March 9 (Reuters) – London’s FTSE 100 ended higher on Tuesday thanks to strength in industrials and other defensive sectors, although broader gains were capped by weakness in mining stocks due to a drop in metal prices. March 8 (Reuters) – Hedge fund manager David Tepper said it is difficult to be bearish on stocks at present and the recent selloff in U.S. Treasuries that drove up interest rates is over, CNBC reported on Monday, citing an interview with the billionaire.
“It is never a good idea to invest in a SPAC just because someone famous sponsors or invests in it or says it is a good investment,” the SEC said. website The recent SPAC frenzy has attracted the attention of a number of mainstream celebrity figures such as rap star Jay-Z, tennis legend Serena Williams and National Basketball Association Hall of Famer Shaquille O’Neal who have either sponsored their own blank-check firms or joined the boards of other SPACs.
Cohen, a major shareholder who has pushed Gametop´s move away from its brick-and-mortar model, joined the board in January shortly before a social media frenzy drove a meteoric rise in which GameStop shares surged more than 1,600%. The major market risk has been removed, Tepper told CNBC, and rates should stabilise in the near term. website Government stimulus and a countrywide coronavirus vaccination program have fueled expectations of an economic rebound in the United States, pushing Treasury yields higher in recent weeks.
Accelerated coronavirus vaccine rollouts and a monster fiscal stimulus on the horizon have raised bets on higher inflation, triggering a spike in Treasury yields that pushed the Nasdaq down as much as 12% from its Feb. Niecy Nash, 51, reveals when she fell in love with wife… Jesse Tyler Ferguson jokes that he’s raising son Beckett to… Olivia Munn says it is ‘important’ for Alexi McCammond to… Emilia Clarke ‘hoped to find love on celeb dating app… “Yesterday the market had huge gains.
It’s hard for the market to maintain explosive gains without a good reason and arguably today they don’t have a good one and there is a bit of caution around the bond yield issue,” said Connor Campbell, analyst at Spreadex. GameStop shares were up 23.5% to $239.80 in early trading, a day after the company entrusted leadership of its online sales efforts to board member and major shareholder Ryan Cohen, co-founder of online pet retailer Chewy Inc.
Securities and Exchange Commission (SEC) cautioned investors on Wednesday about buying shares of so-called special purpose acquisition companies only because they are backed by celebrities, including movie stars and athletes. March 10 (Reuters) – The U. If you beloved this report and you would like to acquire much more information about 1xbet kindly check out our web-page. S. Special purpose acquisition companies, or SPACs, are shell companies which raise funds to acquire a private entity with the aim of taking it public, allowing such companies to sidestep a traditional IPO to enter public markets.
Short interest in GameStop was valued at $2.58 billion, or 24.3% of the stock´s float on Tuesday, compared to $1.80 billion, 32.6% in late February, according to data from financial analytics firm S3 Partners. British consumers cut back heavily on spending as they weathered a second month in a COVID-19 lockdown in February, but confidence in the economy hit a 12-month high, payment card firm Barclaycard said.
