SPACs outpace traditional IPOs 2 months straight, bringing 2020 issuance to a record $33 billion

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SPACs outpace traditional IPOs 2 months straight, bringing 2020 issuance to a record $33 billion

(This story is for CNBC Pro subscribers only.) Wall Street’s craze in SPACs continues to heat up as each month goes by: funds raised via blank-check deals have exceeded traditional IPOs for two months straight. Total proceeds from special purpose …
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Q-CTRL and Quantum Machines Partner to Accelerate Quantum Computing Development

LOS ANGELES and TEL AVIV, Isreal, Sept. 9, 2020 – Q-CTRL, a startup that applies the principles of control engineering to accelerate the development of quantum technology, and Quantum Machines, creator of the first complete hardware and software …
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US dollar slides from four-week high; euro rises

NEW YORK (Reuters) – The dollar slid from a four-week high on Wednesday, led by losses against the euro after a news report said European Central Bank officials have become more confident in their outlook for the region’s recovery. FILE PHOTO: U.S. …
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California posts country's biggest credit card debt paydown

With the economy showing signs of life despite the ongoing impact of the coronavirus pandemic, WalletHub’s new Credit Card Debt Study revealed that U.S. consumers paid down $118 billion in credit card debt during the first half of 2020 – an all-time record.
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Enterprise to cancel Midland pipeline project amid oil demand slump

Enterprise Products Partners L.P. will cancel a crude oil pipeline project that would have transported oil from Midland, Texas, to markets in the Houston area, the partnership announced Wednesday. The Houston pipeline operator amended agreements with …
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