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China has birthed some pretty impressive billion-dollar startups. Bytedance Inc.’s TikTok is so hip it makes Snap Inc. look like it’s for your parents. Sensetime Group Ltd. and Beijing Megvii Co. are masters of creepily powerful AI used in facial recognition and surveillance. Even in boring old hardware, Bitmain Technologies Ltd. has a niche in bitcoin; SZ DJI Technology Co. ...

It may be a cliche, but it’s true that the stock market isn’t the economy. Values fluctuate based on a seemingly infinite number of variables, from the real (earnings) to the intangible (sentiment). So even though US equities are near all-time highs, that isn’t necessarily a sign that all is well with corporate America. One sign that executives may not ...

President Donald Trump’s efforts to rein in prescription drug prices aren’t going very well. His attempts to erode the Affordable Care Act are going just fine. A federal judge upheld an administration rule that expands the availability of short-term health-insurance plans that don’t have to abide by Obamacare regulations.The ruling is excellent news for companies that sell those plans; they’ll ...

A disturbing graph is making the rounds. Labelled the “chart of the century” by some commentators, it shows the changes in prices for various goods and services in the US since 1997. Although food, clothing, cars and electronics have all become cheaper, health care, child care and education have soared in price relative to workers’ wages. Why is this happening? ...

Even investor darling Honeywell International Inc. isn’t immune to the slowdown taking place in manufacturing. The maker of jet engines and air-conditioner controls reported second-quarter earnings that beat analysts’ estimates, but sales in the period were weaker than expected, both including and excluding the impact of M&A and currency swings. The 5 percent organic revenue growth Honeywell notched in the ...

With two-thirds of the US experiencing a heat wave, it seems like a good time to talk about air conditioning. According to the annual Characteristics of New Housing data released by the Census Bureau early this month, 94 percent of the new housing units completed in the US in 2018 came with it built in, up from 65 percent in ...

Bloomberg Luxury department store Barneys New York is exploring restructuring options that could include filing for bankruptcy as it struggles to keep up with higher rent and adapt to changing consumer habits. Barneys is working with financial advisers at MIII Partners and lawyers at Kirkland & Ellis, according to people with knowledge of the situation. The company hasn’t made a ...

Bloomberg British Airways (BA) is preparing to go to court to block a potential walkout by its pilots at the height of the busy summer travel season. The airline, a unit of IAG SA, was expected to the UK’s high court on July 23 to seek an injunction against the British Airline Pilots Association, known as Balpa, should members vote ...

Bloomberg J Sainsbury Plc is joining forces with Deliveroo to speed hot pizza to UK consumers’ living rooms. Customers in London, Birmingham, Brighton and Cambridge, England, will also be able to order snacks and drinks from the supermarket chain as part of the two-month trial. It’s one of the first steps Deliveroo has taken since Amazon.com Inc in May led ...

Bloomberg JC Penney Co, the struggling department-store chain, said it’s taking measures to improve its financial health but assured investors that it hasn’t hired advisers to prepare for a restructuring in bankruptcy court. “We have no significant debt maturities coming due in the near term, and we continue to maintain a strong liquidity position,” the company said in a statement. ...