It was the third trigger of the recession indicator in less than two weeks.Bondsread more
U.S. manufacturer growth slowed to the lowest in almost 10 years in August, the latest sign that the trade war may be exacerbating the economic slowdown.Marketsread more
Philadelphia Fed President Patrick Harker said he doesn't see the case for additional stimulus after the Federal Reserve's July rate cut.The Fedread more
Stocks fell as fears of an economic recession built up ahead of a key speech from Federal Reserve Chairman Jerome Powell.US Marketsread more
"My sense was we've added accommodation, and it wasn't required in my view," George tells CNBC's Steve Liesman.Investingread more
Former Prudent Bear Fund manager David Tice is urging investors to brace for a massive downturn.Trading Nationread more
German Chancellor Angela Merkel said a solution to the Irish "backstop" is possible before the October 31 Brexit deadline.Europe Economyread more
Apple plans to unveil three new iPhones in September, including two new "Pro" models and a successor to the iPhone XR, Bloomberg reported Thursday.Technologyread more
A ruling against J&J could mean more big payouts in similar cases across the country.Health and Scienceread more
While Volkswagen may not want to invest in Tesla, the U.S. carmaker has been scouting locations in Europe for a new Gigafactory there.Autosread more
Corporate profits posted modest growth in the second quarter as companies brace for slowing global growth.Retailread more
Autodesk this week agreed to buy construction software company PlanGrid for $875 million. The San Francisco-based start-up previously raised $69 million in funding from investors including YCombinator, Sequoia Capital and Tenaya Capital. PlanGrid enables real-time construction tracking for contractors and and architects. Autodesk "makes software for people who make things."
Beijing-based robotics company Geek+ completed a $150 million Series B round from backers including Warburg Pincus, Volcanics Venture and Vertex Ventures. The company develops artificial intelligence and robotics technology for supply chain and warehouse applications.
Agora.io, announced $70 million in Series C financing, led by Coatue Management and with participation from SIG, Morningside and Shunwei Capital. The start-up has raised $125 million to date. Agora offers a platform for developers to embed real-time voice, video and interactive live broadcasting into a website or mobile app.
AEye, a maker of laser sensing systems for autonomous driving applications, closed $40 million in Series B funding, led by Taiwania Capital. Kleiner Perkins, Intel Capital and Airbus Ventures also participated in the round.
Bain Capital led a $32 million Series C round in Wonolo, an on-demand staffing platform for businesses. Sequoia Capital and others also participated in the round, which brings total funding for Wonolo to $60 million.
European e-scooter start-up VOI raised $50 million in a Series A round led by Balderton Capital. VOI launched in August and has since expanded beyond Scandinavia to operate in Spain. The company counts Amazon CEO of Worldwide Consumer Jeff Wilkes and Zillow CEO Spencer Rascoff among its angel investors.
PlayVS, a start-up working to get esport competition into high schools, raised $30.5 million in Series B financing, led by Elysian Park Ventures, the venture arm of the L.A. Dodgers. The company has raised $46 million in total financing from backers including NEA, Science Inc, and Crosscut Ventures.
Fintech firm Plastiq raised $27 million in Series C financing, led by Kleiner Perkins and with participation from DST Global. The start-up aims to make any expense payable by credit card. It partners with major credit card companies and has signed up more than 1 million users.
Botkeeper, a Boston-based automated bookkeeping firm, closed $18 million in Series A financing, led by Greycroft. Gradient Ventures, Google's AI-focused venture fund, Ignition Partners and Halfcourt Ventures also participated in the round. The investment brings Botkeeper's total funding to $22.5 million.
The Bill and Melinda Gates Foundation Strategic Investment Fund participated in a $8 million Series B financing for CropIn Technology Solutions. The start-up uses artificial intelligence and cloud computing to optimize crop yield for farmers in India.
Hardwick, Vt.-based Green Mountain CBD, soon to be rebranded as SunSoil, announced $7 million in new funding from Raleigh-based One Better Ventures. The company grows organic hemp and makes cannabis products.
Jiobit, a start-up that makes location trackers for parents and pet-owners, raised $6.5 million in fresh capital. The Jiobit device is about the size of two quarters, and can be slipped into a kid's backpack, pocket, or clipped to their shoe or sleeve. It uses a combination of WiFi, cellular networks, GPS and Bluetooth for real-time tracking and monitoring of parent-designated "safe zones." The company has raised $11 million to date.