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It was called 鈥淚ndustry 4.0,鈥� or the Industrial IoT 鈥� and it also was pretty much a bust.

But after a pandemic caused massive industrial disruption and business priorities to shift, industrial automation once again has hit that sweet spot with investors. According to 附近上门 numbers, venture capital flowing into the space this year has already topped $1.4 billion in 104 funding deals, setting it up nicely to beat last year鈥檚 $1.7 billion in funding in 191 deals.

So far, 2021 is on track to be the best year for the sector since it saw more than $2 billion in venture investment in 2016.

鈥淭here does seem to be quite a bit of interest. It鈥檚 an exciting time,鈥� said , CEO of New York-based machine-learning manufacturing software developer . The company just completed a $9 million Series A last week.

The space has seen some large rounds this year, including Berlin-based freight-forwarding company raising a $160 million Series D in January, Norway-based industrial IoT data platform closing a $150 million Series B in May, and Wilmington, Massachusetts-based warehouse robotics company announcing a $150 million Series E in February.

Dynamics of a change

Many in the industry say those rounds and the overall increase in funding is due to many of the same factors causing other sectors to go through a digital transformation 鈥� namely a pandemic, labor shortages and a desire to be more sustainable.

鈥淏ecause of COVID, companies want more transparency,鈥� said , managing director at the . 鈥淭hey want to understand what is happening from anywhere they are at.鈥�

Fortino was an investor in the industrial automation space during its previous Industry 4.0 heyday, but sees several differences that makes him believe the time is now.

Along with the great control and transparency companies are seeking after the pandemic shuttered some facilities, Fortino is seeing larger industry players embrace digitization and be more willing to buy new technologies that help analyze their supply chains, improve processes in facilities, and provide great flexibility as market needs change.

鈥淭he difference I see from seven years ago is the buyers 鈥� they are ready to buy,鈥� Fortino said.

Years ago, startups would try to hook large industrial players on new technology through a variety of pilot programs 鈥� all of which they lost money on when those industrial manufacturers declined to buy after the program was over, he said.

鈥淣ow these enterprise deals are there,鈥� he said. 鈥淐ompanies are realizing the value.鈥�

The status of the current workforce also undoubtedly plays a role. Birand said just as workers in other industries have become more remote, so has some of the industrial workforce 鈥� forcing manufacturers to put in the necessary technology upgrades to allow that to happen.

A dearth of tradespeople like technicians and electricians in the workforce are also forcing companies to look at other ways to compensate.

鈥淚ndustrial companies are realizing if we can鈥檛 get those people then we鈥檒l need to be more efficient,鈥� Fortino said.

New tech

Investors in the space see a variety of new innovations and technology that are interesting buyers as all of these changes swirl about the market. Fortino said he continues to see interest around edge automation 鈥� where tech can analyze and even fix machines or equipment in the field.

Fortino himself has placed a bet there, investing in Canada-based oil and gas edge automation company .

Supply chain transparency has also become important as the pandemic highlighted large holes in the way materials and goods flow. Fortino recently invested in Philadelphia-based and expects that area of industrial automation to see growth as large enterprises look to tighten their supply chain and make it less ripe for disruption.

鈥淐ompanies are seeking to be less reliant on unstable supply chains that have been exposed during the pandemic,鈥� he said. 鈥淵ou are just seeing a much heavier focus on sustainability.鈥�

, a partner at and investor in Fero Labs, said what she sees is tech that makes industrial complexes more 鈥渇lexible鈥� will continue to attract investors.

She used the example of how so many facilities during the pandemic needed to shift their production away from business-sized or wholesale goods to more residential, individual-sized products as the lockdowns forced many people to abandon their office and work from home.

鈥淭hat is hard for facilities,鈥� said Smith-Eppsteiner of the change. 鈥淎nything that can layer intelligence into robotics or automation will be in demand.鈥�

What a lot of this comes down to is large industrial manufacturers trying to get the most out of what they have 鈥� especially as much of manufacturing has relatively low margins.

Oakland, California-based e just last week announced it had closed an $8 million Series A led by . The company鈥檚 鈥淔actoryOps鈥� platform helps manufacturers solve production downtime.

鈥淐ompanies just want to get more out of what they have, out of their existing machines,鈥� said CEO .

