Tech Business

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Reporting on technology companies, digital marketplaces, product innovation, and shifts in the tech economy. Follow analysis of corporate strategy, investment trends, and decisions shaping the business side of technology.

THIS DAY IN BUSINESS

October 28
1965: Gateway Arch Is Completed
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QUOTE OF THE DAY

Edward Tenner, 2011
“Edward Tenner explains why progress includes learning from consequences that innovation did not fully predict.”
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EXPLAINER OF THE DAY

Prepayment Risk
Prepayment risk is the possibility that borrowers repay principal earlier than an investor expected. This explainer covers mortgage refinancing, home sales, calls, auto and consumer loans, reinvestment risk, premium amortization, cash-flow uncertainty, prepayment models, burnout, seasoning, extension risk, and why falling rates can hurt some fixed-income investors even as bond prices usually rise.
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