Friday, September 30, 2022

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.

BIG Media
Our focus is on facts, accurate data, and logical interpretation. Our only agenda is the truth.

BIG Wrap

Russia to formally annex four more areas of Ukraine

Russia's Vladimir Putin will hold a signing ceremony on Friday to annex four more areas of Ukraine after referendums condemned by Ukraine and the...

Ian approaches Florida as strong Category 4 hurricane

Hurricane Ian is gaining strength as it nears the Florida coast in the United States' southeast, with sustained winds approaching 250 km/h, the BBC reports. Millions...