WASHINGTON—Federal regulators proposed a bevy of new requirements for special-purpose acquisition companies, or SPACs, and their takeover targets amid widespread concern that the vehicles skirt important investor protections. The Securities and Exchange Commission advanced a set of rules Wednesday that, if implemented, would make it harder for SPACs to raise money from investors and execute […]
US stocks fell and oil prices climbed, as concerns about rising commodity prices and uncertain progress in cease-fire talks between Russia and Ukraine weighed on investors. A selloff accelerated on Wednesday afternoon after major indexes spent much of the day narrowly in the red. That left stocks on track to lose ground in the 2022’s […]
US stocks fell and oil prices climbed, as concerns about rising commodity prices and uncertain progress in cease-fire talks between Russia and Ukraine weighed on investors. The S&P 500 slipped 0.2% in early trading Wednesday, while the tech-focused Nasdaq Composite Index lost 0.2%. The Dow Jones Industrial Average was recently down less than 0.1%. On […]
A cryptocurrency startup that operates a popular online game called “Axie Infinity” said Tuesday that hackers stole more than $500 million worth of cryptocurrency. “Axie Infinity” publisher Sky Mavis Ltd. said on March 23, hackers infiltrated a part of its Ronin Network, which the game runs on. The infiltrators got access to accounts holding cryptocurrencies […]
Nielsen Holdings NLSN 20.31% PLC agreed to sell itself to a group of private-equity firms in a deal that values the media-measurement company at around $10 billion, resurrecting a deal after talks fell apart last week. A consortium led by Elliott Management Corp.’s private-equity arm and Brookfield Asset Management Inc. agreed to pay $28 a […]
US stock indexes rose at the opening and bond yields edged closer to flashing a recessionary warning signal Tuesday. The technology-heavy Nasdaq Composite led the major indexes in early trading, gaining 1.1%, or about 158 points. The Dow Jones Industrial Average gained about 0.8%, while the S&P 500 added 0.7%. On Monday, major indexes rose […]
FedEx Corp. FDX 1.54% founder Fred Smith is stepping down as chief executive of the company he started more than 50 years ago with a few planes and built into a global delivery network that moves millions of packages a day. Mr. Smith, 77 years old, is handing the CEO role to President and Chief […]
Will Smith Monday evening apologized in an Instagram post to comedian Chris Rock for his behavior in Sunday night’s Academy Awards ceremony, which included slapping him on stage over a joke about the Oscar winner’s wife, Jada Pinkett Smith. “My behavior at last night’s Academy Awards was unacceptable and inexcusable,” Mr. Smith wrote. “Jokes at […]
US stocks wavered and bond yields remained near their highest level in three years with investors preparing for a campaign of interest-rate increases from the Federal Reserve. The S&P 500 was up about 0.1% in early trading Monday. Last week, US stocks rebounded for a second consecutive week. The tech-focused Nasdaq Composite rose 0.5%, while […]
When technology stocks tumbled for a fourth straight day in January, Evan Fetter, a 25-year-old in the US military, saw an opportunity to swing for the fences. The trade has been underwater at times, but Mr. Fetter says he hopes to hold the shares until his investment is worth $50,000, at which point he plans […]
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