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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
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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
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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
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Federal Reserve Chairman Jerome Powell testifies in front of the House Financial Services Committee on Wednesday.
In prepared remarks to the committee, Powell testified that "crosscurrents" from weaker economic activity across the globe and lingering trade fears are dampening the U.S. economic outlook. He also said inflation continues to run below the Fed's 2% target, adding: "There is a risk that weak inflation will be even more persistent than we currently anticipate."
Powell reiterated the Fed would "act as appropriate" to keep the current economic expansion going.
The prepared remarks added to expectations the Fed would cut rates at its meeting later this month. The Dow and S&P 500 rallied and Treasury yields declined in reaction to the released comments.