Consumers in China are taking to social media to express their support for Huawei as the U.S. government looks to ramp up pressure on the Chinese smartphone maker.Technologyread more
U.S. President Donald Trump's latest tariff increase — and Beijing's plans to counter them — are hitting U.S. companies in China, according to a joint survey this month by...China Economyread more
"We are also constantly watching whether the trade war will turn into a tech war," Ma said Tuesday, according to a CNBC translation of his Chinese remarks published by a locak...China Economyread more
TransferWise, the money transfer start-up, was valued at $3.5 billion after investors bought $292 million of shares in a secondary sale.Technologyread more
Kohl's, J.C. Penney and Nordstrom release disappointing earnings news, putting a damper on their sector.Retailread more
Bezos's comments give a rare glimpse into his interest in the auto industry. Amazon recently invested in two self-driving start-ups.Technologyread more
While investing often seems like a contrarian game where going against the flow feels like the better bet, the reality is that investors who bought the most-favored stocks...Hedge Fundsread more
The economist thinks the Fed ought to pay more attention to financial markets when setting interest rates.The Fedread more
U.S. Trade Representative Robert Lighthizer will meet with officials from the European Union and Japan at the ministerial meeting of the Organization for Economic Co-operation...World Economyread more
Talks between the world's two largest economies have stalled after each nation lobbied higher tariffs on the other's imports.Traderead more
"Pretty much the entire suite of apps that 'talk' over the internet could be vulnerable," said Tom Uren, a senior analyst at the Australian Strategic Policy Institute's...Cybersecurityread more
Sen. Bernie Sanders took to Twitter on Monday to criticize Disney CEO Bob Iger's salary and suggest that Disney should use the massive box-office haul from its superhero film "Avengers: Endgame" to give its employees raises.
Sanders' tweet comes just a day after Disney revealed that "Endgame" shattered box-office records, taking in $356 million in the U.S. and more than $1.22 billion internationally in just five days in theaters.
"What would be truly heroic is if Disney used its profits from 'Avengers' to pay all of its workers a middle class wage, instead of paying its CEO Bob Iger $65.6 million — over 1,400 times as much as the average worker at Disney makes," Sanders wrote in a tweet Monday.
Sanders, the independent senator from Vermont who is running for the Democratic nomination for president, isn't the first to criticize Iger's massive paycheck.
Last week Disney heiress Abigail Disney, the granddaughter of the company's co-founder, once again publicly took umbrage with Iger's compensation, calling it "insane."
The comment came after a recent Equilar study found Iger's pay was 1,424 times that of the median Disney employee.
In March, Iger agreed to a new compensation contract that cut his maximum potential annual pay by $13.5 million.
However, the year prior he was awarded $65.6 million for his performance with the company, the result of a pay bump for extending his tenure at Disney through 2021 and stock awards in excess of $35 million.
This year, however, the company eliminated a $500,000 boost to his base salary, keeping it at $3 million. It also cut his potential cash bonus from $20 million to $12 million and reduced his long-term incentive pay from $25 million to $20 million, the company said in a securities filing.