Capital One is buying startup Brex for .15 billion in credit card firm’s latest deal

Capital One is buying startup Brex for $5.15 billion in credit card firm’s latest deal

Brex co-founders Pedro Franceschi and Henrique Dubugras. Brex Capital One said Thursday that it was acquiring payments startup Brex for $5.15 billion, the latest splashy deal undertaken by CEO Richard Fairbank. The firm, which disclosed the deal in its fourth-quarter earnings statement, said it would pay 50% cash and 50% stock for Brex. Shares of…

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Charts point to rotation to chips from software inside the technology universe

Charts point to rotation to chips from software inside the technology universe

When we hear the term market rotation, we typically think of money moving between sectors — mostly from growth to non-growth. This has been happening over the past several weeks and has been a key reason the S & P 500 has remained near its highs. However, rotation also occurs within sectors, and when that happens in a heavyweight group like technology,…

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