Why Stripe Is Raising Money at a Lower Valuation

Why Stripe Is Raising Money at a Lower Valuation

Stripe’s plan to raise billions at a lower valuation underlines the challenges facing start-ups seeking money as the market for initial public offerings stays shut.
Wall Street Is Counting on a Debt Limit Trick That Could Entail Trouble

Wall Street Is Counting on a Debt Limit Trick That Could Entail Trouble

If the debt limit is breached, investors expect Treasury to put bond payments first. It’d be politically and practically fraught.