The leaders of Japan and China got off to a tense start but have made significant progress in turning around their relations in recent years.Asia Politicsread more
Tech's hottest IPOs of the year, including Beyond Meat and Zoom, dropped on Monday, falling more than the broader market.Technologyread more
Stocks in Asia slipped in Tuesday afternoon trade, while investors looked toward a meeting between U.S. President Donald Trump and Chinese President Xi Jinping set to happen...Asia Marketsread more
A week of dovish fireworks out of the central banking community has just gone by with most of the world's leading central banks now guiding towards easing in light of downside...Commentaryread more
"We do not seek conflict with Iran or any other country," Trump tells reporters in the Oval Office.Politicsread more
Chinese Vice Premier Liu He held a phone conversation with U.S. Trade Representative Robert Lighthizer and U.S. Treasury Secretary Steven Mnuchin, China's Ministry of Commerce...World Economyread more
Sen. Bernie Sanders announced a plan Monday to forgive the country's $1.6 trillion outstanding student loan tab, intensifying the higher education policy debate in the 2020...Personal Financeread more
While earnings usually come in substantially ahead of expectations — as much as 4 or 5 percentage points is not unusual — the downward direction in the outlook doesn't speak...Earningsread more
U.S. President Donald Trump's senior adviser Kellyanne Conway will not testify before the House of Representatives Oversight Committee this week on her alleged violations of...Politicsread more
"We missed being the dominant mobile operating system by a very tiny amount. We were distracted during our antitrust trial. We didn't assign the best people to do the work,"...Technologyread more
PatientsLikeMe was bought by UnitedHealth following a review by Trump's Treasury Department, which scrutinized the start-up because it's backed by Chinese cash.Technologyread more
Here's a round-up of the most important deals in venture capital from the past two weeks.
PayPal announced plans to acquire iZettle for $2.2 billion last Friday. The Swedish company makes mobile credit card readers and other payment technology for small businesses. The merger should catapult PayPal into hundreds of thousands of brick-and-mortar storefronts globally and into greater competition with companies like Square. Investors in iZettle included Intel, MasterCard, American Express, Index Ventures and Victory Park Capital. It had raised about $235 million in venture funding.
Kroger is buying Home Chef as online meal kit companies continue moving into grocery stores. The deal is valued at $200 million but could go up to $700 million over the next five years in exchange for Home Chef meeting certain milestones around growth of in-store and online meal kit sales, the companies said. Home Chef generated $250 million in revenue last year and posted two profitable quarters. It had raised around $55 million in venture funding from firms including L Catterton, Guild Capital and others.
Grail, a company trying to make early cancer detection faster and more accurate, has raised $300 million in a series C funding round led by Ally Bridge Group and including health investors Sequoia Capital China and genomics database company WuXi NextCODE. Grail spun out of Illumina, a genomic sequencing company, in 2016. The new round brings Grail's total capital raised to $1.5 billion.
Rover, a site for booking pet sitters and dog walkers, has raised $125 million in a new round of equity funding led by T. Rowe Price, the companies announced on Thursday. Rover also attained a $30 million credit facility from Silicon Valley Bank. In the U.S. pet care market, Rover primarily competes with the dog-walking app Wag, which is backed by SoftBank.
Honor has raised $50 million in a series C round led by Naspers Ventures to expand its network of home-care providers for seniors. Honor aims to help older adults live at home in good health and comfort as long as they possibly can. Honor has raised a total of $115 million from investors including Thrive Capital, 8VC, Andreessen Horowitz and Syno Capital.
Finnish space-tech venture ICEYE raised $34 million in a series B funding round led by True Ventures along with Draper Nexus, Space Angels and other advanced tech funds. The company develops micro-satellites for earth observation. Its satellites employ synthetic aperture radar (or SAR) tech, which can generate imagery almost any time it's wanted, even at night or through cloud cover.
Valimail raised $25 million for tech that helps different organizations prevent email "spoofing" or impersonation. Tenaya Capital led the round, joining Shasta Ventures, Flybridge Capital and Bloomberg Beta as Valimail backers. The company's early customers include Uber, Yelp and Fannie Mae among others.
Boston health-tech startup OM1 raised $21 million in a series B funding round. The company uses health data and machine learning algorithms to help doctors and patients compare potential treatments and predict the health outcomes resulting from each. Polaris Partners led the round joined by General Catalyst and 7wire Ventures.
Sinovation Ventures has closed a $391 million AI-focused fund, which will be based in Guangzhou, China. Sinovation was founded by Kai-Fu Lee, the former president of Google China. Lee is famous for, among other things, declaring that robots and AI will obliterate half of all jobs in the next decade.
Former TechCrunch editor-in-chief Alexia Bonatsos has launched a new venture firm called , adding to the ranks of funds founded and run by women.