What’s News
Obama, Trump Meet as Transition Begins
President Barack Obama and president-elect Donald Trump address the public after a meeting at the White House on Thursday. Photo: Reuters
Trump says he will seek president’s counsel in future
President-elect Donald Trump said at his first meeting with President Barack Obama that he has “great respect” for the president. 1321
In Depth
Trump Team Considering Jeb Hensarling as Treasury Secretary
Transition Team Combines GOP Traditionalists, Outsiders
Charles Schumer Takes on Role of Democrats’ Defender
Trade, Not Immigrants, May Have Been Voters’ Key Motivation
Kellyanne Conway Says She Has Been Offered White House Job
GOP Sees State-Level Gains
Dow Climbs to a Record
Investors are doubling down on a bet that Republican control of the White House and Congress would boost fiscal spending and increase the prospects of tax cuts.
Bond Yields Jump, Dow Hits Record
A selloff in government bonds picked up more momentum Thursday, spreading across the world as investors reacted to the prospect of increased fiscal stimulus under a Donald Trump presidency. 67
Trump’s Drive to Redo Nafta Will Run Headlong Into Globalized Car Industry
The tens of thousands of parts that make up a vehicle often come from multiple producers in different countries and travel back and forth across borders several times. Trump has vowed to renegotiate the 1994 trade pact.
Transition Team Vows to ‘Dismantle’ Dodd-Frank Law
Trump’s transition team is promising to “dismantle” Dodd-Frank , the Obama administration’s signature response to the financial crisis. 173
Trump’s Foreign-Policy Stances Sow Uncertainty
The election of Donald Trump throws into doubt fixtures of America’s foreign policy and military posture. 61
U.S. Allies in Asia Work to Keep Security Pacts After Trump Win
The heads of Australia, Japan and South Korea called Trump to plug their alliances after the president-elect expressed a willingness to overturn security arrangements.
Analysis
Europe’s Hopes and Fears
Europe’s foreign-policy establishment worries the U.S. might seek a rapprochement with Russia.
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JOIN NOWOPEC Oil Output Expected to Remain High: IEA
OPEC’s oil production rose to record highs in October and is expected to remain elevated this month, a top industry watchdog said, highlighting the challenge the cartel faces in hammering out a plan to cut output later this month.
Wells Fargo Found Issues With Its Ethics Line
Wells Fargo Chief Executive Timothy Sloan said during a town-hall meeting that the bank found “some instances” where reports by employees of bad behavior to its ethics line weren’t handled appropriately.
Trump Victory Casts Clouds Over Fiduciary Rule
New retirement rules set to take effect next year are now in jeopardy after Donald Trump’s upset presidential election win, leaving financial advisers unsure on how to proceed with implementation.
Belize Is Trying to Restructure $530 Million of Bonds
Belize is in talks to restructure $530 million of bonds, citing serious economic and financial challenges facing the country.
Department Stores Struggle With Declining Sales
Two of the country’s biggest department stores, Macy’s and Kohl’s, posted another quarter of declining sales as the chains struggle with changing shopping habits and competition from discount rivals.
Fitbit Says It Hasn’t Received Any Takeover Offer
Fitbit Inc. on Thursday said it has not received a takeover bid, following a U.S. Securities and Exchange Commission filing that said a Chinese firm was bidding on some shares.
Disney Results Disappoint as Cable Revenue Declines
Disney reported that revenue and earnings fell short of expectations in the third quarter as weakness at its cable operations, including ESPN, dented the top line.
Law Firms Arnold & Porter, Kaye Scholer Set to Combine
Prominent East Coast law firms Arnold & Porter LLP and Kaye Scholer LLP are set to combine, the latest example of consolidation in a legal market struggling with tepid demand.
Mansion
Modern is often used interchangeably with contemporary to describe home styles. Generally speaking, modern homes have simple lines, while contemporary homes include more pops of color. Photo: Joshua Fletcher for The Wall Street Journal
Modern or Contemporary: What’s the Difference in Home Styles?
Defining the two home styles is tricky because of overlapping traits. But when it comes time to sell, modern homes have higher asking prices than contemporary ones.
World
More Migrants Dying in Trip Across the Mediterranean
The treacherous migrant route across the Mediterranean Sea— already the world’s most lethal in 2015—has killed even more people this year, even as far fewer are attempting the crossing to Europe.
Brazil Graft Probe at Risk, Prosecutor Says
Brazilian politicians are stepping up efforts to impede the country’s biggest-ever corruption probe, say prosecutors leading the investigation, as a power struggle intensifies between the country’s legislative and judiciary branches.
The legal, recreational use of marijuana passed in four states on Tuesday with another three states passed it for medicinal use. Photo: Getty
California Voters Reject Repeal of Death Penalty and Legalize Marijuana
California voters enacted a series of big-ticket policies at the ballot box Tuesday, extending higher taxes on the state’s top income earners and embracing legal marijuana.
Former Illinois Rep. Aaron Schock Indicted on 24 Counts
A federal grand jury on Thursday indicted former Rep. Aaron Schock on 24 counts, including filing false tax returns, fraud and theft of government funds.
Affordable Care Act Enrollment Surges Following Trump Election
The government on Thursday reported a surge in people picking plans on the Affordable Care Act’s federal exchange on the day after voters elected presidential candidate who has pledged to repeal the law.
A Final Bow From Ralph Gardner
In Ralph Gardner Jr.’s last Urban Gardner column, he writes about a toy store and how the joy it brings is not unlike the pleasure he has gotten from doing this job for the past six years.
Video
Donald Trump to Chart a New Course on Energy and Climate
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Carbon Copy Brexit: Trump Victory Mirrors Farage's EU Fight
4:11
Trump's Win Signals Likely End of 'Obamacare'
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Off Duty Travel
Breakfast Tacos: The 5 Best Places to Find Them in Austin, Texas
Here’s how to track down the brightest, heartiest breakfast tacos in Austin, from favorite food trucks to leafy courtyards
The Middle Seat
When United Bumped This Flier, He Fought Back
What’s in Your Bag?
What a Veteran Brings to the Backwoods of Montana
Music
What Is OK—and What Isn’t—at Concerts
Is it OK to stand—or dance—at a concert if everyone else is sitting? In an increasingly virtual world, live performances have become an etiquette minefield.