Markets

Markets
SEC Accounting Guidance Prompts SPACs To Add Disclaimers
April 23, 2021

New guidance from the Securities and Exchange Commission (SEC) has special purpose acquisition companies (SPACs) scrambling to add explanatory information to filing statements, Bloomberg reported on Friday (April 23). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Markets
SPAC Market Drops Precipitously As US Regulators Eye Deals
April 21, 2021

It seems like only yesterday global mergers and acquisitions were having their best of times in four decades — with deals of around $1.3 trillion. Providing a big boost in the first quarter of 2021 was the boom in special purpose acquisition companies (SPACs). Get...

Markets
Refinitiv’s Eikon Terminals Trigger Five-Hour Outage
April 08, 2021

Refinitiv, the data and trading provider owned by London Stock Exchange Group (LSEG), suffered a five-hour outage on Thursday (April 8) that took some of its popular services offline, Financial Times reported. Get the Full Story Complete the form to unlock this article and enjoy...

Markets
Underwater SPACs Could Net Investors $1.1 Billion
April 05, 2021

About 300 special purpose acquisition companies (SPACs) launched during the first three months of 2021 could theoretically net investors big bucks, Bloomberg reported on Monday (April 5). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Markets
Second GameStop Hearing Focuses On Experts Over Usual Suspects
March 17, 2021

Welcome to GameStop on Capitol Hill, round two. Maxine Waters, the chairwoman of the House Financial Services Committee, told the gathering Wednesday morning (March 17) that this second go-round would be absent some of the celebs made by the Game Stop trading controversy like Vlad...

Markets
SEC Raises Caution Flag On Celebrity-Backed SPACs
March 11, 2021

Your favorite celebrities? Follow them on Insta. Follow them on TikTok. Just don’t follow them into SPACs. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

Markets
London Stock Exchange Shares Slip On Integration Costs Of Refinitiv 
March 05, 2021

Costs related to the integration of Refinitiv and the London Stock Exchange Group (LSEG)  likely “spooked” analysts, causing shares to fall Friday morning (March 5), despite an increase in profits and revenue, Reuters reported. Get the Full Story Complete the form to unlock this article...

Markets
Next Congressional Hearing Set For Robinhood-GameStop Debacle
February 26, 2021

The U.S. House Committee on Financial Services will hold a second hearing on the Wall Street trading debacle that involved GameStop, Reddit, Robinhood and hedge fund traders, Crowdfund Insider reported on Friday (Feb. 26). Get the Full Story Complete the form to unlock this article and...

Markets
Report: Robinhood In Talks To Pay Financial Penalty
February 26, 2021

To settle probes into its options trading processes and the downtime that its equity trading app faced last year, Robinhood Markets Inc. is in discussions to pay a financial penalty, The Wall Street Journal reported, citing a securities document. The Financial Industry Regulatory Authority (FINRA),...