Shein faces scrutiny over forced labor before IPO
A woman with a Shein bag after entering its first physical store in Madrid, June 2, 2022. Europa Press News / Contributor Fast-fashion juggernaut Shein is facing more scrutiny from elected officials in the U.S. who want the company to prove it doesn’t use forced labor before it files for a widely rumored initial public […]
Salesforce ‘very thirsty’ to be AI CRM leader, Benioff says following strong outlook, improved margins
Salesforce Inc. shares rallied in the extended session Wednesday after the customer-relations management software giant’s earnings outlook topped Wall Street expectations two weeks ahead of its annual confab. Salesforce CRM shares rallied more than 6% after hours, and held steadily in that range during the conference call with analysts, following a 1.5% rise to close […]
HHS calls for easing marijuana restrictions
James Romano trims flower while working in the CommCan processing facility in Medway, Massachusetts, Oct. 27, 2021. Erin Clark | Boston Globe | Getty Images The U.S. Department of Health and Human Services has recommended reclassifying marijuana as a lower-risk drug, which would in turn ease restrictions on the budding business, a spokesperson for the […]
How can I give $600K to my kids and ensure they don’t lose it if they divorce?
Dear Quentin, My three siblings and I inherited a house on a beautiful island from our parents that is worth about $2 million. It is mostly used in the summer. I’m 72, I live abroad, and I don’t get there much. I find the maintenance costs and the joint decision making burdensome, as lovely as […]
Medicare drug price negotiations may have muted impact on drugmakers
In this photo illustration, Eliquis is made available to customers at the New City Halsted Pharmacy on August 29, 2023 in Chicago, Illinois. Scott Olson | Getty Images Medicare is set to negotiate prices for 10 different drugs with manufacturers in a bid to make those costly treatments more affordable for older Americans – a […]
Four trends shaping the gun industry
People fire an assortment of guns at the annual Machine Gun Shoot sponsored by Shooters Gauntlet in Monroe, Pennsylvania, June 3, 2023. The shoot, which has been held since 2016, lets gun enthusiasts and others shoot machine guns at targets in a controlled and secure wooded location. Spencer Platt | Getty Images The gun industry […]
Why do people use trusts for estate planning?
Dear Dan, I understand trusts pay taxes on a harsher schedule than people. What I don’t get is why so many people are setting up trusts and exposing the assets to the higher taxes. What am I missing? — Eddie Dear Eddie, You are correct that the marginal tax brackets applicable to trusts make the […]
3M faces more legal headaches after earplug settlement
3M is on the verge of ending the largest mass tort litigation in U.S. history, but it’s still facing other expensive legal headaches. The company said Tuesday that it settled with roughly 250,000 plaintiffs in a $6.01 billion deal. Military veterans and service members alleged 3M manufactured defective earplugs that resulted in hearing loss. “I […]
EMBARGOED 00:01 Wednesday 8/30 BST. Global dividends hit record $568 billion, but U.S. payouts slow again
Global dividends rose 4.9% to a record $568 billion in the second quarter, but the pace of growth in the U.S. slowed for the sixth consecutive quarter after some high- profile technology and financial groups trimmed their payouts. In its quarterly survey of the world’s 1,200 biggest public companies by market value, U.K.-based fund manager […]
Revenue rises in first half
Lego Star Wars toys sit on display inside a Toys R Us store in Paramus, New Jersey, Nov. 26, 2019. Bloomberg | Getty Images While other toy companies struggle with an inflation-fueled sales slump, Lego is building positive results brick by brick. The privately held Danish toymaker saw revenue rise 1% during the first six […]
