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
The Iranian Intelligence Ministry held a briefing on Monday where they announced the alleged spies were Iranian citizens but trained by the CIA.World Newsread 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
Facebook, Amazon and Alphabet, a collective $2.3 trillion in market cap, are reporting in the coming week. Here's what to watch.Trading Nationread more
The U.K. will find out who its next prime minister will be this week as voting within the U.K.'s ruling Conservative Party comes to a close.Europe Politicsread more
A settlement could reportedly come as soon as Monday.Technologyread 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
Here's a roundup of the most important deals in venture capital in the last week.
Zoox recently raised $500 million from investors to fulfill its ambitious vision of building an electric self-driving car from the ground-up, Bloomberg reports. The start-up is taking on giants from the technology and automotive worlds, like Alphabet, GM and Tesla, and hopes to launch its cars and a ride-hailing service in 2020. The round was led by Atlassian co-founder and CEO Mike Cannon-Brookes.
Agriculture-tech company Indigo Agriculture, a 2018 CNBC Disruptor 50 company, is aiming to raise $300 million in a new round, seven months after raising $203 million, according to Pitchbook. The company aims to use naturally occurring microbes to control plant pests, replacing pesticides and weed killers.
Self-driving truck start-up Embark raised a $30 million series B round led by Sequoia. The company does not aim to replace truck drivers completely, but only for the long interstate portions of the trip, according to TechCrunch.
Content delivery network Fastly has raised a $40 million series F round led by Deutsche Telekom. The company enables websites to store content on servers that are physically closer to the person requesting the content, which makes pages load faster. It claims to be on pace to book $100 million in annual revenue, and is used by high-traffic sites like Reddit, Pinterest and Ticketmaster.
Alphabet venture arm GV (formerly Google Ventures) has led a $6.5 million investment into Blavity, a set of media properties and products for black millennials, TechCrunch reports. The investment will go mainly toward technology, including a new engineering center. (Comcast Ventures, which is owned by CNBC parent company Comcast, was also involved in the round.)
Insight Venture Partners announced it had closed a $6.3 billion fund to invest in growth-stage companies in the technology sector. The firm's partners were, collectively, the largest class of investors in the fund, a first for the firm. Insight has invested in tech companies like Twitter, New Relic, and DocuSign.
Actor Will Smith has teamed up with Japanese soccer star Keisuke Honda to plan a $100 million venture fund called the Dreamers Fund. The fund, based in Los Angeles, will invest in start-ups trying to solve social problems. Japanese brokerage Nomura will be the "anchor investor", according to AFP.
Andreessen Horowitz promoted Connie Chan, an analyst with the firm, to the role of general partner. The move is a shift from the firm's historic rule of only hiring former CEOs to be general partners. Chan is the firm's second female GP.