The U.S. had plans to hike duties on at least $250 billion in Chinese goods to 30% from 25% on Tuesday. Despite the partial trade deal, some banks on Sunday wrote that tariff...Marketsread more
The industry has pulled in $322 billion over the past six months, the fastest pace since the second half of 2008.Marketsread more
A technical recession occurs when there are two consecutive quarters of economic contraction.Asia Economyread more
"Deepfakes" are being used to depict people in fake videos they did not actually appear in, and can potentially affect elections, diplomacy and how markets move, experts say.Technologyread more
A spokesperson for the U.S.-backed Syrian Democratic Forces (SDF) has issued a stark warning to the international community.World Newsread more
The potential deal would shift Neumann's already diminished voting power to the Japanese conglomerate, according to the Journal.Technologyread more
U.S. President Donald Trump said that both sides reached a "very substantial phase one deal" that will address intellectual property and financial services concerns and...Asia Marketsread more
On Friday, Zedd tweeted about the ban, and CNBC verified the claim with his publicist on Saturday.China Politicsread more
Hunter's vows to forgo any foreign work follow a slew of unsubstantiated attacks by President Donald Trump accusing him of corruption.Politicsread more
Apple, the company that created the modern-day smartphone, is relying on technology customers are already extremely familiar with, like cameras, and taking a backseat when it...Technologyread more
Fisher was initially defiant amid the backlash in an interview with Bloomberg, in which he said he had "given a lot of talks, a lot of times, in a lot of places and said stuff...Personal Financeread more
Sept 20 (Reuters) - Palantir Technologies Inc is targeting a valuation of at least $26 billion in a private fundraising round, the first for the Peter Thiel-backed data analytics start-up in four years, people familiar with the matter said on Friday.
Palantir was valued at roughly $20 billion in its last private fundraising round in 2015. If successful, the fundraising would show that venture capital firms are continuing to drive the valuations of Silicon Valley unicorns' higher, even as stock market investors are pushing back.
Another darling of the start-up world, WeWork owner We Company, postponed its initial public offering (IPO) this week after it concluded that stock market investors may not even accept a third of the $47 billion valuation it attained in a private fundraising round in January. The office-sharing startup unnerved potential IPO investors with its widening losses and its founder's firm grip on the company.
Palantir is looking to raise between $1 billion to $3 billion, the sources said. It expects to command a valuation of between $26 billion and $30 billion, the sources added, requesting anonymity because the matter is confidential.
Palantir has held talks with a number of late-stage venture capital investors about participating in the latest fundraising round, including Japan's SoftBank Group Corp and sovereign wealth funds, according to the sources.
Palantir is working with Royal Bank of Canada and Morgan Stanley on the fundraising, one of the sources said. The company is considering an IPO in 2021 at the earliest, the sources said, cautioning the plans are still subject to change.
Palantir and Royal Bank of Canada declined to comment. Morgan Stanley did not immediately respond to a request for comment.
Palantir has raised roughly $2.75 billion from investors to date, according to data provider PitchBook.
Palantir, whose customers range from global banks to the U.S. government and the Central Intelligence Agency (CIA), specializes in crunching and analyzing large quantities of data.
The company's technology aided the U.S. government's successful search for Osama bin Laden, according to multiple media reports. (Reporting by Joshua Franklin in New York and Anirban Sen in Bengaluru, Editing by Rosalba O'Brien)