Bloomberg Lucrative opportunities in technology stocks centre around identifying shifts from an old way of doing things to a better way, like from email to instant messaging or from phoning in food orders to doing it online. Investing with that in mind for nearly a decade has helped Silicon Valley-based Light Street Capital beat the Nasdaq, according to Barron’s in ...

Bloomberg Canadian banking is no longer the engine driving profit growth at the country’s large lenders. With Canadian financial giants including Royal Bank of Canada and Toronto-Dominion Bank having announced results this week, and rivals to follow, it’s becoming clear that businesses such as wealth management and US operations are doing more to increase earnings than their mainstay of domestic ...

Bloomberg The past months have been brutal for the UK’s retail and consumer industries, and one bank that’s felt its fair share of the pain is HSBC Holdings Plc, which has found itself on the wrong side of several of the highest-profile failures. Last week, TV celebrity chef Jamie Oliver’s casual-dining chain was placed into protection from creditors. That left ...

Bloomberg European Union leaders are about to begin their tussle over who should run the region’s monetary policy in the era after Mario Draghi. Heads of government will sit down for dinner in Brussels, in the aftermath of EU parliamentary elections, to kick off talks on the next suite of top political appointments. Among them is arguably the bloc’s most-powerful ...

Bloomberg The Federal Reserve’s influential staff seems to have lost confidence that its bosses will achieve the central bank’s 2 percent target, if the minutes of the Fed’s meeting are anything to go by. The staff forecast presented to policy makers saw inflation falling shy of 2 percent“over the medium term’’ even as the job market was projected to tighten ...

Bloomberg Banco de Mexico’s top markets official is leaving for the Bank for International Settlements after more than two decades at the central bank, according to people familiar with the plans. Jaime Cortina, director general of operations and payment systems, plans to leave in the coming weeks, according to five people who asked not to be named because the decision ...

Bloomberg Kontoor Brands Inc, whose Lee line is already the biggest denim brand in China, plans to bring its other big American jeans name to the world’s largest consumer market within a year. “In January 2020, we are introducing Wrangler to the Chinese market because there’s an appetite,” Chief Executive Officer Scott Baxter said in an interview on Bloomberg Television. ...

Bloomberg Zara owner Inditex SA promoted Carlos Crespo to chief executive officer, naming an insider to spearhead the fast-fashion giant’s push into e-commerce. Crespo, 48, who is currently chief operating officer of the world’s largest apparel retailer, will report to Executive Chairman Pablo Isla, 55, who’s yielding the CEO position. The new chief will be responsible for technology, procurement and ...

Bloomberg Foot Locker Inc fell the most in nearly two years after it reported first-quarter sales and profit that missed analysts’ estimates. The athletic-shoe retailer’s shares tumbled as much as 19 percent in New York trading, the most since August 2017. The stock is now at its lowest level in a year, erasing a series of gains over the past ...

Bloomberg The US Securities and Exchange Commission (SEC) is investigating whether Boeing Co properly disclosed issues tied to the grounded 737 Max jetliner, according to people familiar with the matter, as regulators intensify their scrutiny of the company following two deadly crashes. Officials in the SEC’s enforcement division are examining whether Boeing was adequately forthcoming to shareholders about material problems ...