Softbank-backed Grab falls more than 20% in first day of trading following largest-ever SPAC merger

The S&P 500 is testing a critical chart level that could determine whether there’s a year-end rally

Strategists who watch stock charts say the market is at a pivotal point, and the action Thursday and Friday could be important for market direction.

CNBC Disruptor 50

Softbank-backed Grab falls more than 20% in first day of trading following largest-ever SPAC merger

Published Thu, Dec 2 2021
10:33 AM EST
Updated 29 Min Ago Riley de León
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WeChat Pay exec says he hopes payments business can be ‘in all places,’ as rivalry with Alibaba eases

Barriers between China’s tech giants like Alibaba and Tencent are coming down as the companies rush to comply with Beijing’s anti-monopoly crackdown.

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