Birand adds that the simple rules of supply-and-demand likely will drive industrial companies to adopt more automation technology to take advantage of the market.

鈥淲hen demand is high, manufacturers just want to know how they can produce more,鈥� he said.

Methodology

Data for this story encompasses startups tagged as industrial automation, according to 附近上门 data. Funding numbers include pre-seed, seed and all ventures rounds.

Illustration:

Meanwhile, the unemployment rate fell from May鈥檚 level but held at a historically high level, as millions of Americans remained out of work with the pandemic still under way.

Here were the main metrics from the Department of Labor鈥檚 report, compared to consensus estimates compiled by Bloomberg:

• Change in non-farm payrolls: +4.8 million vs. +3.23 million expected
• Unemployment rate: 11.1% vs. 12.5% expected
• Average hourly earnings, month on month: -1.2%vs. -0.8% expected
• Average hourly earnings, year on year: +5.0% vs. +5.3% expected

The June jobs report came following a massive upside surprise in May, during which the economy unexpectedly added payrolls, when a loss of more than 7 million jobs had been expected. May鈥檚 payrolls were upwardly revised by 190,000 to 2.699 million, while April鈥檚 payroll losses were revised down by 100,000 to 20.8 million.

Estimates for the June payrolls gain also spanned a wide range, though none of the more than 70 economists polled by Bloomberg expected to see net job losses for June.

鈥淲e are in a whole new world of trying to model what data is going to be, because there鈥檚 not an economist in the world that鈥檚 ever gone through a forced economic shutdown,鈥� Tom Essaye, Sevens Report Research founder, told Yahoo Finance鈥檚 The First Trade on Tuesday. 鈥淎nd that鈥檚 why a lot of these numbers are completely blowing past what the expectation is.鈥�

Other data had underscored the labor market鈥檚 steady improvement over the past two months. New jobless claims fell in each week since early April, and continuing unemployment claims began trending lower. Employment indices in each of the Institute for Supply Management鈥檚 and improved in the latest reports.

Still, ADP鈥檚 monthly jobs report Wednesday missed estimates, and showed net private payroll gains from May鈥檚 upwardly revised gain of more than 3 million.

The Department of Labor鈥檚 June jobs report was released on a Thursday, or a day earlier than typical, due to the market closures in observance of the Fourth of July holiday on Friday.

This post is breaking. Check back for updates.

鈥�

Emily McCormick is a reporter for Yahoo Finance.聽

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The duo both teamed up to back , a startup that debuted Tuesday on Toronto鈥檚 NEO stock exchange that seeks to use compounds from psychedelics like magic mushrooms or LSD for novel treatments to fix everything from addiction to depression, to ADHD.

For Bruce Linton, the co-founder of the world鈥檚 largest cannabis company Canopy Growth, the idea that a once frowned-upon drug might be regulated to eventually be looked at as a viable medical alternative for good isn鈥檛 so far fetched.

鈥淭hey are called psychedelics or psychoactives because they in fact have a neural effect,鈥� Linton told Yahoo Finance鈥檚 YFi PM. 鈥淲hat they haven鈥檛 been through is a protocol to determine what indications could they most be effective at remedying, and what dosage and what delivery methods.鈥�

Linton joined the company as a director last year after while O鈥橪eary joined on as an investor before Mind Med closed its $24.2 million funding round before going public. The company, which acquired others working on similar efforts to popularize psychedelics for medical purposes, boasts a few clinical trials including a to explore the impact LSD might have on adults suffering from ADHD.

Sill, despite hopes that the company will pioneer psychedelics for medical purposes, Linton caveated that he didn鈥檛 see Mind Med as a traditional biotech company.

鈥淚 would say it鈥檚 a bit disconnected from the traditional biotech because they invent the molecule and wonder if it will work,鈥� he said. 鈥淲e know it works.鈥�

Whether or not regulators agree remains to be seen.

Zack Guzman is the host of聽聽as well as a senior writer and on-air reporter covering entrepreneurship, cannabis, startups, and breaking news at Yahoo Finance. Follow him on Twitter聽.

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The organization has partnered with firms including VMG Partners, L聽Catterton, Swander Pace Capital, Alliance Consumer Growth, TSG Consumer Partners, Encore Consumer Capital and CircleUp.

