China's Uber Rival Catches Up, and Pinterest Will Delay its IPO
Cheddar's up early to celebrate the Winter Solstice and to get you the morning's latest stories.
Didi Chuxing raised a new $4 billion in funding, bringing the ride-hailing company's valuation to $56 billion. Investors include Abu Dhabi's Mubadala and Japan's SoftBank.
And Pinterest is reportedly going to delay its IPO until at least 2019, as the photo-sharing app is expected to miss revenue forecasts for the year. The Information reports the company will bring in about $490 million this year, compared to early estimates of $500 million.
Plus Facebook under fire for how companies are using the companies filters to find potential employees in specific age groups. Companies like Verizon, Amazon, and Target reportedly all using the tool.
A group of Democratic Texas lawmakers is asking Elon Musk to delay his rollout of driverless ‘robotaxis’ in the state this weekend to assure the vehicles are safe enough.
The billionaire slated to takeover the controlling interest in the Los Angeles Lakers has built a career leading businesses investing in everything from sports franchises to artificial intelligence.
IBM Fellow Jerry Chow talks IBM’s expansion of the Quantum Data Center in Poughkeepsie, installing Heron processors that deliver utility‑scale performance.
Ken Shepard, Head of Specialty Asset Management at Bank of America, discusses the importance of real assets and unpacks the bank's specialty asset outlook.
Cardinal Health's Debbie Weitzman explains how the company's Advanced Therapy Solutions Innovation Center aims to improve access to specialty medicines. Watch!
