Nasdaq Rally Gets a Reality Check as Megacaps Miss

The Nasdaq MarketSite in New York, U.S., on Thursday, Feb. 3, 2022. Big technology earnings have prompted some extreme share price moves this season, with Wall Street’s expectations seemingly misaligned with company realities. Photographer: Michael Nagle/Bloomberg

Why People Wait Years for $100,000 Watches That Look Like Spaceships

(Bloomberg Businessweek) — Let’s get one thing straight: Maximilian Büsser, the creative force behind the red-hot MB&F brand, isn’t making watches he thinks you’ll like. He already did that. For about seven years, the son of a Swiss diplomat and a mother from Mumbai was head of the watch division at luxury jeweler Harry Winston … Read more

US Sues Google to Break Up Ad Unit in Heated Antitrust Fight

The Mountain View, California-based company is No. 1 in the $626.9 billion global digital ad market, according to 2023 estimates by research firm EMarketer, with the US representing the biggest piece. Alphabet’s ad operations are expected to bring in $73.8 billion in US digital ad revenue in 2023. Most of that, $58.50 billion, comes from … Read more

Bigger Is Better in India’s Nascent Electric Car Market

Demand for smaller SUVs has been surging in India. They’re suited for the country’s driving conditions, which can vary vastly from smooth multi-lane freeways to rutted streets crowded with rickshaws, dogs and cows. They also offer aspirational buyers an important, yet affordable, status symbol, perching drivers above the masses. And while larger electric SUVs tend … Read more

How I Learned to Stop Hating and Respect Chicken Tikka Masala

(Bloomberg) — Asma Khan has a vivid memory of the first time she encountered chicken tikka masala, the bastard child of Indian cooking and British taste. It was in 1992, and she was newly arrived in the great English university town of Cambridge, where her husband was studying law. A professor invited the young couple … Read more

Didi Wins Okay To Relaunch Apps As China Tech Crackdown Ebbs

The return of Didi’s apps would be a milestone in Beijing’s preparations to loosen its grip on the country’s giant internet sector. Guo Shuqing, party secretary of the People’s Bank of China, said this month the regulatory overhaul was drawing to a close. That, coupled with a post-Covid Zero reopening and thawing tensions with the … Read more

Wall Street’s Lucrative Leveraged-Debt Machine Is Breaking Down

(Bloomberg) — One of the most lucrative money-making machines in the world of finance is all clogged up, threatening a year of pain for Wall Street banks and private-equity barons as a decade-long deal boom goes bust. After driving a flurry of mega buyouts that contributed to a $1 trillion profit haul in the good times, … Read more

China’s MG Motor Aims to Launch Three EVs in India by End 2024

An MG badge is displayed on an MG Hector sports utility vehicle (SUV) during the vehicle’s launch at the Morris Garages flagship showroom in Gurugram, Haryana, India, on Thursday, June 27, 2019. The launch of the Hector from the iconic brand MG, now owned by Chinese giant SAIC Motor Corp., marks the first Chinese entrant … Read more

These Were the World’s Most Punctual Airlines in 2022

The most punctual global airline of 2022 was Garuda Indonesia, according to fresh analysis by travel data provider OAG, with 95.63% of the carrier’s flights coming in on time. However, overall operations were way down on 2019 levels, with just 25% of flights taking to the skies.