Netflix blames its content slate, regional price increases and a "pull-forward effect" of its strong Q1 growth for the miss.Technologyread more
Netflix lost paid U.S. subscribers for the first time in eight years and fell below analyst estimates for international subscriber growth.Tech Driversread more
The Philadelphia Fed saw its primary gauge measuring the sector jump from 0.3 in June to 21.8, far better than Wall Street estimates of 5 and the highest in a year.Economyread more
Morgan Stanley highlighted 20 companies including Uber and American Express that it expects earnings will drive the stock price in the near-term.Investingread more
The Dow Jones Industrial Average and Nasdaq Composite traded slightly lower on Thursday after a mixed batch of corporate earnings results.US Marketsread more
Revenue of $10.24 billion exceeded the consensus estimate by almost $250 million.Financeread more
Treasury Secretary Steven Mnuchin says if the call goes well, he would expect in-person meetings to take place.Marketsread more
Southwest joints United and American in taking the Boeing 737 Max out of its schedules through early November with no end in sight to the federally mandated grounding of the...Airlinesread more
Jeffrey Epstein, a former friend of presidents Donald Trump and Bill Clinton, had asked a judge to release him on a bond of as high as $100 million or more.Politicsread more
The filing came a day after the judge in Michael Cohen's criminal case ordered their release, saying that the end of a probe into those payments to alleged sexual partners of...Politicsread more
Despite a disappointing earnings report, Wall Street analysts are sticking by the stock and looking ahead to the third quarter.Marketsread more
LogicBio Therapeutics went public this week, raising $70 million. The genome editing company develops medicines to fight rare diseases. Its stock trades on the Nasdaq under the ticket symbol "LOGC." LogicBio is based in Cambridge, Massachusetts, and had previously raised roughly $50 million in financing, led by Arix Bioscience and OrbiMed.
Chinese scooter maker Niu raised $63 million in its U.S. IPO this week. The stock trades on the Nasdaq under the ticker symbol "NIU." The company was co-founded in 2014 by Baidu's former chief technology officer, Li Yinan, and Token Yilin Hu, formerly of Microsoft China. The popular electric vehicles run on lithium ion batteries and come with anti-theft features like mobile notifications if the scooter is tampered with or the battery is removed.
Instacart announced a $600 million financing round led by D1 Capital Partners, valuing the online grocery start-up at $7.6 billion. The delivery service is available in Canada and the U.S. through partnerships with local and regional grocery chains. Instacart has raised more than $1.6 billion in total funding and has 600 full-time employees across North America.
Andreessen Horowitz led a new round in Devoted Health, a health insurance start-up aimed at seniors. The $300 million Series B financing values the company at $1.8 billion, people familiar with the matter told CNBC. Devoted is co-founded and run by Todd Park, who previously co-founded Athenahealth and Castlight Health.
Middle East ride-hailing company Careem secured $200 million from existing investors, including Saudi Arabian billionaire Prince Alwaleed bin Talal's Kingdom Holding and Al Tayyar Group. Careem competes head-to-head in many major Middle East cities with ride-hailing pioneer Uber. One source close to the deal told Reuters that the latest investment, combined with previous fundraising and expansion into new segments and markets, gave the company an estimated valuation of over $2 billion.
SoftBank's Vision Fund invested $100 million in Brazilian delivery start-up Loggi, according to Bloomberg. The company, which operates in goods and food delivery, previously raised funding from Qualcomm Ventures and Dragoneer Investment Group.
Oh My Green, a health foods concierge service, raised $20 million in seed funding from investors including Y Combinator and Initialized Capital. The company uses artificial intelligence and connected internet devices to customize and manage corporate food services.
Cybersecurity firm WhiteSource closed a $35 million Series C round, led by Susquehanna Growth Equity. The start-up has offices in New York, Boston and Tel Aviv, and offers enterprise security services for open source operations. 83North, Microsoft's venture arm M12 and Peregrine Ventures also participated in the round, which brings total funding to $46 million.
Intel Capital co-led a $13 million Series A round in cloud company Paperspace. Battery Ventures, SineWave Ventures and Sorenson Venture also led the round, with participation from Initialized Capital. Paperspace offers cloud computing and machine learning development. It's raised $19 million to date.
Hero, a maker of medication management devices, raised $12 million in Series A funding from investors including Brainchild Holdings, Third Kind Venture Capital and Alan Patricof, among others. The device sorts and dispenses medication, reminds users to take it and provides real-time and historical adherence data.
Future Family, a company working to make fertility care more accessible, raised $10 million in Series A funding. The round was led by Aspect Ventures. The start-up offers flexible fertility services on a personalized basis. It's raised $14 million to date, according to Crunchbase.
Invisible, a company launching an AI bot for outsourcing menial tasks, announced $2.6 million in seed funding. Business customers can name the bot and set it to outsource tasks like getting an email inbox to zero or compiling monthly expense reports. The company is backed by Backed Ventures, Loup Ventures, Horizons Alpha and Day One Ventures.
Bill Gates' Breakthrough Energy Ventures launched a 100 million euro ($115 million) investment fund, in partnership with the European Commission. The fund will help support clean energy technology in Europe, with particular focus on reducing greenhouse gas emissions in fields like transportation, agriculture and manufacturing. Gates and Breakthrough will put in half the funding, and the other half will come from InnovFin, the financing arm of Horizon 2020, the European Union's research and innovation initiative.
Amazon invested $10 million in Closed Loop Fund, an investment fund that supports cities and companies in building recycling programs. The fund has said it plans to invest $100 million by 2020. Amazon's investment will divert 1 million tons of recyclable material from landfills, the company said.
—Reuters and CNBC's Evelyn Cheng and Chrissy Farr contributed to this report.