Rescue Package Includes $86 Billion Bailout for Failing Pensions

Tucked inside the $1.9 trillion stimulus bill that cleared the Senate on Saturday is an $86 billion aid package that has nothing to do with the pandemic. Rather, the $86 billion is a taxpayer bailout for about 185 union pension plans that are so close to collapse that without the rescue, more than a million retired truck drivers, retail clerks, […]

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This Is The Oldest Player In The NFL

There’s a saying in sports that “Father Time is undefeated,” meaning that no matter how good an athlete is, there will come a day when they can no longer keep up with younger players. However, some current NFL players seem to have — so far — defied Father Time as they have managed to keep their careers going into their […]

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Ulta Beauty CEO: America's coming back to shop

New York (CNN Business)As the pandemic drags on, big chains like Target and Nordstrom are looking for ways to keep consumers coming back to their stores. One go-to strategy is the store-within-a-store concept. It’s a way for one retailer to join forces with another by setting up a pop-up shop within their stores. Industry analysts say the approach has benefits […]

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Dolce and Gabbana files multimillion-pound lawsuit against bloggers after backlash over alleged anti-Asian comments

Dolce and Gabbana has filed a defamation lawsuit against two fashion bloggers who reposted anti-Asian comments attributed to one of the designers.  The Italian fashion house is seeking over $600m (£434m) in damages after the post led to a boycott of the company by Asian consumers. Bloggers Diet Prada had posted a screenshot of messages allegedly sent by designer Stefano […]

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How young traders are occupying Wall Street

(NYTIMES) – Wisconsin high school senior Zane Bannink said he has used the Robinhood stock trading app since turning 18 two months ago. So far, he’s made over US$800 (S$1,070). Nineteen-year-old Jude Folmar, a college student in Dallas, said he’s been trading stocks since he was 13 under a custodial account his grand-aunt helped him set up. He has earned […]

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After raising $3.7 billion for 5 SPACs in 2020, investor Chamath Palihapitiya has reportedly confidentially filed for 7 more with the SEC

Chamath Palihapitiya confidentially filed seven new SPACs with the SEC, according to the Wall Street Journal.  The buzzy investor publicly backed five SPACs at a combined total of $3.7 billion in 2020. Palihapitiya has expressed interest in forming an additional group of biotech-focused SPACs. Visit the Business section of Insider for more stories. Chamath Palihapitiya’s enthusiasm for special purpose acquisition […]

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Robert Peston unveiled ‘bonkers hope’ for UK economy to avoid ‘oligarchy of rich’

Universal credit: Peston hits out at ‘appalling’ move to cut boost When you subscribe we will use the information you provide to send you these newsletters.Sometimes they’ll include recommendations for other related newsletters or services we offer.Our Privacy Notice explains more about how we use your data, and your rights.You can unsubscribe at any time. The UK economy finds itself […]

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Europe staggers as infectious variants power virus surge

MILAN — The virus swept through a nursery school and an adjacent elementary school in the Milan suburb of Bollate with amazing speed. In a matter of just days, 45 children and 14 staff members had tested positive. Genetic analysis confirmed what officials already suspected: The highly contagious coronavirus variant first identified in England was racing through the community, a […]

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