The SPAC market is so hot that this year's fundraising haul has already surpassed all of 2020's. And it's not even April. Understandably, the world's largest asset manager worries the SPAC boom is overdone."If you look at the SPAC market,…
It's been a long year for Disneyland fans, but "The Happiest Place On Earth" is finally set to reopen its doors.The flagship Disney resort, which houses Disneyland and its sister theme park California Adventure, plans to reopen with limited capacity…
London is fighting to maintain its standing as the best city outside New York for bankers and traders to do business.The British capital lost significant ground in the first Global Financial Centers Index published since the United Kingdom completed its…
Once upon a time, investors' biggest concern was the pandemic that doused markets in uncertainty. No longer.What's happening: For the first time since February 2020, Covid-19 is not the greatest fear cited by portfolio managers surveyed by Bank of America.…
In the early days of the internet, it was novel and exciting to find ratings and reviews of contractors on a site like Angie's List. That's long changed — and it's one reason the Angie's List brand is being retired…
The coronavirus pandemic has forced even the biggest airlines to ground planes, slash jobs and bolster their finances to survive the worst crisis in aviation history. A full recovery is still years away, but a handful of gutsy CEOs think…
As business leaders warn about the risks of a corporate tax hike, the world's largest asset manager is decidedly unfazed. The resurgent US economy can handle it, BlackRock executive Rick Rieder told CNN Business.The White House is laying the groundwork…
Will crude oil prices continue their recent dramatic boom as the pandemic recovery takes hold? Perhaps not.The International Energy Agency said Wednesday that it does not expect oil to enter a "supercycle," or extended period during which prices rise well…
After months of sporting the "casual look" -- in some cases surrendering fully to our inner shaggy and shabby -- consumers are itching to trim, wax and glue their way back to their glorious pre-pandemic selves.Service providers for body waxes,…
General Electric is in talks to combine its massive aircraft leasing unit with rival AerCap Holdings.The talks, first reported late Sunday in the Wall Street Journal, were confirmed Tuesday morning by AerCap, the Ireland-based leasing giant — though the firm…
"Blinding Lights" singer The Weeknd may be the latest chart-topping Black performer to be snubbed by the Grammys, but he's far from alone.A new study unveiled Tuesday underscores just how rare it has been for the music industry's most prestigious…
Piers Morgan was blasted by a co-host on "Good Morning Britain" on Tuesday for his behavior towards Meghan, Duchess of Sussex, prompting the former CNN anchor to briefly walk off the set of the ITV show.The incident followed Oprah Winfrey's…
Finally, some good news: The outlook for the global economy is clearly improving.What's happening: The Organization for Economic Cooperation and Development unveiled major upgrades to its global forecast on Tuesday. It said that "economic prospects have improved markedly in recent…
Oprah Winfrey's bombshell interview with Prince Harry and Meghan, Duchess of Sussex, attracted a blockbuster audience when it was broadcast in the United Kingdom on Monday.The 110-minute interview on ITV attracted an average of 11.1 million viewers between 9 p.m.…
Anthony Scaramucci is dumbfounded by the universal opposition among Republicans in Congress to President Joe Biden's $1.9 trillion America Rescue Plan.After largely blessing Trump's tax cuts, spending surges and Covid relief packages, not one Republican lawmaker in the US Senate…
After plunging into recession for the first time in nearly a quarter of a century, India's economy should come roaring back to life in 2021.India's gross domestic product is projected to expand by 12.6% during the country's fiscal year starting…
Unilever, the owner of Dove, Vaseline and Axe, is dumping the word "normal."The consumer goods giant announced Tuesday that it would no longer use the term to describe certain physical characteristics on its packaging for beauty and personal care products,…
A group of 20 Teen Vogue staff members sent a letter to management on Monday expressing concern over their recently appointed editor in chief, Axios political reporter Alexi McCammond.According to a note published on Twitter by Teen Vogue's staffers, the…
Wells Fargo is the latest big bank to embrace ambitious lending goals to fight the climate crisis.The bank is setting a goal of net zero greenhouse gas emissions — including from the companies and projects it finances — by 2050.…
This week's news coverage of the coronavirus will toggle between retrospectives about the one-year anniversary of the pandemic and forward-looking reports about vaccines and variants. I have compiled what some news outlets are doing to mark the moment, but first,…
