The U.S. will likely emerge the winner in a "cold currency war" that is heating up, an expert said.Currenciesread more
These box office numbers do not include the cost of production or marketing costs. They also don't count the billions in merchandising that Disney has made over the last...Entertainmentread more
Tariffs are the only instrument left for addressing China's systematic and excessive surpluses on its U.S. trades, writes Michael Ivanovitch.US Economyread more
In its latest attempt to build market credibility, China on Monday launched the Science and Technology Innovation Board, or "STAR Market," on which 25 companies were listed.China Economyread more
When Cathy Hsu and Tony Hsieh wanted to build an English language app for Chinese children, they decided to follow Facebook and Google's lead.Start-upsread more
Stocks in Asia were lower on Monday, as shares on a new Nasdaq-style technology board on the Shanghai Stock Exchange skyrocketed on their debut day.Asia Marketsread more
Instagram began tests that hide "like" counts on posts. That means influencers who market products on Instagram will have to rely on different metrics to show success.Technologyread more
Peter Neupert worked for Microsoft and Amazon-backed Drugstore.com, where he got to know Jeff Bezos. He now advises start-ups.Technologyread more
The firing of the tear gas was the latest confrontation between police and protesters who have taken to the streets for over a month to fight a proposed extradition bill and...China Politicsread more
Last week shows that oil prices are not the indicator for Middle East tensions they once were, and worries about global demand and growing U.S. production has changed that...Market Insiderread more
Facebook Vice President David Marcus is the face of the company's Libra digital currency, but the original driving force was a 26-year-old female corporate-development...Technologyread more
The Federal Reserve needs to return interest rates to more normal levels and free financial markets from government-sponsored price control, said Jim Grant, founder of Grant's Interest Rate Observer.
The real value of asset prices would come in "clearer focus" if rates were not so artificially low, he said on CNBC's "Squawk Box " Friday, a day after a 334-point drop in the Dow Jones industrial average—the worst day since February and the third straight move in either direction of 200 points or more.
"Interest rates now are not discovered as one discovers prices in a free market. They are administered and imposed," he said.
Since the financial crisis, the central bank's easy money policies have been encouraging a shift into riskier assets, said Grant. "The Fed was wanting us all to get out of savings accounts and into junk bonds and equities. It was very pleasant when the getting in was going on. Now perhaps, it's time for the getting out."
October is traditionally one of the worst months of the year for stocks (though not in the past few years). So far this month, the Dow has fallen 2.25 percent as of Thursday's close. Blue-chips are at risk of wiping out all the gains for the year, as stocks are poised for their biggest weekly losses in more than two months.
In this period of volatility, Grant advises investors to look on a stock-by-stock and market-by-market basis.