[NEW:]

Sterling extended losses against the dollar, falling to a six-and-a-half-month low, and pared gains versus the euro after the provisional November U.K. PMI survey came in well below expectations.

[NEW:]The DOJ is requesting that the FCC temporarily halt T-Mobile’s acquisition of UScellular.

The U.S. Department of Justice (DOJ) has requested a pause on the proposed acquisition of UScellular by T-Mobile, pending a national security review. In a filing to the Federal Communications Commission (FCC) dated November 19, 2024, the DOJ expressed concerns over potential foreign participation risks associated with the transaction. T-Mobile, led by CEO Mike Sievert, … Read more