Investors largely expected the FOMC to cut rates by a quarter point.The Fedread more
The lack of clarity surrounding the U.S.-China trade war is what's really hitting global growth, says ex- Deputy Treasury Secretary Sarah Bloom Raskin.World Economyread more
China's economy has long relied on factors such high levels of investments and an expanding labor force for growth. Those growth drivers are running out of steam.China Economyread more
India could benefit from the fallout in the U.S.-China trade war, experts told CNBC — but much-needed reforms on land and labor could prove to be a challenge for companies...Asia Economyread more
New crash tests show the Tesla Model 3 and the Audi e-tron, are among the safest models out on the road. The results bolster the theory electric vehicles may be better...Autosread more
U.S. consumers and growth in sectors such as technology have offset declines in other American industries, says Tom Finke, chairman and CEO of investment management firm...US Economyread more
The FAA administrator's comments come on the eve of his visit to Boeing facilities outside Seattle. While there, he's scheduled to meet with Boeing executives and be briefed...Airlinesread more
Last weekend's attacks on oil facilities — and the spike in crude prices that followed — should show that the world needs to stop relying on oil, says Helen Clark.Energyread more
The photo depicts Canadian leader Justin Trudeau wearing a turban and robe, with dark makeup on his hands, face and neck. Liberal Party spokesman confirms the photo is of...Electionsread more
As the Fed was meeting to consider cutting interest rates, it lost control of the very benchmark rate that it manages.Market Insiderread more
CBS, CNN and other major media companies are starting to pull e-cigarette advertising off their airways, as the death toll from a mysterious vaping-related illness continues...Health and Scienceread more
NewTV, a subscription streaming service for premium short-form content that's launching by Christmas of 2019, aims to disrupt Hollywood the way HBO did in the 1990s, and has raised $1 billion in funding. The company is run by Jeffrey Katzenberg, the former chairman of Disney Studios, and former Hewlett Packard Enterprise CEO Meg Whitman. Investors include Disney, Comcast and Alibaba.
Chinese artificial intelligence company SenseTime co-led a $199 million investment in MovieBook, a Beijing-based developer of video recognition software. MovieBook aims to improve online video search, and other online video services. SB China Venture Capital also co-led the deal, joined by Qianhai Wutong, PAC Partners, Oriental Pearl Group and Lang Sheng Investment.
Naspers is putting more money into LetGo, a mobile marketplace for used goods that competes with Craigslist, eBay, and Facebook Marketplace, along with start-ups like OfferUp. Naspers has committed to pour $500 million more into LetGo, with $150 million invested so far. LetGo was earlier backed by NEA, Insight Venture Partners, Accel and others.
Novo Holdings, Cowen Healthcare Investments, Pfizer Ventures and OrbiMed are among investors in a $60 million round for Therachon. The biotech venture is developing medicines for rare diseases largely ignored by the industry. The company is currently focused on developing a protein therapy to treat achondroplasia, a genetic disorder causing dwarfism.
Otto co-founder Don Burnette has teamed up with former venture capitalist Paz Eshel to launch Kodiak, a self-driving truck startup. The company has raised $40 million from investors including Battery Ventures, where Eshel used to work, CRV, Lightspeed Venture Partners and Tusk Ventures.
Ample, a start-up working on electric vehicle charging technology, raised a $31 million series A round of funding led by Shell Ventures.
Andreessen Horowitz led a $20 million investment into Wonderschool, a start-up that helps educators go entrepreneurial by starting their own daycare or in-home preschool.
Cowboy Ventures closed a $95 million seed-stage fund, its third. The firm is best-known for its early investment in Dollar Shave Club, which was acquired for around $1 billion by Unilever in 2016. Cowboy Ventures is also one of the first Silicon Valley venture funds founded by a woman, Aileen Lee. Prior to starting her own fund, Lee was a venture investor at Kleiner Perkins.
Disclosure: Comcast, which owns NBCUniversal, parent company of CNBC and CNBC.com, is an investor in NewTV.