*By Alisha Haridasani*
First daughter Ivanka Trump shut down her eponymous clothing brand on Tuesday as consumer disapproval of her father caused sales to suffer.
“After 17 months in Washington, I do not know when, or if, I will ever return to the business,” Trump said in a statement. “My focus for the foreseeable future will be the work I am doing here.”
In 2017, Trump joined the White House as a senior adviser and [abdicated](https://www.vanityfair.com/news/2017/01/ivanka-trump-jared-kushner-resign-sell-assets) her executive role at the brand to avoid conflicts of interests, elevating Abigail Klem to company chief.
Even after Trump left the company, activists urged shoppers to boycott her products and the various retailers that carried it. Nordstrom and Canada's Hudson's Bay, which owns Lord & Taylor and Saks Fifth Avenue, eventually dropped the brand for poor performance.
Watchdog Citizens for Responsibility and Ethics in Washington alleged in May that even after her Washington appointment, Trump was still receiving [profit](https://www.citizensforethics.org/ivanka-trumps-business-wins-approval-for-more-china-trademarks/) from the brand and benefiting from the administration's latest policies.
Ethical concerns against Trump were first raised in 2016 when she retained control of her company during her father's campaign and wore her own products to high-profile events, presumably promoting her brand.
Trump's company is among the many businesses in her father's stable and presents regulators with the unique challenge of monitoring the first family's politics and business gains.
Online retailer eBay Inc. will cut about 1,000 jobs, or an estimated 9% of its full-time workforce. The announcement follows similar moves by other tech companies that ramped up hiring during the pandemic while people spent more time and money online.
Tony Drake, CFP at Drake and Associates, LLC shares thoughts on whether the record gains in technology will broaden to other sectors, the risks of the Fed keeping interest rates higher for too long, and the health of the U.S. consumer.
The Federal Trade Commission ruled that Intuit engaged in deceptive practices by running ads claiming consumers could file their taxes for free using TurboTax — when many taxpayers did not qualify for such free offerings.
WWE’s weekly television show, “Raw,” will move to Netflix next year as part of a major streaming deal worth more than $5 billion. WWE, which is part of TKO Group Holdings Inc., said Tuesday that “Raw” will air on Netflix starting in January 2025.
Propublica national reporter Peter Elkind shares details on his investigation into how scammers stole over $1 billion using Walmart's gift cards and financial services, and how consumers can protect themselves.
Ed Siddell, CEO and Chief Investment Advisor at EGIS financial explains why election years tend to cause bull markets, the latest inflation data, and why he’s concerned about the ‘debt bubble.’
