Business
Mergers and Acquisitions, Explained: Why Companies Buy Each Other
Billion-dollar deals make dramatic headlines, but the logic behind them is surprisingly simple — and the track record surprisingly mixed.
Business
How companies actually work — strategy, earnings, and the forces behind the headlines.
Business
How Supply Chains Quietly Set the Prices You Pay
Between a factory and your shopping cart sits a chain of ships, warehouses, markups, and risks. When any link strains, you pay for it.
Business
Profit vs. Cash Flow: Why Profitable Companies Still Go Broke
A business can report profits right up until the day it cannot make payroll. The difference between earnings and cash explains how.
Business
Why Companies Go Public — and What an IPO Actually Involves
The bell-ringing photo is the easy part. Here is what really happens when a private company sells shares to the public, and why some choose never to.
Business
What Is an Economic Moat? The Idea Behind Durable Businesses
Profits attract competitors the way honey attracts bears. A moat is whatever keeps the bears out — and it is the first thing serious investors look for.
Business
How Companies Actually Make Money: 7 Business Models Behind Almost Everything
Airlines, apps, supermarkets, and software giants look nothing alike — but nearly every business earns its money in one of a handful of ways.