Here are the top finance stories of the day for November 16 - Business Insider

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How it feels to become a Goldman partner — What Biden's financial-policy transition team means for Wall Street — Paul Tudor Jones turns to bitcoin

As Dan Geiger reported on Saturday, Ralph Lauren has agreed to sublease a large store formerly occupied by its Polo brand on Fifth Avenue for just a fraction of the astronomical rent the fashion label pays for the space.

The deal offers a stark data point that illustrates the sharp decline of the brick-and-mortar store retail market amid the Covid pandemic and the yearslong advance of e-commerce.

 

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