INDIANAPOLIS (WISH) — Here’s a look at Wednesday’s business headlines with Jane King; Here he discusses Trump’s election victory sparking a stock market backlash and Meta having to pause an AI data center project due to the discovery of bees.

Central Bank may reduce interest rates again

The Fed starts its two-day meeting today. They are expected to lower interest rates again. This time by a quarter point.

Economists expect another quarter-point rate cut in December and possibly similar moves next year. Over time, interest rate cuts tend to lower borrowing costs for consumers and businesses.

Trump’s election victory triggered market reaction

Stock futures are on the rise. Wall Street is reacting to the victory of Donald Trump, who was declared the winner of the presidential election around 1:45 a.m. ET.

Investors believe his administration will reduce regulations and taxes and be more business-friendly.
Bitcoin reached a new record, briefly rising above $74,000.

It is generally believed that Trump will support Bitcoin and help chart the future of the cryptocurrency.

Chinese stocks fell after Trump threatened tariffs on Chinese companies. Also, solar stocks are in decline.

Climate concerns carry the biggest weight for consumers

Climate is at the top of consumers’ list of concerns about the future.

A report by the Nuremberg Institute for Market Decisions found that 27% of Americans say environmental and climate protection will be the most critical challenge to overcome in the near future; This dwarfs other concerns such as immigration, healthcare, and even the cost of living crisis.

But when we look at the last two years, we see that the number of Americans who see climate as a current issue has actually fallen from 25% to 19%.

‘Doomsday spending’ is big business for Americans

Nearly 27% of surveyed consumers are engaging in “doomsday spending” (spending cash despite concerns about the economy and foreign affairs), according to a new report by Intuit Credit Karma.

More than half of Americans surveyed, 60%, are more concerned about the state of the world and economy than they were a year ago.

Financial analysts say shoppers may be looking for a “sense of control,” especially during a time when many things feel out of your control.

Meta is forced to shut down her nuclear-powered AI data center after a scientific discovery.

Blame it on the bees!

The Financial Times reports that a rare bee species is found in the region and the region must now be protected.

Despite plans to increase spending and build more data centers, Mark Zuckerberg told employees that bees would complicate the proposed center.