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1 min read
Trump Media stock rebounds 47% after brutal post-IPO sell-off
Trump Media successfully tested its rising 200-day moving average on Wednesday, a key level of supp…
Matthew Fox
2 mins read
Trump Media stock soars 59% after Truth Social parent adopts 'DJT' ticker symbol
Donald Trump can't sell his multibillion-dollar stake in Truth Social until a six-month lockup peri…
Matthew Fox
2 mins read
S&P 500 might crash 60%, a recession is looming, and speculation is rife, warns elite technical analyst Milton Berg
Veteran analyst Milton Berg said he's short stocks including Nvidia and Netflix as he believes the …
Theron Mohamed
1 min read
Donald Trump's launch of $99 NFTs sparks 10% decline in Digital World SPAC linked to Truth Social
"Collect all of your favorite Trump Digital Trading Cards, very much like a baseball card, but hope…
Matthew Fox
2 mins read
SoFi overtakes GameStop as WallStreetBets' most talked about stock after getting the go-ahead to launch a bank
The fintech company's shares are soaring after it cleared the final regulatory hurdle to become a b…
Adam Morgan McCarthy
1 min read
EV stocks are seeing a historic sell-off, with some down 90% from their peak
The industry is being slammed by higher borrowing costs, slow growth in Europe, and expiring subsid…
Aruni Soni
1 min read
SPAC king Chamath Palihapitiya says higher rates have created a 'wave of destruction' across whole sectors
The famed investor and so-called SPAC king said that the end of zero interest rate policy has creat…
Jennifer Sor
2 mins read
The lawyers that sued Bill Ackman's SPAC are reportedly targeting 50 more as the merger boom deflates
The lawsuit against Ackman's Pershing Square Tontine Holdings has led Ackman to pursue alternative …
Matthew Fox
1 min read
Digital World SPAC tied to Trump's Truth Social extends two-day decline to 13% after app downloads plummet
Despite the recent sell-off, Digital World is still up nearly 500% from its SPAC IPO price of $10 p…
Matthew Fox
1 min read
Jim Chanos in an interview slammed SPACs for enticing investors to buy 'very bad businesses' and revealed he's shorting several of them
Legendary short-seller Jim Chanos told the Financial Times SPACs use lofty, often misleading projec…
Emily Graffeo
1 min read
SPACs have raised a record $100 billion in 2021, but activity levels have plummeted by more than 80% in recent months
In March 2021, a total of 116 special purpose acquisition companies listed. In April, the number of…
Emily Graffeo
2 mins read
Digital World Acquisition extends 7-day decline to 31% after Trump's Truth Social threatens a lawsuit against the SEC over delayed SPAC deal
"In light of the obvious conflicts of interest among SEC officials... TMTG is now exploring legal a…
Matthew Fox
3 mins read
'SPAC King' Chamath Palihapitiya says blank-check companies need more oversight and regulation
"It is time to improve the regulations around the SPAC ecosystem with clear and rigorously enforced…
Will Daniel
1 min read
3 stats that show just how much investor appetite for SPACs has declined
As interest rates climb, most SPACs have underperformed the market, along with other high growth, l…
Emily Graffeo
1 min read
The SEC is reportedly weighing stricter rules to rein in the wild projections made by SPACs as the blank-check craze slows
The US regulator is considering new guidance to curb growth projections made by listed special-purp…
Emily Graffeo
4 mins read
This legendary market forecaster has warned of a stock-market crash and a recession for years. Here are Gary Shilling's 14 best X posts since the pandemic.
Gary Shilling predicted stocks would keep crashing in March 2020, but he dismissed inflation fears …
Theron Mohamed
2 mins read
JPMorgan is calling the top for SPACs - and says declining day-trader interest is to blame
"SPACs come and go in waves, as they exhibit boom and bust cycles," JPMorgan said in a Wednesday no…
Matthew Fox
2 mins read
The stock market still looks overvalued even as the 'everything bubble' deflates, research firm says
"While stocks are not as overvalued as they were in 2021 on an absolute valuation basis, relative t…
Matthew Fox
2 mins read
eToro postpones plans to go public via SPAC to the 4th quarter, citing regulatory delay
Trading app eToro is pushing back its plans to go public to the fourth quarter. The company first a…
Isabelle Lee
2 mins read
Digital World Acquisition falls 15% after Elon Musk buys Twitter for $44 billion
"Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square," El…