• Smart-Lock Maker Latch to Use Tishman Speyer SPAC to Go Public

    Smart-Lock Maker Latch to Use Tishman Speyer SPAC to Go Public0

    Latch Inc., a maker of smart locks and building-management software, plans to go public by merging with a special-purpose acquisition company backed by a real-estate giant, the latest startup looking to use a so-called blank-check vehicle to cash in on strong investor interest in tech-enabled businesses. The merger will unite venture-capital-backed Latch with TS Innovation

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  • Warren Buffett’s Investments in Japan Struggle to Keep Up With the Market

    Warren Buffett’s Investments in Japan Struggle to Keep Up With the Market0

    TOKYO—The chief executive of Japan’s Sumitomo Corp. was scrolling through emails on his iPhone late one night when he noticed one from Warren Buffett’s company. Masayuki Hyodo thought it looked like an ad, but he opened it just in case, then tapped on the PDF attachment. Before Mr. Hyodo’s eyes was a personal letter signed

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  • When SPACs Attack! A New Force Is Invading Wall Street.

    When SPACs Attack! A New Force Is Invading Wall Street.0

    The hottest thing in finance is four letters long. Former NBA star Shaquille O’Neal has one. So does former House Speaker Paul Ryan. Same goes for silver-haired hedge-fund billionaire William Ackman. It’s called a SPAC, and increasingly it is the favorite source of financing for private companies looking to go public. Richard Branson’s space-exploration firm

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  • Meet the high-flying bankers riding the Spac wave

    Meet the high-flying bankers riding the Spac wave0

    Senior financiers, who have stepped down from some of the most high-profile roles in banking, have found a new reason to be lured out of retirement. The boom in so-called blank cheque companies, which raise money on public equity markets to fund acquisitions, has captured the imagination of celebrities and senior bankers alike, many of

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  • Tesla, GameStop, Coherent: What to Watch When the Stock Market Opens Today

    Tesla, GameStop, Coherent: What to Watch When the Stock Market Opens Today0

    Here’s what we’re watching ahead of Tuesday’s opening bell. —U.S. stock futures climbed ahead of a slew of earnings releases and testimony by Janet Yellen in which she is expected to support higher coronavirus relief spending. Futures tied to the S&P 500 rose 0.7%, pointing to a rally after the opening bell. Those linked to

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  • Goldman Sachs Stock Nears a Record High

    Goldman Sachs Stock Nears a Record High0

    Text size Goldman Sachs headquarters in lower Manhattan. JOHANNES EISELE/AFP via Getty Images Goldman Sachs Group stock was flirting with a record high on Tuesday amid growing optimism about its results for the fourth quarter and its 2021 outlook. Shares of Goldman (ticker: GS) were up 3%, to $272.58, just shy of the record closing

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