China’s cosmetic brands may finally be ready to face down their foreign rivals, thanks to the Covid outbreak and a wave of patriotic buying. The rising popularity of domestic makeup products is an example of how the pandemic upheaval and geopolitical tensions are creating unexpected winners and losers. Shares of Proya Cosmetics Co, Guangdong Marubi Biotechnology Co and Shanghai Jahwa ...

Taiwan Semiconductor Manufacturing Co (TSMC) was expected to be severely hurt by a US ban on producing chips designed by Huawei Technologies Co, one of its largest clients. The opposite seems true. The Taiwanese chip foundry posted earnings that far surpassed estimates, and went on to raise its revenue and spending guidance for this uniquely troubled year. Not only does ...

For the Federal Reserve, this time really is different. Having learned a hard lesson in the last recovery — don’t tighten monetary policy too early — the central bank is leaning in the opposite direction. In practice, that means the Fed will not just emphasize actual inflation over forecasted inflation, but will also attempt to push the inflate rate above ...