Databricks, whose software helps companies process large data sets, has grown rapidly while also cutting costs to prepare for an economic downturn. The company made CNBC's 2020 Disruptor 50 list after reaching $200 million in annualized recurring revenue last year, it was announced Tuesday.
TikTok is the most downloaded app of 2020. Quarantines have spurred millions of new users to hop on board and learn about the latest dance trends and memes, but the app also faces a slew of regulatory hurdles, privacy concerns and allegations of censorship tied to its Chinese ownership. Experts say these issues will be the first priority for the company's new CEO, Kevin Mayer.
The effects of the pandemic and a price war between Saudi Arabia and Russia forced oil prices on April 20 to sink into the negative territory for the first time in history. The unprecedented loss put countless investors and the American economy under a great financial risk.
"Even schools are going beyond just thinking about it in a structured way. They're opening their minds of how to bring children back," WeWork CEO Sandeep Mathrani told CNBC on Tuesday.
National Retail Federation CEO Matthew Shay said the rebound is uneven with big-box retailers like Walmart and Home Depot reporting strong sales and small or mid-sized businesses struggling.
Former Securities and Exchange Commission Chairman Harvey Pitt said investment banks could face legal challenges related to Hertz's secondary stock sale while in bankruptcy.
According to new research, 1.7 billion people around the world — or 22% of the global population — are at "increased risk" of developing severe symptoms if infected with Covid-19.
The Impact Shares NAACP Minority Empowerment ETF represents an "evolution" in the civil rights organization's corporate advocacy work and a push for transparency in corporate America, says Marvin Owens, senior director of economic programs at the NAACP.
Beyond Meat and Impossible Foods are two of the most well-known companies disrupting the food ecosystem. Now, the pipeline of alt-food companies includes Biomilq, a North Carolina-based startup that's targeting infant nutrition by attempting to reproduce mother's breastmilk in a lab.
Chili's parent company Brinker International said the chain is outpacing the rest of the casual dining industry and grabbing market share from its rivals.
The European Commission, the executive arm of the EU, said it will assess whether Apple's rules for app developers on the distribution of apps via the App Store breach EU competition rules.
Some influential donors remain too busy with their own businesses in dealing with the coronavirus. Others are not yet sold on Biden's candidacy and are waiting to see whom he picks as his running mate.