Bill Ackman SPAC sued, plaintiffs say sponsors got 'staggering compensation'
The plaintiffs — former SEC commissioner Robert Jackson and law professor at Yale John Morley — claimed that Ackman's SPAC is an investment company.
Market wire
Latest news on private equity markets
Headlines on the small cap U.S. and Canadian companies we follow, pulled from the wires as they publish. Every story opens at its original source.
Americans are spending $765 more a month than they did in 2020, survey finds
Between dining out and travel, Americans are spending an average of $765 more a month compared to last year, according to a report.
Cathie Wood says Michael Burry doesn't understand innovation space after he bets against ARK fund
ARK Invest's Cathie Wood called out "The Big Short" investor Michael Burry after the investor bet against ARK's flagship ETF.
Just 30% of the poorest families have a savings account
About 1 in 3 households in the bottom fifth have a savings account at a bank or credit union, according to a report. The typical account...
The Intersection of Ecommerce and NFTs: How NFT Technology is Changing DeFi
Entrepreneur Sarah Austin Aug 15, 2021 DeFi and fintech startups are putting financial tools in the hands of the average person. NFT technology takes this a...
Stock trading could mean a hefty tax bill next year. What you need to know
"You can't put your head in the sand about taxes," said Megan Gorman, attorney and managing partner at Chequers Financial Management.
Even if you aren’t working, you may be able to open an IRA. Here’s how
If you are married and file taxes jointly, you can open a spousal individual retirement account and have your partner contribute.
GBBC: Overview of NFTs (as of Q2-2021)
GBBC Aug 2021 Noteable Investments Kevin Durant and Michael Jordan joined the $305 million funding round, led by Coatue. Bitski raised $19 million in a Series...
Dogecoin is surging again after Mark Cuban comments. What to know before jumping into the rally
"Never invest anything you aren't willing to lose," said Ben Weiss, co-founder and CEO of CoinFlip, one of the largest bitcoin ATM companies in the U.S.
Here's what happens to Social Security payments when you die
When a Social Security recipient dies, the benefits for that person end. However, there are cases when survivors are eligible for payments.
Conservatives release full platform promising billions of dollars in new pandemic aid and Open Banking
CBC Aug 16, 2021 The party would create new legislation to "open banking so Canadians can connect with fintech companies that can provide a better offer...
JP Morgan warns CBDC could mean banks lose 20-30% of funding
Ledger Insights Aug 6, 2021 JP Morgan strategist Josh Younger has penned a piece warning that central bank digital currencies (CBDC) need to be designed to...
Fintech earnings: Coinbase and Upstart report over 11-fold revenue growth
CNBC Ari Levy Aug 11, 2021 If you had any lingering doubts about the growth of fintech, take a peek at Tuesday night's earnings reports from...
Here’s how much cash retirees really need, according to financial advisors
With low interest rates and fears of inflation, retirees may worry about how much cash to have handy. Here’s how to figure it out, according to...
Jobs are still down 22% for low-wage workers. They’re up for everyone else
Employment among the lowest-paid workers remains far below its pre-Covid baseline. But mid- and high-wage workers have more than recovered.