The difference between tech insiders and the hoi polloi is that the tech insiders make their real money long before a company goes public. This is especially true of the so-called unicorns — those tech companies with pre-IPO valuations of $1 billion or more. The insiders invest when the company is still in its early stages, while it’s raising money ...

Ten thousand here, another couple thousand there. Lately, dramatic job cuts seem to be par for the course at the world’s banks. Even by those standards, though, Commonwealth Bank of Australia’s plan to trim 10,000 to 12,000 jobs is eye-popping. The lender is “secretly” preparing to cut a quarter of its workforce in coming years, and shutter up to a ...

TThe global economic development initiative that China calls “One Belt, One Road” is considered one of Beijing’s major instruments in its geopolitical conflict with the US. But it’s unlikely to do much to boost Chinese power as it helps most of the world. China is investing in fixed assets and infrastructure from southeast Asia to the Balkans and East Africa. ...