$300 billion of M&A to be unleashed by blank-check deals

The mergers and acquisitions boom underway will continue over the next few years as special purpose acquisition companies (SPACs) look to put to work $61 billion of unspent proceeds from their initial public offerings, according to Goldman Sachs.

Two hundred six companies have gone public through SPACs in 2020, raising a record $70 billion. Proceeds from SPACs have accounted for 52% of the record $124 billion raised by all U.S. initial public offerings. READ MORE

Wall Street firms, demonized by Cuomo, de Blasio, ramp up NYC exodus plans

The COVID-19 pandemic is likely to come to an end in 2021, but that doesn’t mean New York City’s biggest employers—the megabanks and Wall Street firms—are rushing to return to the Big Apple.

FOX Business has learned that even with a vaccine that could allow city employers to filter all their workers back into Manhattan offices by late spring, every major Wall Street firm is drawing up plans to significantly slash its presence in the city for the foreseeable future. READ MORE

Google was hit with massive outage

Google's services went down for about an hour Monday in a massive outage that prevented many people from watching YouTube videos, accessing their Google Docs or sending email on Gmail.

The outage also made Google Classroom temporarily unavailable, preventing many students learning remotely from accessing their classes.

A little after 8 am ET, most of Google's services came back online, but Gmail remains down for many. READ MORE

How Data and Intelligence Are Going to Change the Sales Industry Forever

It’s no secret that data is running the world. For most businesses, data is critical to growth and expansion, and today they have access to a robust amount of data. More companies are relying on data to help them identify challenges, make timely decisions and impact their bottom lines. From storing employees’ contact information to keeping track of inventory, data can be used in just about every aspect of a business. READ MORE

The mind-boggling logistics of transporting one of the most important vaccines in history

Two coronavirus vaccines are in line to be authorized for emergency use in the United States, and a massive transportation network is standing at the ready once they receive government clearance.

The delicate, mind-boggling logistics of distributing the vaccines will be crucial. The challenges of moving millions of doses — over thousands of miles and under strict temperature specifications — are enormous. READ MORE

Jeff Bezos just issued a rare compliment to his chief space rival, Elon Musk. It's the latest development in a 15-year feud between 2 of the world's most powerful CEOs.

Over the last 15 years, two of the world's most high-profile CEOs, Elon Musk and Jeff Bezos, have been engaged in a simmering rivalry. 

The two execs have sparred over their respective space ambitions - Musk runs SpaceX, while Bezos owns Blue Origin - but it hasn't stopped there: Musk has called out Bezos for running what he deemed a monopoly, and has called Bezos a copycat for his self-driving car interests.  READ MORE

Musk Flees California. He Now Faces a Battle to Escape Its Taxes

Elon Musk, who says he has relocated to Texas from California, is just the latest billionaire to announce a move that could deliver big tax savings.

The mechanics of how the rich can enjoy those savings, however, are complicated and involve jumping through a few more hoops than simply announcing that they have moved from Los Angeles to Dallas, or New York to Miami. Spending a certain number of days out of the state, or changing documents like voter registration and drivers’ licenses, are unlikely to be enough. READ MORE

How Do You Evaluate Performance During a Pandemic?

The ongoing crises of 2020 are affecting women’s careers and, as we enter performance review season, managers have a responsibility to make sure that bias against women — and women of color in particular — doesn’t do further damage. If you want to retain this critical group of talent and avoid lasting consequences for workplace diversity, it will help to rethink how your organization handles performance reviews. READ MORE