Governments, seemingly eager to supply their critics with ammunition, constantly validate historian Robert Conquest: The behaviour of any bureaucratic organisation can best be understood by assuming that it is controlled by a secret cabal of its enemies. Consider North Carolina’s intervention in the medical-devices market. Born in India, Dr Gajendra Singh is an American citizen and a surgeon in Winston-Salem ...

Whenever Amazon. com Inc eyes expansion into a new industry, the stalwarts of that space shudder. A Reuters report that the e-commerce giant has been talking to insurers about introducing a price comparison website in the UK was no different. Incumbents Moneysupermarket.com Group Plc and GoCompare.com Group Plc fell as much as 4.7 percent and 10 percent respectively. But for ...

A number of hedge fund firms have a hot product. It’s not their hedge funds. Och-Ziff Capital Management’s investors withdrew $418 million from its hedge funds in the second quarter. Total inflow of assets under management, however, were $1.2 billion, its largest increase in assets in four years. The firm’s hot product: Collateralised loan obligations — a derivative debt investment ...

The trade dispute with the US hangs like an ax over China’s economy, but for the country’s real estate developers, it’s a boon. Onshore funding is opening up and the government is once again smiling on higher prices. Property investors should be doubly relieved: Beijing’s measures to rein in financial risk and cut developers’ access to debt have so far ...

There’s no denying that, since Donald Trump was sworn in as president in January 2017, the US economy has been doing quite well. Growth in real gross domestic product has been steadily accelerating. Strong job growth has also continued, with gains in nonfarm payroll employment even accelerating a little this year, which is pretty remarkable this deep into an economic ...

Pony Ma has been very patient. Unfortunately for him, investors haven’t, and earnings will give them little reason to hold their breath. Net income and revenue at his Tencent Holdings Ltd both missed estimates. Concerns that rising costs would squeeze margins have helped to wipe about $150 billion off the Chinese goliath’s market value since January. Now China’s halt in ...

In the 1981 sci-fi novel “True Names,” Vernor Vinge describes a dystopian future in which hackers go to great lengths to keep their real-world identities secret for fear that the US government might enslave or assassinate them. Almost four decades years later, it’s not lives that are at risk, but reputations and careers. In recent months, we’ve seen multiple media ...

Bloomberg Diabetes treatment has evolved since Mary Fortune was diagnosed in 1967 and hospitalised because there was no reliable way monitor her blood sugar. These days, a glucose skin patch transmits her levels day and night to her iPhone and shares the data with others. Fortune and other diabetics are benefiting from an explosion in technology and innovation, from under-the-skin ...

Bloomberg Best Buy Co. is going after Grandma. The electronics retailer agreed to pay $800 million to acquire GreatCall Inc., a provider of smartphones and emergency-response systems for seniors, broadening its push into the burgeoning market for connected-home products and services. The deal, which should close by the end of the third quarter, will boost adjusted earnings by 2020, Best ...

Bloomberg Trekking through a crowded, cavernous Walmart supercenter isn’t much fun. But what if you could do it from the comfort of your own home through virtual reality? The world’s biggest retailer wants to find out, according to filings with the US Patent and Trademark Office. The company has applied for two patents that detail a “virtual show room” and ...