Sunday, December 3, 2023

This just in – celebrities are not necessarily the best investment advisers

The U.S. Securities and Exchange Commission issued today a warning to investors about buying shares of special purpose acquisition companies (SPACs) based on endorsements from Hollywood actors, professional athletes, and famous musicians, reports Bloomberg. “It is never a good idea to invest in a SPAC just because someone famous sponsors or invests in it or says it is a good investment,” the agency said in a statement. In a related news flash, BIG Media reports that humans should not skydive without a parachute.

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Israel bombs hundreds of targets in Gaza as truce talks continue

(Al Jazeera Media Network) Israel’s attacks on Gaza have stretched into a second day after a seven-day truce with Hamas ended, as talks continue with the Palestinian...

Santos expelled from Congress in historic vote

(BBC News) The U.S. House of Representatives has expelled congressman George Santos, following a damning ethics report and dozens of criminal charges. "To hell with...