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Survey: Small businesses are feeling more optimistic about the economy after the election

A recent survey shows small business owners are feeling more optimistic about the economy following the election. The Uncertainty Index declined 12 points in November to 98, following October’s pre-election record high of 110. NFIB Chief Economist Bill Dunkelberg said small business owners became more certain about future business conditions following the presidential election, breaking a nearly three-year streak of record high uncertainty.

Palm Oil Falls on Weak Malaysia Exports, Competition With Soyoil

(Bloomberg) -- Palm oil fell on concerns about weak Malaysian exports and stiff competition from its main substitute, soybean oil.Most Read from BloombergHo Chi Minh City Opens First Metro Line After Years of DelayOverseas shipments from Malaysia were 8.3% lower during the first 20 days of December from a month earlier, according to data from cargo surveyor Intertek Testing Services. Exports to India, the biggest buyer, slid almost 22%. Demand tends to drop during winter because it solidifies at

US Fed floats major changes to bank stress tests in light of legal rulings

WASHINGTON (Reuters) -The U.S. Federal Reserve said on Monday it was considering major changes to its annual bank "stress tests" in light of recent legal developments, including allowing lenders to provide comment on the models it uses, in a major victory for Wall Street banks. The Fed said it may also allow lenders to provide input on the hypothetical scenarios it uses for the annual bank health checks, and it may also average results over two years to reduce annual volatility in how much capital banks must set aside to absorb potential losses. Created following the 2007-2009 financial crisis, the tests assess whether big lenders could weather an economic shock.

Oil Drifts Lower in Pre-Holiday Trading as Dollar Strengthens

(Bloomberg) -- Oil edged lower in thin pre-holiday trading as the dollar strengthened and Russia’s Druzhba pipeline resumed flows. Most Read from BloombergHo Chi Minh City Opens First Metro Line After Years of DelayThe Architects Who Built MiamiReviving a Little-Known Modernist Landmark in BuffaloNew York’s Congestion Pricing Plan Still Faces Legal HurdlesMexico City to Boost Mobility, Security Ahead of FIFA World CupWest Texas Intermediate slid 0.3% to settle near $69 a barrel while Brent settl

New York Fed’s Tweak to Key Repo Facility Hampered by Its Design

(Bloomberg) -- The Federal Reserve Bank of New York’s plan to conduct additional liquidity operations through the end of the year will provide needed support at a time when funding markets tend to be volatile, though its current framework will limit the effectiveness of the measures. Most Read from BloombergHo Chi Minh City Opens First Metro Line After Years of DelayThe Architects Who Built MiamiReviving a Little-Known Modernist Landmark in BuffaloNew York’s Congestion Pricing Plan Still Faces L