Here is what you need to know.
President Donald Trump said the AT&T-Time Warner deal is ‘not good for the country’. He made the comments to reporters on the White House lawn, and they came one day after the US Department of Justice sued to block AT&T’s $US84.5 billion takeover of Time Warner.
Meg Whitman is stepping down from the CEO job at Hewlett Packard Enterprise. It was an unexpected announcement that comes several months after she was identified as interviewing for the CEO job at Uber, though she ultimately did not get it. She’ll be replaced by Antonio Neri, currently the president of HPE.
Uber reportedly paid hackers $US100,000 to cover up a cyberattack that exposed the personal data of 57 million people. The data breach, which occurred in October 2016, was not made public until Tuesday when Uber quietly published a blog post about the incident.
Salesforce’s third quarter revenues were up 25% from last year. Earlier in November, the company announced its revenue growth plan and a timeline which includes more than doubling its annual revenues from $US8.4 billion in 2017 to $US20 billion by 2022.
Dash, the fifth largest cryptocurrency, hit a new all-time high. Posts on Reddit and chatrooms like 4Chan suggest that Dash could soon be highlighted as an investment opportunity in Palm Beach Confidential, a cryptocurrency investment newsletter.
Mandalay Bay is in crisis as hundreds of Las Vegas shooting victims accuse hotel of missing red flags. They’re filing lawsuits against the operator of the hotel where the gunman was staying.
A $US9 billion French asset manager is launching Europe’s first bitcoin mutual fund. Tobam, which had $US9 billion in assets under management as of September, plans to launch an unregulated alternative investment fund that will allow institutional investors to gain exposure to bitcoin.
Australia just received another worrying reading on the fragility of household finances. The National Australia Bank’s Cashless Retail Sales Index, a measures of spending patterns from its customers using debit and credit cards, BPAY, and Paypal, grew by just 0.2% last month, leaving the year-over-year increase at 6.5%, the weakest level in the three-year history of the survey.
Stock markets around the world climbed. Hong Kong’s Hang Seng (+0.62%) rose in Asia, while the Nikkei increased (+0.5%). The FTSE 100 (+0.60%) led gains across Europe, which saw the Euro Stoxx 50 rise (+0.42%). The S&P 500 is set to open up 0.1% near 2,599 a day after closing at a record high.
US economic data flows. Initial jobless claims will be released at 8:30 a.m. ET, as will continuing claims and durable goods orders. Bloomberg’s consumer-comfort reading will cross the wires at 9:45 a.m. ET, while the University of Michigan’s sentiment indicator will be released at 10 a.m. ET.
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