Cassie Nielsen, vice president of talent at VMG Partners, told Yahoo Finance鈥檚 , 鈥淲hat we’re doing is bringing together a group of investors that are supporting this initiative, and every six months announcing a cohort of 20 companies that have pledged to add a woman to their board.鈥�

The group of investors represents over $20 billion in assets under management, 鈥渁nd we’re largely competitive in some ways. For us to all be collaborating on such an important initiative, that’s why we started with that community, and they’re all completely supportive,鈥� Nielsen said.

Women on Board has also developed a strategic partnership with theBoardlist, an online talent marketplace that connects CEOs who are looking for female board director candidates, which Nielsen said gave them access to a community of 14,000 women.

Nielsen says it 鈥渏ust makes economic sense鈥� for women to have a voice in the room. 鈥淚n the consumer industry … purchasing decisions are 70-80% led by women.鈥�

Nielsen hopes women will continue to fight for board positions, explaining, 鈥淵ou don’t have to have been a previous CEO or a seasoned board member to add incredible value at the board level.鈥�

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A panel of economists now say that a recession is less likely than the same panel forecast last year, adding that the was able to steer clear of a downturn with its three interest rate cuts last year.

The (NABE) reported Monday that only 13% of the business economists surveyed expect a recession this year. The same time last year, 42% of respondents said they expected a recession in 2020.

Instead, about 74% of the respondents said their forecasts had a recession coming in 2021 or later.

The survey collected 210 responses during the last week of January and the first week of February, meaning the survey was conducted when the was only beginning to spread.

The economists appeared to be pleased with the Fed鈥檚 efforts to steer clear of a recession.

Last year, the Federal Open Market Committee cut rates three for a total of 75 basis points. At the time, the Fed cited concerns over trade policies and geopolitical tension, adding that inflation was running below its 2% target.

Almost two-thirds, or 63%, of the surveyed NABE members said the Fed now has monetary policy right for the U.S. economy.

The NABE members said some of Trump鈥檚 economic policies had helped the economy get a boost to GDP. About 44% of the respondents said policies like the 2017 tax cut and deregulation had provided a 鈥渕odest boost鈥� to the economy.

But nearly all of the respondents, around 90%, said the tariffs were a net negative and 鈥渕odest drag鈥� to GDP.

Brian Cheung is a reporter covering the banking industry and the intersection of finance and policy for Yahoo Finance. You can follow him on Twitter聽.

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鈥楾he opportunity is in everyday grocery aisles鈥�

Johnson and Cezar are childhood friends with a self-described 鈥渆ntrepreneurial itch鈥� that was sharpened by their respective careers: Johnson worked in fundraising, higher education, and health care, and Cezar in merchandising and retail.

The pair 鈥撀爓ho grew up on the same block in Gary, Indiana 鈥� quit their jobs a year ago to support BLK & Bold鈥檚 business full-time. It was a risky move because neither Johnson nor Cezar had any experience in the coffee industry, despite being 鈥渙verenthusiastic consumers,鈥� but they saw a need for more African Americans in the industry.

鈥淭hat really was the reason why we decided to embark on this entrepreneurial endeavor,鈥� says Johnson. 鈥淔oremost, really, because we wanted to have representation on the other side of the counter; wanted to make sure that, considering how much we drink coffee as a culture, that there’s again that representation as merchants as well.鈥�

Cezar saw other opportunities 鈥� expanding people鈥檚 knowledge of specialty coffees. 鈥淭he opportunity is in everyday grocery aisles,鈥� he said. 鈥淲hen you look at specialty coffee … there鈥檚 specialty coffee on so many corners, right, across the U.S. But if you’re not going into those coffee shops; you’re not really getting educated about specialty coffee. You’re not getting introduced to that experience of the product. [There鈥檚] still an opportunity for retailers in grocery to expand there.鈥�

Coffee with a cause

BLK & Bold touts what Cezar describes as a 鈥渄omestic social impact model,鈥� which the pair agree is 鈥渢he heartbeat鈥� of their business.

Five-percent of BLK & Bold鈥檚 profits are donated to charitable initiatives, ranging from workforce development to supporting at-risk youth. The mission, Johnson says, appeals especially millennial customers.

