Wholesale
Global Boundaries Break Down for Movies in U.S. and China
LAGUNA BEACH, Calif.—The surprising box-office success in China of the movie “Green Book” about a white man and black man bonding in the Jim Crow south suggests that superhero and action films aren’t the only content that can prosper there, a top Chinese film executive said. “The Chinese audience is getting more and more sophisticated,” …
Four Drug Companies Reach Last-Minute Settlement in Opioid Litigation
AmerisourceBergen CEO Steven Collis testified before Congress on May 8, 2018, alongside other drug company executives. Photo: Alex Brandon/Associated Press Updated Oct. 21, 2019 8:00 am ET CLEVELAND—Four drug companies have reached a settlement at the last minute to avoid a trial here seeking to blame them for fueling the opioid crisis, according to people …
A Plumbing Giant Is Breaking Up. Here’s What That Means for U.S. Investors.
Text size Photograph by Samuel Sianipar Plumbing and heating firm Ferguson has been undervalued due to poor performance at its British business, but a new activist shareholder and a plan to separate operations could boost the stock. The United Kingdom–listed firm (ticker: FERG.UK) generates 90% of its sales in the U.S. In June, activist Nelson …
How new translation technology is opening financial floodgates around the world
Money talks, and soon it will be easier to understand. Language barriers can hinder international commerce, but that problem is increasingly being solved by machine-based translation programs, which are becoming sophisticated enough to enable people in different countries to communicate as if they spoke the same language. Lily Chen, a sales manager with electronic-forklift company …
Forever 21 Plans to File for Bankruptcy as Many Retailers Struggle
Teen retailer Forever 21 Inc. plans to file for bankruptcy as soon as Sunday, according to people familiar with the matter, as slow sales, online rivals and changing consumer habits take a rising toll on many bricks-and-mortar chains. Retailers closed more stores from January to June—more than 7,000—than they did in all of 2018, according …
‘The neoliberal takeover of the human body’ — this highly invasive technology could make your credit cards obsolete
Aram Sinnreich recently went grocery shopping at a Whole Foods Market in his hometown of Washington, D.C., and realized he had left his wallet at home. He had no cards and no cash, but he had no reason to worry — at least, not about paying for his food. “I used my iPhone to pay, …
New industrial revolution sparked by technology gives power to service, retail, wholesale industries
PRINCETON, N.J.–The United States is experiencing a new type of industrial revolution, one in which businesses outside of manufacturing are harnessing the power of the internet to scale up production and increase profits. Three sectors are contributing to the new wave: service, retail, and wholesale — according to a working paper published by researchers at …
At the 50th anniversary of the Moon landing, we can thank NASA for memory foam, pet odor filters — and GPS on your iPhone
Decades of innovations from the study of outer space have come down to Earth, into store aisles, smartphones and American households. On July 20, 1969, astronaut Neil Armstrong stepped on the moon declaring, “That’s one small step for man, one giant leap for mankind.” The NASA program that got Armstrong there pushed forward technology on …
Cigna, CVS Health Soar as Dow Jones Industrial Average Rises
Illustration by Michael George Haddad Text size Stocks are poised to push higher as investors respond to Congressional testimony by Federal Reserve Chairman Jerome Powell that raised expectations for an interest-rate cut at the end of the month. Powell will conclude two days of testimony on Thursday. He is scheduled to appear before the Senate …
Breaking up big tech would be a big mistake
JOHN THYS/AFP/Getty Images EU Commissioner of Competition Margrethe Vestager speaks to reporters after slapping Google with an antitrust fine in March 2019. Congress, with some goading from their competitors, appears eager to apply antitrust enforcement to Facebook FB, -1.21% …