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
The U.S. stock market's open on Tuesday was rather smooth after a volatile two days, New York Stock Exchange President Tom Farley told CNBC.
Stocks erased earlier losses Tuesday as the indexes tried to recover from Monday's 1,175-point sell-off. The Dow Jones industrial average turned negative again after rising more than 350 points Tuesday morning.
Even after Monday's plunge, Farley said, it's worth mentioning the stock market's gains since the 2016 presidential election and the improving economy.
"I think it's worth taking a step back, taking a deep breath and acknowledging the Dow is up" since the election, Farley said on "Squawk on the Street " shortly after the open. "Unemployment is down. ... GDP is up."
Since the election, the Dow is up more than 32 percent as of Monday's close; the S&P 500 is 23 percent higher; the Nasdaq is up more than 34 percent.
The unemployment rate was 4.1 percent in January, while GDP increased at an annual rate of 2.6 percent in the fourth quarter of 2017, according to the Commerce Department.
At this point, a movement in volatility and a pullback in price is to be expected, Farley said.
"As a group, we need to take a step back and say, 'We're going to be OK,'" he added.