鈥淢illennial consumers are looking to invest in companies that resonate with them on a more personal level,鈥� Johnson said. 鈥淲e were very intentional about including that social impact model in what we do. We’ve chosen initiatives and non-profits that range across the spectrum of urban farming, workforce development, or just general at-the-school programming … There is a void of resources for those type of programs, and so having that embedded in what we do was very on purpose.鈥�

Olivia Balsamo is a producer for Yahoo Finance.

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From house flipping television shows to the Zillow app on cellphones, home buying has become a part of our culture, but for many real estate investing is still out of reach.

But since the relaxed regulations on direct-to-consumer security sales, a new trend called micro-investing has added a new wave of investors to the real estate market. Micro-investing allows consumers to buy shares of properties and customize portfolios, for as little as $5.

鈥淭he best portfolios are diversified, and real estate performs very uniquely, in a way that is uncorrelated to the stock market and bonds鈥� We want to offer the same asset class at a lower price point,鈥� said Janine Yorio, founder and chief executive officer of a New York City-based real estate micro-investment app called , which flips properties at a profit for investors.

The model is similar to the traditional real estate investment trust (REIT), but micro-investing companies give investors the ability to become part owners of specific properties 鈥� which creates lower fee structures, favorable tax benefits and assets that are not tied to the stock market.

鈥淩EITs are just like owning stock, subject to stock market volatility and other unrelated factors to the actual performance of a property. So in addition to REITs, savvy individual investors add private real estate to their portfolios for greater diversification and returns,鈥� said Darren Powderly, co-founder of , Inc., a Portland, Ore.-based micro-investing firm that allows investors to buy shares of commercial real estate around the U.S.

Self-directed investments have become increasingly popular since the advent of the internet, paralleling the rise of retirement investments, said Matt Bronfman, chief executive officer of , an Atlanta-based micro-investing firm that allows investors to buy shares of commercial real estate in Atlanta.

鈥淚 think micro-investing and democratization is really interesting and speaks to the future鈥� Democratization of investing coming to real estate is interesting. You can go direct. Traditionally, this is not the way the real estate industry has worked,鈥� said Bronfman.

Providing easy access to 鈥榓 great long-term investment鈥�

For $260, Compound lets people invest in a share of an apartment in the Miami Beach Faena House, a 47-unit ultra-luxury condominium on Miami鈥檚 鈥淏illionaire Bunker鈥� island. The condo neighbors properties owned by Goldman Sachs CEO Lloyd Blankfein, Citadel CEO Ken Griffin, and Apollo Global Management鈥檚 Leon Black.

Compound plans to raise $10 billion a year to buy properties for micro-investments. After three to five years, Compound will sell the properties and distribute the profits among investors. The company has raised $2 million to date, with investors including Glenview Capital President John Rodin, and venture capital funds, including Kairos Ventures, Zing Capital, Blue Ivy Ventures and Republic Labs.

Compound currently offers investment opportunities in and manages four properties in Brooklyn, Austin and Miami. The startup makes money by being the buy-side broker in the initial purchase of each property, charging a brokerage commission to the seller, similar to a typical residential real estate brokerage firm, according to Yorio.

鈥淲e鈥檙e looking to give people access to properties they would want to own for themselves and are proud to say they own a part of 鈥� but that also makes a great long-term investment,鈥� said Yorio, who said that Compound buys properties with potential for price appreciation.

Sarah Paynter is a reporter at Yahoo Finance. Follow her on Twitter

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That day in November 2016 was a tipping point for one of the biggest pivots her then-six-year-old startup, Farmgirl Flowers, had made to date.

鈥淭he day after the vote went through and it was a 鈥榶es鈥� in California, our largest calla lily grower in California took out all of their calla lilies to put in cannabis instead … to get the soil ready for it,鈥� Stembel said

鈥淚t was pretty immediate,鈥� she said. 鈥淎nd we had to change our entire supply chain in four months, otherwise we wouldn鈥檛 have had enough flowers for Valentine鈥檚 Day after the vote.鈥�

Stembel, 42,a San Francisco-based e-commerce flower bouquet delivery company that brought in $30 million in sales last year. Selling an assortment of burlap-wrapped anemones, poppies and calla lilies, Stembel and her team of more than 160 employees have aimed to disrupt a multi-billion floriculture industry rooted in more old-fashioned, cellophane-wrapped arrangements of blood-red roses and baby鈥檚 breath.

