Italy’s rejection of constitutional reform and the resignation of Prime Minister Matteo Renzi are far from being a Brexit-style shock. Markets got this one right. But even more political uncertainty is the result. Italian bonds remain in the crosshairs.
As Republicans gear up to overhaul the federal health law, they face pushback from a couple unexpected corners over one of their goals: Giving health insurers greater ability to sell policies to consumers across state lines.
U.S. monetary policy will take center stage early in the week, with three Federal Reserve officials speaking ahead of the central bank’s December meeting, and any repercussions of Sunday’s referendum in Italy on changes to the government there will be watched for broader effects through Europe.
Ginni Rometty, CEO of IBM, a company criticized by President-elect Donald Trump for moving jobs overseas, was named as one of 16 business leaders who will advise Mr. Trump as he implements his plan to stem the outflow of U.S. jobs.
Donald Trump criticized Rexnord for its plans to move a factory from Indianapolis to Mexico, the second time the president-elect has pressed an attack against a U.S. company set to shift production abroad.
The Obama administration said it had denied a permit needed to complete the last leg of an oil pipeline across the Midwest, prompting cheers from opponents but warnings that the move could be short-lived since President-elect Donald Trump supports the project.
President-elect Donald Trump and his emerging team are confident their proposed tax cuts and regulatory rollbacks will spark a dramatic upswing in economic growth. Two forces will make that tough: an aging population and stagnant productivity.