A SPAC typically raises money to acquire a private company with the purpose of taking it public, allowing such targets to move more quickly to the public markets than via a traditional IPO
The Democratic-led US House of Representatives gave final congressional approval to the measure on Wednesday, handing the Democratic president a major victory in the early months of his term
While a rout in Chinese equities and global concerns about rising Treasury yields have weighed on shares in Asia, the US market is seen getting a boost from an impending $1.9 trillion stimulus plan
(Reuters) - Shares of U.S. gaming company Roblox Corp were set for a jump of up to 60% in its New York Stock Exchange trading debut on Wednesday, which would value the company at more than $46 billion.
10-year US Treasury yield crosses 1.5% again following Powell's comments
US bond market rout eases; shares of cruise liner and hotel operators, and carriers including Carnival Corp, Hilton, Delta Air Lines Inc and American Airlines gained between 1.8% and 4.6%
Video game retailer rose as much as 83% to $168 in New York trading
The economy is a long way from our employment and inflation goals, and it is likely to take some time for substantial further progress to be achieved, he said
"We have not decided what to do there yet and we're actually looking into that right now," Powell said during a hearing before the Senate Banking Committee
Wall Street's main indexes opened lower on Tuesday as investors sold off high-flying growth stocks on valuation concerns ahead of Federal Reserve Chairman Jerome Powell's testimony before Congress
The Dow Jones Industrial Average fell 113.2 points, or 0.36%, at the open to 31381.12
Sensex down 2.4% in four sessions
Wall Street's main indexes hit record highs on Monday, as investors made risky bets on hopes that a fiscal relief package would lead to a speedy economic recovery.
Enforcing against short squeezes should be the first milestone of developing capability in dealing with market abuse
Robinhood, among the fee-free online brokers that are credited with fueling the trades, said late on Thursday it had removed all buying restrictions imposed due to a surge in clearing house deposit re
Alphabet jumped 7.3% as it benefited from lockdowns that drove retail and other advertisers online
A sharp fall in the US markets on Wednesday and weak opening in other Asian markets weighed on sentiment of domestic investors causing the Sensex to drop nearly 900 points in intra-day trade
The Dow Jones Industrial Average rose 74.0 points, or 0.24%, at the open to 30377.19
The Dow Jones Industrial Average fell 43.3 points, or 0.14%, at the open to 30893.78
Of the 84 companies that have posted earnings through Tuesday morning, 86.9% have topped analyst expectations, according to Refinitiv data