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The chairman of investment strategy at JPMorgan's $2.2 trillion asset management arm studied 85 completed SPAC IPOs – and lays out the winners and losers in the 'significant wealth transfers'…

Traders and clerks at the CME Group toss confetti to celebrate the final trading session of the year December 31, 2010 Scott Olson/Getty ImagesThe red-hot SPAC craze isn’t slowing as 154 SPACs have raised $48.5 billion so far this year. JPMorgan’s Michael Cembalest studied 85 SPACs to examine the winners and losers in the ecosystem. He also shared why it is important to monitor the SPAC market over the next two years.  Visit the Business section of Insider for more stories. Perhaps nothing better illustrates just how hot SPACs have become than a recent rap song called “SPAC Dream” by recording artist Cassius Cuvée. His musical tribute to Special-Purpose Acquisition Companies was shared by billionaire Bill Ackman on Twitter last week with a simple call to “watch this.” “If you in the SPAC game you know what I’m talking about. We sick of IPOs day one locking us out,” Cuvée raps about the blank-check companies that take others public without a traditional IPO. “I’m like a SPAC – what the hell’s that? You get in on the ground floor. It paid big, so I searched and then I found more.” Ackman, who floated the largest SPAC to raise $4

Normal (Town of) IL — Moody's assigns Aa1 to Normal, IL's GO bonds

Here's how GameStop went from dying retail relic to a 'meme stock' that has rattled the American stock market

A customer with a Nintendo DS video game system in Los Angeles, November 21, 2004 Two years ago, GameStop was quickly deteriorating, ready to become a mere relic of the video game retail era.The gaming retailer, the largest in the industry, began to flail within the past decade as game developers turned toward creating digital versions of their games. Customers went from camping outside stores to be the first to snag the new version of “Call of Duty” to downloading or streaming it online from their homes. Here’s how GameStop was merely a dying brand two years ago, found a temporary safety net during the pandemic in 2020, and has evolved into a full-blown “meme stock” that has sent earthquakes through the traditional American financial system. GameStop was at one point the go-to place to get your hands on the hottest new video games of the season. A Seattle customer with the New Super Mario Bros. 2 game in a GameStop store in 2012. Stephen Brashear/Invision for Nintendo/AP Images But like other brands that sold physical entertainment (remember Blockbuster?) GameStop started to see a drop in foot traffic and in sales.  In September 2019, GameStop CFO Jim Bell announced the

HUIZE: Pre-announces strong 4Q2020 revenue and 47% jump y-o-y

SINGAPORE, Jan. 28, 2021 /PRNewswire/ — Founded in 2006 and based in Shenzhen, Huize Holding Limited (NASDAQ: HUIZ) is proving that it can disrupt the health insurance distribution in China. The company has just announced its preliminary estimated unaudited total operating revenue and selected operating data for the fourth quarter of 2020: Total operating revenue is expected to be at least RMB380 million, representing a record quarterly high and a year-over-year growth of 47.1%.This exceeds the Company’s previous guidance of RMB330 million to RMB350 million. Total Gross Written Premiums (“GWP”) facilitated on the Company’s platform are expected to be approximately RMB1,000 million.This represents a record quarterly high and an increase of 55.7% compared to the same quarter last year, of which first-year premiums accounted for approximately RMB610 million, representing an increase of 39.3% compared to the same quarter last year. Huize has outdone itself while outperforming the industry at the same time. The outstanding performance was primarily attributable to better-than-expected market demand for the proprietary critical illness products co-developed by Huize and its insurer partners, against the backdrop of continued economic recovery in China which has improved consumer confidence. Mr. Cunjun Ma, Chairman and CEO of Huize, commented, “Our record

Plan Closes Non-Brokered Private Placement

VANCOUVER, BC, Jan. 20, 2021 /CNW/ – Progressive Planet Solutions Inc. (TSXV: PLAN) (“PLAN” or “Progressive Planet”), announces that, further to its news releases dated December 22, 2020 and January 7, 2021, the…

Portugal Producer Prices Fall Further In December

(RTTNews) – Portugal’s producer prices declined further in December, figures from Statistics Portugal showed on Tuesday. The producer price index decreased 4.0 percent year-on-year in December, following a 4.7 percent decline in November. Excluding the energy group, producer prices fell 0.7 percent in December, same as seen in the previous month. Prices for energy declined 17.1 percent annually in December and those of intermediate goods decreased 1.6 percent. Meanwhile, prices for investment goods gained 0.9 percent. On a month-on-month basis, producer prices increased 0.1 percent in December, after a 0.5 percent rise in the prior month.

THE REALREAL INVESTIGATION INITIATED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Investigates the Officers and Directors of The RealReal, Inc. – REAL

NEW ORLEANS, Jan. 8, 2021 /PRNewswire/ — Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an…

Maddox Defense Moves Headquarters to Houston, Texas

HOUSTON, Jan. 2, 2021 /PRNewswire/ — As of Dec. 1, 2020, Maddox Defense has moved their headquarters to 4915 Cranswick Road, Houston Texas, 77401. Maddox Defense is a premier supplier of personal protective equipment to the US military, as well as the US Federal Government and State Governmental agencies. Products include gloves, masks, gowns, goggles, head and boot covers and sanitizer as well as other products vital in the fight against COVID-19.  Maddox Defense strives to eliminate America’s dependency on foreign supply by manufacturing in the United States.  Since March 2020, Maddox Defense has been expanding its operations in the Houston area and officially moved its headquarters in December.  Jason Maddox, Maddox Defense founder shared, “This move allows us to be more competitive in our manufacturing as the economics allow us to get more space and more workers which in turn allows us to keep up with the demand to supply America’s frontline with PPE products. Houston also allows us to be more strategic with logistics in delivering across the nation. While Texas has been hit hard with unemployment, Maddox is happy to be able to employ thousands of people at a competitive wage as well as benefits.” ABOUT MADDOX DEFENSE:Since 2008, Maddox Defense has built