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 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
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
Check out the companies making headlines before the bell:
CBS – CBS reported adjusted quarterly profit of $1.12 per share, beating consensus estimates by 1 cent a share. Revenue also beat forecasts, with the company on track for record full-year results. CEO Leslie Moonves did not address allegations of sexual misconduct against him during the company's earnings conference call.
Activision Blizzard – Activision beat forecasts by 6 cents a share, with adjusted quarterly profit of 41 cents per share. The videogame publisher's revenue topped estimates by a slight margin. Results were driven by strong sales of Activision's popular "Call of Duty" video game, but the company did forecast current quarter and full-year revenue below consensus.
Take-Two Interactive – Take-Two earned 4 cents per share for its fiscal first quarter, falling 3 cents a share short of estimates. Activision's rival videogame publisher saw quarterly revenue come in above forecasts, getting a big boost from strong sales for the company's NBA and Grand Theft Auto franchises.
Shake Shack – Shake Shack came in 11 cents a share ahead of estimates, with adjusted quarterly profit of 29 cents per share. The restaurant chain's revenue beat forecasts, as well. Same-restaurant sales were up 1.1 percent, but investors were disappointed that Shake Shack merely reaffirmed its full-year forecast rather than raising it.
Symantec – The maker of cybersecurity software reported adjusted quarterly profit of 34 cents per share, 1 cent a share above estimates. Revenue also exceeded Street forecasts, however Symantec gave weaker-than-expected current-quarter guidance and announced an eight percent cut in its global workforce.
Kraft Heinz – The food company earned an adjusted $1.00 per share for its latest quarter, eight cents above estimates, while revenue also topped forecasts. Kraft Heinz said it expected profitability to improve by the end of the year. Separately, the New York Post reports that Kraft has had exploratory talks with Campbell Soup about a possible takeover, although the paper said Kraft has not made an offer and is not likely to pay much of a premium for Campbell.
Dish Network – The satellite TV operator beat estimates on both the top and bottom lines. Dish continue to lose pay-TV subscribers during the quarter, but the pace of those losses slowed.
GoPro – GoPro lost 15 cents per share for its latest quarter, 7 cents a share smaller than Wall Street had anticipated. The high-definition camera maker's revenue beat analyst forecasts. CEO Nicholas Woodman said he believed the company would be profitable during the second half of this year.
AIG – AIG missed consensus estimates by 16 cents a share, with adjusted quarterly profit of $1.05 per share. The insurance company's revenue missed forecasts, as well. AIG's general insurance business has had difficulty improving its results, although the company has been restructuring to improve efficiency.
Toyota Motor – The automaker reported a 19 percent jump in profit for its first quarter, to the best level in 2-1/2 years. Japan's largest automaker earned $6 billion for the April through June quarter, helped by higher sales and lower costs in the Asian market.
General Motors – GM is seeking an exemption to a 25 percent U.S. tariff for its Buick Envision sport utility vehicle. The Envision is made in China and accounts for about 19 percent of Buick brand sales in the U.S.
Boyd Gaming – Boyd Gaming struck a joint venture deal with FanDuel Group to run an online and mobile sports betting operation in the U.S. The casino operator had struck a separate sports betting-related deal with MGM Resorts International earlier this week.
Fiat Chrysler – Fiat Chrysler will stick with plans to spin off its Magneti Marelli unit, according to a Bloomberg report. The automaker is said to have received interest from potential buyers for the unit, but has decided for now to go ahead with the spin-off plan.
AmericsourceBergen – The drug distributor said it received a grand jury subpoena for documents related to its distribution of opioid products. The drug distributor is among several drug-related companies under scrutiny related to opioid use in the U.S.