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
BROWNSVILLE, Texas, May 13 (Reuters) - Dallas Federal Reserve Bank President Robert Kaplan on Monday said he is "extremely vigilant" on the escalating trade tensions between the United States and China, though it could take months before there is more clarity on how the talks are shaping up.
"I think well have to be patient in seeing how this is going to unfold over the next number of weeks and months," Kaplan told reporters after a talk at the University of Texas Rio Grande Valley.
"What we dont know right now is how long these issues will persist, how far will they go, will these tariffs, that have just been put on, and counter tariffs, will they be with us for months, weeks, or longer," he said.
"The trade situation creates uncertainty -- creates uncertainty for businesses, it creates uncertainty generally -- and uncertainty by and large, if it goes on for an extended period of time, probably is not helpful if you are a business and trying to manage your business ... it has some chilling effect on business." (Reporting by Ann Saphir; Editing by Meredith Mazzilli)