Cryptocurrency enthusiasts who piled into meme coins such as Dogecoin and Shiba Inu amid the long-time industry rallying call of “to the moon” are finding this year’s journey back to earth pretty painful.
Digital-asset companies are pushing back against claims of excessive energy usage in the cryptocurrency sector as world leaders flock to Glasgow this week for key climate change talks.
A private drugmaker aborted plans to buy back its own SPAC at a hefty premium, sending shares of Immunovant Inc. plunging to an all-time low.
Wall Street will continue reaping rewards from its embrace of blank-check companies for a long time, even if the record-breaking boom in listings comes to an end.
The recent rise in interest rates triggered a bout of volatility, but it’s not making the pros in the stock market run for the hills just yet.
Technology stocks including ACI Worldwide Inc. appear to be the most likely takeover candidates in 2021 as the outlook for merger and acquisition activity brightens with companies seeking growth opportunities.