Altice’s strategy of drastically reducing costs as it expands globally will soon face its biggest test yet as the European telecom company digests the $10 billion acquisition of New York cable operator Cablevision Systems.
Retailers are trying to figure out ways to profitably serve online shoppers while making their network of stores less of a financial burden. Home Depot, for example, is targeting sales growth of nearly 15% by 2018, but wants to keep inventory levels flat or slightly down.
Central banks’ efforts to revive economic growth and inflation suffered another blow with Britain’s vote to leave the European Union. The vote has unleashed anxiety and uncertainty that will dampen investment, hiring, wages and prices. In the long run, though, Brexit could prove inflationary, Greg Ip writes.