The Goldman Sachs technology M&A team, led by Sam Britton, has cashed in on its software focus and decades of experience to dominate 2019's biggest deals.Technologyread more
American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.Politicsread more
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
Trump does have some powerful tools that would not require approval from U.S. Congress.Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
As demand for lab monkeys continues to rise, U.S. scientists are reporting delays in research projects because they can't obtain enough animals, according to the National...Politicsread more
The European Union will respond in kind if the U.S. imposes tariffs on France over digital tax plan, EU chief Donald Tusk told G-7.Technologyread more
Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
Shares of Japanese game maker Nintendo slipped about 1.3% on Friday after the company announced its earnings on Thursday.
In Friday's trading session in Tokyo, Nintendo saw its stock decline 1.32%. For its part, competitor Sony — which manufactures the Playstation 4 video game console — fell 0.86%.
"I think that the disappointment stems from, you know, Nintendo's ultra-conservative guidance ... for the current fiscal (year) that we're currently in," Serkan Toto, CEO of Tokyo-based game industry consultancy Kantan Games, told CNBC's "Squawk Box" on Friday.
Nintendo said it would sell 18 million Switch video game console units globally in the financial year through March. The Kyoto-based gaming company said it sold 16.95 million units in the year just ended, just below its forecast of 17 million units. That forecast was revised downward from 20 million units in January.
Nintendo's Switch, marketed as a hybrid console that enables gamers to play on the go and at home when connected to a TV, has been a major contributor to the company's revenues.
Toto said Nintendo's guidance pointed to hardware sales and software sales growing at a "very, very ... low pace."
"I believe that, you know, Nintendo is back at its own game of low-balling hardware ... and software sales ... when they guide for the next fiscal," he said.
The reason for Nintendo's conservative stance on guidance likely stemmed from an "infamous" projection made by its former president, Tatsumi Kimishima, Toto said. Kimishima had said that Nintendo intended to sell 20 million Switch consoles in the fiscal year ending in December 2017, a target that the company was "never able to shake off" in the months after.
Nintendo shares had surged last Friday after the company's China partner, tech behemoth Tencent, won some approval to start selling Switch in Asia's largest economy.
Regulators in the southern Chinese province of Guangdong approved the Nintendo Switch and the game "New Super Mario Bros. U Deluxe" to be released in China. Nintendo shares then responded by hitting their highest level since an intra-day high on Oct. 18, 2018.
On Thursday, Nintendo President Shuntaro Furukawa warned that Switch sales in China would not begin soon, Reuters reported.
Furukawa also dampened expectations of new Switch hardware being launched soon, despite reports suggesting previously at least one new iteration could be in the works. He said at a news conference that the company has "no plans to announce " new hardware at the E3 gaming conference set to happen in June, according to a Bloomberg report.
—CNBC's Arjun Kharpal and Reuters contributed to this report.