Invesco is in talks to merge with State Street’s asset-management business. State Street’s asset-management unit manages nearly $4 trillion in assets while Invesco oversees $1.5 trillion in assets and manages a large ETF business.

Median household income was $67,500 in 2020, down 2.9% from the prior year.

The business is growing rapidly. One group of crypto lenders has $25 billion in loans outstanding to individual and institutional clients, up from $1.4 billion a year ago.

Between Aug. 3 and Aug. 26, airlines dropped approximately 77,000 domestic flights in the United States as the Covid-19 Delta variant flared.

A group of 137 SPACs that closed mergers by mid-February have lost 25% of their combined value. At one point last month, the pullback topped $100 billion.

Direct listings have an average rise of 64.4% from their opening trading prices while the S&P 500 had a 26.8% return and the Renaissance IPO index rose 31.1%.

The top 25 private-equity firms are sitting on $509.8 billion in uninvested cash, holding 22.3% of the global dry powder total of $2.29 trillion in August. That is a significant increase from December, when the worldwide total was just under $2 trillion; in December 2019, the figure was $1.63 trillion.

Total margin debt contracted 4.3% in July, the first monthly decline in 15 months.

Investors poured $705 billion into exchange-traded funds through the first seven months of the year, pushing 2021’s world-wide tally to a record $9.1 trillion. Net flows so far this year have nearly eclipsed the $736.5 billion investors had moved into ETFs globally in all of 2020.

More than 20 million jobs were lost in March and April 2020, when pandemic-related restrictions caused the economy to contract sharply. By June 2021, economic output had returned to prepandemic levels, but employers had 6.6 million fewer jobs on payrolls.