US Business

They are becoming entrepreneurs at a faster clip than any other demographic—and a chillier corporate world has a lot to do with it.

Bain Capital will pay more than US$349 million to acquire an Australian wealth-management business from local investment manager Perpetual.

Oil executives told officials in White House meetings that the closure of the Strait of Hormuz might push up oil prices further.

Travelers already are enduring long wait times at airports at the start of the busy spring travel season.

Two-legged robots have taken over a job in a South Carolina auto parts plant. That’s just the start.

Investors in the social-media platform’s U.S. business agreed to give the government several multibillion-dollar payments, sources said.

EXCLUSIVE: Airwallex has been courting clients with global customer bases across the U.K., France, Germany, the Netherlands and the United Arab Emirates.

He retired as Berkshire Hathaway’s CEO in December, handing letter-writing duties to his successor—after setting a standard some aspire to meet.

With car prices soaring, one man deploys dealer speak to talk down the sticker price on behalf of buyers: “You’re hiring a middleman to deal with the middleman to make the middleman more efficient.”

Higher energy prices might vex the economy, but they provide a financial boost for some states, helping to close budget deficits and fix roads.