SPACS, or special purpose acquisition companies, are a hot-ticket item on Wall Street. Retail investors are taking part in the frenzy. The number of SPAC IPOs quadrupled in 2020. They're on pace to quadruple again in 2021. There are reasons for caution, according to financial experts. Investors seem to be chasing past returns and buying star power of managers like […]

FILE PHOTO: A Wells Fargo logo is seen in New York City, U.S. January 10, 2017. REUTERS/Stephanie Keith(Reuters) – Fed officials have privately signaled to Wells Fargo & Co that they have accepted its proposal for overhauling risk management and governance, Bloomberg News reported bit.ly/37nGqHq on Wednesday, citing people with knowledge of the matter. Shares in the lender jumped 6% […]

LONDON (Reuters) – The COVID pandemic has added $24 trillion to the global debt mountain over the last year a new study has shown, leaving it at a record $281 trillion and the worldwide debt-to-GDP ratio at over 355%.FILE PHOTO: Buildings are seen in the Canary Wharf business district, amid the outbreak of the coronavirus disease (COVID-19), in London, Britain […]

YouTube is bringing the beta version of a short-form video service to the U.S. in March. That news and other tidbits came in a blog post by chief product officer Neal Mohan, in the first installment of a new, behind-the-scenes series about technology and product development at the video operation. Shorts, which is now in beta in India, has seen […]

Gumtree share their top tips for buying second-hand cars When you subscribe we will use the information you provide to send you these newsletters.Sometimes they’ll include recommendations for other related newsletters or services we offer.Our Privacy Notice explains more about how we use your data, and your rights.You can unsubscribe at any time. The Competition and Markets Authority (CMA) said […]

New York (CNN Business)Americans are spending less on their credit cards since the pandemic started. But, unlike other economic data points that are inching towards recovery, such as retail sales or the unemployment rate, credit card spending remains in decline. Consumer spending is the backbone of the US economy and accounts for some two-thirds of economic activity. So if Americans […]

Cathie Wood, the founder of ARK Invest, has amassed legions of obsessed followers. Wood has become a favorite of the Wall Street Bets crowd, and successfully kept control of her firm. Now, with assets accumulating and new funds coming out, the question is, can she sustain her success? Visit the Business section of Insider for more stories. So far, this […]

Bitcoin has been on fire ever since Musk announced that Tesla had bought $1.5 billion of the cryptocurrency, and that his electric-vehicle company would accept bitcoin from buyers. The price and volume of bitcoin have surged in the domestic market after Tesla Chief Executive Officer Elon Musk’s announcement of investment in the cryptocurrency, according to Indian exchanges. Bitcoin has been […]

(Reuters) – Marriott International Chief Executive Officer Arne Sorenson, who was undergoing treatment for pancreatic cancer, has died, the company said on Tuesday. The first non-family member to head the hotel chain, Sorenson, 62, had earlier this month stepped back from full-time role to treat the cancer that was diagnosed in 2019. Marriott said he died on Monday and that […]