Here are five things you must know for Monday, Nov. 27:
New York Federal Reserve Bank President William Dudley is scheduled to speak about the "U.S. Economy: 10 Years after the Crisis" at an event held by the University of California - Berkeley, in New York at 7 p.m.
European stocks traded higher, as investors continued to extend global equity market values amid coordinated economic growth, robust corporate earnings and accelerating consumer confidence.
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If merged in 2016, Meredith estimated the combined company would have had sales of $4.8 billion and adjusted earnings before interest, taxes, depreciation and amortization of $700 million. Meredith said it believes it could ring out $400 million to $500 million in synergies within the first two years of operations likely through staff consolidation.
In addition to securing $3.55 billion in new financing from a consortium of RBC Capital Markets, Credit Suisse, Barclays and Citigroup, Meredith scored a $650 million preferred equity commitment from Koch Equity Development, an investment fund backed by conservative-leaning billionaires Charles and David Koch.
Meredith said KED won't have a seat on its board and won't have influence on its editorial or managerial operations.
For the Koch Brothers, buying into a combined Meredith-Time would mark their first foray into the media business.
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Online prices at Walmart Stores Inc. (WMT) are nearing that of Amazon for the first time on Cyber Monday, according to a new study, as the battle for consumers over the biggest shopping days of the year continues.
4. -- Bitcoin prices look set to test the $10,000 barrier this week after hitting another all-time high in overnight Asia trading on Monday amid a global rush into cryptocurrencies that has lifted overall values past $300 billion.
Bitcoins were 2.25% higher in London trading on the bitsmap exchange and changing hands at $9,433 each after having hit a record $9,687 earlier in the session. The jump comes just eight days after bitcoin topped $8,000 and only one day after breaking the $9,000 mark. The gains extend bitcoin's year-to-date advance past 870%. The digital currency now trades at 7.5 times the price of gold, after having traded $200 below the bullion on Jan. 1.
Coinbase, the biggest bitcoin exchange in the U.S., said it had added around 100,000 accounts, or "wallets" in the days leading up to and over the Thanksgiving weekend, taking the total to around 13.1 million as consumers appeared to favor the digital currency as either a holiday gift or a means with which to make Black Friday purchases.
Bitcoin's chief rival, ethereum, also hit a record $475 each, taking its so-called market cap to around $46 billion, giving the entire spectrum of digital currencies a global value of more than $300 billion.
GE said the partnership will help drive lower radiation doses for patients, faster exam times and higher quality medical imaging.
"Healthcare is changing at remarkable speed, and the technologies that will transform the industry should reflect that pace," said Kieran Murphy, president and CEO of GE Healthcare in a statement. "By partnering with Nvidia, GE Healthcare will be able to deliver devices of the future -- intelligent machines capable of empowering providers to improve the speed and accuracy of diagnoses for patients around the world."
For Nvidia, the deal is another feather in its cap in a year that has seen its stock price skyrocket 112%. The deal highlights efforts by the healthcare community to tap artificial intelligence to improve patient care.
Nvidia and General Electric are holdings in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer buys or sells NVDA and GE? Learn more now.
This story has been updated from 6:05 a.m. ET.
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