Remember SPACs? They are showing signs of life again. So far this year, 89 SPACs have launched IPOs, according to data from SPACInsider. That’s the busiest year since 2021, when a record-setting 613 SPACs came to market during the height of the investment craze. SPACs are special purpose acquisition companies , which raise capital in an IPO and use the cash to merge with a private company and take it public, usually within two years. The latest resurgence comes after a sharp, two-year slowdown as regulatory scrutiny , disappointing post-merger performance and rising interest rates dampened investor appetite. Many SPACs…
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UBS has narrowed down its Chinese artificial intelligence plays to two leading companies. With several mainland companies having had a chance to monetize generative AI in the past two years, leaders and laggards are now emerging. “We favor AI-driven and alpha growth names with strong execution,” a team led by the investment bank’s Hong Kong-based strategist Eva Lee wrote in a report earlier this month. “We believe that the sector … has not fully priced in growth prospects yet.” “China’s internet leaders are accelerating AI monetization, backed by domestic chip development and LLM innovation,” the analysts said, referring to advancements…
Jaque Silva | Nurphoto | Getty ImagesThe latest earnings season has addressed investors’ concerns about the artificial intelligence boom, thanks to the robust growth outlook and capital spending projections of many tech companies.Investors seeking exposure to companies that are well-positioned to capture AI-led growth can track the recommendations of top Wall Street analysts, who can help pick the stocks that can deliver attractive returns over the long term.Here are three stocks favored by the Street’s top pros, according to TipRanks, a platform that ranks analysts based on past performance.BroadcomSemiconductor company Broadcom (AVGO) reported impressive fiscal third-quarter results and issued solid guidance, thanks…
Omar Marques | Lightrocket | Getty ImagesUnitedHealth has sought meetings with U.S. President Donald Trump, although it has not secured a meeting yet, The Wall Street Journal reported on Sunday.UnitedHealth CEO Stephen Hemsley recently met White House Chief of Staff Susie Wiles to discuss Medicare and other issues, WSJ said, citing a White House official.Hemsley also had dinner with Chris Klomp, the official overseeing Medicare in the summer, and discussed Medicare-plan billing policies and supplemental benefits offered under the private Medicare plans, the newspaper said.In a statement to the WSJ, UnitedHealth said that “public policy shapes healthcare across America, and…
Romanian soldiers ride an ATV down a street in the village of Plauru, Danube Delta, 300kms east of Bucharest, Romania, on September 12, 2023. Mihai Barbu | Afp | Getty ImagesRomania scrambled fighter jets on Saturday when a drone breached the country’s airspace during a Russian attack on Ukrainian infrastructure near the border, the defense ministry said.Defense Minister Ionut Mosteanu said the F-16 pilots came close to taking down the drone as it was flying very low before it left national airspace toward Ukraine.A threat of drone strikes also prompted Poland to deploy aircraft and close an airport in the eastern city…
The U.S. and China flags stand behind a microphone at the U.S. Embassy in Beijing on April 9, 2009.Frederic J. Brown | AFP | Getty ImagesU.S. and Chinese officials meet in Madrid on Sunday to hash over longstanding trade irritants, a looming divestiture deadline for Chinese short video app TikTok and demands by Washington that G-7 and European allies impose tariffs on China to halt its purchases of Russian oil.The talks in the Spanish capital mark the fourth time in four months that U.S. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer have met with Chinese Vice Premier…
A TV monitor displays a picture of Tyler Robinson, the suspected of killing Charlie Kirk on September 11, in Orem, Utah, on September 12, 2025.Patrick T. Fallon | Afp | Getty ImagesAs the search unfolded for conservative political activist Charlie Kirk’s assassin, with the suspect identified on Friday as Tyler Robinson, law enforcement parsed every possible lead. One piece of evidence they homed in on: a forearm print taken from the sniper’s position.Before Robinson’s apprehension Friday morning as a result of very human methods — it has been reported that Robinson offered what may have been a form of confession…
A state visit always sends a buzz through the newsroom — and U.S. President Donald Trump’s trip to the U.K. next week looks set to deliver royal, political and business headlines, despite being his second such visit.U.S. President Donald Trump inspected an honour guard during a welcome ceremony at Buckingham Palace in central London on June 3, 2019, on the first day of their three-day State Visit to the U.K. Mandel Ngan | Afp | Getty ImagesWednesday will bring the royal pomp and ceremony.Trump and First Lady Melania will be greeted at Windsor Castle by King Charles and Queen Camilla with…
A Wawa store is seen on May 29, 2024 in Washington, DC. Kent Nishimura | Getty ImagesFast-food restaurants are losing breakfast customers to convenience stores.Morning meal traffic to fast-food chains rose 1% in the three months ended in July, while visits to food-forward convenience stores climbed 9% in the same period, according to market research firm Circana.”Over the long run, convenience stores have taken share, really at foodservice overall, but the morning meal has been their strong suit,” David Portalatin, Circana senior vice president and foodservice industry advisor, told CNBC, noting the trend has largely been driven by what the…
Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2025.CNBC(This is the Warren Buffett Watch newsletter, news and analysis on all things Warren Buffett. You can sign up here to receive it every Friday in your inbox.)UnitedHealth Group shares have soared almost 30% since Berkshire Hathaway’s disclosure in mid-August that it had purchased a bit more than 5 million shares between April 1 and June 30.Minutes before that SEC filing, UNH closed at $271.49. On Friday, it ended trading at $352.51.Although UNH had already started to bounce from its lowest close of the year of $237.77 on…
