The Ratings Game: Goldman Sachs is upbeat about eyeglass retailer Warby Parker’s brick-and-mortar prospects

Goldman Sachs analysts are upbeat about Warby Parker Inc.’s store expansion in their initiation note for the eyeglass seller, rating Warby Parker shares a buy with a 12-month price target of $ 72, or 22% above their current level. “We see Warby Parker’s brick-and-mortar rollout strategy as a key driver ofhigher national brand awareness and […]

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Need to Know – Crypto Edition: An Ether futures ETF is next likely step after ProShares watershed bitcoin moment, a former SEC official explains

Hi there! Welcome to the fourth and final installment of Need to Know Crypto Edition, ahead of the launch of a new weekly crypto newsletter “Distributed Ledger,” which will kick off next month. I’m Frances Yue, crypto reporter at MarketWatch, and I’ll walk you through the latest and greatest in digital assets this week so far. […]

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Outside the Box: The simple way to ease the labor shortage is to raise limits on legal immigration

The United States is facing a historic labor shortage. Throughout the summer, more than 10 million jobs were unfilled—the most ever and well over double the historical average. The shortage is causing businesses to reduce hours, close, raise prices and reduce services. Americans are losing out, but there is a straightforward solution: legal immigrants.   At […]

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: Biden revises proposal to have IRS monitor bank accounts more closely. Here’s how it would work

After uproar over a proposal to have banks tell the Internal Revenue Service about their customers’ annual cash-flow information, the Biden administration and congressional Democrats unveiled a new, pared-down proposal on Tuesday. Now the question is whether this version of the proposed reporting requirement, which would kick in at the $ 10,000 mark instead of […]

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Financial Crime: Owner of nonprofit science lab for children admits running secret bitcoin money-laundering operation for drug dealers

The owner of a nonprofit, high-tech lab aimed at making science more accessible to kids secretly ran a money-laundering operation behind the scenes, swapping out drug dealers’ dirty cash for bitcoin, prosecutors say. Christopher Allan Boden, 46, had since 1994 run the Geek Group, an educational facility that gave access to high-grade scientific equipment to […]

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