John Coates, the acting director of the corporate finance division at the S.E.C., issued a lengthy statement yesterday about how securities laws apply to blank-check firms. In particular, he is interested in a crucial (and controversial) difference between SPACs and traditional I.P.O.s: blank-check firms are allowed to publish often-rosy financial forecasts when merging with an acquisition target, while companies going public in an I.P.O. Investors raise money for SPACs via an I.P.O., and those funds are used to merge with an unspecified company in the future, thereby taking it public. With traditional I.P.O.s, companies can’t issue such projections to prospective investors, because regulators consider it too risky for firms as yet untested by the public markets.

While investors think about what stocks to invest in right now, cyclical stocks could come to mind. No doubt, all this would have investors looking towards the top cyclical stocks on the stock market now. For starters, the company’s core operations firmly position GE stock as a cyclical economic reopening play. Another top cyclical stock to watch now would be that of the Boeing Company.

Not long after Kim Kardashian West launched her shapewear brand Skims in 2019, pandemic lockdowns consigned its body-fitting product line to the back of consumers’ closets. But Skims survived. It also cements Ms. Kardashian West’s status as a billionaire in her own right. She will remain Skims’ biggest shareholder after the deal, and she and her business partner, Jens Grede, will control a majority stake.