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  • The Wall Street Journal: ServiceMax to go public in $1.4 billion SPAC deal

    ServiceMax has agreed to merge with a special-purpose acquisition company in a deal that will take the maker of software for field-service technicians public, officials from the companies said.

    www.marketwatch.com
  • $12 Billion Hedge Fund Suffers $1.5 Billion Loss On Massive Treasury Short Squeeze

    $12 Billion Hedge Fund Suffers $1.5 Billion Loss On Massive Treasury Short Squeeze Last November, when we first looked at the monstrous short exposure in the rates complex, we said that a short squeeze of a lifetime in rates was on deck. *TREASURY 30-YEAR BOND YIELD DROPS AS MUCH AS 11 BASIS POINTS Short squeeze of a lifetime on deck pic.twitter.com/P7ESWsYyG8 — zerohedge (@zerohedge) November 4, 2020 Six months later, in June with yields first spiking - and benefitting all the...

    ZeroHedge
  • Why Facebook’s betting $1 billion on creators

    Last month, Instagram held its first-ever Creator Week, a virtual event the company described as “a life-changing three days with new feature news and celeb drop-ins.” One of those drop-ins was CEO Mark Zuckerberg, who made a brief appearance to share a message with creators. “I think that any good vision of the future has to involve a lot more people being able to make a living by expressing their creativity and by doing things they want to do, rather than things they have to — and having the...

    Engadget
  • BMW reaps $5.7 billion in profit, warns on parts shortages

    Germany's BMW is reporting 4.8 billion euros in profit for the second quarter

    ABC News