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
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
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 2019 PGA Championship wraps up on Sunday, May 19. Here's how much money the champion will earn.Earnread 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.Business Newsread more
While the prolonged fight has been devastating to an already-struggling agriculture industry, there's little indication Trump is paying a political price.Traderead 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 company's comments Friday come after the White House said U.S.Trade Representative Robert Lighthizer will "address the threatened impairment" of national security from...Autosread more
Asia markets were mixed on Thursday as investors reacted to heightened trade tensions in the ongoing spat between the United States and China.
Japan' closed near flat at 23,674.93 while the Topix index added 1.94 points, or 0.11 percent, to 1,787.6.
Hong Kong's gained 0.26 percent to 27,477.67.
Chinese online services company Meituan Dianping made its trading debut in Hong Kong. The stock traded at around 72.85 Hong Kong dollars in late afternoon trade, compared to Meituan's initial public offering price of HK$69 a share, which reports said valued the company at $53 billion.
Down Under, the ASX 200 fell 20.5 points, or 0.33 percent, to 6,169.5, with most sectors declining. The energy subindex fell 0.97 percent and the heavily weighted financial sector was down 0.34 percent.
The session in Asia followed some gains on Wall Street, despite an escalation in trade tensions between the U.S. and China earlier in the week.
Beijing announced tariffs targeting more than 5,000 U.S. products — worth about $60 billion — will go into effect on Sept. 24. That came after the Trump administration said the U.S. will impose 10 percent tariffs on $200 billion worth of Chinese imports, and those duties will rise to 25 percent at the end of the year.
Premier Li Keqiang addressed the World Economic Forum in Tianjin on Wednesday, where he acknowledged that China is being confronted with a host of challenges and is facing "greater difficulties in keeping stable performance of the Chinese economy." But he insisted that China was comfortable with its economic situation, and that Beijing has prepared sufficient policy tools to boost the country's resilience in coping with various difficulties.
Li also said that China will not resort to competitive devaluation of the yuan amid the ongoing trade spat. While he did not directly mention the trade conflict, the prime minister said talk of Beijing deliberately weakening its currency was "groundless."
Analysts said Li's comments fortified investor sentiment.
On the same day, , founder and chairman of Chinese retail behemoth Alibaba, said his company no longer had intentions to bring 1 million jobs to the U.S., given the ongoing trade war between Beijing and Washington.
"The promise was made on the premise of friendly US-China partnership and rational trade relations," Ma said to Chinese news site Xinhua. "That premise no longer exists today, so our promise cannot be fulfilled."
In the currency market, the U.S. dollar index, which tracks the greenback against a basket of currencies, traded at 94.376 at 3:54 p.m. HK/SIN, weakening from earlier high of 94.563.
— CNBC's Evelyn Cheng and Reuters contributed to this report.