Insight Weekly: North America M&A tumbles; SPAC IPOs decline; US companies cut costs

Companies cut costs to keep expenses in check

Companies have responded to a tougher economic environment by lowering costs.

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Tech firms, cruise companies see biggest jumps in market cap

Apple crossed the $3 trillion mark first, but Nvidia saw its market value increase nearly 192% this year.

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Short sellers avoid mega-cap stocks that drive market rally

Overall short interest in the S&P 500 rose in the first half of 2023, though sellers generally reduced or kept their already low positions against the technology companies that drove stocks higher.

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US corporate debt issuance picked up in H1 2023

Companies are tapping the bond market again despite rising borrowing costs with debt issuance by nonfinancial corporations increasing by 36% on the 2022 level.

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China could cement IPO lead with new listing rules, upcoming mega deals

The Shanghai and Shenzhen bourses, which ranked first and second in the first half global IPO league table, could reinforce their positions given the full implementation of China's new listing rules and mega deals in the pipeline.

—Read the full article from S&P Global Market Intelligence