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SPACs fizzle, IPOs sizzle: How China’s cybersecurity crackdown could impact the space

ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailKathleen Smith, chairman, principal and co-founder of Renaissance Capital, Dave Nadig, chief investment officer and director of research at ETF Trends, and Jay Rhame, CEO of Reaves Asset Management, talk IPOs and SPACs amid regulatory concerns. With

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It’s unclear whether state cuts to unemployment benefits got people back to work in June

FREDERIC J. BROWN | AFP | Getty ImagesThe U.S. added 850,000 jobs in June, the most since summer 2020 — which may have some wondering if recent state cuts to unemployment benefits are getting people back to work.The short answer: It's too soon to tell, according to labor economists.However,

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Stocks making the biggest moves midday: Didi, Diamondback Energy, Whirlpool and more

A navigation map on the app of Chinese ride-hailing giant Didi is seen on a mobile phone in front of the app logo displayed in this illustration picture taken July 1, 2021.Florence Lo | ReutersCheck out the companies making headlines in midday trading.Didi — The sell-off in the Chinese ride-hailing

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RBI penalises 14 banks for non-adherence to rules on lending to NBFCs

The Reserve Bank of India on Wednesday penalised fourteen banks including , , IndusInd Bank and . Lenders were fined for non-compliance with certain provisions of directions issued by the regulator on lending to non-bank lenders, restrictions and provisions on loans and advances and reporting to the central database

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China is cracking down on stocks that trade on U.S. exchanges. Here’s what it means if you hold them

Chinese President Xi Jinping attends the World Economic Forum WEF Virtual Event of the Davos Agenda and delivers a special address via video link in Beijing, capital of China, Jan. 25, 2021.Li Xueren | Xinhua News Agency | Getty ImagesChina's most powerful companies — including Didi, Alibaba and Tencent

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Wise debut turns the fintech’s founders into billionaires — here’s who else won big

Wise founders Taavet Hinrikus, left, and Kristo Käärmann.WiseLONDON — The founders of money transfer service Wise are now billionaires — on paper, at least.The British fintech company formerly known as TransferWise went public on the London Stock Exchange Wednesday, in a direct listing valuing the company at $11 billion.Wise

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Yogurt maker Chobani confidentially files for U.S. IPO, valuation may exceed $10 billion

Chobani founder Hamdi Ulukaya launched the company's food incubator in 2016.Source: ChobaniGreek-yogurt maker Chobani could be valued at more than $10 billion in its initial public offering (IPO), a person familiar with the matter told Reuters on Wednesday, as the company confidentially filed regulatory paperwork for its stock market

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