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
Huawei Technologies will immediately lose access to updates to the Android operating system, a source close the matter told Reuters.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
The 2019 PGA Championship wraps up on Sunday, May 19. Here's how much money the champion will earn.Earnread 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 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
The European Union is "very likely" to reject Italy's controversial new budget proposals, according to the EU's budget commissioner.
A publication in German media outlet Der Spiegel had earlier reported that the EU had already rejected its draft spending plan and a letter to that effect was already on its way to Rome.
In a tweet following the report, the EU Budget Commissioner Gunther Oettinger said the media report was factually incorrect. However, Oettinger did concede that in his opinion it is "very likely that we have to ask Italy to correct the draft budget."
Italy's government submitted the draft budget just before the deadline late on Monday night. The country's populist and partly right-wing coalition wants to increase the country's deficit to 2.4 percent of annual economic output in 2019, as it looks to make good on pre-election spending pledges.
In reaction to both the Der Spiegel report and subsequent denial, Italian government bond yields rose to reach session highs. That represented selling of Italian debt as yields move inversely to prices, meaning investors are growing more cautious on lending money to the Italian government.
Within Europe, countries are expected to not run an annual deficit greater than 3 percent of gross domestic product (GDP). However, In Italy's case its huge debt pile has led to Brussels requesting that Rome work toward balancing its books.
Lawmakers in Italy had already upset Brussels when they performed an about turn on a previous agreement to submit a 2019 budget which would have recorded a deficit of 0.8 percent.