Private companies are flooding to Special Interest Acquisition Companies, or SPACs, to bypass the traditional IPO process and gain a public listing. WSJ explains why some critics say investing in these so-called blank-check companies isn’t worth the risk. Illustration: Zoë Soriano/WSJ
Markets and economics are complex. It’s easy to be overwhelmed by a sea of wonky indicators and lose track of why they matter. This series breaks down the basic terms and ideas that move the markets.
Up Next in WSJ Glossary
How PMIs Signal Early Warnings for the Economy
In 2018 and 2019 during the U.S.-China trade war, investors and policy makers embraced global manufacturing PMIs as a leading barometer of economic health. WSJ explains how purchasing managers can offer an early look at the direction of the economy.
Real Life. Real News. Real Voices
Help us tell more of the stories that matterBecome a founding member
Cash Is Back. Here’s Why
Cash is often viewed as a safe, but boring investment. But lately, it’s looking shinier than it has in a while. WSJ explains why investors are piling trillions into money market accounts, even as stocks reach new highs.
The Debate Over Share Buybacks, Explained
Companies on the S&P 500 have poured more than $5.3 trillion into repurchasing their own shares since 2010. WSJ explains how stock buybacks work, and why there’s debate over whether or not they’re good for the economy.
Subscribe to the newsletter news
We hate SPAM and promise to keep your email address safe