business news

WALL STREET: More blockbuster mergers are coming

Firms across Wall Street are forecasting an upswing in corporate mergers and acquisitions activity in 2018 amid clarity around the GOP tax plan and robust cash levels. Merger activity is already accelerating into the end of 2017, with CVS’ recently announced acquisition of Aetna the most recent example. If you’re …

business news

Rich homeowners in blue states are among the biggest losers in the GOP tax plan

Republicans’ tax bill is set to disproportionately affect homeowners in affluent parts of the US. Wealthier households are more likely to take advantage of key tax breaks that could be downsized, including the mortgage interest deduction and the state and local tax, or SALT, deduction. Though this could weaken buying …

business news

It’s easier than ever to bet on the death of brick-and-mortar retail

ProShares just launched its Decline of the Retail Store ETF, which allows investors to make the inverse of a brick-and-mortar index’s return. The fund arrives at a time when many traders are skeptical about the future of traditional retail as online competition mounts. There’s no denying that traditional retailers are …

business news

Blue Apron plunges more than 13% to an all-time low (APRN)

Blue Apron reported disappointing earnings results last week. Competition in the meal-kit delivery service is growing. Shares hit an all time low of $3.35. Watch the stock move in real time here.   Blue Apron is down 13.66% on Tuesday at $3.35 a share, a new all-time low. On Tuesday, there were no …

business news

Here’s what happens with your stuff after you die

“In this world nothing can be said to be certain, except death and taxes,” Benjamin Franklin once wrote in a letter. Unfortunately, those words are just as true today as they were in the 1700s. Worse, sometimes the two come as a package deal. After all, when someone dies, their …