#Goldman Sachs retreating from SPACs over regulatory threat

#Goldman Sachs retreating from SPACs over regulatory threat

“Goldman Sachs retreating from SPACs over regulatory threat” David Solomon’s Goldman Sachs is reducing its involvement with blank-check companies, a spokesperson for the bank said on Monday, as US regulators continue to clamp down on what was one of the hottest trends on Wall Street in recent years. The boom in the special purpose acquisition company (SPACs)…

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#Dow falls 500 points as jobs report fuels rate-hike worries

#Dow falls 500 points as jobs report fuels rate-hike worries

“Dow falls 500 points as jobs report fuels rate-hike worries” Another selloff hit Wall Street on Friday as robust US jobs numbers stoked investor fears that the Federal Reserve will impose bigger rate hikes in the coming months to tame surging inflation. The latest jobs report indicated that employers added 428,000 people to their payrolls…

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