Volvo's Polar Star may be valued at $25 billion through SPAC listing

Polestar, Volvo's electric car brand, is in talks to go public through a merger with Gores Guggenheim, a special-purpose acquisition company, according to people familiar with the matter. The combined company could be valued at about $25 billion, according to sources. The two sides have not yet reached any agreement, the terms of the agreement may change and the negotiations may break down.

新浪財經Jul 9, 2021 10:09

Retail sales in the United States grew steadily for two consecutive months before the decline in May.

After the profligacy of the stimulus bailout in the first two months, US retail sales fell in May, suggesting that consumers are starting to shift more spending to services as the economy reopens. Figures released by the Ministry of Commerce on Tuesday showed that total retail sales fell 1.3% in May; the April figure was revised up to 0.9%. Economists surveyed by Bloomberg expect retail sales to fall 0.8% in may. Over the past year, fiscal stimulus has pushed up household savings and supported demand for goods, making retail sales much higher than they were before the pandemic. The decline in May shows that as travel increases and places of entertainment reopen

新浪財經Jun 15, 2021 20:47