Bloomberg As Chinese consumers curb their spending in a pandemic-stricken economy, one discount e-commerce firm is emerging as a clear stock-market winner. Shares of Pinduoduo Inc, which sells everything from groceries to beauty products, have soared 43% over the past month, ranking as the top performer in the Nasdaq Golden Dragon China Index, which has slipped 0.9%. The stock ...

Bloomberg US officials have agreed on an updated framework for investigating major accidents in the commercial space industry as human tourism and flights hauling hardware into orbit expand rapidly. The National Transportation Safety Board (NTSB), the independent agency that leads investigations into plane crashes, will conduct similar reviews for mishaps involving private sector rockets and space capsules, according to an ...

  Bloomberg British fast-fashion company Asos Plc warned that sales in August were weaker than expected as inflation crimped shoppers’ purchasing power. Full-year profit will come in at the lower end of guidance, with sales growth of only about 2%, according to a statement. The online retailer also cited a slow start to its autumn/winter ranges. “Asos remains cautious about ...