Financial markets
Biotech Acquisition Company, a blank check company, has announced that holders of its initial public offering units can elect to separately trade the Company's Class A ordinary shares and warrants, commencing March 18, 2021. The separation of units will result in the Class A Ordinary Shares and warrants
Banking industry
A turning point in inflation, potentially triggered by the economic reopening, $1.9 trillion stimulus, and vaccine rollout, could push up inflation and impact long-term equity returns. Michael Hartnett, chief investment strategist at Bank of America, believes the lower inflation of the last 40 years has reached a turning point,
Banking industry
RBC Capital Markets has taken home the inaugural Celent Model Sell Side Award for its development of Aiden, a groundbreaking AI-powered electronic trading platform built in partnership with Borealis AI. This achievement highlights the bank's commitment to leveraging AI in a responsible and explainable manner to deliver real-world
Financial markets
Legato Merger Corp., a blank check company, has announced that it will allow holders of its units sold in its initial public offering to separately trade shares of its common stock and warrants, which will trade on the Nasdaq Capital Market under the symbols "LEGO" and "LEGOW,
Financial markets
AppLovin Corporation, a global technology platform for developers, has announced that it has publicly filed a registration statement with the U.S. Securities and Exchange Commission (SEC) for a proposed initial public offering (IPO) of its common stock. The number of shares to be offered and the price range for
Financial markets
Airbnb and DoorDash, two prominent startups, have made spectacular debuts on the stock market, leaving many to question their valuation and long-term sustainability. DoorDash's shares surged 85.7% in its first session, while Airbnb's stock more than doubled on its first day of trading. These performances
Financial markets
Vivos Therapeutics, a medical technology company, announced the pricing of its initial public offering of 3.5 million shares of common stock at $6.00 per share, raising $21 million in gross proceeds. The offering is expected to begin trading on the Nasdaq Capital Market under the ticker symbol "
Financial markets
The Wilshire 5000 Total Market IndexSM, the definitive benchmark for the broad US stock market, experienced a decline of -2.20% in October, resulting in a year-to-date gain of 3.22% and closing the month at 33,505.10. This downturn was attributed to concerns regarding an increase in COVID
Financial markets
China's trust industry has become a significant player in the country's financial market, offering a range of investment options for individuals and institutions alike. The latest addition to this market is the Wuxing No.51 trust product, launched by China Foreign Economy and Trade Trust. This
Financial markets
Han'S Laser Technology Industry Group has been placed at Level 2, indicating a low trading risk level with a minimal likelihood of downward price swings. This evaluation is based on a re-adjusted and calibrated risk assessment criteria, influenced by the COVID-19 pandemic's impact on China'
Financial markets
The US stock market experienced its second major surge in a week, with the Dow Jones Industrial Average rising by 400 points on Wednesday, following a 900-point rally two days prior on positive news about a COVID-19 vaccine. Despite this optimism, critics argue that the market is overvalued, given the
Financial markets
The Reserve Bank of India (RBI) has introduced a special liquidity facility worth $6.57 billion to alleviate liquidity pressures on mutual funds, anticipating redemption pressures amid the COVID-19 pandemic. This move aims to support mutual funds, particularly after Franklin Templeton fund house halted withdrawals from six debt fund schemes
