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 dollar edged higher against the Japanese yen on Friday, as fading concerns about a possible Western military intervention in Syria helped boost risk appetite among investors.
The dollar was 0.04percent higher against the yen. During the session it hit a seven-week high. The weakening of the safe-haven yen suggested investors were less worried after a week dominated by U.S.-China trade tensions and the possibility of a U.S.-led missile strike on Syria.
"It had looked to many investors that world was headed for a trade war and an escalating risk of war in Syria," Marc Chandler, global head of currency strategy at Brown Brothers Harriman in New York, said in a note.
"But now it seems less clear," he said.
The prospect of Western military action in Syria hung over the Middle East but there was no clear sign a U.S.-led attack was imminent.
Major stock markets around the world were set to post their biggest weekly gain in over a month.
"We are looking at an overall benign global equity market backdrop," said Eric Viloria, currency strategist at Wells Fargo Securities in New York.
"Those concerns have subsided for now, but they have not completely gone away," he said.
The yen slipped even as S&P Global Ratings revised Japan's outlook to 'positive' from 'stable' on the view that a stronger economy set the stage for fiscal improvement.
The greenback also edged higher against the Swiss franc. The Swiss and Japanese currencies are often sought in times of global tension partly because the countries have big current account surpluses.
The dollar index, which measures the greenback against a basket of six major currencies, was little changed at 89.78.
The Federal Reserve will probably need to raise interest rates at least three more times this year in the face of a robust U.S. economy, even while possible trade disruptions pose risks, Boston Fed President Eric Rosengren said.
The preliminary April reading of consumer sentiment from the University of Michigan fell to a reading of 97.8, down from 101.4 in March. Consensus forecast was for a reading of 100.5.
"Although it fell in April, the University of Michigan consumer confidence index remains at a high level by past standards and suggests that the slowdown in spending growth at the start of this year will prove to be a blip," Andrew Hunter, an economist at Capital Economics, said in a note.
Sterling rose to a 10-week high against the dollar and pulled itself out of a six-month trading range against the euro, prompting investors to unwind long euro positions.
The Canadian dollar edged lower against its U.S. counterpart but was on track to advance more than 1 percent for the week as stocks rose and the United States weighed the prospect of rejoining the Trans Pacific Partnership (TPP) trade pact.