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Wall St posts sharp November gains; S&P 500 flat on day
– nytimes.com/services
U.S. stocks ended with big gains for November on Wednesday thanks to a sharp post-election rally, but the S&P 500 finished the day flat as drops in utilities and technology offset energy’s surge. Bobbi Rebell reports.
ANZ Bank increasing caution on property lending
– nytimes.com/services
Australia and New Zealand Banking Group Chief Executive Shayne Elliott says his bank has become more cautious about lending to apartment developers and buyers due to concerns about overdevelopment and stagnant household incomes. Ross Miklaszewicz reports.
Ross and Mnuchin are relatively safe choices – analyst
– nytimes.com/services
President-elect Donald Trump picks ex-Goldman Sachs Steven Mnuchin to lead the U.S. Treasury Department and billionaire Wilbur Ross for the Commerce, and Wall Street breathes a sigh of relief, says an analyst. Bobbi Rebell reports.
What It Takes to Open a Bookstore
– nytimes.com/services
This may be the ultimate book nerd’s fantasy, but it’s also hard work. We talked to some Brooklyn experts.
By Elizabeth Garone Every iconic franchise began somewhere. Every one started with a single store opening its doors to a public that had never heard of it and didn’t know what to expect. These entrepreneurs had no idea what they were launching—and no inkling that their concept would take the world by storm…
OPEC agrees to cut production
– nytimes.com/services
The oil cartel agreed to curb output for the first time in eight years. And this time, even non-OPEC producers like Russia are pitching in, as Fred Katayama reports.
