SoftBank founder Masayoshi Son speaks in futuristic terms about his company, but the success of his late-stage VC fund is still unknown.Technologyread more
Trump's threat, posted on Twitter, comes amid rising international tensions in the Middle East as the U.S. has dispatched a carrier strike group and bomber task force to the...Politicsread more
Reports of Tesla vehicles spontaneously catching fire could make customers wary of EVs just as the industry ramps up production plans.Autosread more
Amazon's large and flashy investments stand out from those of its tech peers over the past year.Technologyread more
Huawei Technologies will immediately lose access to updates to the Android operating system, a source close the matter told Reuters.Technologyread more
Robert Smith announced that he and his family would set up a grant to pay off the nearly 400 graduating seniors' student loans. The total gift is estimated at $40 million.Educationread more
Trump's relationships with Deutsche Bank have drawn scrutiny in Congress and elsewhere. Trump sued the bank last month to prevent it from complying with Congressional...Financeread more
Consumer IPOs from Snap to Uber have been disappointing and serve as a reminder that private investors are making all the money.Technologyread more
China's currency has been an important barometer for progress in U.S.-Chinese trade talks, and right now it's signaling things aren't going well.Market Insiderread more
The outrage has even inspired a Change.org petition called "Remake Game of Thrones Season 8 with competent writers," with over half-a-million signatories and climbing.Entertainmentread more
The move comes after star runner Alysia Montaño's May 12 op-ed in the New York Times in which she detailed her experiences with Nike.Retailread more
Check out which companies are making headlines before the bell:
H&R Block — The tax preparation firm lost 62 cents per share for its latest quarter. That matched forecasts, with revenue above consensus. H&R Block typically reports losses in quarters outside of its seasonal tax business.
Bank of America – The bank now has Berkshire Hathaway as its biggest shareholder, after Berkshire exercised warrants to buy 700 million shares. The warrants — part of a 2011 investment deal with the bank allowed Berkshire to buy the stock for $7.14 per share, compared to the Tuesday close of $23.46.
AutoNation – AutoNation announced the addition of $250 million to the auto retailer's share buyback program.
Toyota – The automaker's investment arm, known as Toyota Tsusho, invested an undisclosed sum in ride-hailing service Grab as part of that company's $2.5 billion financing round. Japan's SoftBank and China ride-hailing company Did Chuxing also invested in Grab.
Alphabet – Alphabet's Google unit is unveiling new augmented reality app tools today for mobile devices that use its Android operating system.
Amazon — Whole Foods still has relatively high prices despite selective price cuts following Amazon's takeover, according to an analysis published by Gordon Haskett Research Advisors analyst Charles Grom. Separately, Amazon and Microsoft announced a collaboration which will allow their digital assistants — Alexa and Cortana — to communicate with each other.
Goldman Sachs – Goldman plans to detail a turnaround strategy for its bond-trading unit next month, according to a Reuters report.
Target – Target is planning to scale back its use of Amazon Web Services as it tries to cut back on spending at its chief retail rival, according to sources. Microsoft is among those competing to provide web services to Target, sources say.
Apple – Apple CEO Tim Cook collected $89.6 million in incentives this week, according to a Securities and Exchange Commission filing, part of the 10-year deal he signed when he took over as CEO from the late Steve Jobs in 2011.
Ollie's Bargain Outlet – The discount retailer beat estimates on the top and bottom lines and saw same-store sales rise by 4.5 percent during the second quarter. The company also raised its comparable sales and earnings estimates for the full year.
Western Digital – Japan's Sankei newspaper reports that Western Digital and its partners will finalize their deal to buy Toshiba's chip unit Thursday. However, Japan's NHK is now reporting that a consortium led by private equity firm Bain has stepped in with a last minute bid for the unit.
Bob Evans Farms – The food distributor matched Street forecasts with adjusted quarterly profit of 37 cents per share, while sales exceeded forecasts on strength in refrigerated side dishes and sausages. Bob Evans also raised its full-year sales forecast.
Chico's FAS – The apparel retailer fell two cents a share short of estimates, with quarterly profit of 18 cents per share. Revenue matched estimates. Comparable sales were down 8.4 percent, more than the consensus estimate of a 7.7 percent drop.