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
U.S. stock index futures indicated a higher open Monday as investors reacted to fresh data from China and volatile banking stocks over in Europe.
In Europe, traders were digesting the results of the European Banking Authority's latest stress tests. Banking shares were higher in early trade but quickly reversed gains, although a handful of Italian lenders were in positive territory.
Meanwhile in Asia, new data showed a slowdown in manufacturing activity in China where the official manufacturing purchasing managers' index (PMI), which tracks the health of large and state-owned enterprises, came in at 49.9 in July versus a Reuters poll that predicted a 50.0 reading. The 50-point mark separates expansion from contraction.
A private survey of small and medium-sized companies, released after the official PMI numbers, showed an expansion in activity, however. Nonetheless, Chinese mainland shares sold off following the data and the rest of Asia's markets traded mixed on Monday.
In corporate news, there was confirmation that Uber is to merge its China unit with rival Chinese ride-hailing service Didi Chuxing, in a deal that would value the combined company at $35 billion.
Back in the U.S., manufacturing PMIs are due at at 9:45 a.m. ET and ISM manufacturing and construction spending figures at 10 a.m. ET.