Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Hours after President Trump said Sunday he had "second thoughts" about escalating the trade war with China, the White House sought to explain his remark because it was...Politicsread more
President Donald Trump said that he would have a major trade deal with U.K. after it leaves the European Union.Politicsread more
Despite Kudlow's expectations, China said on Saturday that it strongly opposes Trump's decision to levy additional tariffs on $550 billion worth of Chinese goods, and warned...Politicsread more
President Donald Trump said Sunday he was not happy after North Korea launched short-range ballistic missiles over the weekend.Politicsread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
Bryn Mawr Trust CIO Jeffrey Mills lists where to put money to work as Wall Street copes with trade war and recession jitters.Futures Nowread more
The announcement for Target also comes on the heels of a strong quarterly earnings report, where it showed it drove more people to stores and got them to spend more money...Retailread more
The Goldman Sachs technology M&A team, led by Sam Britton, has cashed in on its software focus and decades of experience to dominate 2019's biggest deals.Technologyread more
American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
Sequoia Capital, the 46-year-old venture firm that backed Apple and Google in their early days and has consistently produced top-performing funds, said someone sent a phishing email to one of its investors in an effort to steal money.
In an email this week to all of its limited partners, Sequoia said that the scheme involved the impersonation of official Sequoia communications and requested a "capital call be sent to a bank account in Mexico." A capital call occurs when an investment firm requests money that's been promised.
"This spoofed email is very convincing, as it mimics a legitimate Sequoia capital call notice in both form as well as substantive language and presentation," said the email, which was obtained by CNBC.
"It also comes from a very similar domain: seguoiacap.com. Note that the 'q' in Sequoia was replaced with a 'g.' "
In a statement to CNBC, a Sequoia spokesperson said, "We were notified by a single LP, and in an abundance of caution we alerted all active Sequoia LPs."
Venture capital — with its high stakes investments and big-dollars transactions — has now become a target of criminals that try to rip off businesses through wire fraud. The FBI calls schemes like the one Sequoia described as "business email compromise" and said last year that the "level of sophistication in this multifaceted global fraud is unprecedented."
Sequoia said in the email that there's no indication of a breach in its systems and urged its investors to be cautious of emails with unfamiliar wire transfer instructions or with words like "urgent." The firm provided a phone number and email address and asked that LPs contact Sequoia immediately so any potential issues could be investigated.
Founded in 1972, Sequoia is among the best-known venture firms in Silicon Valley, having invested in Apple, Cisco, Google and LinkedIn as well as notching more recent wins with WhatsApp, Dropbox and GitHub. The firm's website says that the public companies its backed have a combined market value of $3.3 trillion.
— CNBC's Kate Fazzini contributed to this report.