Vericool, a Livermore, Calif.-based startup that’s replacing plastic coolers and packaging with plant-based products, has raised $19.1 million in a new round of financing. The company’s stated goal is to replace traditional packaging materials like polystyrene with plant-based insulating packaging materials. Its technology uses 100% recycled paper fibers and other plant-based materials, according to the
Month: March 2020
This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. All times below are in Eastern time. This blog will be updated throughout the day as the news breaks. Global cases: More than 800,000 Global deaths: At least 38,714 US cases: At least 164,610 US deaths: At least 3,170 The data above was compiled by
View of New York Stock Exchange, Wall Street on March 23, 2020 in New York City. Angela Weiss | AFP | Getty Images This is a live blog. Check back for updates. 8:21 am: Payment volume falls in March for U.S. and cross-border, Visa says Shares of Visa moved slightly lower on Tuesday morning after
Investors grew increasingly concerned about the U.S. economy and the stock market as March wore on, but they also said they aren’t ready to abandon their stocks, according to several surveys. The vast majority of the institutional clients surveyed by Citi expect an economic downturn and earnings estimates to be cut further in 2020, but they
President Donald Trump meets with supply chain distributors in reference to the COVID-19 coronavirus pandemic, in the Cabinet Room in the West Wing at the White House on Sunday, March 29, 2020. Pete Marovich | Getty Images The ink is barely dry on the new coronavirus relief bill, yet tax mavericks are hatching strategies around
A tattoo parlor is temporarily closed in the Brooklyn Borough of New York, U.S., on Friday, March 20, 2020. Photographer: Gabby Jones/Bloomberg via Getty Images Bloomberg The $2 trillion coronavirus relief law signed by President Trump last week has several incentives for struggling businesses to retain their employees instead of laying them off. The financial
Update: Unfortunately, we’re going to have to postpone this call. We’ll be in touch soon with the new dates. In the meantime, we have plenty of exciting calls slated and can’t wait to share them with you. Stay tuned! Stuck at home? JK! I know you are! You’re not alone. FirstMark Capital partners Rick Heitzmann,
The value of technology companies has fallen as the broader public markets have repriced themselves in light of COVID-19-related market and economic disruptions. And as the public markets sort out the new value of a huge piece of global business, private companies are being shaken as well. What happens in the public markets trickles into
Football highlights are set to return to BBC One on Saturday nights with Match of the Day showing highlights of classic Premier League games. Matches will be chosen by pundits as the show adopts the new name of ‘Match of Their Day’. First up is Alan Shearer, who will pick his favourite three matches in
Palo Alto Networks announced today that it has an agreement in place to acquire CloudGenix for $420 million. CloudGenix delivers a software-defined wide area network (SD-WAN) that helps customers stay secure by setting policies to enforce compliance with company security protocols across distributed locations. This is especially useful for companies with a lot of branch
Scientists have been amazed at the public’s response to help digitise the UK’s old rainfall records. Handwritten numbers on documents dating back 200 years are being transferred to a spreadsheet format so that computers can analyse past weather patterns. The volunteers blitzed their way through rain gauge data from the 1950s, 40s and 30s in
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. This morning we’re looking at what venture capitalists got up to in the first quarter of the year and how they are really responding to the current global crisis. It’s easy to find mixed signals
Countries under lockdown should do what Singapore has done to blunt the spread of the coronavirus, according to an infectious disease expert working with the World Health Organization. While the Southeast Asian nation continues to report new cases of infections daily and has seen recent spikes, it has managed to steer clear of the kind of catastrophic outbreaks
A near-empty Piccadilly Circus is seen pictured at night on March 28, 2020 in London, England. Ollie Millington | Getty Images British tech start-ups are lobbying the government for an emergency support package to help them weather the storm of the coronavirus pandemic. The U.K., which has been formally on lockdown since March 23, introduced
Jim Cramer Scott Mlyn | CNBC CNBC’s Jim Cramer argued Monday that stock market short-sellers are unwisely doubting the ability of scientists to slow the spread of the new coronavirus. “This is a day where you say, if I’m short I’m betting against science, not betting against the lackadaisical attitude of many people in the country, ”
Monzo, the U.K. challenger bank with over 4 million account holders, is taking a number of precautionary steps to help see it through the current coronavirus downturn, including voluntary furloughs and its CEO forgoing a salary, TechCrunch understands. In an internal company-wide memo issued by co-founder and CEO Tom Blomfield, he tells the bank’s over
The $2 trillion coronavirus relief package President Trump signed into law Friday significantly expands unemployment benefits for out-of-work Americans. The law pays laid-off and furloughed workers an extra $600 a week, for up to four months, and extends existing state benefits by 13 weeks. It also offers jobless benefits to previously ineligible groups, such as
Looking for a way to ‘virtually’ escape isolation? Audi is offering its enthusiasts a guided tour of its production plant at Ingolstadt, Germany, all from the safety of home. The ground-breaking online interactive tour will take you behind the scenes of the worlds largest Audi factory to a space equivalent in size to the whole
NEW DELHI (Reuters) – Shortages of protective health gear in India are forcing some doctors to use raincoats and motorbike helmets while fighting the coronavirus, exposing the weak state of the public health system ahead of an anticipated surge in COVID-19 cases. A doctor wearing a torn raincoat stands at the major coronavirus disease (COVID-19)
China on Tuesday said the official Purchasing Manager’s Index for March was 52.0, beating expectations for an economy hit by the coronavirus outbreak. Analysts polled by Reuters had expected the official PMI to come in at 45 for the month of March. In February, the official PMI hit a record low of 35.7. PMI readings above 50 indicate
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