Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
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The latest escalation in the trade war ups the odds the economy will fall into recession and that the Fed will aggressively cut rates.Market Insiderread more
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"We don't need China and, frankly, would be far better off without them," Trump tweeted.Politicsread more
Recent trade friction between the two Asian powerhouses has morphed into a dispute with political implications that go far beyond the region.Asia Politicsread more
"My only question is, who is our bigger enemy, Jay Powell or Chairman Xi?" Trump wrote amid a series of tweets that rattled markets Friday.Politicsread more
"I would love this to be clarified. We come to a deal on trade, boy, this market is up 10 to 15%, but without it's going to be worrisome," Jeremy Siegel says.Marketsread more
Tesla solar energy systems reportedly ignited at an Amazon warehouse in Redlands, California last June, and the Seattle e-commerce titan confirmed that it has no further plans...Technologyread more
On Friday, Salesforce said in a filing that it owns 514,255 shares of the ride-sharing company as of the end of the first quarter. At Lyft's closing price of $51.09, that values the stake at $26.7 million. A spokesperson confirmed to CNBC that the investment was made four years ago, though it hadn't been previously disclosed.
It's a departure from the strategy that Salesforce Ventures has followed of investing in companies where there's an opportunity for a clear strategic relationship. For instance, Salesforce invested in video conferencing software company Zoom at the time of its IPO last month. Salesforce also holds shares of Anaplan, SurveyMonkey and Twilio.
John Somorjai, the head of Salesforce Ventures, told CNBC in an interview shortly after the Zoom IPO that "there are a lot of ways we can bring these products together."
There's no obvious partnership with Lyft given the companies operate in completely different spaces. However, in September, Salesforce issued a statement touting Lyft as a customer of the company's Pardot and Sales Cloud products.
Salesforce CEO Marc Benioff has been critical of Lyft's top rival Uber for its ethical lapses. Last year, Benioff highlighted issues that Uber faced on a panel at the World Economic Forum and referred to those problems as creating "a crisis of trust."
Uber held its market debut on Friday, and the stock fell 7.6 percent after the company priced the offering at the low end of the range. Lyft has also struggled since going public on March 29, with the stock dropping 29 percent. According to Salesforce's filing, its stake in Lyft at the end of the quarter was worth $40.3 million.