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
The Treasury Department on Thursday released the withholding tables for the new tax law.
The tables lay out how much tax to withhold or not withhold from paychecks. With these new guidelines, companies can start adjusting employee paychecks.
While employers can begin doing this voluntarily, they will have to comply with the new guidance by Feb. 15.
Treasury Secretary Steven Mnuchin said the government expects about 90 percent of workers to see an increase in their take-home pay.
Later Thursday, Mnuchin said that the guidance is not an attempt by the administration to boost paychecks before the midterm elections in the fall. He said the IRS issues tables every January.
"Any claims that we're doing this for political issues are ridiculous," he told reporters at the White House's daily press briefing.
The Treasury also said that employers should withhold 22 percent for taxes on bonuses — lower than the current rate of 25 percent. This rate would apply to the special bonuses distributed following the passage of the tax overhaul.
The government said that workers will not have to fill out new W-4 forms to take advantage of the changes this year.
But the Internal Revenue Service said it is working on a new W-4 form, which a significant number of workers will have to fill out in order to benefit from the changes in 2019.