Wall Street Breakfast Google Payment Counters CFPB Oversight with Lawsuit
Dec 9, 2024
Google Payment is fighting back against CFPB oversight with a bold lawsuit. Apollo Global Management and Workday are making their way into the S&P 500. A massive merger between Omnicom and Interpublic is on the horizon. Meanwhile, Black Friday and Cyber Monday spending is showing robust numbers, hinting at consumer confidence. Plus, there's speculation on the future of the Roaring Kitty effect in the markets. Buckle up for some major financial shifts!
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CFPB Scrutinizes Google Payments
- The CFPB is increasing its oversight of Google Payments due to potential consumer risks.
- Google, however, disputes the CFPB's claims and has initiated a lawsuit, alleging overreach.
S&P 500 Shakeup
- Apollo Global Management and Workday are joining the S&P 500, replacing other companies.
- Several other companies are also shifting within the S&P SmallCap 600 and MidCap 400 indices.
Omnicom-Interpublic Merger
- Omnicom and Interpublic, two advertising giants, are reportedly nearing a mega-merger.
- The combined entity would surpass WPP to become the world's largest advertising company.