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 already explosive Hyperloop One lawsuit just got weirder.
According to a countersuit filed on Tuesday, Hyperloop One co-founder Brogan BamBrogan appears to have purchased the domain names hyperlooptoo.com, hyperlooptwo.com and hyperloop2.com in mid-May. The purchases were part of an effort to start a competing venture to Hyperloop One, according to the suit.
While hyperlooptoo.com and hyperloop2.com are inactive, hyperlooptwo.com displays a character in animated GIF form from the Cartoon Network TV show "Adventure Time. " The character is described as a "magical dog" named Jake, and the image shows it drinking a cup of coffee.
Simon & Garfunkel's "The Sound of Silence" is playing in the background.
"It's true that BamBrogan purchased the hyperlooptoo.com domain, but he did this as a joke at the prompting of a coworker and never intended to use it for business," said Justin Berger, BamBrogan's attorney, in an e-mailed statement. "He did not register hyperlooptwo.com and does not know who did."
Hyperloop One, an ultra high-speed transport system, was sued on July 12, by co-founder BamBrogan and three other former employees for misuse of funds and breach of fiduciary duties, among other claims.
Hyperloop One filed its countersuit on Tuesday in the Superior Court of California, Los Angeles County, suing the plaintiffs for at least $250 million.
In a response to BamBrogan's statement, a Hyperloop spokesperson said BamBrogan was recruiting employees to join a "competing company and promising salaries and investment." Contrary to the view expressed by the plaintiff, "they did not think this was a joke," the statement said.
An earlier version of this story had an incorrect name as the plaintiffs' attorney.
CNBC's contributed to this report.