The pioneer behind Japan’s hoverbikes thought merging with a special purpose acquisition vehicle would be a hassle-free way to go public, raise some cash and grow. Instead, it’s become a case study on how SPAC deals can undermine the future of innovative startups.
Canada’s banking regulator is proposing to make it more costly for lenders to accommodate mortgage borrowers who stretch out their loans in an effort to limit housing-market risks in the financial system.
One of Blue Origin LLC’s next-generation rocket engines caught fire during testing late last month, an issue that could delay its delivery to a key customer.
California has, in just three years, seen a tenfold increase in batteries plugged into its grid as solar and wind installations take the place of aging gas-burning power plants.
The UK will make it easier for military personnel to “zig-zag” into civil service jobs and other parts of the armed forces as part of its latest defense plans, Prime Minister Rishi Sunak said, in a bid to boost retention of highly-trained staff.
A Senate panel investigating the proposed tie-up between the PGA Tour and Saudi-backed LIV Golf pried loose new details on the deal’s financing and side arrangements in a hearing Tuesday.
US prosecutors charged a New York man with stealing millions of dollars in crypto after exploiting vulnerabilities on a decentralized finance or “DeFi” platform — the latest sign of increased willingness by authorities to wade into this corner of the digital-asset market to thwart alleged wrongdoing.
With Hollywood writers on strike and actors poised to follow, the Fox broadcast network released its new prime-time TV schedule, featuring a slate of reality shows and cartoons.
The stock market finished higher before a report that’s expected to show a slowdown in inflation, which will help shape the outlook for the Federal Reserve’s next steps.
The implied chance of Microsoft Corp.’s takeover of Activision Blizzard Inc. going through jumped to around 80% from roughly 40% a day earlier after a US judge gave the deal a green light.
