DoorDash, the food delivery start-up backed by SoftBank, is raising a new round of funding that values the company at close to $13 billion, according to a Bloomberg report. The financing, pegged at $100 million, includes investments from T. Rowe Price, and is said to be an extension of DoorDash’s most recent $600 million funding round, which was announced in May and valued the company at $12.6 billion. SoftBank led a $535 million investment in DoorDash in early 2018, lifting the company’s valuat

Sundar Pichai, chief executive officer at Google LLC, speaks during the Google Cloud Next ’19 event in San Francisco, California, U.S., on Tuesday, April 9, 2019. Google is getting into banking — but not with the same motivations as Wall Street. Amazon has 54% of U.S. product searches online, compared to Google’s 46% market share, according to recent research from Jumpshot. CB Insights senior intelligence analyst Arieh Levi pointed to Google’s plan plan to brand the checking accounts under the n

GitHub, the code collaboration company that Microsoft purchased last year for $7.5 billion, has operated for 11 years without an iPhone app, preferring to keep its service in the browser. On Tuesday, GitHub said it’s rolling out a beta iOS app, giving iPhone and iPad users another way to share code, just as parent company Microsoft is cozying up to Apple and other longtime rivals. Earlier this year, Microsoft said that anyone using its Windows 10 mobile platform should switch to an iPhone or And

Harry Shum, executive vice president of artificial intelligence and research at Microsoft Corp., speaks during the Microsoft Developers Build Conference in Seattle, Washington, U.S., on Wednesday, May 10, 2017. Microsoft said on Wednesday that Harry Shum, the executive vice president in charge of its artificial intelligence and research group, is leaving the company in early 2020. I want to thank him for his leadership and partnership, and for all he has done for Microsoft,” Nadella said in a st

Thomas Kurian, CEO of Google Cloud and formerly president of product development at Oracle, speaks at the Oracle OpenWorld conference in San Francisco on Oct. 3, 2017. Google Cloud, which aims to compete with Amazon and Microsoft, has the potential to pick up some of the slack despite trailing well behind the two industry leaders. Health care is a particularly attractive sector, as there are still large accounts to be won. But being unable to address privacy concerns could sink these ambitions,

Here’s the impact Hong Kong protests are having on businessShibani Mahtani, Washington Post Hong Kong correspondent, joins ‘The Exchange’ to discuss the impact businesses are seeing from the Hong Kong protests.

Hong Kong clashes intensify as riot police arrest more and more protesters3 Hours AgoHong Kong police are arresting more protesters as the city braces for more violence. Protesters set up in the shopping district for a third straight day after police fired tear gas on two university campuses just hours earlier. It was some of the worst violence to rock Hong Kong in recent months. Police have arrested more than 3,500 people since the movement began in June 2019.

Canada Goose — Shares of Canada Goose plummeted more than 10% after the outerwear maker issued warnings about its lower wholesale revenue. The company said revenue from its wholesale business in the third quarter will take a hit due to early shipments to department stores. Energizer reported earnings of 93 cents per share on revenue of $719 million. Wall Street analysts were expecting earnings of 81 cents per share on revenue of $712.8 million, according to Refinitiv. Luckin Coffee — Shares of L

A quick reversal in the bond market shows how easily investors can be spooked by doubts about a trade deal, and what it might mean if one does not materialize. By Wednesday morning, the 10-year yield had fallen to 1.86%, six basis points lower than Tuesday’s close of 1.92%. Goldman Sachs strategists see scope for a higher 10-year yield but how high depends on the type of trade deal. There supposedly is a phase on trade deal coming. It does run the risk of a boy who cried wolf dynamic, if you con

Lost in the news that Google will offer a checking account next year is the implication it has for one of the fiercest rivalries in the tech world. Google signed a deal last month with Citigroup to develop a checking account that will be linked to Google Pay as early as next year, according to a source with knowledge of the discussions. While the starting points are different, both are new consumer finance products linked to digital wallets embedded in respective Apple or Android phones. Whether

