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Mattress Startup Purple Agrees to $1.1B Merger With Publicly Traded Investment Shell Company

Utah-based Purple will become the first publicly traded mattress startup when it completes a merger with a publicly traded investment shell company at a valuation of $1.1 billion. The deal will make Purple’s founders Tony and Terry Pearce very rich, with a stake in the new entity that Forbes estimates at $850 million. The Pearces, Mormon brothers with 44

Personal Finance Forecasts For Americans Over 50

Last week, Next Avenue kicked off our weekly series of forecasts for Americans over 50 with predictions for the future of their health over the next five and 10 years — plus a Jetsons forecast beyond that. Now it’s my turn to do something similar for the personal finances of Americans over 50. Credit: Shutterstock Over the next three

Five Personal Finance Rules You Should Be Following

Managing money properly is one of the most common things that people struggle with on a day-to-day basis. Though it can be difficult to carefully track your finances, failure to do so can have a significant negative impact on your life, in some cases resulting in bankruptcy or an inability to ever create decent savings.