Will Churchill Capital IV Cut a Deal With Lucid Motors? Buying the SPAC CCIV comes with plenty of downside risk and a lot of unknowns.
For most of 2021, we ve watched Churchill Capital IV (CCIV) court Lucid Motors. Every day a new rumor flies that a deal between the companies is pending in which Lucid will come public via SPAC (Special Purpose Acquisition Company) CCIV. There are Bloomberg screenshots floating around Twitter (TWTR) constantly. Links of board members and business addresses being uncovered on the internet. Whether they mean anything or not is subjective. The world of finance is an incestuous one. I know more than my fair share of individuals who serve on multiple boards but those companies never do business together. It could be coincidence or perhaps it helps facilitate a deal in the end. Either way, here we are after another long weekend and no deal between the two despite overwhelming social media sentiment the past few days that it was a sure thing.
(MENAFN - Baystreet.ca)
The Canadian dollar is trading near a three-year peak. USD/CAD closed on Friday at $1.2690 and touched $1.2611 today, with a spike in West Texas Intermediate (WTI) oil prices, contributing to the slide. The U.S. dollar is under pressure against the G-10 majors and opened in New York with losses across the board.
WTI oil surged to $60.92/barrel yesterday as a massive, nasty winter storm roared through Texas, across most of the U.S. and a large part of Canada. Power outages across Texas also shut down oil refineries and drilling rigs, which led to the spike in crude prices. Prices have already retreated from the top.
Bitcoin climbs to $US50,000 as crypto bubble surges to insane levels
Posted
TueTuesday 16
updated
WedWednesday 17
Adam Malolepszy was initially a cryptocurrency sceptic but has since bought bitcoin and dogecoin.
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For years, Adam Malolepszy had resisted the urge to bet on cryptocurrency, telling his friends it was a bubble waiting to burst .
Key points:
It surged to record highs after endorsements by Tesla, Paypal, Square, Mastercard and BNY Mellon
Tesla CEO Elon Musk warned that cryptocurrencies should be treated as speculation
Then in mid-December, the infamously volatile bitcoin surged to a (then) record high of $US20,000.