Merging with a special-purpose acquisition company (SPAC) was a speedy route to the stock market for hundreds of eager start-ups in 2021 and 2022.
Category: TRENDS ON THE U.S. ECONOMIC FRONT – May 2 2023
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ECONOMIC UPDATE – MARKET OVERVIEW
The big news on The Street is that after yesterday’s collapse of First Republic Bank, the second largest bank failure in U.S. history which followed the third largest bank failure in U.S. history when Silicon Valley Bank went bust on 10 March—two days before the fourth largest bank failure in U.S. history when Signature Bank went under—is that Happy Days are Here again... and everything is just fine.