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
Disney's "Avengers: Endgame" is now the highest-grossing film of all time having earned $2.79 billion at the global box office.Entertainmentread more
Regional stability, oil prices and potential for war will all depend on what Iran does with its nuclear program in the event of the deal's termination.World Politicsread 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
Moving lots of data to a public cloud over the internet can take months or years. CNBC got an inside look at how AWS transfers data to the cloud for its clients.Technologyread more
Amazon's new policy for account suspensions doesn't go far enough to protect sellers from potentially unfair and wrongful suspensions, merchants say.Technologyread more
There is no end in sight to the Boeing 737 Max grounding after two fatal crashes, prompting airlines to rethink their growth plans.Airlinesread more
After a year of flooding, Midwest farmers face a stifling heat wave that's spreading across the U.S.Weather & Natural Disastersread more
On Saturday, Disney's Marvel Studios announced its upcoming slate of superhero films during a panel at San Diego Comic-Con.Entertainmentread more
"It troubles me that the most important political office in the world is becoming the face of racism and exclusion," Kaeser said in a Twitter post.Politicsread more
Major brands dropped Ryan Lochte en masse on Monday, in the wake of an incident at the Rio Olympics where the swimmer misrepresented a claim that he and his teammates were robbed at gunpoint.
In a bizarre twist to a story that broke last week, Lochte admitted that he may have exaggerated his initial account about being held up in Rio de Janeiro. Local police countered his claims, saying that Lochte and his teammates had actually been confronted by private security guards after damaging a gas station bathroom.
In response, a number of high profile endorsers have broken ties with the swimmer. Speedo USA was the first of three sponsors to announce that it is ending its sponsorship of Lochte.
The swimwear subsidiary of PVH said that although it has "enjoyed a winning relationship with Ryan for over a decade and he has been an important member of the Speedo team, we cannot condone behavior that is counter to the values this brand has long stood for."
"We appreciate his many achievements and hope he moves forward and learns from this experience," the company said in a statement.
Speedo said it will also donate $50,000 "of Lochte's fee to Save The Children, a global charity partner of Speedo USA's parent company, for children in Brazil."
Lochte said in a statement to E! News, "I respect Speedo's decision and am grateful for the opportunities that our partnership has afforded me over the years. I am proud of the accomplishments that we have achieved together."
Later on Monday, a spokesman for Ralph Lauren said in a statement that the company will not be renewing its contract with Lochte, which "was specifically in support of the Rio 2016 Olympic Games." The company also said that it "continues to proudly sponsor the U.S. Olympic and Paralympic Team and the values that its athletes embody."
In addition, Reuters reported that Syneron Candela, parent of Gentle Hair Removal, will also be ending its partnership with Lochte. In April, the company had named the Olympic swimmer as the global brand ambassador for its Gentle Laser Hair Removal system.
Mattress producer Airweave also dropped Lochte, saying that its "endorsement agreement with Ryan Lochte was in support of the Rio 2016 Olympic Games."
Sports management experts told CNBC last week that Lochte damaged his reputation and future endorsement earnings by not being "candid" about what actually happened.
Last week, Lochte posted an apology on his Instagram account, saying, "I should have been much more responsible in how I handled myself and for that am sorry to my teammates, my fans, my fellow competitors, mys ponsors, and the hosts of this great event."
In an interview on Brazilian TV, Lochte apologized to the nation. "Brazil doesn't deserve that," he said.
The Olympian insisted that he was a victim of extortion because he was forced by armed guards to hand over money.
"I wasn't lying to a certain extent," he said. "I over-exaggerated what was happening to me."
— NBC News and Reuters contributed to this report.