The merger was heavily discussed on Twitter and other social media sites and was akin to the Gamestop frenzy of January. While India’s consumer-price inflation is still within the Reserve Bank of India’s 2%-to-6% target range, economists see the second round effects of higher pump prices soon feeding into the headline print.India’s benchmark 10-year bond yields surged to 6.25% on Wednesday, from as low as 5.81% in January. NEWARK, Calif. and NEW YORK, Feb. 22, 2021 /PRNewswire/ -- Lucid Motors ("Lucid"), which is setting new standards for sustainable mobility with its advanced luxury EVs, and Churchill … But CCIV stock sunk on the news – probably because the merger valued the company at $25 billion, while the CCIV stock price at the time was valuing Lucid Motors at about 4X that, or around … Earlier this week, we proudly announced our merger with Churchill Capital Corp IV that would result in our becoming a public company and help bolster our mission to usher in a new era of luxury electric. Churchill Capital (NYSE: CCIV) stock is soaring higher on Friday following a Tweet from Lucid Motors about the upcoming special purpose acquisition company (SPAC) merger. “Their backing of Greensill seems like a rounding error by comparison.”Coupang and its bankers raised the price range of the offering Tuesday, signaling strong demand for the shares. It’s likely many CCIV investors didn’t realize how many shares outstanding (1.6 billion) would exist post-merger. After a 38% plunge, Lucid's CCIV merger values the revenue-free company at $57 billion. “You really are trying to fix the plane when you’re flying it,” he said. In the eyes of CCIV stockholders a rumor is enough to invest into CCIV: Early Monday a rumor swept the globe and CCIV stock is up 7% during pre … CCIV shares are trading above $ 35 at the time of writing, representing a daily gain of 16%. Arrival is fielding four to five times the number of queries from potential customers compared with a year ago as soaring e-commerce during the pandemic and changing emissions regulations have fueled demand, said president Avinash Rugoobur. This would support increases in profits for industrial enterprises -- a positive for the economy.-- David Qu, China economistFor the full report, click here.However, the government’s conservative economic growth goal of more than 6% for this year, and its gradual withdrawal of stimulus mean China could play a lesser role in driving demand for commodities this year than in the years following the global financial crisis.“China may play a less dominant role in exporting global inflation, given that the government’s on the course to tighten fiscal stimulus and property measures,” said Michelle Lam, Greater China economist at Societe Generale SA in Hong Kong. A lack of clarity on the Lucid Motors merger has turned CCIV stock volatile. “I don’t think demand is going to go away, but it’s going to create yet another hurdle as people navigate how to get into the market -- particularly for younger, first-time buyers.”Last week, the average rate for a 30-year fixed mortgage climbed above 3% for the first time since July, according to Freddie Mac. Copyright © The five-year swap rate was down one basis point to 5.38% on Wednesday.‘Pump Prices’Swap markets across Asia are signaling tighter monetary policies going ahead, making it challenging for central banks to nurture a recovery without stifling growth. Find the latest Churchill Capital Corp IV (CCIV) stock quote, history, news and other vital information to help you with your stock trading and investing. While borrowing costs are still near historic lows, the quick jump has already begun eroding the purchasing power that enabled buyers to push up home prices across the country in recent months.The bidding frenzy has been one of the big surprises of the pandemic. Already up 250 % - do I dump now and … 2021 InvestorPlace Media, LLC. Investors can catch up on CCIV with the following articles from InvestorPlace. That funding followed $1 billion from SoftBank itself in 2015, valuing the startup at about $5 billion.Read more: Tech Stocks Lose $1.6 Trillion in Worst Streak in Six MonthsA global rally in technology shares boosted the Vision Fund to a record 844.1 billion yen ($7.7 billion) profit in the December quarter, raising