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Victoria’s Secret CEO comments on Trump

  Les Wexner is the CEO of L Brands, which owns Victoria’s Secret. Nicholas Hunt/Getty CEO of Victoria’s Secret slammed President Trump’s in a public video. He claims Trump’s comments on immigration were “not acceptable.” This is the second time he has spoken out against the President.   Billionaire businessman Les …

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Millennials are snapping up shares of Netflix ahead of earnings

Netflix Netflix is set to report earnings on Monday after the market close, and millennials are jumping over each other to buy the stock ahead of the release. The company is the 16th-most popular stock on Robinhood, the trading app popular with millennials, and the sixth-most held stock among young investors on the Stockpile …

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Amazon Go bets against retail apocalypse

The Amazon Go store in Seattle.Matt Weinberger/Business Insider Amazon opened its futuristic Amazon Go store to the public on Monday. It’s just one of several physical retail initiatives the primarily online retailer has undertaken recently. Amazon has become synonymous with online shopping. The e-commerce giant is now estimated to take about half of …

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Mar-a-Lago caviar served with plastic spoon slammed as ‘disgrace’

Mar-a-Lagouent Evan Agostini/Getty Images A Mar-a-Lago diner slammed President Trump’s “Winter White House” after being served caviar with plastic spoons.  “Please offer your caviar with mother of pearl spoons and dishes!” the customer posted on Instagram.  The post quickly went viral.    A customer slammed Mar-a-Lago as a disgrace after …

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Broker price opinions popular on Wall Street, drawing SEC inquiry

Nicholas A. Tonelli/Flickr Large investors are increasingly using so-called broker price opinions (BPOs) to value and purchase thousands of homes on the brink of foreclosure. This method is used instead of traditional appraisals, which are done by licensed professionals and usually cost more.  The Securities and Exchange Commission is investigating …

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Bitcoin is slumping back down toward $10,000

Markets Insider After paring much of last week’s heavy losses on Friday, the world’s largest cryptocurrency lost another 8% on Monday, bottoming out at $10,479 per token. Bitcoin has lost 17.52% of its value — or roughly $59.27 billion in market cap — since January 15.  Last week, all cryptocurrencies were …

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Walmart applies for 3D image patent for online grocery

BI Intelligence This story was delivered to BI Intelligence “E-Commerce Briefing” subscribers hours before appearing on Business Insider. To be the first to know, please click here. Walmart recently applied for a patent for a system that allows customers to preview food items selected for their online orders through pictures, according …

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