Trade War Heats Up, Walmart Ponders A Health Care Acquisition

  • TRADE WAR: The trade war between the United States and China heated up this week, with both countries floating potential tariffs on products like soybeans and aluminum. CNBC explains how we'll know if it's an actual trade war, not just a symbolic beef. 
  • EMPIRE FALLING: Bill Ackman's hedge fund, Pershing Square, is bleeding money, according to the Wall Street Journal. Ackman is the notorious investor who shorted Herbalife and Chipotle, among other companies.  
  • MORE EXPERIENCE, MORE PROBLEMS: Apparently too much experience is a bad thing, at least for women in tech, according to Recode. As women gain experience in tech, the pay gap between men and women in the field widens. 
  • THAT JOKE ISN'T FUNNY ANYMORE: Elon Musk made a bankruptcy joke about his electric car company, Tesla, this week, and investors freaked out, theWall Street Journal reports. 
  • SECONDHAND SHOPPING: Online thrift stores are succeeding, but not at the expense of their brick-and-mortar peers like Beacon's Closet and Buffalo Exchange, Racked reports. 
  • MERCER'S AT IT AGAIN: Robert Mercer, the billionaire who formerly headed up hedge fund Renaissance Technologies, funded a secret group that worked with Facebook and Google to serve anti-Muslim ads to swing state voters,OpenSecrets reports. 
  • BIG DEAL: Walmart is considering an acquisition of healthcare giant Humana, which could have major implications for both the retail and insurance industries,Markets Insider reports.

- Alicia McElhaney / She Spends Issue #48

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