the value of its holdings in the likes of Uber Technologies Inc. and paving the way for IPOs from the likes of Coupang. #1 Play to Profit from Biden's Presidency. What Did the Stock Market Do Today? On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. This higher share count led to a market cap that was higher than anticipated and contributed to CCIV’s post-merger … Purchase activity has cooled some in recent weeks but is still on par with levels seen a year ago, before the pandemic, Freddie Mac said last week.In the Denver area, Carlos Gomez and his girlfriend, Angela Davies, were initially surprised to learn they could afford a $450,000 house and still stay within their monthly budget, thanks to rock-bottom borrowing costs.Now that rates are rising, they may be forced to look at a lower price point, where there are even fewer available properties, Gomez said.“It’s going to knock us out of the game,” said Gomez, adding they had already lost out on two houses to all-cash buyers.For Tammy White, a teacher in Sacramento, the timing couldn’t be worse. Shares of Churchill Capital IV (NYSE:CCIV) dropped as much as 12% on Monday before closing the session with a decline of 5.5%. When lockdowns lifted, buyers -- armed with low mortgage rates -- emerged with a newfound urgency to acquire properties with enough room for home offices and Zoom school.Intensifying the competition for a tight supply of listings was a dramatic shift as millennials, who’d spent years renting in urban centers, came into prime home-buying age. Bloomberg on January 11 reported that electric vehicle maker Lucid is in talks to go public through a merger … )For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P. (Bloomberg) -- SoftBank Group Corp., the biggest shareholder in Coupang Inc., stands to reap an enormous windfall when the South Korean e-commerce leader goes public this week, giving founder Masayoshi Son further evidence his often-criticized startup bets are paying off.The Japanese company owns about 35% of the startup and could report an unrealized gain of as much as $16 billion after Coupang raised the target price range for its initial public offering. After months of speculation, one of the most talked about SPAC deals has been confirmed. “Given its position in the South Korean market and how well it sits in SoftBank’s overall portfolio, it’s an investment they could hold on to for a while.”Chief Executive Officer Bom Kim, a Harvard University dropout, founded Coupang in 2010 and has since grown the company into Korea’s version of Amazon.com Inc. 1125 N. Charles St, Baltimore, MD 21201. Does Collapse of CCIV Stock Foreshadow the End of the SPAC Craze? Churchill (CCIV) shares down 32% in the first hour of Tuesday. Without more information about the Lucid Motors SPAC merger, any CCIV stock movement is highly speculative. Just some more promises to build new luxury electric vehicles (EVs). At the high end of that range, the company would be valued at roughly $58 billion.The listing would be one of the biggest on record by an Asian company on a U.S. exchange and the largest since the $25 billion IPO by Alibaba Group Holding Ltd. in 2014, Son’s biggest success to date.“Coupang is not likely to be just another quick-money exit for SoftBank,” said Anthea Lai, an analyst with Bloomberg Intelligence. And this valuation is the reason behind the latest Twitter argument, … (Bloomberg) -- China’s producer prices rose at the fastest pace in more than two years in February, joining more expensive oil, computer chip shortages and soaring shipping costs as tailwinds for global inflation pressures.The Chinese producer price index rose 1.7% from a year earlier, official data showed Wednesday, stronger than economists’ forecasts for a 1.5% increase and up from 0.3% in January. GE also confirmed a deal to combine its aircraft leasing business, GECAS, with AerCap Holdings N.V. . (Bloomberg) -- The global economic recovery is fueling speculation central banks will soon be shifting into tightening mode -- nowhere more so than India.Five-year interest-rate swaps jumped 63 basis points in February, the biggest advance since the 2013 taper tantrum, reflecting growing expectations of a tighter monetary policy. “Nobody really cares about us, but it just makes it so difficult. Peter