As traders return from the holiday-shortened week, the price action heading into the new year will be closely monitored — especially given the relatively light economic data and earnings calendar for the coming days.The S&P 500 is entering the period known for ushering in the so-called Santa Claus Rally, or seasonally strong timeframe for stocks at the end of each year.According to data from LPL Financial, the Santa Claus Rally period encapsulates the seven days most likely to be higher in any
Colin Kaepernick SPAC deal with minority lender is said to collapse
Colin Kaepernick-backed SPAC Mission Advancement Corp.'sdeal to buy a lender that focused on minority borrowers is to have collapsed.The SPAC's deal to acquire The Change Co. is said to have ended over the former NFL quarterback and social activist's reluctance to appear on TV to promote the deal including appearing on "Good Morning America," according to a WSJ report. Kaepernick declined to be involved in interviews surrounding the transaction.A spokesman for Kaepernick’s Mission Advancement to
every now and then.. new "news" will come out to keep price in check..
Alibaba shares fell 3.45% in premarket trading
Alibaba shares fell 3.45% in premarket trading.Chinese regulators have suspended an information-sharing partnership with Alibaba Cloud Computing, a subsidiary of e-commerce conglomerate Alibaba Group, over accusations it failed to promptly report and address a cybersecurity vulnerability, according to state-backed media reports.