FT News Briefing Tuesday, November 26
Nov 26, 2019
A surge of global takeovers exceeding $70 billion signals aggressive corporate consolidation. Bill Gross predicts a challenging year ahead for U.S. markets. In legal news, a judge rules that Trump’s top advisors must testify before Congress, while Mexico grapples with a technical recession. Uber faces serious hurdles in London, losing its operating license amidst safety concerns and regulatory scrutiny. The implications of these developments are significant for Uber's global operations.
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Merger Mania
- Several large corporate mergers occurred, totaling over $70 billion.
- These deals indicate a booming U.S. market and fading recession fears.
Market Outlook 2020
- Bill Gross predicts tougher times for U.S. stock and bond markets in 2020.
- He believes fiscal and monetary stimulus will lose their impact.
Mexican Recession
- Revised data confirms Mexico is officially in a technical recession.
- Economists attribute this downturn to a lack of investment.