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 midday:
Chipmakers— Shares of chipmakers fell broadly, including Micron falling 0.4% and Qualcomm dropping close to 1% but ending the day positive, after Samsung said its second-quarter profit would likely be down 56% from a year ago. The world's largest smartphone maker and supplier of memory chips cited a weakening demand for chips.
Barrick Gold, Newmont Goldcorp— Gold stocks fell on Friday after U.S. job data rebounded strongly in June, which lowered the chances of an interest rate cut by the Federal Reserve this month and raised the value of the U.S. dollar. Shares of Barrick Gold fell nearly 2% and ended the day down 0.5% and shares of Newmont Goldcorp fell more than 2% and closed down 0.88%.
J.P. Morgan Chase, Bank of America, Citigroup— Bank stocks rose after a stronger-than-expected jobs report jolted interest rates higher. U.S. employment grew by 224,000 jobs in June, easily topping expectations. The benchmark 10-year Treasury note yield jumped to trade back above 2%. J.P. Morgan was up 0.6%, Citigroup rose 0.8% while Bank of America gained 0.72%.
Canopy Growth— Shares of cannabis company Canopy Growth fell 2.2% after the Globe and Mail reported that CEO Bruce Linton's departure from the company followed contention with Constellation Brands CEO Bill Newlands. The report citing sources familiar said Constellation Brands attempted to increase its control over Canopy since becoming it largest shareholder, causing conflict between Linton and Newlands.
Rio Tinto, BHP Group— Shares of mining companies Rio Tinto and BHP fell 5.1% and 3.9% respectively after a report from the China Securities Journal said that authorities in China were concerned over iron ore's recent price jump. The drop in metals on the strong dollar also added to the decline.
Correction: Bill Newlands is CEO of Constellation Brands. An earlier version misstated his status.
— CNBC's Fred Imbert, Marc Rod, and Mallika Mitra contributed to this report.