Should Chinese regulators determine Jack Ma’s Alibaba Group Holding Ltd to be a monopoly, they ought to look directly to Beijing for an explanation as to how it happened. China announced an investigation into alleged monopolistic practices at the Hangzhou-based e-commerce giant. Ant Group Co is also in the crosshairs, as the central bank and the banking watchdog will separately ...

The US economy runs on immigration. Immigrants support crucial industries, pay huge amounts in taxes, take care of children and the elderly, sustain American innovation and — perhaps most importantly — make the country a more attractive destination for multinational investment. Over the past few years, President Donald Trump, the Covid-19 pandemic and the end of the big Mexican migration ...

Bloomberg American meatpackers are benefiting from one bright spot in the restaurant industry during the pandemic: fast-food sales. With most restaurants closed or operating at reduced capacity, customers have flocked to places including McDonald’s and Burger King, where they can simply drive through to grab food. That’s helped Cargill Inc.’s protein sales to food-services business to return to near normal, ...