Month: March 2022
SEC targets SPACs with rules on inflated business forecasts, merger disclosures
A flag outside the U.S. Securities and Exchange Commission headquarters in Washington, D.C., U.S., on Wednesday, Feb. 23, 2022. Al Drago | Bloomberg | Getty Images The Securities and Exchange Commission on Wednesday debuted a host of new rules for SPACs that, if enacted, would mark one of the broadest attempts to date at cracking […]
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UK regulator extends deadline for crypto firms to make it onto a key register
A logo for the Financial Conduct Authority (FCA). Chris Ratcliffe | Bloomberg | Getty Images The U.K.’s Financial Conduct Authority said Wednesday it is giving some crypto companies more time to register with the regulator beyond an original Mar. 31 deadline. A select few firms, including the fintech firm Revolut and crypto start-up Copper, will […]
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Weeks after surprising shuffle, new TuSimple CEO pledges to be an ‘evangelist’ for autonomous driving
Xiaodi Hou, Co-founder & CTO, TuSimple, on Centre Stage during day two of Web Summit 2019 at the Altice Arena in Lisbon, Portugal. Vaughn Ridley | Sportsfile | Getty Images Xiaodi Hou co-founded autonomous-driving startup TuSimple a few years ago, but he just took over as CEO and chairman of the board March 3. Why? […]
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Stadium developer plans $3 billion sports arena and casino project in Las Vegas
Las Vegas came in first in Hotwire’s ranking of best major metropolises for quick getaways amid the pandemic. Chris Sattlberger/Getty Images Las Vegas’ sports scene is about to get more crowded. Sports executive and entrepreneur Tim Leiweke’s Oak View Group, one of the largest stadium and arena developers in the world, announced Wednesday it has […]
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Jefferies says buy RH as this year’s dip offers a ‘rare entry point’
Shares for Restoration Hardware have more than 40% upside from here, analysts say. Source
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BofA says iPhone demand still strong despite reports of production cutback
Tim Cook at the Apple launch event, March 8, 2022 Apple Bank of America analysts said on Wednesday that iPhone demand is still strong despite a recent report that said Apple cut production of its iPhone 13 and new iPhone SE. “While these articles might lead some investors to think there is risk to demand, […]
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German economic advisors send recession warning as Putin’s gas deadline nears
Berlin’s Brandenburg Gate on the occasion of the Earth Hour, on March 26, 2022. Tobias Schwarz | Afp | Getty Images Germany’s heavy reliance on Russian energy could tip its economy into recession, an independent economic think tank warned on Wednesday. There are rapidly rising concerns over what Russia’s unprovoked invasion of Ukraine will mean […]
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Morgan Stanley says Robinhood could be Generation Z’s Schwab, but the stock is going nowhere for now
Analysts say the company has a firm grip over younger investors, but will need to expand its product offerings if it wants to retain its appeal. Source
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Here are Wednesday’s biggest analyst calls of the day: Tesla, Netflix, Apple, McDonald’s & more
Here are the biggest calls on Wall Street on Wednesday. Source
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5 things to know before the stock market opens Wednesday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street looks lower after logging a multiday winning streak Traders on the floor of the NYSE, March 29, 2022. Source: NYSE U.S. stock futures pointed to a lower open Wednesday, one day after the Dow Jones […]
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