Mario Tama | Getty ImagesPresident Trump announced a month ago that his administration had clinched a trade deal with China. The only way to shovel away the pile of broken promises and contradictory comments is to analyze the flow of maritime trade. ​The impact of this trade war and the opportunities lost by American businesses both large and small can not only be tracked by the public earnings reports, but through American exports. Dropping export volumeFor a perspective on the losses, look no

The company said it removed more than 3.2 billion fake accounts between April and September, compared to more than 1.5 billion during the same period last year. The company also said it removed 11.4 million pieces of hate speech, compared to 5.4 million in the same six-month period in 2018. Between April and September, Facebook said it removed more than 1.6 million pieces of suicide and self-injury content on Instagram. On the core Facebook app, the company removed more than 4.5 million pieces o

Senator Kamala Harris, a Democrat from California and 2020 presidential candidate, speaks during an event on the sidelines of the Iowa Democratic Party Liberty & Justice Dinner in Des Moines, Iowa, U.S., on Friday, Nov. 1, 2019. Sen. Kamala Harris has told supporters that her campaign plans a spending blitz on a digital outreach effort as she puts most of her resources into Iowa, home of the first nominating contest of the 2020 Democratic presidential primary. The new strategy comes after Harris

The high-stakes trade negotiations between the U.S. and China hit a snag over Chinese purchases of American agriculture products and other core issues, according to the Wall Street Journal. China has agreed to buy up to $50 billion in U.S. farm goods as part of the so-called phase one trade deal, President Donald Trump claimed last month. But the WSJ reported China is hesitant to commit to a specific amount of agricultural products in the text of a potential deal. White House economic adviser La

The new Battlegrounds mode in Hearthstone is now available for everyone. The open beta starts this week, as promised. Announced at this year’s BlizzCon, the Battlegrounds mode pits eight players against one another. Hearthstone itself began with a closed beta in 2013, before launching into an open beta the following year. Unlike that phase of the game, however, the beta for Battlegrounds is available on iOS and Android devices.

Netlix has already ordered a second season of The Witcher. The first season of the show, starring Henvil Cavill as Geralt of Rivia, hasn’t even aired yet. Announced in 2017, The Witcher is based on the original novels by Andrzej Sapkowski and will include nods to the critically-acclaimed role-playing games by CD Projekt Red. The Witcher has been renewed for Season 2! pic.twitter.com/6iPrUFeujI — Netflix US (@netflix) November 13, 2019Promotion of the show has not been without its controversies.

But disgust tied to fruitcake in The Sims 4 went behind one mere unpleasant experience; Sims that hated fruitcake had their tastebuds altered permanently, thanks to a bug that caused food reactions to get “stuck” after eating the dessert. If they liked fruitcake, they’d be stuck in “permanent delight.” Thankfully, a new update to The Sims 4 has fixed this bug, just in time for fruitcake season. “Sims that dislike Fruitcake no longer react negatively to all other food,” The Sims 4 developer Maxis

Sure, eventually they made it to Pochinki like everybody else, they just took the longest way possible to get there. Thankfully, in an upcoming patch, PUBG Corp. will add a new waypoint system to the game that even that friend can understand. As part of the same patch that’s adding waypoints to the game, PUBG Corp. is also bringing update to Vikendi, PUBG’s snow map. This is a new kind of lobby where PUBG Corp. will experiment with different rules and gameplay settings. This new patch, called Up

Impeachment is not relevant to the markets, says Invesco’s MemaniKrishna Memani, vice chairman of investments at Invesco, and Erik Knutzen, multi-asset chief investment officer at Neuberger Berman, join “Squawk Box” to discuss how the markets are handling the news out of Washington and what they expect to hear from Fed Chairman Jerome Powell when he testifies on Capitol Hill.

The black market is an issue for the vaping industry: Casa Verde’s Karan WadheraKaran Wadhera, Casa Verde Capital managing director, discusses the backlash to vaping products after a string of illnesses and deaths, as a hearing on vaping begins on Capitol Hill.