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
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
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
Regional stability, oil prices and potential for war will all depend on what Iran does with its nuclear program in the event of the deal's termination.World Politicsread 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
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
There is no end in sight to the Boeing 737 Max grounding after two fatal crashes, prompting airlines to rethink their growth plans.Airlinesread more
After a year of flooding, Midwest farmers face a stifling heat wave that's spreading across the U.S.Weather & Natural Disastersread more
On Saturday, Disney's Marvel Studios announced its upcoming slate of superhero films during a panel at San Diego Comic-Con.Entertainmentread more
"It troubles me that the most important political office in the world is becoming the face of racism and exclusion," Kaeser said in a Twitter post.Politicsread more
Stocks should rise a lot more if China and the U.S. strike a trade deal since that event is not fully priced into the market yet, according to a study conducted by Renaissance Macro Research.
The firm estimates the has lost about 11 percent from trade tensions since January 2018, even with the recent run-up in stocks. Renaissance Macro got to this amount by tallying up the single-day losses in the market over the last year that could be largely attributed to negative news on trade.
"In other words, if not for all the negative trade news over the last 14 months, the S&P 500 would be about 11 percent higher," said Neil Dutta, head of economics at Renaissance Macro Research, in a note.
China and the U.S. have slapped tariffs on billions of dollars worth of each other's goods. Investors around the globe have been fretting over this as tariffs can have a significant impact on corporate profits. The two countries have until early March to strike a deal to end the trade skirmish or additional U.S. tariffs on Chinese goods could take effect.
But stocks are up sharply this year in part because of perceived progress in the trade talks. The S&P 500 is up more than 10 percent in 2019. The index has also posted weekly gains in seven of the past eight weeks.
U.S. trade negotiators met with Chinese officials in Beijing last week and negotiations continue this week in Washington. Reuters reported earlier on Thursday the two countries are outlining commitments in principle on the stickiest issues in their trade dispute.
"With the market off its lows, a popular view is that the equity market has priced in all the good news already," Dutta said. "We are skeptical; the equity market only partially retraced the losses associated with trade tensions."
Perceived progress in U.S.-China trade talks are one of the factors cited by investors for the big move higher. Reports earlier on Thursday said negotiators from the two countries are outlining commitments in principle on the stickiest issues in their trade dispute.