Nobody likes a big grocery bill. Unless you’re a venture capitalist, of course. With the cost of produce skyrocketing in China, hot money is flooding towards fresh-food operators. Yonghui Superstores Co., a $14 billion firm that counts Tencent Holdings Ltd. as a strategic investor, now trades above 40 times 2019 earnings. Shares of Jiajiayue Group Co., a smaller supermarket chain, ...

Italy’s populist leaders have spent the best part of a year looking for the outside forces who were driving up the country’s cost of issuing public debt. The answer, it turns out, was closer to home. This week the yield on Italy’s 10-year bonds fell below 2 percent, while the interest on two-year debt turned negative. The yield spread with ...

If California Sen. Kamala Harris is elected president in 2020 and reelected in 2024, by the time she leaves office 114 months from now she might have a coherent answer to the question of whether Americans should be forbidden to have what 217 million of them currently have: private health insurance. Her 22 weeks of contradictory statements, and her Trumpian ...