Omnicom is buying Interpublic Group in a stock-for-stock deal that will create the largest ad agency in the world with combined annual revenue of almost $26 billion. The names may be unfamiliar to many Americans, but some of their marketing campaigns are iconic. The combined company will be worth more than $30 billion.
Analysts have an unusual challenge in assessing how CEO Elon Musk’s relationship with President-elect Donald Trump will impact Tesla.
(Bloomberg) -- Wagers in the fed funds futures market on Federal Reserve interest-rate cuts in both December and January have ballooned in size, aided by Morgan Stanley’s endorsement.Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectCloud Computing Tax Threatens Chicago’s Silicon Valley AmbitionsNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampKansas City Looks Back on its Long
Dow Inc. (NYSE:DOW) shares are trading higher on Monday. The company entered into a definitive agreement to sell a 40% equity stake in select U.S. Gulf Coast infrastructure assets to a fund managed by Macquarie Asset Management. Dow anticipates initial cash proceeds of approximately $2.4 billion from the sale of its 40% equity stake, with potential proceeds reaching up to $3.0 billion if Macquarie Asset Management exercises its option to increase its stake to 49% within six months of closing. Th
There are pockets of the market very vulnerable to a dip in risk appetite, says Vanda Research
Bitcoin has crossed the historic $100,000 mark and is now hovering near $99,000. This surge in the leading cryptocurrency has injected renewed optimism across the crypto market, signaling broader acceptance and growth in the sector. Let’s dive into other cryptocurrencies worth watching this week.
Supermicro shares traded higher on Monday after the embattled server maker said it had received an extension until February from the Nasdaq to file its delayed annual report. Monitor these key chart levels.
Total crypto market cap jumped 45% in November, in the best monthly return to-date, the report said.
China-focused exchange-traded funds (ETFs) and stocks of Chinese companies listed on U.S. exchanges jumped Monday, after the country’s top leaders announced plans to loosen monetary policy and expand fiscal spending next year.
Salvadoran merchants reportedly will no longer be compelled to accept bitcoin as a means of payment anymore.