But Stembel鈥檚 business itself was disrupted by recreational cannabis legalization in her company鈥檚 home state. After the legalization vote, many of the local suppliers she鈥檇 once leaned on to provide the flowers that made up her bouquets were suddenly turning to a new crop.

鈥淭here鈥檙e only so many farms out there in the United States now,鈥� said Stembel. 鈥淎nd if they can make $2 a square foot or $1.50 a square foot on cannabis, versus $0.05 or $0.10 on snap dragons, it’s a very easy choice for them.鈥�

鈥淚 don’t blame them for that,鈥� she added. 鈥淭hey’re business people as well. But there’s definitely a lot of the flower farmers [that] have switched to growing a lot more cannabis and less flowers for that reason alone.鈥�

鈥榃e just ran out of supply鈥�

The U.S. cannabis industry is poised to become a near $30 billion industry by 2025, according to . That would begin to close in on the U.S. floriculture industry, which saw just under , according to Bureau of Economic Analysis data. And unlike the cannabis industry, which is expected to see sales rise at a compounded annual growth rate of 14% through 2025, floriculture sales have stagnated in the low-$30 million range for years.

Farmgirl Flowers has been far from the only player in the cut flower industry to take a hit from burgeoning legal recreational cannabis market. A of have highlighted former Californian flower growers who switched to cannabis, as rising competition from cheaper flowers coming from Latin America drove down prices they could command from their existing flower crops.

And incidentally, Latin America was ultimately where Stembel turned when her former suppliers in the U.S. had shriveled on the vine. After nearly seven years of sourcing from local farmers, Stembel wrote an explaining her decision, and began buying from farmers in South America. The decision was driven both by the disruption from cannabis legalization, and by a broader inability to find enough U.S.-based farms willing to sell to her start-up to keep pace with customer orders.

鈥淲e just ran out of supply,鈥� Stembel said. 鈥淭here was not a supply for our demand, and so I needed to do something different. Or I needed to either stop doing business or stay a very small business and not scale.鈥�

To date, the shift in sourcing has so far worked for Farmgirl Flowers, with the company consistently delivering between 6,000 and 8,000 bouquets per week across 48 states. For the week of Valentine鈥檚 Day 2019, Stembel anticipates that number will jump more than 50% over last year to 30,000.

Eventually, Stembel said the pendulum may swing back in the other direction and that farmers may begin shifting back to growing flowers, once the cannabis industry matures and the cultivation market becomes saturated.

鈥淚f everybody is growing cannabis, there鈥檚 going to be a point, which we probably have already met, where we just have oversupply,鈥� she said. 鈥淢aybe it鈥檒l shift back a little bit, but in the meantime, we鈥檙e going to have to find other options.鈥�

鈥�

Emily McCormick is a reporter for Yahoo Finance.聽

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鈥淗ealthy consumer fundamentals have been supporting personal spending activity. The improvement in the January ISM non-manufacturing survey likely reflects strong consumer demand to some degree,鈥� according to Nomura. 鈥淚n addition, warmer-than-usual temperatures during January may have supported a pickup in receipts at building-material and home improvement stores. Sales at auto dealerships likely rose decently, which would be consistent with a rebound in WardsAuto鈥檚 light vehicle sales data for January.鈥�

J.P.Morgan economists echoed Nomura鈥檚 prediction. 鈥淭he labor market remained healthy in January and we have seen high levels of consumer sentiment in recent reports, suggesting that there are favorable fundamentals in place for consumer spending.

Economic data releases scheduled for Friday include the following: Import Price Index month-on-month, January (-0.2% expected, 0.3% in December); Retail Sales month-on-month, January (0.3% expected, 0.3% in December); Retail Sales excluding Auto month-on-month, January (0.3% expected, 0.7% in December); Retail Sales excluding Auto & Gas month-on-month, January (0.3% expected, 0.5% in December); Industrial Production month-on-month, January (-0.2% expected, -0.3% in December); Capacity Utilization, January (76.8% expected, 77.0% in December); University of Michigan Sentiment, February preliminary (99.2 expected, 99.8 prior).

