Bloomberg More than a dozen automakers are jostling to lead the US electric-car race, but Bloomberg New Energy Finance sees a clear winner separating from the pack: Tesla Inc. The automaker led by Chief Executive Officer Elon Musk will emerge as “the stand-out” in total cumulative deliveries through 2021, reaching almost 709,000 vehicles, according to BNEF’s Long-Term Electric Vehicle Outlook. …

This is not your father’s inflation — and that’s good news. Business cycles often end when higher inflation causes a country’s central bank (the Federal Reserve in the United States) to raise interest rates, slowing the economy and, perhaps, triggering a recession. The good news: The next recession may be delayed, because the Phillips Curve has shifted. The Phillips Curve …

Growth is back at Xiaomi Corp. After suffering some pretty brutal quarters at the hands of compatriot competitors and a weakening global smartphone market, the Chinese startup trumpeted its return last week at an all-hands staff meeting. Shipments in the second quarter climbed 70% from the prior three-month period to 23.16 million handsets, founder Lei Jun said in a statement …