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
Stocks in Asia traded lower on Monday morning, as investors await the start of a Nasdaq-style technology board on the Shanghai Stock Exchange.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
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
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
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
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
Gluskin Sheff's David Rosenberg is painting a painful picture for stocks as earnings season goes into full gear.Futures Nowread more
After a year of flooding, Midwest farmers face a stifling heat wave that's spreading across the U.S.Weather & Natural Disastersread more
Sen. Chuck Schumer told reporters Tuesday that he did not think Stephen Moore or Hermain Cain are qualified for seats on the Federal Reserve board.
The two men are Trump's picks to join the U.S. central bank. But Schumer, the top Democrat in the Senate, said he doesn't see Cain and Moore "fitting in with the mission of the Fed, which is to conduct monetary policy and not be political."
Trump nominated Cain, a former presidential candidate and pizza CEO, in early April and Moore, an economic commentator, in late March to the seven-member board. A top congressional Democrat echoed Schumer's sentiments earlier Tuesday.
"Mr. Moore is superbly underqualified for the role for which he has been nominated," wrote Rep. Carolyn Maloney, vice chair of the Joint Economic Committee, in a letter to Republican Sen. Mike Crapo and Democratic Sen. Sherrod Brown, the chair and vice chair, respectively, of the Senate banking committee.
Cain has experience in central banking, having served in several positions at the Kansas City Fed from 1989 to 1996 before moving into politics. Moore, a former campaign advisor, is a visiting fellow at the Heritage Foundation and served on the Wall Street Journal's editorial board.
Senate Majority Leader Mitch McConnell said earlier the chamber would consider whoever Trump picks for those roles.
"We're going to look at whoever the president sends up, it's his choice to decide, and once he makes a nomination, we'll take a look at it," the Republican senator said.
A CNBC Fed Survey released Monday revealed that the majority of respondents in the survey didn't believe the Senate should confirm either of the men. Sixty percent said the Senate should not confirm Moore. Fifty-three percent of respondents also called for the Senate to reject the prospective nomination of Cain.
— Reuters contributed to this report.