Amazon workers in Minnesota and Germany are striking as Prime Day kicks off, in a stand against working conditions and wage practices. The action in Minnesota represents the...Retailread more
Treasury Secretary Steven Mnuchin is raising red flags ahead of Facebook's proposed cryptocurrency launch.Marketsread more
Epstein is accused of sexually exploiting dozens of underage girls from 2002 through 2005 at his New York and Florida residences. He is a former friend of Presidents Donald...Politicsread more
When you think of Prime Day, you might be thinking about deals on Instant Pots and Amazon Echo devices — not half-off dresses and designer heels. But the market for apparel...Retailread more
David Marcus, the head of Facebook's digital currency project, said the company expects Libra will drive more advertising revenue for the company.Technologyread more
Some White House officials expect the Cabinet secretary, who has known the president for years, to depart as soon as this summer.Politicsread more
Boeing met with aircraft leasing firms and financiers in New York as the grounding of its popular 737 Max planes drags on with no clear timeline for getting the planes back in...Aerospace & Defenseread more
A financial disclosure made by lawyers for Jeffrey Epstein, a former friend of presidents Donald Trump and Bill Clinton, reveals he has nearly $560 million in assets.Politicsread more
Both companies report earnings on Aug. 8, so the CBS and Viacom boards have set that as a natural deadline to agree to a merger. Price won't be discussed by the companies...Technologyread more
The Food and Drug Administration "stands ready" to start reviewing e-cigarettes amid a teen vaping "epidemic," acting Commissioner Ned Sharpless said Monday in a statement.Health and Scienceread more
US oil companies on Monday began restoring some of the more than nearly 74% production shut at U.S. Gulf of Mexico platforms ahead of Hurricane Barry, the US offshore drilling...Energyread more
Coalo Valley Farms, California's first edible cricket farm, missed its goal this month to raise money on Kickstarter. (Tweet this)
Elliott Mermel, who runs the farm out of a warehouse in the Los Angeles suburb of Van Nuys, told CNBC last month before launching the crowdfunding campaign that the money would "allow us to increase our cash reserves for any bumps in the road. We need only $30,000 to $40,000—and that should carry us."
According to the Kickstarter website, Coalo Valley Farms had a goal to raise $32,000 but crowdfunders pledged only $16,443. Mermel didn't respond to CNBC's requests for comment on the Kickstarter setback.
Mermel raised about $100,000 from family members to start the cricket farm and sell cricket protein powder. Sometimes called "cricket flour," the powder is used in everything from cricket energy bars and baked goods to smoothies.
"We saw an awesome opportunity where we could take such an old industry and such an old form of nutrition—insects—and kind of put a new-world, a new-generation twist on it," Mermel said last month.
Coalo Valley Farms isn't the first edible cricket company to try its luck at crowdfunding. But two previous attempts by cricket protein bar companies were more successful.
In 2012, Chapul raised just over $16,000 from a Kickstarter campaign, exceeding its $10,000 goal. And Exo brand cricket bar's 2013 Kickstarter campaign generated nearly $55,000, above the company's $20,000 goal.