Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 31, 2018. Brendan McDermid | Reuters Things are getting weird in the sizzling SPAC market. A leisure SPAC is now doing a biotech deal, while a cannabis blank-check company ended up merging with a space company. Sponsors are
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U.S. stock index futures were little changed during overnight trading on Wednesday, after stocks finished the session in the red across the board. Futures contracts tied to the Dow Jones Industrial Average slid 4 points. S&P 500 futures and Nasdaq 100 futures declined 0.05% and 0.01%, respectively. Stocks posted heavy losses during regular trading as
One top strategist is calling the tech slump a major buying opportunity. According to Oppenheimer Asset Management’s John Stoltzfus, the group will rebound because it plays a key role in the economy’s reopening. He cites the critical support tech companies provide to consumers and every sector of corporate America. “We see the rollover in the
Britain’s Chancellor of the Exchequer Rishi Sunak takes part in a national “clap for carers” to show thanks for the work of Britain’s National Health Service (NHS) workers and frontline medical staff around the country as they battle with the coronavirus pandemic, on the steps of the Foreign and Commonwealth Office (FCO) on April 16,
A virtual art piece titled “Everydays: The First 5000 Days.” Created by digital artist Beeple, it’s the first NFT-based work of art to go on auction at Christie’s. Christie’s From art to sports trading cards, people are spending millions of dollars on digital collector’s items. These crypto collectibles, known as NFTs, have exploded in popularity
A man plays a game on a smartphone. Brent Levin | Bloomberg | Getty Images Mobile game developer AppLovin is poised to become the latest online game provider to hit the public markets, joining a crop of companies to capitalize on a surge in usage during the pandemic. In its IPO prospectus on Tuesday, AppLovin
People line up to receive free food donations Nov. 19, 2020 outside the St. Charles Borromeo Church in New York. Robert Nickelsberg | Getty Images News | Getty Images It’s been almost a year since the pandemic upended the labor market and hurtled millions into unemployment. Normally, that demarcation line would spell trouble: States re-calibrate
A Nio Inc. ES6 electric SUV at a battery swap station inside a parking lot in Shanghai on March 1, 2021. Qilai Shen | Bloomberg | Getty Images BEIJING — Chinese electric car start-up Nio said Tuesday a global chip shortage will force it to manufacture fewer cars in the second quarter. High demand for
A trader working after the Nasdaq opening bell ceremony on April 18, 2019 in New York City. Kena Betancur | Getty Images Check out the companies making headlines after the bell on Monday: Zoom Video – Shares of the video communications company popped 8.5% on the back of better-than-expected fiscal fourth-quarter results. Zoom earned $1.22
A view of the Exxon Mobil refinery in Baytown, Texas. Jessica Rinaldi | Reuters This is breaking news. Check back for updates. Activist investor Jeff Ubben will join Exxon Mobil’s board of directors, sources told CNBC’s David Faber. Mike Angelakis, the chairman and chief executive officer of Atairos and former CFO of Comcast, is also