Buybacks have gotten a bad rap from both Republicans and Democrats. But stocks would be trading at a massive discount without them.Marketsread more
Fiat Chrysler and France's Renault could soon partner up to take on the sweeping changes to the global auto industry, according to a report in the Financial Times. The...Autosread more
Microsoft shares have gained 133% since November 2015, outperforming a tech "basket of unicorns" over that stretch.Technologyread more
The president's state visit comes amid tensions with carmaker Toyota over potential auto tariffs. Trump has repeatedly threatened Japanese and European carmakers with tariffs.Traderead more
The IRS is about to release a new draft of Form W-4, which will more closely reflect the changes stemming from the Tax Cuts and Jobs Act. For workers, that means they'll need...Personal Financeread more
When commercial real estate investor Manny Khoshbin spent $2.2 million on the fastest production car in the world, he had no idea it would very quickly also become the...Autosread more
The Mega Millions jackpot has spilled over $400 million. It would be the ninth largest winning since the game began in 2002.Personal Financeread more
Trump was speaking at a meeting of Japanese business leaders in Tokyo during his state visit to Japan on Saturday.Marketsread more
The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
The federal minimum wage has remained $7.25 per hour since 2009. But several states, and even some companies, have since taken matters into their own hands to pay employees a...Workread more
Stocks rose on Friday, but notched weekly losses as investors worried the U.S.-China trade war is hurting economic growth.US 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.