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As Stocks Struggle For A Green May, Retail Earnings Again Dominate Weekly Calendar

The world seems to be in a buying mood so far this morning, helped in part by strength in bitcoin. Without much in the way of news over the weekend, cryptocurrency prices are continuing to set the momentum. ....

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SPACs Close Down Again on a Sleepy Friday

SPACs Close Down Again on a Sleepy Friday
SPACs closed down on the day again, with the average pre-deal SPAC trading at $9.80. No new deals today, with just 4 announced on the week.
Author:

It s definitely been a sad May for SPACS with little good news to get investors excited. That being said, we continue to reiterate our view that the slowdown is positive for the longterm health of the broader SPAC market.
Little activity today with no new mergers getting announced, and just one new IPO traded with
Graf Acquisition Corp. closing down 0.7%. SPACs slid lower, once again, and the average pre-deal SPAC is now trading at $9.80 a steep discount to NAV. ....

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China says Martian rover takes first drive on surface of Red Planet

ScienceChina says Martian rover takes first drive on surface of Red Planet
Reuters
2 minute read
An image taken on Mars by Chinese rover Zhurong of China s Tianwen-1 mission is seen in this handout image released by the China National Space Administration (CNSA), May 19, 2021. CNSA/Handout via REUTERS
A remote-controlled Chinese motorised rover drove down the ramp of a landing capsule on Saturday and onto the surface of the Red Planet, making China the first nation to orbit, land and deploy a land vehicle on its inaugural mission to Mars.
Zhurong, named after a mythical Chinese god of fire, drove down to the surface of Mars at 10:40 a.m. Beijing time (0240 GMT), according to a post on the rover s official Chinese social media account. ....

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Private equity eyes IPO, SPAC exit wave as Covid-19 recedes: EY | AltAssets Private Equity News

Half of private equity executives are planning IPO or SPAC exits within the next two years amid a surge in PE divestments as the Covid-10 pandemic recedes, new research shows. ....

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China postpones launch of Tianzhou-2 cargo spacecraft -Xinhua

ChinaChina postpones launch of Tianzhou-2 cargo spacecraft -Xinhua
Reuters
1 minute read
The launch of China s Tianzhou-2 cargo spacecraft has been postponed due to technical reasons, the official Xinhua news agency reported on Wednesday.
The next launch time would be determined later, Xinhua reported, citing the China Manned Space Agency.
The Tianzhou-2 cargo spacecraft is being carried by the Long March-7 Y3 carrier rocket. ....

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