What you need to know on Wall Street today

Donald Trump voters and Hillary Clinton voters are putting their money to work differently post-election.

We've noted that consumer confidence has become highly politicized, with Republicans extremely optimistic about the future of the economy and Democrats' confidence dropping off a cliff.

It appears that has also translated into differing spending habits for each political group.

Fed's target for the first time in nearly five years. President scorecard on the economy could be ugly. And there's a simple reason why the Fed should stop raising interest rates, according to Business Insider's Pedro da Costa.

Elsewhere in economic news, Russia has finally returned to growth. And South Africa's president fired his respected finance minister — and now the rand is tumbling.

In finance news, money-laundering by an unnamed "global financial institution" and some of its employeesJPMorgan is in talks to buy a Dublin office that can hold 1,000 people.

In tech news, Elon Musk is putting himself in an awkward position with Tesla's new vehicles. A key Apple supplier saw its profit explode. And Google's venture capital arm has backed a startup that is developing "biotech superglue."

The world's billionaires are flocking to Miami's luxurious Porsche Design Tower, where they can use an elevator for their cars. Here are the most underrated steaks in NYC. And here's the best Caribbean island for every type of traveler.

THE $1,000 PHONE: The huge problem Apple must solve before it launches the new iPhone - Apple is gearing up to launch what may well be the most hotly anticipated smartphone ever.

TRUMP BOASTS: Manufacturers have never been more confident in the economy -

A major Japanese retailer threatened to leave the US if Trump enforces "made in America" policies -

Nordstrom is thriving amid a death spiral in brick-and-mortar retail - Nordstrom may be one of the only companies to survive the death spiral of traditional brick-and-mortar retailers.

Trump's aggressiveness toward Mexico could be good for everyone but the US -

Houses in New York and San Francisco aren't nearly as expensive as some other parts of the world -

This 33-year-old traveled to every country in the world and made $1.5 million doing it -

The 8 biggest reveals from Baselworld, the year's largest watch show -

What you need to know on Wall Street today

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