The Fed came very close to promising a rate cut Wednesday, and now markets are focused on a possible July rate cut.Market Insiderread more
The Fed left interest rates unchanged at its monetary policy meeting. The U.S. central bank did, however, drop the word "patient " from its statement and said it would "act as...Asia Marketsread more
Markets had expected the central bank to keep its benchmark interest rate steady while setting up a cut at the July meeting.The Fedread more
The yield on the benchmark 10-year Treasury note fell below 2% for the first time since November 2016 on Wednesday — breaching a key psychological level.Bondsread more
As the presidents of U.S. and China near a highly anticipated meeting on trade, the gap in both sides' expectations regarding a deal remains wide.World Politicsread more
Powell said policymakers are concerned about some of the recent economic developments and see a growing case for easier policy.The Fedread more
Meatless alternatives are on the rise, fueled by startups and companies. CNBC's Uptin Saiidi tried out 21 days as a vegetarian and explores whether this is a fad or the future...Food & Beverageread more
Amazon and Blue Origin founder Jeff Bezos gave more insight into his space company's lunar plans on Wednesday.Technologyread more
Sundar Pichai's note reads like a response to growing scrutiny from regulators, press and employees, and echoes a consistent theme of how Google helps people.Technologyread more
Delta warned travelers that a technical problem could delay flights on Wednesday.Airlinesread more
The Fed chief said that despite reports that Trump was looking to demote or fire him, he doesn't plan on leaving anytime soon.The Fedread more
The unicorn may as well be the new Silicon Valley mascot.
The term, reserved for the rare start-up that reaches a $1 billion valuation, is being thrown around in mainstream media and casual conversation because of the speed at which companies are reaching the milestone.
But it's not just about getting there. CB Insights, a New York-based research firm, released data on Friday showing that the private companies worth the most are multiplying their valuations at a ridiculous clip.
Doubling in value in a year is hard, and should get more challenging as the numbers get larger. Not in this market.
Take WeWork for example. The provider of co-working space in 13 cities across the globe increased by 233 percent in less than a year, when it raised money in December at an almost $5 billion valuation. Uber, the most highly valued U.S. venture-backed tech company, rose by 167 percent between June and December to $40 billion.
Airbnb surged 300 percent to $10 billion at the time of its financing last year, but it had been almost two years since its previous funding round, a glacial pace in this environment.
Read MoreThe Uber & the stick
"In earlier days, this lag would be customary," CB Insights wrote. "But in the current climate where hedge fund, private equity and mutual fund money is pouring into tech companies, two years has become a long time between fund raises."
A total of six U.S. private companies are worth at least $10 billion, including Snapchat, which is said to be approaching a $19 billion valuation, almost double the $10 billion price tag it garnered in December.
According to The Wall Street Journal, at least 73 companies across the globe are valued at $1 billion or more by venture capitalists.