Social Capital Hedosophia Holdings Corp IV and Social Capital Hedosophia Holdings Corp VI will return the funds raised to shareholders, Palihapitiya said in a blog post on Tuesday. The two shell companies were shut down after they failed to complete business combinations by Oct. 14, according to regulatory filings. The firms raised $400 million and $1 billion in initial public offerings in October 2020 and intended to focus on businesses in the technology sector.
Yahoo Finance Video
Yahoo Finance Live anchor Seana Smith looks at which tickers are trending in after-hours trading, including Bitcoin, Ford, and Cognex.
The Wall Street Journal
Challenges for the country include a won that has weakened to levels last hit during the global financial crisis.
Investor’s Business Daily
There are several factors that contributed to these gargantuan moves, but one is surely the classic short squeeze. While there are some new factors at play in the markets today, the short squeeze has been around as long as shorting stock. Here is how the short squeeze works.
JPMorgan Chase & Co Chief Executive Jamie Dimon plans to tell Congress that the U.S. economy faces “storm clouds,” according to prepared testimony. Dimon, who is due to testify alongside major U.S. bank CEOs at congressional hearings Wednesday and Thursday, will outline the competing forces buffeting the nation’s economy. Strong consumer spending and a robust job market suggest resilience, but snarled supply chains, the war in Ukraine, high inflation and the Federal Reserve’s efforts to contain it all signal tougher times ahead, he added.
Marriage can affect how you do your taxes, make money and plan for retirement. If your marriage ends, it’s important to know the rules regarding divorce and Social Security. Who’s eligible for what benefits, how much can you collect and … Continue reading → The post Social Security Rules After a Divorce appeared first on SmartAsset Blog.
(Bloomberg) — Russia’s seaborne crude exports have fallen sharply in the first half of September, hit first by a storm in the Pacific and then by an unexplained decline in shipments from the Baltic. Flows to the big Asian buyers — China and India — aren’t offsetting a drop in volumes for Europe.Most Read from BloombergSouthwest Mexico Struck by 7.5 Magnitude Earthquake, Buildings Sway in CapitalHome-Flipper Opendoor Hit With Losses in Echo of Zillow CollapseMark Zuckerberg’s $71 Billion Wealth
In the second quarter, when markets were losing ground, billionaire hedge fund managers weren’t running away. Shares of SoFi Technologies (NASDAQ: SOFI) shot up after their market debut in late 2020, but the good times didn’t last very long. Billionaire hedge fund manager Philippe Laffont and his fund, Coatue Management, clearly expect better times ahead for SoFi’s stock.
What’s going on in the markets lately? Since the start of this year, we’ve seen a prolonged bearish trend, and now a cycle of high volatility. Investors can be forgiven for feeling some confusion, or even some whiplash, in trying to follow the rapid ups and downs of recent weeks. One important fact does stand out, however. Over the past three months, since mid-June, we’ve see rallies and dips – but the markets have not seriously challenged that mid-June low point. Examining the situation from re
In this article, we discuss the 10 stocks that Jim Cramer is bearish on in September. If you want to read about some more stocks that Cramer is bearish on, go directly to Jim Cramer Is Bearish on These 5 Stocks in September. Jim Cramer, the former hedge fund manager and present host of Mad […]
In this article, we will be taking a look at some of the top stocks in the portfolio of billionaire Chris Rokos. To skip our analysis of Chris Rokos’s profile, investment strategy, and 13F holdings, you can go directly to see the 5 Best Stocks to Buy Now According to Billionaire Chris Rokos. Christopher Rokos, […]
Big-data software company Palantir (NYSE: PLTR) may be the company that benefits the most from these huge global problems. Palantir went public in 2020, and now its stock is at all-time lows. Palantir was founded as a way to gather disparate data and find patterns within huge data sets, borne out of the global “War on Terror.”
Moderna (NASDAQ: MRNA) has been a tremendous growth story in recent years, generating billions in revenue from its COVID-19 vaccine, its first commercial product. President Joe Biden recently said that the pandemic is effectively over, suggesting that demand for COVID vaccines will likely decline significantly next year. There will still be a market for Moderna’s vaccine and booster shots, but the big question is how much it will generate in sales from them.