Wall Street Lunch: Show-Me State Says No

Missouri voters rejected a measure to end income tax, keeping state income tax policy unchanged. Etsy plans to lay off 220 employees (~12% of its workforce) as part of a restructuring aimed at improving coordination and decision-making speed, which is a modest negative signal for near-term cost and execution.

Analysis

Missouri voters rejected a measure to end income tax, keeping state income tax policy unchanged. Etsy plans to lay off 220 employees (~12% of its workforce) as part of a restructuring aimed at improving coordination and decision-making speed, which is a modest negative signal for near-term cost and execution.