Treasury In Trump Administration

9:17am November 30, 2016

Steve Inskeep talks to David Wessel, director of the Hutchins Center at the Brookings Institution and a contributing correspondent to The Wall Street Journal, about Steve Mnuchin's qualifications.

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