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
Billionaire presidential candidate Tom Steyer launched a $1.4 million ad campaign on Wednesday, highlighting his vision for ending corporate corruption and beating President Donald Trump in 2020.
The two ads, "Money Where His Mouth Is" and "Keeping the Promise" will run for two weeks from July 10 to July 23. The ads will appear on CNN and MSNBC nationally and locally in Iowa, New Hampshire, South Carolina and Nevada, the first four caucus and primary states. The ads will focus on Steyer's platform to break corporate gridlock and introduce practical policies to benefit all Americans, his campaign said in a press release.
Steyer entered the crowded Democratic field on Tuesday, vowing to focus on climate change and reforming the political system. In the last two years he has spent millions of his own funds on a drive to impeach President Donald Trump that has included advertising and public speaking engagements. The former hedge fund manager will spend at least $100 million on his presidential campaign, said spokesman Alberto Lammers.
Campaign manager Heather Hargreaves said in the release that Steyer is running for president because he sees how the "broken political system in Washington has failed the American people and has a plan to change it."
Steyer will have to receive donations from at least 65,000 unique donors and poll at 1% or higher in three qualifying polls by July 16 to join the Democratic presidential primary debates at the end of the month. To qualify for the third Democratic debates, he will have to hit 2% in four polls and receive 130,000 unique donors.
"Government by and for all the people, not just the powerful and well connected. That's the American promise," Steyer said in one of his ads, according to the press release. "But corporations and special interests are in control. Nothing's happening for real people. Our democracy has been purchased. The candidates running for president have great ideas, but we can't get anything done unless we make our democracy serve the people again. I'm running for President because it's time our democracy works for people."
The Steyer campaign did not immediately return CNBC's request for further comment.
Correction: Tom Steyer launched a $1.4 million ad campaign on Wednesday. An earlier version misstated the day.
— CNBC's Brian Schwartz contributed to this report.