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SPACs, or special purpose acquisition companies, are touted as a quick way to take companies public — avoiding the usual, lengthier route of initial public offerings.
Memesters took the likes of Kohl’s and Krispy Kreme on a wild ride.
The assumption is that the economy will chug along and that borrowing costs will fall. But they might not. What makes these riskier stocks attractive?
Payday loans, high-fee check-cashing services and scams find fertile ground in a community still affected by generations of discrimination.