Sarcos Robotics eyes $1.3 billion valuation in merger with SPAC backed by ex Credit Suisse exec

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• US SEC official warns SPAC dealmakers of the risks and complexities tied to blank-check mergers Summary List Placement A US regulatory official has warned SPAC dealmakers about risks and complexities in the space. The SEC's Paul Munter said target companies should be prepared to become public. The recent performance of blank-check companies disappointed in March when IPO prices fizzled out. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. A US markets watchdog official on Wednesday cautioned blank-check company dealmakers about the risks and governance issues that come with raising capital…
• SPACs are taking over the stock market. Here's an easy guide to the journey they take from start to finish. Summary List PlacementSPACs were once a little-known way for private companies to go public without having to IPO. But in 2020, the number of SPACs on the market quadrupled from the year before, according to SPAC Insider data. Already this year, the number has already surpassed 2020's record with 298 SPACs and more than $97 billion raised. Those launching SPACs aren't just former CEOs or private equity investors anymore. Celebrities, like Colin Kaepernick, Shaquille O'Neal, Tony Hawk, and Jay-Z, have…
• The SPAC boom powered the strongest first quarter for dealmaking in 40 years – topping even the dotcom bubble of 2000 Summary List Placement A boom in blank-check companies helped global M&A to its best first quarter in 40 years, data showed. Global dealmaking hit $1.3 trillion, with US M&A soaring to $654 billion, as markets surged. Some analysts are concerned that the M&A boom is reminiscent of the 1990s dotcom bubble. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. The huge boom in blank-check companies powered the best first quarter for mergers and acquisitions since…
• Hulu's new WeWork documentary takes you inside the cult-like coworking company. But here are 6 key details it missed. Summary List PlacementLavish parties, free-flowing tequila, and crying employees: Hulu's new documentary captures WeWork's wild ride. The startup's roller-coaster journey started in a Brooklyn office and nearly ended in bankruptcy.  "WeWork: Or The Making and Breaking of a $47 Billion Unicorn," directed by Jed Rothstein, charts founder Adam Neumann's attempts to make his startup more than a company that subleased beautifully decorated desks and office space. Neumann, now 41, sold investors like SoftBank and Benchmark Capital on his ambitions to…
• The best cash-back credit cards of 2021  Table of Contents: Masthead StickySummary List PlacementCash-back credit cards earn points on your spending that can be redeemed as cash, either transferred to your bank account or applied as credit to your bill. Depending on the card you use and the purchase you're making, cash back credit cards can earn anywhere from 1% to 6% back. Even better, many cash back cards have no annual fee, so you don't have to pay for the privilege of earning rewards. The best…
• The best airline credit cards of 2021  Table of Contents: Masthead StickySummary List PlacementThe best airline credit cards of 2021: Category Credit card Best card if you're not loyal to one airline: Chase Sapphire Preferred® Card Best card for American Airlines flyers: Citi® / AAdvantage® Platinum Select® World Elite™ Mastercard® Best card for Delta flyers: Delta SkyMiles® Platinum American Express Card Best card for United flyers: United℠ Explorer Card Best card for Southwest flyers: Southwest Rapid Rewards® Priority Credit Card Best card for Alaska flyers: Alaska Airlines…
• The best Capital One credit cards of 2021 — whether you want travel rewards, cash back, or an intro APR offer  Summary List PlacementTable of Contents: Masthead StickyThe best Capital One credit cards of 2021: Category Best Capital One credit card Best for travel rewards: Capital One® Venture® Rewards Credit Card Best for cash back: Capital One® Quicksilver® Cash Rewards Credit Card Best for dining and entertainment: Capital One® Savor® Cash Rewards Credit Card Best for intro APR: Capital One® SavorOne® Cash Rewards Credit Card Best business card for cash back: Spark® Cash from Capital One® Best business card for travel:  Capital…
• Deliveroo slumps 30% at its London trading debut after pricing shares well below the lower end of IPO range Summary List PlacementDeliveroo fell as much as 30% in the food delivery-startup's public trading debut on Wednesday, marking a downbeat start to the biggest initial public offering in London in a decade. The company's shares were trading at an intraday low of 271 pence ($3.78) per share, according to the Financial Times, citing data from Refinitiv, lower than the offering price of 390 pence ($5.35).  The UK-based company had priced 384.6 million shares at 390 pence per share, the bottom…
• See how fire engulfed 18-wheeler cab on 5 Freeway in San Fernando Valley The cab of a semi truck burst into flames late Friday and became fully involved in fire on the 5 Freeway in Pacoima, though the driver managed to get the rig out of lanes before jumping out of the cab unharmed. Los Angeles firefighters responded to the northbound 5 Freeway at the Van Nuys Boulevard off-ramp about 11:29 p.m. Friday, and took about 10 minutes to extinguish the blaze that fully engulfed the 18-wheeler’s cab, said a photographer at the…
• Instacart Power players: The 9 top executives helping Instacart dominate the grocery delivery sector as the company eyes an IPO Summary List PlacementBy all accounts, Instacart is firing on all cylinders lately. In 2020, Instacart added more than 200 new retailers and more than 15,000 new store locations to its marketplace. Instacart now delivers from more than 45,000 grocery stores and retailers in North America. And its latest round of funding more than doubled its valuation to $39 billion. In December 2020, new customer acquisitions grew 90% compared to December 2019, according to M Science, which analyzes delivery transaction data. …