Coming off a boom year for the tech industry, investors spent the early part of 2021 pouring money into food delivery companies, online brokerages and Elon Musk’s SpaceX, leading to a record quarter for U.S. venture funding. Venture-backed companies raised $64 billion in the first three months of the year, […]
Google Pixel 5a not canceled, Google says
Google Pixel 4a Todd Haselton | CNBC Google on Friday denied reports that said its next phone, the Pixel 5a, is canceled and said it will launch later this year in the U.S. and Japan. The phone has not yet been officially announced and this is the first time Google […]
Biden seeks extra Pell grant money for college and expand aid to Dreamers
Alex Wong | Getty Images News | Getty Images President Joe Biden asked Congress for a $400 annual increase in maximum Pell grants for college students as part of a budget proposal issued Friday. The president also called to broaden eligibility to undocumented immigrants known as Dreamers. Pell grants are […]
White House to host Google, Intel CEOs to discuss chip supply chain
President Joe Biden holds a chip as he speaks prior to signing an executive order aimed at addressing a global semiconductor shortage, in the State Dining Room at the White House in Washington, U.S., February 24, 2021. Jonathan Ernst | Reuters Chief executives from companies including Google parent Alphabet, AT&T, […]
Levi Strauss, FuboTV, Honeywell and more
A man wears Levis Strauss & Co. clothing during the company’s initial public offering (IPO) at the New York Stock Exchange (NYSE) in New York, U.S., on Thursday, March 21, 2019. Jeenah Moon | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Levi Strauss – […]
SEC is scrutinizing SPAC projections, seeks clearer disclosures
Saul Loeb | AFP | Getty Images The SEC is eyeing potentially misleading earnings projections made by SPAC sponsors and is seeking clearer disclosures, with one official hinting Thursday that the agency may issue a future rule to rein them in. Special purpose acquisition companies, known as SPACs or blank-check […]
Start-up Swoop will provide rides for 2022 Super Bowl
Group transportation and software-as-a-service start-up Swoop won a contract with the NFL to provide rides for the 2022 Super Bowl in Los Angeles, CNBC has learned, as large-scale events are once again in sight. The company will provide transportation leading up to, during and following the Super Bowl. That could […]
Didi Chuxing raising $1.5 billion in debt ahead of IPO: Reports
A logo of ride-hailing giant Didi Chuxing displayed on a building in Hangzhou in China’s eastern Zhejiang province. STR | AFP | Getty Images Chinese ride-hailing giant Didi Chuxing is said to be raising $1.5 billion in debt financing ahead of a blockbuster U.S. IPO, Bloomberg reported Friday, citing sources […]
JPMorgan increased the number of Black interns in its Wall Street program by nearly two-thirds
JPMorgan Chase boosted the number of Black and female college students selected for investment bank internships by leaning on technology platforms that help the firm broaden out its campus recruiting efforts, CNBC has learned. The company said that 18% of its corporate and investment bank summer interns in North America […]
Facebook to use part of its headquarters as a public vaccination site
A giant digital sign is seen at Facebook’s corporate headquarters campus in Menlo Park, California, on October 23, 2019. Josh Edelson | AFP | Getty Images Facebook is converting part of its Menlo Park, California, headquarters into a public Covid-19 vaccination site, COO Sheryl Sandberg said in a post on […]