The Dow Jones Industrial Average fell on Tuesday as the Federal Reserve kicked off a two-day monetary policy meeting.US Marketsread more
Brent crude oil jumped the most in history in the previous session after attacks on Saudi's oil industry disrupted the kingdom's production.Marketsread more
Facebook has partnered with Ray-Ban maker Luxottica to develop augmented-reality glasses, people familiar with the matter told CNBC. The glasses, code-named 'Orion,' are being...Technologyread more
Fanatics has hired Michener Chandlee, Nike's corporate audit and chief risk officer, to become its chief financial officer, succeeding Lauren Cooks Levitan, CNBC has learned.Retailread more
As Netflix's rivals prep for their own streaming service launches, and snatch up content belonging to their own networks, Netflix could soon face a dry well when it comes to...Entertainmentread more
"There's a huge reorganization going on in China regarding fentanyl to try to shut it down," Blackstone co-founder Stephen Schwarzman says.Health and Scienceread more
The fallout from two fatal crashes of Boeing 737 Max planes has ensnared the manufacturer's most-loyal customer: Southwest Airlines. The carrier has canceled thousands of...Airlinesread more
Pelosi also said it's "irrelevant" whether approving the USMCA trade deal would give President Donald Trump a victory ahead of the 2020 election.Politicsread more
The fine against Carmene "Zsa Zsa" DePaolo was the maximum possible civil penalty that she faced under the Hatch Act for her comments about Hillary Clinton's immigration plan...Politicsread more
Sen. Elizabeth Warren has called on lobbyists to be banned from donating and fundraising for their preferred campaigns. Her new plan represents the latest shift for Warren who...2020 Electionsread more
Half of Saudi Arabia's crude production cut during Saturday's attack has been restored in the past two days, the kingdom's energy minister said Tuesday.Oilread more
Here's a round-up of the most important deals in venture capital from the past week.
With its once-dominant Windows unit slipping in market share in recent years, Microsoft has embarked on a cloud-first reorganization. Its acquisition of Github is expected to help the company court a new generation of developers.
Ant Financial operates one of China's largest payments platform, Alipay. The company said it plans to use its new found capital to speed up Alipay's international plans, and to develop technology and financial services to serve unbanked and underbanked consumers and small enterprises, while hiring in emerging markets.
Flush with capital, Ant Financial invested $321 million in a Chinese bike-sharing venture called Hellobike. The company's valuation is now approaching $1.5 billion, according to China Money Network. Hellobike is famous for giving users with a good credit score a deposit-free option to rent and ride bikes on their network.
CMR Surgical raised $100 million in a series B round of funding to develop robotics for use in minimal access surgeries, including upper gastrointestinal, gynecological and other applications. The company is now putting its Versius systems through a range of validation studies in the U.S. and Europe. Investors included: Cambridge Innovation Capital, the venture arm of automation giant ABB, and Zhejiang Silk Road Fund in China.
Ritual, an app for ordering carry-out food and beverages, raised $70 million in a series C round of funding led by Georgian Partners and joined by its earlier backers: Greylock, Insight Venture Partners and Mistral Venture Partners.
The app arranges for users to pick up their own orders at a restaurant, or have their food or drinks delivered by peers heading to the same spot.
Starship Technologies, a start-up making delivery robots, has raised $25 million in new seed funding from investors including Matrix Partners, Morpheus Ventures and several individual angels. The company also brought on a new CEO, Lex Bayer, who was formerly Airbnb's head of business development and payments.
Airbus Ventures, Sony Innovation Fund and Fontinalis Partners, a firm founded by Ford Motors executive chairman Bill Ford, are all investing $18 million in a Swiss developer of indoor drones called Verity Studios. Verity's drones have been used for aerial light shows over the stages and audiences attending Cirque du Soleil and TED Global talks.
Enterprise drone start-up Kittyhawk.io (not to be confused with the flying car start-up, Kitty Hawk) raised $5 million in new seed funding from investors including Bonfire Ventures, Boeing Horizon X Ventures, Freestyle Capital and Kluz Ventures.
Led by a 25-year-old CEO, Delane Parnell, PlayVS has raised $15 million in series A funding to help high school students officially participate in e-sports-- competitive video game tournaments. NEA led the investment in PlayVS, joined by Science, CrossCut Ventures, Cross Culture ventures and hip hop icon Nas, among others.
Innovation Endeavors announced that it has closed a $333 million fund, its third overall fund but first to raise and make investments on behalf of outside partners. Innovation Endeavors started four years ago as an "evergreen" fund with capital coming from co-founder Eric Schmidt.
Later, the firm acquired another venture firm, Marker (and all its portfolio companies). Today, Innovation Endeavors invests in "moon shots," and has backed companies in aerospace, health-tech, food and agriculture.