SPACs stands for Special Purpose Acquisition Companies. A SPAC is a company without commercial operations and is formed strictly to raise capital through an initial public offering (IPO) for the purpose of acquiring or merging with an existing company. The SPACs concept includes US companies that went listed in the form of SPACs.
Virgin Galactic Eyes Reverse Stock Split in Bid to Stay on NYSE
(SPCE) - Analyzing Virgin Galactic Hldgs's Short Interest
Virgin Galactic Hldgs's (NYSE:SPCE) short percent of float has risen 10.62% since its last report. The company recently reported that it has 93.69 million shares sold short, which is 25.52% of all reg
What's Going On With EV-Maker Nikola's Stock?
Nikola Corporation (NASDAQ:NKLA) shares are trading lower Wednesday, and the stock is down by more than 33% over the past five days. Here's a look at what's going on.The Details:Last week, M&M Residua
Real Estate Stocks Fall As Mortgage Rates Rise To 4-Month Highs: 'Inflation Is Proving Tougher To Bring Down'
Real estate stocks slid at Wednesday's market open, weighed down by the latest disappointing data on housing starts and a spike in mortgage rates, darkening the outlook for the sector.By 9:00 a.m. EST
US 30-year Mortgage Rate Rises to a Four-month High of 7.13%
US MORTGAGE rates climbed to a four-month high last week, potentially signalling a bumpier recovery for the residential real estate market.
The Detroit Big Three are a lesson from the past! The six southern states of the United States join forces against the Auto Union
① On Wednesday, workers at the Volkswagen plant in Tennessee in the US will vote to decide whether to join the American Federation of Auto Workers (UAW); ② On Tuesday, the governors of six US states, including Tennessee, issued a joint statement condemning the UAW's encouraging local workers to form trade unions and warning that it will lead to more layoffs and reduced investment.