Adnan Rasheed

Consumer confidence fell sharply in November, reaching its weakest point since April as Americans grew more anxious about job security and the broader economic outlook.  The latest reading from the Conference Board showed widespread unease across income groups, with declining expectations for business conditions, employment prospects and household income. The Conference Board’s monthly Consumer Confidence … Read more

The European Union’s antitrust regulator on Monday unconditionally approved Omnicom Group’s $13.25 billion all stock acquisition of rival Interpublic Group, clearing the way for the merger of two of the world’s largest advertising agencies.  The deal, first announced in December, combines the third largest ad buyer, Omnicom, with the fourth largest, Interpublic, creating a global … Read more

BEIJING — Bitcoin mining in China is quietly resurging four years after Beijing imposed a sweeping ban on cryptocurrency activity, as miners in energy rich western provinces exploit low cost electricity and a boom in private data centers.  The rebound, supported by industry trackers and equipment makers, has pushed China back into the top ranks … Read more

LONDON — Global stocks climbed Monday while the dollar slipped as investors grew more confident that the Federal Reserve could move toward a December Fed cut, even as policymakers remain split on the timing of further easing.  The cautious optimism set the tone for an event heavy week that includes US retail sales data, producer … Read more