Oct. 22, 2021 12:09 pm ET What is DWAC? Digital World Acquisition Corp. DWAC 107.03% is a special-purpose acquisition company, or SPAC. It is essentially a pot of money raised from investors with the intention of finding a private company to buy. In this case, DWAC completed its initial public offering in September. Hundreds of […]
Scarcity sometimes begets more scarcity. The latest source of shortage comes from the oil field service industry, which has less equipment and fewer employees after years of austerity. Meanwhile, oil and gas prices are near multiyear highs. All three major servicers— Halliburton, HAL 2.13% Schlumberger SLB -1.14% and Baker Hughes BKR 1.52% —said in their […]
Some days it seems just about everybody is urging you to buy bitcoin. Now, your financial adviser might, too. This week, the first cryptocurrency-focused exchange-traded fund in the U.S., ProShares Bitcoin Strategy ETF, raised $1.1 billion in its first two days of trading. Advisers who want to buy bitcoin directly for clients have to clear […]
Wall Street indexes are wavering after the S&P 500 reached its 55th record close of the year. Here’s what we’re watching in Friday’s trading session. The SPAC that agreed to merge with Donald Trump’s social-media company, Digital World Acquisition , was extending its surge, after having more than quadrupled in value during Thursday’s session. Its […]
Get ready for some rosy home-sales numbers, and get used to the idea that it still won’t be enough. Until America has more homes available for sale, the housing market will look unusually strong in what used to be the slow part of the year without satisfying pent-up demand that has been years in the […]
Former President Donald Trump unveiled a new digital-media venture Wednesday and said it would go public by merging with a special-purpose acquisition company. Trump Media & Technology Group will create a social network called Truth Social to fight such companies as Facebook Inc. FB 0.32% and Twitter Inc., TWTR -0.61% the Trump company said in […]
Congress’s recent deal to lift the government borrowing limit has eased distortions in the short-term Treasurys market—a partial reprieve that is likely to prove fleeting, according to investors and analysts. Before lawmakers reached a stopgap deal to lift the debt ceiling earlier this month, their standoff over the issue had skewed the bond market in […]
China raised $4 billion from a sale of U.S. dollar bonds, borrowing cheaply again from international investors that flocked to its offering despite the country’s slowing economic growth. The four-part deal comprised bonds that mature in three, five, 10 and 30 years, similar to China’s previous international bond sale a year ago. The new three-year […]
Updated Oct. 19, 2021 9:52 am ET Wall Street indexes opened higher amid another flurry of earnings. Here’s what we’re watching in Tuesday’s session. Manufacturer Dover DOV 0.67% raised its full-year earnings guidance and said it had a large backlog. Procter & Gamble PG -1.18% reported a decline in quarterly profits and said it is […]
Enthusiasm from individual traders is reshaping the market for nuclear fuel that generates a tenth of the world’s electricity and sending uranium-linked stocks higher. After languishing for a decade after the Fukushima disaster led Japan and Germany to close nuclear reactors, spot uranium prices have shot to $47 a pound from $32.25 at the start […]
