Industries

Consumer

Starbucks Whips Up Big Bids for Its Chinese Biz

Photo via ZUMAPRESS/Newscom

Starbucks is said to be entertaining bids from about 10 would-be buyers that value its Chinese operations at up to $5 billion.

1 min read

Photo via BalkansCat

Consumer

Drop the Ship-pers: FedEx, UPS Downgraded as US Policy Bites Into Import Revenue

According to US Customs, untaxed “de minimis” shipments accounted for 92% of all cargo entering the US, or 4 million packages a day.

2 min read
Photo via Mu Yu / Xinhua News Agency/Newscom

Healthcare

China’s Multibillion-Dollar US Pharma Pipeline Draws Scrutiny in Washington

China’s pharmaceutical sector, a minor player just years ago, has revved up into a global juggernaut faster than a Fuxing high speed train.

2 min read
Photo via Chewy

Consumer

Short-sighted Investors Chew Up Chewy

More than 94 million pet-owning US households are expected to spend $157 billion on their little Lunas and Rexes this year.

1 min read

Electric Vehicles

A Culling Looms for China’s Crowded EV Industry

Photo by Michael Förtsch via Unsplash

In an interview with the Financial Times, BYD’s executive vice president Stella Li said just a handful of China’s 130 EV-makers will survive.

1 min read

Photo via IMAGO/Vernon Yuen/IMAGO/Nexpher Images/Newscom

Industries

McDonald’s Chief Blasts Minimum Wage Loophole for Tipped Workers

McDonald’s is battling its own industry over fast food workers’ pay, which it believes should be better, and tips, which it opposes.

2 min read
Photo via Javier Rojas/ZUMAPRESS/Newscom

Electric Vehicles

Tesla Needs its Robo-Tech to Recharge Revenue

So far, Tesla has launched limited rideshare services in Austin and the Bay area, and it’s looking to expand into Florida, Arizona and Nevada.

2 min read
Photo via Jimin Kim/ZUMAPRESS/Newscom

Consumer

Macy’s Makeover Smoothes Out Earnings-Related Worry Lines for Investors

The department store also seems cautiously optimistic for the holidays, raising its profit forecast for the year.

2 min read

Healthcare

Lung Disease Breakthrough Boosts United Therapeutics — and its Rivals

Photo by Robina Weermeijer via Unsplash

About 5 million people are affected by idiopathic pulmonary fibrosis globally, according to the National Institutes of Health.

2 min read

Media & Entertainment

Can the Worldwide Leader in Sports Survive a Brave New World?

Photo via Kris Tripplaar/Sipa USA/Newscom

ESPN’s standalone streaming service is finally here, but it’s core audience may have already found a preferred way to watch sports.

7 min read

Sign Up for The Daily Upside to Unlock This Article

Sharp news & analysis on finance, economics, and investing.