Biden is spending big to expand the nation’s safety net in the wake of the pandemic. In his first 100 days, he spent $1.9 trillion and pitched another $4 trillion to assist families and create jobs. “COVID has now created a stormwave of support for government,” Barney Frank told Insider. See more stories on Insider’s business page. When he first […]

Paramount Pictures has closed a three-year first-look development deal with Ryan Reynolds’ Maximum Effort Productions. The deal covers motion picture development for all Maximum Efforts projects, at all budget levels. Reynolds (Deadpool 2, Pokémon: Detective Pikachu) and George Dewey (Free Guy, “Don’t”) launched Maximum Effort in 2018, following their successful collaborative efforts on the first two Deadpool films. “We are so happy the next chapter of Maximum Effort will be written at […]

 A white restaurant manager who enslaved his Black employee may have to pay upward of $500,000 in restitution, according to a court filing.  Bobby Edwards, 56, was ordered to pay roughly $273,000 in restitution after being arrested in 2014 and sentenced to 10 years in prison for enslaving John Christopher Smith for over five years.   That amount may double after the Court of Appeals for the 4th district ruled on April 21 that the district court failed to include liquidated damages in its […]

StubHub is offering some customers cash refunds for tickets to events that were canceled during the pandemic, creating an exception to a no-refunds policy it adopted in March 2020 to the dismay of many customers, the company told The Associated Press. The ticket service changed its refunds policy just as the COVID-19 pandemic was picking up steam in the U.S., announcing that […]

At risk of entrenched rough times are sectors like hospitality and those with discretionary spends. Flagging an adverse impact of the surge in Covid-19 cases, rating agencies have said some more sectors could move to the “negative outlook” list. Disruption due to lockdown curbs may impact business performance in the first quarter ended June 2021 (Q1FY22) before recovery in the […]

Law firms like Davis Polk and Sullivan & Cromwell are starting to usher lawyers back to the office. Working from home has its perks, but it’s also exacerbated burnout among young lawyers. Women and associates of color also worry about incidents of bias in everyday in-person encounters. See more stories on Insider’s business page. As vaccinations continue to ramp up […]

Fintech recruiting draws on a broad array of talent across Wall Street and technology. Venture funding for fintechs reached record levels in the first quarter of 2021. Insider compiled the top 10 fintech headhunters you need to know. See more stories on Insider’s business page. There’s no one phrase that can describe the activity of fintechs. Situated across both finance […]

BRUSSELS — In an announcement sure to be welcomed by travelers worldwide, EU officials on Monday proposed easing restrictions on visiting the 27-nation bloc as vaccination campaigns across the continent gather speed. Travel to the European Union is currently extremely limited except for a handful of countries with low infection rates. But with the summer tourist season looming, the bloc’s […]