What Is a Special Purpose Acquisition Company (SPAC)?

A special purpose acquisition company (SPAC) is a company with no commercial operations that is formed strictly to raise capital through an initial public offering (IPO) for the purpose of acquiring an existing company. Also known as “blank check companies,” SPACs have been around for decades. In recent years, they’ve become more popular, attracting big-name underwriters …

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Is the stock market open tomorrow? Here are the trading hours

U.S. financial markets will pause Monday in observance of Presidents Day — which, technically, is not the name of the holiday. The New York Stock Exchange and Nasdaq will be closed on Feb. 15. And the Securities Industry and Financial Markets Association, or Sifma, is recommending no trading in dollar-denominated securities, meaning the closely watched …

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Stock Market Terminology

Stock Market Terminology BASIC TERMINOLOGY Stock– the capital raised by a business or corporation through the issuing of shares Share– the piece of paper that signifies ownership of the company Position– another term for owning stock. Ex: I have a position in Jim’s Coffee Company. Stock Price/Market Price– the public price at which buyers and …

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