Photo: Michael Brochstein/SOPA/LightRocket via Getty Images

Victoria's Secret CEO Jan Singer has resigned following three consecutive years of declining profits and sluggish sales, the company announced on an earnings call Monday. The WSJ first reported her departure last week.

What's next: John Mehas, the president of Tory Burch, will take over as CEO early next year, Victoria Secret's parent company, L Brands (LB) said Monday. The shakeup comes as Victoria's Secret continues to struggle competing with online companies like ThirdLove and True & Co., which have focused on women's comfort and have capitalized on technology to customize their bras and lingerie lines. Victoria's Secret chief marketing officer Ed Razek has also come under fire in recent days for comments he made in Vogue about deciding against casting transgender and plus-size models in the company's annual fashion show.

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Felix Salmon, author of Capital
15 mins ago - Economy & Business

A white-collar crime crackdown

Illustration: Eniola Odetunde/Axios

America has waited a decade for an aggressive government crackdown on white-collar crime. Now, just before the election, and in the middle of a bull market, it has arrived.

Why it matters: When times are good, investors become more trusting and more greedy. That makes them more likely to put their money into fraudulent or criminal enterprises.

  • After a decade-long bull market, there is no shortage of those frauds to prosecute.
43 mins ago - Technology

Lawyers crystal-ball the Google antitrust case

Illustration: Eniola Odetunde/Axios

The Justice Department's antitrust suit against Google is a strong, straightforward monopoly case, competition lawyers and experts tell Axios. But that doesn't mean it'll be an easy journey for the government.

The big picture: Winning any antitrust case is a heavy lift. It's even more of a challenge to pull off victory in a future-looking case that seeks to make room for potential new competition to flourish.

The pandemic is getting worse again

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Data: The COVID Tracking Project, state health departments; Note: Due to a database error, Missouri had a 3 day gap in reporting from Oct. 11-13; Map: Andrew Witherspoon/Axios

Every available piece of data proves it: The coronavirus pandemic is getting worse again, all across America.

The big picture: As the death toll ticks past 212,000, at a moment when containing the virus ought to be easier and more urgent than ever, we are instead giving it a bigger foothold to grow from.