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Money, politics, tampons: How ‘for women, by women’ startup Lola views its investor’s Trump ties

Where does your money come from? For the venture-backed startups whose entire business models have been made possible by wealthy institutions and individuals, it’s an increasingly fraught existential question. Take Lola, a policy-minded, women-founded seller of organic tampons, menstrual pads,… Continue Reading →

Morgan Stanley will buy E*Trade for $13 billion as brokerage consolidation heats up

Morgan Stanley agreed to buy discount brokerage E*Trade Financial Corp. for $13 billion, pushing further into the retail market with its biggest acquisition since the financial crisis. The all-stock takeover adds E*Trade’s $360 billion of client assets to Morgan Stanley’s… Continue Reading →

What will get people to save more for retirement? Letting them ‘opt out’

Last week the White House laid out a potential plan with the stated goal of incentivizing more American households to invest in the stock market. One such proposal would allow those earning up to $200,000 to invest $10,000 on a… Continue Reading →

Victoria’s Secret is about to be sold after years of scandal and slumping sales

L Brands Inc. is close to selling a controlling stake in its Victoria’s Secret brand to private equity firm Sycamore Partners in a deal that values the lingerie brand at $1.1 billion, Wall Street Journal reported citing unidentified people familiar… Continue Reading →

Boeing has a new problem with its grounded 737 Max: debris left by workers in new planes

Boeing Co. is inspecting more than 400 stored 737 Max jets after discovering debris such as tools or rags left in the fuel tanks of several newly built but undelivered aircraft. The checks aren’t likely to create a new delay… Continue Reading →

A legendary investor offers a green-energy manifesto

Over a career of more than a half-century, money manager Jeremy Grantham earned renown for calling times when rampant optimism on Wall Street was blowing financial bubbles destined to pop––and advised investors to wait for screaming bargains after the fall…. Continue Reading →

Franklin agrees to buy Legg Mason and create $1.5 trillion investing colossus

Franklin Resources Inc. agreed to acquire asset manager Legg Mason Inc. for almost $4.5 billion in a deal that would create an active-management investing giant. Franklin will pay all cash for Legg Mason, the companies said in a statement Tuesday…. Continue Reading →

What the candidates aren’t telling you: America’s heading for a tax on the middle class

The odds are excellent that middle class Americans will get hit by a giant value-added tax (VAT) in the next decade. The arrival of a VAT would move the U.S. much closer to the fiscal policies of Europe and Asia,… Continue Reading →

As coronavirus spreads, even furniture sellers in the U.S. are starting to feel the fallout

China’s significance in the global economy is front and center with the spread of coronavirus. Companies around the world turned to China for cheaper labor and materials costs over the past several decades. Now, as factories delay operations in the… Continue Reading →

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