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
President Donald Trump's public criticism of European allies may put the nation at risk, former Defense Secretary William Cohen told CNBC on Wednesday.
"Frankly, we can not defend the United States without allies," said Cohen, who ran the Defense Department under former President Bill Clinton. "We need friendships in a world of great danger."
Trump, speaking in Brussels on the first leg of his European trip, Wednesday on German support for one of Europe's most contentious energy developments, the Nord Stream 2 natural gas pipeline that would run directly from Russia to Germany under the Baltic Sea. Trump said Germany is “totally controlled” by Russia, claiming it would be too reliant on Russia for energy.
The president has also frequently lamented Germany’s trade surplus with the U.S., and has threatened to slap tariffs on German cars, which would strike at the heart of the country’s export-led economy.
Cohen, now chairman and CEO geopolitical consultancy The Cohen Group, said Trump "insulting and humiliating leaders of other countries" undermines long-standing U.S. relationships.
"We've had the most successful military alliance in the history of this world," said Cohen, a former Republican U.S. senator and congressman from Maine. "It seems to be the president is going out of his way to publicly undermine that."
"Don't treat your allies worse than your enemies," he added. "You're treating your enemies better than your allies."
In response to the berating from Trump, however, Germany's Defense minister said, “I think we can cope with it. "
The White House did not respond to a request for comment.
— CNBC's Sam Meredith and Natasha Turak contributed to this report.