Opinion

Get ready for the new reopening trade — and it has nothing to do with the stock market. Think teeth and travel. In discussing its latest earnings, retail giant Walmart Inc said it had noticed an increase in sales of teeth-whitening products in areas of the US where face coverings were no longer required. At Macy’s Inc, Chief Executive Officer ...

The most engaged employees are those who put in face time at the office, WeWork’s CEO, Sandeep Mathrani, declared last week, while “those who are least engaged are very comfortable working from home.” This is from a man whose livelihood depends on the profitability of commercial real estate. It’s as if the Staples chief executive said the most engaged workers ...

If you’re worried about the recent surge in inflation, some reflection on the past decade might prove useful therapy. Central banks are willing to look beyond price spikes they consider transitory, in large part because of a perceived need to atone for missteps after the last big slump. It’s hard to understand why the Federal Reserve appears unfazed without appreciating ...

Bloomberg Drivers encountering fuel shortages in parts of the US East and South may find it takes weeks before supply levels return to normal. Now that Colonial Pipeline Co has resumed deliveries that were halted for nearly a week by a cyberattack, the industry is facing a new logistics problem on top of the lack of available fuel: not enough ...

Bloomberg Adani Green Energy, majority-owned by Indian billionaire Gautam Adani, is in advanced talks to acquire privately-held SB Energy, according to people familiar with the matter. A deal could value SB Energy, owned by SoftBank Group Corp and Bharti Enterprises, at more than $650 million, said one of the people, who asked not to be identified as the information is ...

The rivalry between Southeast Asia’s leading super-apps just got more intense — and more intensely oriented towards fintech. Last month, Singapore’s Grab Holdings Inc said it’s going public in the US through the largest-ever merger with a blank-check company. And now, Indonesia’s Gojek is merging with e-commerce firm PT Tokopedia to create a digital behemoth in the world’s fourth-most-populous nation. ...

The future of money apparently looks something like this: Tesla Inc techno-king Elon Musk posts a one-word tweet — “Indeed” — that suggests his company may have sold its stash of Bitcoin. The cryptocurrency’s price sinks to a three-month low. Musk then posts a new tweet, clarifying that Tesla hasn’t sold any. Prices perk up again. Cue much gnashing of ...

Singapore has suffered a big reversal in its battle against Covid-19. More accustomed to applause than demerits for all but stamping out the virus, the city-state is returning to lockdown-like conditions. Authorities are now scrambling to deploy a mix of scalpels and hammers to contain a recent outbreak. Mastering this balance will be the key to any economic recovery. The ...

The Bank of England (BOE) has four big job vacancies this year and there’s hope that several will be filled by women. Even if that happens, central banks still have some way to go to tackle the lack of diversity in policymaking. Without more progress, this risks becoming a crisis of legitimacy. Policymakers’ actions touch everyone. As a matter of ...

Getting a touch ahead of events, the New York Times noted last week that the recent electoral victories of the Scottish National Party could lead to “the biggest blow to a British prime minister since Lord North lost the colonies in America.” The markets took a different view. In trading, after the election results were clear, sterling rose against the ...