One-time ‘SPAC King’ Palihapitiya launches new blank-check vehicle with plan to ‘temper’ retail fervor

One-time ‘SPAC King’ Palihapitiya launches new blank-check vehicle with plan to ‘temper’ retail fervor

Venture capitalist Chamath Palihapitiya. Mark Kauzlarich/Bloomberg via Getty Images Chamath Palihapitiya, once dubbed Wall Street’s “SPAC King,” is back with a new blank-check vehicle and a promise to do better after a bruising track record. Palihapitiya on Monday launched the American Exceptionalism Acquisition Corp. A (AEXA), a $345 million SPAC that he said was more…

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Broadcom gets more Street approval, but Cramer says it’s not in a race with Nvidia

Broadcom gets more Street approval, but Cramer says it’s not in a race with Nvidia

Broadcom ‘s custom chips are no threat to Nvidia , according to the latter’s CEO. Broadcom’s application-specific integrated circuits (ASICs), also known as custom chips, have soared in popularity with hyperscalers, such as Alphabet ‘s Google. The key partnership led to the successful launch of Google’s Gemini 3. The latest iteration of the AI model was…

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Treasury yields up as collapse of Iran talks clouds inflation outlook

Treasury yields up as collapse of Iran talks clouds inflation outlook

Treasury yields edged higher on Monday as the breakdown of negotiations between Iran and the U.S. clouded the inflation outlook once again. The yield on the 10-year U.S. Treasury note — the benchmark for government borrowing — was up more than 1 basis point at 4.333%. The 2-year Treasury note yield, which is more sensitive to short-term Federal Reserve interest rate…

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