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 traded lower on Monday afternoon, as a Nasdaq-style technology board on the Shanghai Stock Exchange marked its debut.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
Shares of Seagate Technology swelled almost 22 percent after the company announced a restructuring plan that includes 6,500 job cuts by the end of fiscal year 2017.
The plan will help the data storage company target adjusted product gross margins of 27 percent to 32 percent, the company said. Seagate also announced preliminary fourth-quarter and full-year results.
Seagate expects to report revenue of approximately $2.65 billion, and an adjusted gross margin of 25.8 percent for the fiscal fourth quarter. Analysts had expected revenue of $2.56 billion, according to a Thomson Reuters consensus estimate.
"Seagate will continue to evolve its product offering, technology investment and manufacturing footprint to best serve our customers with the world's most advanced and cost advantaged HDD [hard drive] products," CEO Steve Luczo said in a statement.