Business News Weekly ─ October 15, 2018
From zero to $1 billion in two years ─ from an article in the Wall Street Journal. Two Stanford dropouts formed the company, called Brex, it issues corporate credit cards to other emerging tech companies, embracing a sliver of finance the banks avoid because they believe it is too risky. So in two years they now run the company with 50 employees, more than 1000 customers, and a value of $1.1 billion.
Even the Giants can stumble and fall ─ from an article in Bloomberg magazine. GE losing over $500 billion in their capital value from since 1998. At the same time, Sears, a 125-year-old company, is preparing for bankruptcy
Tech route sends stocks tumbling ─ from an article in the Wall Street Journal. Trump blames central bank for raising interest rates, declaring the Fed has gone crazy
Foreign investments faced tough rules ─ from an article in the Wall Street Journal. Treasury officials issued rules requiring all foreign investors in certain deals involved involving critical US technology to submit a national security review or face fines as high as the value of the proposed transaction.