Tag Archives: carnage

What investors can learn from the carnage in SPACs

What investors can learn from the carnage in SPACs

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, April 28, 2022 SPACs are getting spanked this year, as risk-off sentiment spares virtually no asset class. All told, sponsors have abandoned plans for at least 56 new SPACs in 2022 (seven last week alone). Meanwhile, regulators are gearing up to tighten rules for these IPO alternatives beleaguered by poor performance and outright fraud… Source link

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Kentucky governor describes carnage left by tornadoes

Kentucky Gov. Andy Beshear said Sunday that a tornado outbreak in his state has led to 80 reported casualties with that number expected to rise as authorities continue to sift through the wreckage. “I can tell you from reports that I’ve received, I know we’ve lost more than 80 Kentuckians. That number is going to exceed more than 100,” Beshear said on CNN. Satellite imagery of Mayfield, Ky., after a tornado hit the town. (Satellite image (c) 2021 Maxar Technologies, via Getty Images) He… Source link

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