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Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
Canadian trade union Unifor said roughly 4,500 of its members have been temporarily laid off because of the GM strike so far.Autosread more
For investors taking a breather from the chaos in August, buckle up as the market is about go crazy again, Goldman Sachs warned.Marketsread more
The wearables company has reportedly retained advisers to consider exploring a sale of the business.Technologyread more
Roku shares have more than quadrupled this year, but the stock has had some rocky days of late as more players jump into streaming.Technologyread more
Walmart is the latest to pull back from the industry. Federal regulators said they will soon ban flavored e-cigarettes while some nations have outlawed the products...Health and Scienceread more
Legal experts say that California, which has pledged to sue, has a strong case that the administration's move is unlawful.Politicsread more
Solomon launched Payback Records last year as his music career was picking up.Financeread more
A group of 23 states on Friday sued to undo the Trump administration's determination that federal law bars California from setting stiff tailpipe emission standards and...Transportationread more
U.S. officials, including Secretary of State Mike Pompeo, have accused Iran of orchestrating devastating strikes on Saudi oil installations over the weekend.Politicsread more
Billion-dollar companies are at last proving their worth. Well, a few of them.
For the first time in six quarters, the number of venture-backed companies that went public or were acquired for at least $1 billion exceeded the number of start-ups that joined the billion-dollar club in the private market, according to CB Insights.
Twilio's initial public offering was the most notable deal in the second quarter given the dearth of tech IPOs this year. Four other VC-backed companies were purchased for 10-figure sums or sold a majority stake of that size, including self-driving start-up Cruise, which General Motors acquired for over $1 billion in May.
The data was published on Wednesday in CB Insights' first half global tech exits report.
While big tech exits are still hard to come by, they're at least happening. And at the same time the fundraising euphoria that dominated 2014 and much of 2015, lifting more than 150 companies into the once vaunted Unicorn club, has faded. In the second quarter, only four VC-backed companies joined the crew, down from 22 in the same period a year ago.
"Unicorn births have been on a downward trend since Q4'15, and reached a 6-quarter low in Q2'16," CB Insights said.