Prosperity Bancshares PB

A Special Purpose Acquisition Company (SPAC), often referred to as a "blank check company," is a publicly traded shell corporation formed solely to merge with a private business, allowing it to go public without a traditional IPO. This article thoroughly explains how SPACs function, their advantages and disadvantages for both companies and investors, and their current role in the capital markets.

Defensive stocks, including companies like McDonald's and Pfizer, provide stability during market volatility. Learn how these stocks can protect your portfolio in uncertain times and how to trade them using CFDs for flexibility and leverage.

On Wednesday, 17 September, the FOMC cut rates by 0.25 percentage point, setting the new federal funds target range at 4.00% to 4.25%. The markets shifted in response. Read more.