Arturo Estrella has a message for recession naysayers: It could hit sooner than you think.Marketsread more
Local governments commonly share single service providers, making many vulnerable at once. On top of this, ransomware has often been used to mask more targeted, malicious...Technologyread more
Salesforce released its first earnings report since its $15.3 billion acquisition of Tableau Software, the company's largest deal ever.Technologyread more
Fed Chairman Jerome Powell faces the tough challenge of presenting a unified voice on Fed policy from the most divided Fed in years.Market Insiderread more
Kudlow also confirmed to CNBC that he supported a tax cut proposal floated earlier Thursday by Sen. Rick Scott, R-Fla.Politicsread more
VMware is following through on its proposal to buy Pivotal, a fellow Dell subsidiary, and expanding into cybersecurity with the acquisition of Carbon Black.Technologyread more
Google says it shut down hundreds of YouTube channels tied to misinformation around the Hong Kong protests.Technologyread more
It is a rare scenario where long-term interest rates suddenly fall below short-term interest rates.Real Estateread more
Investors are rushing to get a piece of its privately held rival Impossible Foods before it goes public, according to the Wall Street Journal.Food & Beverageread more
Weisler has been CEO at the company since 2015 when it split from HPE.Technologyread more
Companies want to know our values and if they work with us, "they want to be aligned with those values," Salesforce co-CEO Keith Block says.Mad Money with Jim Cramerread more
Theranos founder Elizabeth Holmes plans to give out shares of her personal stake in the company to investors who promise not to sue the company, The Wall Street Journal reported on Thursday.
Investors in Theranos' latest funding rounds could get about two additional shares for each one they bought, according to the Journal, which cited unnamed people familiar with the matter. Investors likely paid $15 to $17 a share, but with the additional shares, the effective cost would now be lowered to about $5, the sources told the Journal.
Holmes would give up her majority stake in the start-up as part of the deal, which could potentially affect early shareholders such as Education Secretary Betsy DeVos, Walmart's founding family, and media titan Rupert Murdoch, the Journal reported.
Neither Theranos nor the organizations affiliated with named investors were immediately available for comment.
Though Theranos raked in more than $600 million in its latest funding rounds, it now has about $150 million or less in cash, excluding debt, a source told the Journal.
Theranos was founded by Holmes to realize the dream of testing blood by the drop, not the vial. But earlier reporting by the Journal called into question the efficacy of the blood tests, prompting investigations and sanctions from regulators.
Theranos has since promised to be more transparent about its technology.