The major averages rose again Tuesday following a broad-based stock rally powered by full approval for Pfizer-BioNTech's COVID-19 vaccine. The S&P 500 notched its 50th record close of 2021, while the Nasdaq hit the 15,000 milestone. Taper talk remains the worry, but if inflation continues to run hot and economic data continues to be mixed the timing of tapering could get pushed.
Following a year that has been marred by some high-profile cyberattacks, including the SolarWinds (SWI) and Kaseya breach, Colonial Pipeline hack, and supply disruption at meatpacker JBS The CEOs from Apple, Microsoft, and Amazon, are heading to the White House this afternoon to discuss efforts in beefing up cybersecurity. Bloomberg reports that other top industry players were also invited to the meeting, including the heads of Alphabet, IBM, Southern Co., and JPMorgan Chase.
Blank-check companies are booming again—in the courts. So far this year, there have been 19 of these more typical class-action lawsuits concerning SPACs filed in federal court. Five were filed in all of 2020. This sharp uptick is likely just the beginning, insurance brokers and lawyers say.