New Zealand expectedly cuts benchmark rate by 50 basis points as economy struggles

• South Korea unexpectedly reduces benchmark lending rates in first back-to-back cuts since 2009

  This surprised economists polled by Reuters, which expected the BOK to hold rates.
  
  CNBC - 4d

• The Fed just cut interest rates by another 25 basis points—here’s what will get cheaper

  With interest rates declining, borrowing costs for credit cards, personal loans, and auto financing should get a bit cheaper, saving a few bucks on most loans.
  
  CNBC - Nov. 7

• China expectedly keeps benchmark lending rates steady as Beijing assesses stimulus measures

  The People's Bank of China said it would keep the one-year loan prime rate at 3.1%, while holding the five-year LPR at 3.6%.
  
  CNBC - Nov. 20

• Federal Reserve cuts interest rates by a quarter point

  The Federal Reserve approved its second consecutive interest rate cut Thursday.
  
  CNBC - Nov. 7

• Trump chooses Susie Wiles as White House chief of staff

  President-elect chooses his 2024 campaign manager in first appointment to major role in administration
  
  Financial Times - Nov. 7

• How Orbán seized the Trump moment to speak for Europe

  Also in this newsletter: Italy’s second attempt to ship migrants to Albania
  
  Financial Times - Nov. 8

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• Why Amazon sellers and retailers are flocking to TikTok Shop despite looming U.S. ban

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• For big-box retailers, one of the longest-running experiments is shrinking

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• How GE Vernova plans to deploy small nuclear reactors across the developed world

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