Removing Neumann is a difficult decision for Son, who has long believed in WeWork and Neumann's vision to quickly expand the company.Technologyread more
The Kingdom and oil and gas industry have been slow to shore up defenses, raising red flags about the possibility of longer term fall-out in the region.Technologyread more
Datadog went public on Thursday and instantly hit a $10 billion valuation, becoming the fourth cloud software debut to reach that level this year.Technologyread more
There are challenges with Iran, North Korea, the Afghan Taliban, Israel and the Palestinians — not to mention a number of trade pacts.Politicsread more
Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
In his new memoir, "The Ride of a Lifetime," Iger explains why he decided against the deal to buy Twitter.Technologyread more
In perhaps Buffett's first televised profile, he explained a method of investing that prioritizes bargains and makes use of an occasional baseball analogy.Marketsread more
The massive market transformation this month that some on Wall Street called a "once in a decade opportunity" might have just been a one-off technical move because of taxes.Marketsread more
A 58% majority of registered voters express unease about voting for Trump, but slightly more say the same about Joe Biden and Bernie Sanders, while Elizabeth Warren fares only...Politicsread more
A temporary airspace closure forced flights coming into Dubai from Australia, Singapore and India to be diverted to nearby airports.Airlinesread more
Schiff had previously shied away from calling for impeachment, but his comments on CNN's "State of the Union" indicate his stance has shifted.Politicsread more
One venture capital firm said it would fund visas for immigrant founders in explicit opposition to Donald Trump.
Charles River Ventures (CRV) will cover the legal costs of U.S. visas for any founders in CRV's portfolio of start-up investments, and has created a fellowship program for immigrant entrepreneurs, the firm said in a Wednesday blog post. The informal fellowship, which has already done one investment, covers funding, support and office space.
"Donald Trump's anti-immigration statements are diametrically opposed to the core values of entrepreneurship," CRV's post said.
CRV's team (Source: Charles River Ventures)
It comes as Republican presidential hopeful Trump has called for "immigration moderation," including raising wages to limit H-1B visas, which grant U.S. immigration and residency rights to foreign workers qualified in so-called "specialty occupations." Trump said prioritizing domestic workers will improve the number of black, Hispanic and female workers in Silicon Valley.
Danny Crichton, an investor at the 46-year-old Silicon Valley start-up investment fund, said that the problems in Silicon Valley should be solved by the world's best talent, and that broad policy changes around education and mentorship will bridge America's technology skills gap better than visa reform alone.
Technology CEOs such as Mark Zuckerberg have argued that each talented specialist on an H1-B visa creates two or three American jobs in return. Democratic nominee Hillary Clinton's technology plan proposes Green Cards for advanced science, math and technology graduates from accredited institutions, and supports visas for top entrepreneurs.
George Zachary, a partner at CRV, said that his success, like that of many others at the firm, was driven by the opportunities given to immigrants. His father came to the U.S. through Ellis Island and started a lightbulb company that put Zachary through college.
"I don't think it's just a bubble in the 650 Palo Alto area code," said Crichton, who said he's gotten positive feedback on the fellowship. He points to companies like Google, which employs thousands and was co-founded by Russian-born Sergey Brin. "Obviously Silicon Valley is on the side of progress ... but I don't think this is an echo chamber. Would I rather have Facebook, Amazon and Apple built inside the U.S.? Or in China?"
The Trump campaign did not immediately respond to CNBC's request for comment.