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
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
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.Retailread 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
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
Missouri Governor Mike Parson told the St. Louis Post-Dispatch that GM, in a closed-door meeting, had outlined a plan to invest in the plant and add jobs.
Parson told the newspaper that GM is seeking a package of state incentives that would need approval from the legislature before committing to the project to expand its Wentzville plant, which builds the midsize Chevrolet Colorado and GMC Canyon pickup trucks, Chevrolet Express Cargo van and GMC Savana full-size van.
State Senator Bob Onder in a Twitter post praised the plan. "I am excited that zGM is considering investing $1 billion dollars in our Wentzville Community! This would extend a decades long relationship between this great company and the great people of St. Charles County," he wrote
GM declined to confirm the investment, but said in a statement it appreciated "the willingness of state officials in Missouri to work with us on potential opportunities within the state."
There has been speculation GM may build a new mid-size body-on-frame SUV based off the Canyon and Colorado chassis. Automotive News reported in 2016 that industry officials believed GM was considering the plan to complete with Fiat Chrysler's Jeep brand.
GM has come under criticism in Washington after it announced in November plans to idle five North American plants and cut up to 15,000 jobs. Since then, GM has announced some new U.S. investments.
GM said in March it planned to invest $1.7 billion in its U.S. plants, adding 700 new jobs, including $300 million at its Orion assembly plant in suburban Detroit. It announced last week that it will add a second shift at its Bowling Green, Kentucky, assembly plant and add 400 jobs where it builds the Chevrolet Corvette.