Silicon Valley’s most prominent VC firm had a banner week: $9 billion in IPO shares while helping TikTok negotiations

Sequoia Capital Global Managing Partner Doug Leone speaks onstage during Day 2 of TechCrunch Disrupt SF 2018 at Moscone Center on September 6, 2018 in San Francisco, California. Steve Jennings | Getty Images Even by Sequoia’s standards, this was a crazy week.  The 48-year-old venture capital firm, long the envy of its Silicon Valley peers […]

Trump says U.S. will manufacture enough coronavirus vaccine doses for every American by April

President Donald Trump said Friday the U.S. will manufacture at least 100 million coronavirus vaccine doses before the end of the year and have enough to inoculate every American by April. “Hundreds of millions of doses will be available every month, and we expect to have enough vaccines for every American by April, and again […]

Dow drops 240 points Friday as stocks fall for a third straight week

Stocks fell on Friday to end a volatile week as investors continued to dump shares of high-flying tech companies.  The Dow Jones Industrial Average slid 244.56 points, or 0.9%, to 27,657.42. The S&P 500 dropped 1.1% to 3,319.47. The Nasdaq Composite also fell 1.1% and closed at 10,793.28. The S&P 500 hit its lowest level of […]

WHO says the coronavirus is killing about 50,000 people a week: ‘That is not where we want to be’

The World Health Organization warned Friday that the coronavirus is “not going away,” noting that it’s still killing about 50,000 people a week.  “That is not where we want to be,” Dr. Mike Ryan, executive director of the WHO’s health emergencies program, said of Covid-19 deaths during a news conference at the agency’s Geneva headquarters. […]

TikTok deal still has a chance but WeChat ‘dead’ in the U.S., says senior administration official

Despite a Commerce Department announcement of a ban on transactions, a deal that would allow TikTok to remain operating in the U.S. could still happen, a senior Trump administration official told CNBC on Friday. However, the official said WeChat, the social messaging app owned by Chinese tech giant Tencent, is “dead in the United States.” Earlier […]

‘Pandemic fatigue’ leads to resurgence of coronavirus in Europe where cases hit fresh records in France and Spain

Health workers push a stretcher with a patient in the emergency unit at 12 de Octubre hospital amid the coronavirus disease (COVID-19) pandemic, in Madrid, Spain, September 2, 2020. Juan Medina | Reuters “Pandemic fatigue” has set in across parts of Europe where the outbreak is on the rise again in some countries that were hailed […]

Bill Gates on the difference between Elon Musk and Steve Jobs

Microsoft co-founder Bill Gates has had the opportunity to meet and work alongside major tech giants, including late Apple co-founder, Steve Jobs. In an interview with Bloomberg, Gates was asked whether his contemporary Elon Musk could be considered the “next Steve Jobs,” due to the advancements his companies Tesla and SpaceX have made in electric […]

Netflix documentary ‘The Social Dilemma’ prompts social media users to rethink Facebook, Instagram and others

LONDON — Social media users are re-evaluating whether they should have accounts on platforms like Facebook and Instagram after a new documentary-drama called “The Social Dilemma” dropped on Netflix. The 90-minute show, which focuses on the downsides of the major tech platforms, features interviews with Silicon Valley whistleblowers who used to work at the likes […]

The next wave of the global recovery could send commodity prices soaring

A freight train carrying iron ore travels along a rail track towards Port Hedland, Australia, on Monday, March 18, 2019. Ian Waldie | Bloomberg via Getty Images The next phase of the economic recovery is likely to be driven by commodity-intensive infrastructure investment, analysts have told CNBC, potentially setting the stage for further gains across […]

Italians head to the polls in crucial test for the coalition government following the pandemic

Supporters of the Lega party with placards reading “Try me too” in solidarity with Matteo Salvini for the Open Arms trial, during an election rally in support of Stefano Caldoro, candidate for governor of the Campania Region on September 11, 2020 in Naples, Italy. Ivan Romano | Getty Images News | Getty Images Italians are […]