[ad_1] Prosus and Naspers, which made a wildly successful early bet on the Chinese tech giant, unexpectedly replaced their CEO. [ad_2] Source link
Tag: heard on the street
The Fed Isn’t Getting the Economy It Expected
[ad_1] Federal Reserve policy makers’ projections for inflation this year look as if they could be too high, while their GDP projections look too low. [ad_2] Source link
China’s Moutai Wants to Satisfy All Your Cravings
[ad_1] The company is diversifying from liquor into chocolates and other goodies. The new offerings might not stick, but its core brand is so valuable that may not matter. [ad_2]…
Smucker’s Twinkie Deal Is an Indulgence
[ad_1] The company is paying a high price to get into snacking with the acquisition of the Twinkies maker. [ad_2] Source link
How Much Is Too Much for a Smartphone?
[ad_1] Apple, Samsung and other makers keep pushing well past the $1,000 mark but need carrier support. [ad_2] Source link
America’s Wind-Farm Revolution Is Broken
[ad_1] Even with generous green subsidies, offshore wind projects are being called off as developers struggle to make a profit. [ad_2] Source link
America’s Trade Trouble Will Continue
[ad_1] The trade deficit is still far wider than it was before the pandemic hit. Odds are that it is going to stay that way for a while. [ad_2] Source…