Wall Street revives US retail ‘big short’

Wall Street is reviving a “big short” of the US retail sector ahead of a raft of earnings reports this week, even though earlier bets on a mall “apocalypse” have failed to pay off. Bears…

Drugmakers face Senate over drug pricing

When seven executives from the world’s largest pharmaceutical companies appear in front of Congress this week, they will face a rare united front in US politics: both Republicans and Democrats agree that the price of…

Warren Buffett downbeat on deals in annual Berkshire…

Warren Buffett’s Berkshire Hathaway will struggle to clinch a big acquisition this year, the doyen of the investing world lamented in his annual letter to shareholders at the weekend.  Mr Buffett, who transformed the textile manufacturer…

Facebook joins Amazon and Google in AI chip…

Facebook is racing Amazon and Google to develop its own artificial intelligence chips, after recognising that it needs dramatically faster computing to deliver the next breakthrough in AI. The company’s goals include a digital assistant…

German export machine braced for global shocks

When Werner Lieberherr looks at the global economy, he sees nothing but red flags. “Brexit is a mess, China is slowing, the US is losing altitude,” he says. “We’ve definitely passed the peak of global…