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Woman's apparel retail J. Jill on Friday filed for an initial public offering, less than two years after changing private equity owners.

Deal size: We have no real idea. J. Jill filed to raise $100 million, but that's likely a placeholder figure that will be increased as the process moves forward.

Why it matters: These are tough times for mall-based retailers, but J. Jill seems to be bucking the broader trend. Net sales climbed 72% for the 39 week period through Oct. 29, 2016, while profits climbed more than sixfold. On the more skeptical side, the IPO filing includes no information about 2016 holiday sales, and the 2015 buyout loaded the Quincy, Mass.-based company with a decent amount of debt.

Go deeper

Updated 12 mins ago - Politics & Policy

Inauguration Day dashboard

Screenshot: Fox News

President Trump has delivered a farewell speech and departed Washington for the last time on Air Force One, kicking off the day that will culminate with President-elect Joe Biden taking office.

What's next: The inaugural celebration for young Americans is being livestreamed, starting at 10am.

Updated 28 mins ago - Politics & Policy

Trump departs on final Air Force One flight

President Trump and his family took off on Air Force One at 9 a.m. on Wednesday morning for the final time en route to Florida.

The big picture: Trump's final hours as president were punctuated by his decisions to snub his successor's inauguration and grant pardons to many of his allies who have been swept up in corruption scandals.

Dion Rabouin, author of Markets
2 hours ago - Economy & Business

Janet Yellen said all the right things to reassure the markets

Illustration: Aïda Amer/Axios

Treasury Secretary nominee and former Fed chair Janet Yellen's confirmation hearing before the Senate Finance Committee on Tuesday showed markets just what they can expect from the administration of President-elect Joe Biden: more of what they got under President Trump — at least for now.

What it means: Investors and big companies reaped the benefits of ultralow U.S. interest rates and low taxes for most of Trump's term as well as significant increases in government spending, even before the coronavirus pandemic.