Cohan. CCIV Stock: One Lucid Merger Tweet Has Churchill Capital Moving Higher, What to Know About the SSR Stocks Rule as GME Moves Wildly >>> READ MORE, Churchill Capital Bulls and Bears May Each Have Their Patience Rewarded, Schedule a Rain Check On Your Churchill Capital Roadtrip. Why Everyone Is Investing in 5G All WRONG, Top Stock Picker Reveals His Next Potential Winner. Churchill Capital (NYSE:CCIV) stock is soaring higher on Friday following a Tweet from Lucid Motors about the upcoming special purpose acquisition company (SPAC) merger. On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. When it comes to the CCIV-Lucid merger, it wasn't the usual Stocktwits, Reddit, or Twitter discussions. It doesn’t matter if you have $500 in savings or $5 million. Earlier this week, we proudly announced our merger with Churchill Capital Corp IV that would result in our becoming a public company and help bolster our mission to usher in a new era of luxury electric. Due to the novel coronavirus, production has been delayed. Cryptocurrency mining company Riot Blockchain Inc (NASDAQ: RIOT) and cryptocurrency mining chip manufacturer NVIDIA Corporation (NASDAQ: NVDA) were also given a sizable allocation of 15% each. Earlier this week the company had raised the expected price to a range of $32 to $34 a share, from a previous target range of $27 to $30. Due to the novel coronavirus, production has been delayed. Instead, production is now set to start in the second half of the year. #LucidAir #DreamAhead, InvestorPlace - Stock Market News, Stock Advice & Trading Tips, Read more: https://t.co/EAU9a8mAGd pic.twitter.com/wGE3iOrm5w, — Lucid Motors (@LucidMotors) February 25, 2021. The company said the timing of the reverse split will take place, at the board's discretion, before the one-year anniversary of its 2021 annual shareholder meeting scheduled for May 4. All rights reserved. CCIV shares are currently at $57.50 up 2% in Thursday premarket trading. Bond markets have already been roiled by expectations that faster global growth and massive fiscal stimulus in the U.S. will push up inflation.Chinese producer prices have been a major contributor to global inflation in recent decades as supply chains became more integrated. Tax Break in Covid Relief Bill Leads to Calls for Congress to Delay Filing Deadline, JPMorgan To Launch Cryptocurrency Exposure Basket With 11 'Bitcoin Stocks' Including MicroStrategy And Square, Dow ends at a record high while Nasdaq remains in correction — That hasn’t happened in 20 years, AMC lost nearly $1 billion in holiday season, but stock is gaining as executives see better days ahead, GE proposes reverse stock split to boost price 8-fold, Asia’s Biggest Rate-Hike Bets Mount in India as Swaps Surge, Surge in Mortgage Rates Threatens to Slow U.S. Housing Rally. I’m trying to be smart about it.”Even with some buyers more restrained on what they can pay, home prices are still likely to rise at a brisk pace, because of the underlying demand and tight supply, said Matt Speakman, an economist at Zillow. RBLX Stock IPO: When Does Roblox Go Public? Why It Matters: A few weeks ago, strategists from JPMorgan endorsed a one percent allocation towards cryptocurrency in a note to clients. Hailed by China as a symbol of "mutually beneficial cooperation", the pipeline has become a target for public anger over perceptions Beijing is backing the junta that seized power in a Feb. 1 coup. Damn, the manipulation knife on a Friday in order to scoop up cheaper shares before Merger … #LucidAir #DreamAhead, Read more: https://t.co/EAU9a8mAGd pic.twitter.com/wGE3iOrm5w, — Lucid Motors (@LucidMotors) February 25, 2021. Social Capital Hedosophia (NYSE: IPOF) stock is on the move on Tuesday after several Twitter and Stocktwits accounts noted that Lucid Motors will merge with Chamath Palihapitiya’s special-purpose acquisition company, instead of Churchill Capital Corp IV (NYSE: CCIV… That’s up from the record low of 2.65%, reached in early January.Even small changes in interest rates can have a big impact for buyers. The Short Answer Is No. AMC Entertainment Holdings Inc. reported a loss of nearly $1 billion in the holiday season to wrap up a woeful year of closed as movie theaters, but executives sounded a hopeful note for reopening in 2021.