Walmart Makes Adjustments to its International Strategy in its Battle with Amazon The sun never sets on Walmart’s empire, thanks to its network of stores across five continents. But in the span of 10 days, Chief Executive Doug McMillon has begun dramatically [...]
FlixBus Looks to Change the Bus Riding Experience in the U.S. With their reputation for skid row stations, grueling rides, and stinking toilets, intercity buses have long been the travel option of last resort. But in Europe, a startup called FlixBus has [...]
Are Millennials Spearheading a New Economic Revolution? Rick Rieder had an economic epiphany when he was stuck in a traffic jam outside the Lincoln Tunnel. It all started on a seemingly normal drive, which saw Rieder—who is responsible for $1.8 trillion as [...]
A Massive Glut of Retail Space Grows as the Retail Apocalypse Continues The fall of the Toys “R” Us chain, with more than 700 U.S. stores, shows how much retail real estate has changed in just the last decade. When KKR & [...]
Subprime Mortgages Return to the Market with a New Name Subprime mortgages, home loans to borrowers with sketchy credit who contributed little or no equity, were blamed for the biggest financial disaster in a century. After the epic housing crash, they disappeared [...]
Companies Adopt New Strategies for Gathering Personal Information under Europe’s Tough New Data Privacy Rules Nicholas Oliver, CEO of London startup People.io, gathers lots of personal information about users of his mobile app: age, sex, location, profession, relationship status, and more—and uses [...]
Chinese Upstart Phone Maker Tecno Mobile Takes a “Think Local” Approach to Win Big in Africa During his eight years in Ethiopia, Yu Weiguo has helped turn little-known Transsion Holdings, owner of the sleepy Chinese brand Tecno Mobile, into Africa’s leading mobile [...]
China May Target U.S. Agriculture in Response to Tariffs China is preparing to hit back at trade offensives from Washington with tariffs aimed at the President’s support base, including levies targeting U.S. agricultural exports from Farm Belt states, according to people familiar [...]
Are Batteries Now on a Trajectory to Replace Fossil Fuels? Three weeks ago, a U.S. agency sent the clearest signal yet that fossil fuels’ days are numbered. It is true enough that the carbon-burning economy has been declared to be on its [...]
Levi Strauss Re-Invents the Way Blue Jeans are Made On a quiet street at the edge of San Francisco’s Telegraph Hill neighborhood is an 88-year-old red-brick building housing the Eureka Innovation Lab for Levi Strauss & Co., the 165-year-old inventor of the [...]