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
Citi Research upgraded Wells Fargo shares to a buy rating from neutral on Friday, saying the bank has a "clear path to improving returns" with a reasonable valuation.
"We see them returning to positive revenue growth in mid-2019, which can serve as a catalyst to the stock as can help drive home the story that the issues are moving to rear view mirror," Citi's Keith Horowitz said in a note.
Citi believes this is a good time for investors to buy in to Wells Fargo.
"We think [Wells Fargo] should fare well on the credit side; particularly as the lack of balance sheet growth will be a positive attribute when 'late cycle' concerns weigh on other names," Horowitz said.
Shares of Wells Fargo closed slightly higher at $53.61 a share. Citi has a $60 price target on Wells Fargo stock.