BlackRock Inc. has raised $3 billion to invest in the private-equity secondary market. BlackRock Secondaries & Liquidity Solutions LP is among the largest debut funds ever raised to buy secondhand private equity stakes.

Women’s participation in the labor force slipped to 57%, the lowest it has been since 1988. More than 2.3 million women have dropped out of the labor force during the pandemic, compared with 1.8 million men.

While not cruising, Carnival Corp. told investors that it expected to burn through an average of $600 million in cash a month just to keep vessels maintained, sustain corporate operations and invest in preparations to return to sea.

Passenger volumes are 40% to 50% below pre-pandemic levels, but nearly 1.36 million people passed through U.S. airport-security checkpoints on Friday, the most in about a year.

The Federal Reserve reported that household net worth swelled to $122.9 trillion in the fourth quarter from $116.2 trillion in the third quarter and $111.4 trillion at the end of 2019.

American homeowners cashed out $152.7 billion in home equity last year, a 42% increase from 2019 and the most since 2007.

Apollo Global Management Inc. agreed to acquire Athene Holding Ltd. in an all-stock deal that values the annuity business at about $11 billion. The deal is expected to close in January 2022.

Royal Caribbean’s net debt rose more than 42% to $16.45 billion in 2020 from the prior year. The cruise operator, which ended 2020 with about $4.4 billion in cash, expects to burn through between $250 million and $290 million a month during the cruise hiatus.

It is estmated that 17% of renters are now behind on their payments—three times the typical rate. Unpaid rent exceeds $52 billion with the average delinquent household owing $5,586.

The Fed will continue to support the economy with near-zero interest rates and large-scale asset purchases until “substantial further progress has been made,” a standard that Mr. Powell said “is likely to take some time” to achieve.