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Trading platform eToro will merge with the FinTech V SPAC in a $10.4 billion deal - sending the blank-check firm up 20%

The deal implies a value of around $9.6 billion for Robinhood rival eToro, the companies said.

Harry Robertson   


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Self-driving truck startup Plus is reportedly seeking to raise up to $600 million via a SPAC merger with Hennessy Capital Investment Corp V

Plus uses AI technology to enable large-scale autonomous commercial trucking fleets and has raised …

Will Daniel   


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IPO-bound PineLabs just added a million merchants to its kitty with its latest acquisition

Initial public offering (IPO)-bound fintech startup PineLabs on Wednesday announced an investment i…

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Hedge funds are set for giant windfalls as SPAC mania goes into overdrive

Top finance stories of the week: Goldman org chart; Ark Invest; CCIV; Pimco lawsuit; Wall Street pe…

Meredith Mazzilli   


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4 mins read

The F-16 first flew 47 years ago, and the Air Force may keep it flying decades longer due to problems with the F-35

The Air Force planned to retire its F-16s in 2025, but budget constraints and delays with the F-35 …

Benjamin Brimelow   


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1 min read

After making its debut in fintech, Xiaomi to enter Indian NBFC sector soon

The Chinese smartphone manufacturer, Xiaomi is mulling an entry into India’s Non Banking Financial …

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$1.6 billion Coinbase says that its newest acquisition puts it 'on track' to trade securities, and it could mean new coins are coming soon

In a blog post Wednesday, Coinbase president and chief operating officer Asiff Hirji announced the …

Becky Peterson   


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6 mins read

FINTECH BRIEFING: HSBC goes big on biometrics - Samsung Pay comes to Europe - PayPal partners with Vodafone

VISA CHECKOUT COMES TO EUROPE: Visa has announced that Visa Checkout will be coming to the UK this …

Sarah Kocianski   


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3 mins read

A look at the companies behind the pricey 'Crypto Bowl' ads, then vs. now, as Super Bowl LVII approaches

With Super Bowl LVII approaching, here's how 2022's "Crypto Bowl" advertisers fared over a chaotic …

Aaron McDade   


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1 min read

Cryptocurrency firm Circle to go public via SPAC deal that will value the company at $4.5 billion

The company behind the dollar-pegged stablecoin USDC is going public in a deal that could value the…

Emily Graffeo   


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3 mins read

eToro's CEO says the app added dogecoin because of its 'large and loud' fanbase - and notes shiba inu coin's similarly passionate following

eToro's move helped dogecoin soar to record highs in early May, generating publicity for the $9.6 b…

Harry Robertson   


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10 things you need to know before the opening bell

This is what traders are talking about.

Harry Robertson   


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US stocks trade mixed after hitting new records as investors await Fed meeting

US stocks opened mixed on Tuesday as investors await guidance from the US central bank on the direc…

Isabelle Lee   


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3 mins read

Betterment changed the game for investors, but Wall Street banks have caught up and the disruptor has been disrupted

Today's biggest story on Wall Street digs into the roots and the future of robo-advisor Betterment.…

Aaron Weinman   


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8 mins read

Top stocks: Here’s what the Big Boys bought between October and December

Foreign investors are largely buying financial sector stocks and some new age companies like Nyk…

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3 mins read

Sensex, Nifty50 open higher amid positive global cues – Paytm, HDFC, TVS Motor among stocks in focus

India’s benchmark indices Sensex and Nifty50 opened higher on Wednesday amid positive global cues. …

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2 mins read

Chamath Palihapitiya's SPACs will offer retail investors a way into its IPOs through SoFi's platform

The SPACs will make 5% of shares from the IPOs available to retail investors through SoFi's online …

Natasha Dailey   


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1 min read

Zoom may invest in a $5 billion SPAC deal to take event-manager Cvent public, report says

The popular video-conferencing app is a potential investor in Dragoneer Growth Opportunities Corp. …

Shalini Nagarajan   


Aaron Weinman   


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Investment banker Ken Moelis is aiming to raise $1.2 billion from three new SPACs

Investment heavyweight Ken Moelis is planning to raise $1.2 billion from three new SPACs that are b…

Carla Mozée