Joe Biden’s growing lead in the presidential polls combined with recent stock-market turbulence has some Wall Street observers wondering if markets are getting nervous about the odds of Democratic victories in November. This anxiety among investors may very well be misplaced, reflecting old and off-base stereotypes of what the two political parties are trying to accomplish. Just as investors were ...

What could possibly attract Bain Capital about an airline that hardly ever generates cash? Loyalty is almost certain to be the answer. Administrators for Virgin Australia Holdings Ltd at Deloitte agreed to sell the second-ranked Australian airline to the private equity firm after it collapsed in April owing A$6.8 billion ($4.7 billion). In a sign of what a difficult path ...

Microsoft Corp was never going to rival Apple Inc in retail, or gain much from it. The coronavirus pandemic provided a good opportunity to face that fact and throw in the towel. The software giant announced it will permanently close all of its Microsoft Store brick-and-mortar locations. The company’s stores, which were primarily based inside malls, were temporarily shuttered in ...