Bookending the blitz, Chamath Palihapitiya begins unwinding two SPACs

Nearly three years ago, a special purpose acquisition vehicle (SPAC) spearheaded by investor Chamath Palihapitiya took the space tourism company Virgin Galactic public. It was the first human spaceflight company to trade on the NYSE — or any exchange, for that matter — and it was so successful that it almost immediately kicked off a … Read more

Crude Oil’s Inflation Trade Is Unwinding, Credit Suisse Says

(Bloomberg) — This year’s standout inflation trade of backing commodities is coming under pressure on concern a recession will curb demand for raw materials. Most Read from Bloomberg That’s the view of Mandy Xu, head of equity derivatives strategy at Credit Suisse Group AG, who said derivatives-market bets for crude show growing speculation that the … Read more