Category: Investor

Top SPAC Merger News This Week: 10 Red-Hot SPACs to Watch

Editor’s Note: This article was updated on Jan. 25, 2021, to correct the current ticker for Queen’s Gambit.

The week may be winding down, but it seems like SPAC merger news continues to heat up.

"Going Public" is displayed in white text on a digital ticker tape.

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In fact, this week brought major moves in more than ten special purpose acquisition companies. For investors less familiar with this world, SPACs are public companies that merge with private companies. Essentially, SPACs help private businesses avoid the IPO process. Importantly, following the pandemic selloff in March, investors have had a huge appetite for new offerings. That means SPAC mergers have dominated the

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Billionaire investor Howard Marks compares gold’s value to a ‘superstition’ and criticizes taxes on unrealized gains

Howard Marks

  • Howard Marks expressed skepticism about gold and taxes on unrealized gains this week.
  • Gold’s value is “almost like a superstition,” the billionaire investor told CNBC.
  • The Oaktree Capital boss said taxes on unrealized gains are impractical and could deter investing.
  • Visit Business Insider’s homepage for more stories.

Billionaire investor Howard Marks questioned gold’s worth and criticized the idea of taxing investors’ unrealized gains in a CNBC interview this week.

The Oaktree Capital Management cofounder said the yellow metal’s value is “almost like a superstition,” as it depends on people believing it’s worth something.

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Southern California Edison Declares Q3 Dividends

ROSEMEAD, Calif.–()–The Board of Directors of Southern California Edison today declared the following quarterly dividends, payable on December 15, 2020, to shareholders of record on December 14, 2020, on the:

  • Series G preference stock, which would result in a distribution of $0.31875 per security on SCE Trust II’s 5.10% Trust Preference Securities
  • Series H preference stock, which would result in a distribution of $0.359375 per security on SCE Trust III’s 5.75% Trust Preference Securities
  • Series J preference stock, which would result in a distribution of $0.3359375 per security on SCE Trust IV’s 5.375% Trust Preference Securities
  • Series
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What comes after the telehealth boom? Hybrid care models draw interest

Buoyed by the pandemic, 2020 was undoubtedly the year that telehealth turned the corner to mainstream. But for savvy investors, the big question isn’t what’s hot now it’s what’s the future holds. 

“If it’s straight telehealth, we’re not interested,” Lynne Chou O’Keefe, founder and managing partner of Define Ventures, said on a panel Wednesday on digital health business opportunities at the all-virtual Consumer Electronics Show. “To me, telehealth is a pipe… It’s about the use case and what are we trying to solve.” 

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Meet the Bitcoin investors who got insanely rich off crypto

It’s the revenge of the tech nerds. 

“I got my first bitcoin in December 2012, as a gift,” said John Ratcliff, a video game developer who lives near Pikes Peak in Colorado. Back then, the novel token was worth a measly 13 bucks. “I sort of dismissed it, then checked back in in 2013 and saw it was worth $72. So I took my wife out for a nice dinner.” 

John Ratcliff, 59, invested $15,000 in 150 bitcoin at $100 in 2013.
John Ratcliff, 59, invested $15,000 in 150 bitcoin at $100 in 2013 and is now building a $1.4 million “dream house.”
Courtesy of John Ratcliff

That date actually cost him

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