If you wanted to design a car company to fetch a princely valuation on the capital markets, it would probably look much like Porsche AG. Like Ferrari NV, Porsche has excellent profit margins and a reputation of sporting and luxury heritage. Plus, it has an impressive electric-vehicle strategy to challenge Tesla Inc — the Porsche Taycan already outsells the ...

  A high-profile speech on Ukraine is probably the last thing Democratic pollsters would have wanted from President Joe Biden. Good news on the pandemic would be welcome. If there had to be tough talk about a nasty foe, they would surely have hoped it would be about inflation, not Russian President Vladimir Putin. Or they may have wanted the ...

Bloomberg Alibaba Group Holding Ltd discussed raising at least $1 billion for Lazada before calling off negotiations with potential investors when talks bogged down over the Southeast Asian online mall’s valuation. The Chinese e-commerce giant had aimed to secure financing for Lazada as a precursor to a spinoff of the Singapore-based company and a potential initial public offering, people familiar ...