鈥�

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U.S. stocks jumped Monday after Commerce Secretary Wilbur Ross stoked hopes that a first phase trade agreement with China would get done. The comments helped investors shrug off some unfavorable news from companies including McDonald鈥檚 and Under Armour.

All three major stock indices sailed to fresh record intraday highs. The Dow hit a fresh intraday high for the first time since July 16, and closed at a record high of 27,462.72.

Here鈥檚 where the markets settled Monday at the end of regular equity trading:

• S&P 500 (): +0.37%, or 11.37 points
• Dow (): +0.42%, or 114.89 points
• Nasdaq (): +0.56%, or 46.8 points
• 10-year Treasury yield (): +4.9 bps to 1.777%
• Gold (): -0.07% to $1,510.40 per ounce

On Sunday,听聽that he was confident the U.S. would reach the first part of a trade agreement with China this month, sticking to the timeline previously touted by the administration. Ross also said U.S. firms would receive licenses 鈥渧ery shortly鈥� to begin selling parts to China鈥檚 Huawei. Shares of U.S.-based semiconductors including Qualcomm () and Intel (), which count Huawei as a customer, outperformed in early trading.

These comments came after the Office of the U.S. Trade Representative said in a statement Friday that Robert Lighthizer and Treasury Secretary Steven Mnuchin had a 鈥渃onstructive call鈥� with China鈥檚 Vice Premier Liu He to discuss the phase one agreement. China鈥檚 Ministry of Commerce corroborated this with a statement of its own saying the sides had reached a 鈥渃onsensus on principles.鈥�

More positive rhetoric emerging out of recent U.S.-China trade talks has also led at least one firm to pare back its expectations for further tariff escalation.聽鈥渢ariffs on imports from China have likely peaked,鈥� and that levies would likely remain at current levels through 2020. Assuming the first-phase trade agreement gets signed, Phillips expects the White House will cancel tariffs set to take effect December 15.

Recent upbeat U.S.-China trade remarks, as well as some聽and a聽, have combined to push risk assets higher, breaking them free of the weight of uncertainty from earlier this year.

鈥淎 confluence of better-than-expected economic data, Q3 earnings results and a third 25-basis point rate cut by the Federal Reserve Board along with some encouraging missives surrounding trade talk progress helped push stocks higher stateside and worldwide last week,鈥� John Stoltzfus, Oppenheimer equity strategist, wrote in a note.

For now, the current economic landscape 鈥減ersists strong enough for positive data points to continue to offset negative data points when they cross the transom and overwhelm bearish projection pointing instead to an underlying resilience of an economy that is predominantly dependent on the consumer rather than on manufacturing in midst of a global trade war,鈥� he added.

STOCKS: McDonald鈥檚 CEO ousted, Under Armour under investigation

McDonald鈥檚 () board of directors voted to oust CEO Steve Easterbrook over 鈥減oor judgment involving a recent consensus relationship with an employee,鈥澛燙hris Kempczinski, previously president of McDonald鈥檚 USA business, was named CEO, effective immediately.

Easterbrook is credited with having spearheaded the fast food company鈥檚 push into digital ordering and delivery, as well as boosting value menu offerings to appeal to customers. The stock has risen 96% since March 2015 when Easterbrook took over as CEO, more than double the return of the S&P 500 during the same period. Shares of McDonald鈥檚, a Dow component, fell 2.5% Monday morning.

Under Armour () shares sank 15% around market open after the workout apparel company聽聽by the U.S. Department of Justice and Securities and Exchange Commission for the past two years.

The announcement outweighed better-than-expected third-quarter results, with earnings of 23 cents per share on revenue of $1.43 billion each topping estimates. However, Under Armour also reduced its full-year sales guidance, and now sees revenue growth of just 2% for the year, down from its previous guidance for between 3-4%.

Saudi Aramco, the world鈥檚 most profitable company, 聽to publicly float shares on the Tadawul stock exchange in Riyadh, at least temporarily putting aside previously reported plans for a foreign listing for the Saudi company. The company, which brought in $111 billion in net income last year, is reportedly being valued north of $1 trillion by banks, even as the Crown Prince Mohammed bin Salman seeks a valuation of around twice that.

After market close Monday, companies including Uber (), Shake Shack () and Marriott International ()听

鈥�

Emily McCormick is a reporter for Yahoo Finance.

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