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
Stocks in Asia traded lower on Monday morning, as a Nasdaq-style technology board on the Shanghai Stock Exchange marked its debut.Asia Marketsread 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
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
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
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
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
"I apologize to Valerie Jarrett and to all Americans," Barr wrote on Twitter. "I am truly sorry for making a bad joke about her politics and her looks. I should have known better. Forgive me-my joke was in bad taste."
ABC, which broadcasts Barr's sitcom "Roseanne," canceled the show later Tuesday, citing her tweet, calling it "abhorrent, repugnant and inconsistent with our values."
The tweet, which has since been removed from her feed, said: "muslim brotherhood & planet of the apes had a baby=vj," referring to Jarrett.
Here is a screenshot of the tweet taken before it was deleted:
Critics immediately slammed Barr's remark as racist. Likening black people to apes is an attack commonly used by racists. The Muslim Brotherhood, meanwhile, is an Islamist political group.
In an earlier tweet, the actress appeared to defend her statement. "ISLAM is not a RACE, lefties. Islam includes EVERY RACE of people," she wrote.
She also defended her remark about Jarrett as a joke, in a tweet to a CNN reporter.
The actress also said that she would be leaving Twitter. Her account was still active as of publication.
The sitcom "Roseanne" returned to television this year after an initial run in the 1980s and '90s. Its recent premiere shattered ratings records, although it has faced criticism for racially tinged humor. ABC is owned by Disney.
On Tuesday, consulting producer Wanda Sykes, who is black, announced on Twitter that she would not be returning to the show. She did not provide a reason, and could not immediately be reached by CNBC.
Sara Gilbert, who plays the daughter of Barr's character on the show, said she was "disappointed" in the star and called her comments "abhorrent."
Barr often makes politically charged and controversial statements on her Twitter feed. She is a supporter of President Donald Trump, who called her to congratulate her for the sitcom revival's high ratings.
"You can't control Roseanne Barr," Ben Sherwood, president of the Disney-ABC Television Group, told The New York Times in March. "Many who have tried have failed. She's the one and only."
A representative for Jarrett declined to comment.