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
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
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
A fundraiser to build a wall along the U.S.-Mexico border has raised nearly $5 million in three days on the online platform GoFundMe.
"It's time we uphold our laws, and get this wall BUILT!," Kolfage wrote on the fundraiser page. "It's up to Americans to help out and pitch in to get this project rolling."
The fundraiser comes as the White House and Capitol Hill remain deadlocked over President Donald Trump's threat to shut down the government if Congress does not approve $5 billion in funding for a border wall.
As of Thursday afternoon, more than 78,000 people had donated roughly $4.8 million to the GoFundMe campaign, which is still far shy of the $25 billion Trump himself has said is needed for the border wall. "If we can fund a large portion of this wall, it will jumpstart things and will be less money Trump has to secure from our politicians," Kolfage wrote.
While building a wall along the southern border was one of the president's main campaign promises, his attempts to secure funding have so far been unsuccessful. Trump assured voters on the campaign trail that Mexico would pay for the wall, but he has since walked backed that assertion and looked toward Congress for funding.
Most recently, the president has threatened to shut down the government unless Congress approves $5 billion for a border wall. Congress, on the other hand, is set to pass a short-term bill to fund the government through Feb. 8 that does not include any money for the wall. Trump has not said whether or not he will sign the bill, but he has recently taken a more restrained approach to his demands. "With so much talk about the Wall, people are losing sight of the great job being done on our Southern Border by Border Patrol, ICE and our great Military," he tweeted Thursday.
The GoFundMe page gives no clear indication of how exactly the donations will be used. "We have contacted the Trump Administration to secure a point of contact where all funds will go upon completion," Kolfage wrote. "When we get this information secured we will update."
Kolfage assured supporters that the fundraiser "is not a scam" because he is providing his real name and social media profiles. Last month, a New Jersey couple and homeless man were arrested for allegedly using a fake story to raise more than $400,000 on GoFundMe. The company's policy states that it will refund donors up to $1,000 each if "the campaign organizer doesn't deliver funds to the intended beneficiary."