The attacks come after state and local ransomware attacks in New York, Louisiana, Maryland and Florida resulted in the loss of significant sums.Technologyread more
Stocks are bouncing higher but could be trapped in a range longer term, until there's a resolution of the trade wars.Market Insiderread more
Powell will have the opportunity if not to walk back the "midcycle" assessment then to at least provide some further explanation about what it means.Economyread more
The report comes as Trump in recent days has lashed out over media reports about growing recession fears.Politicsread more
The Business Roundtable, led by Jamie Dimon, gives a new definition of the "purpose of a corporation."Marketsread more
Tilman Fertitta told CNBC on Monday that he is doing things in a "very conservative way" amid fears of a recession.Marketsread more
Saudi Aramco sent a request for proposal to several banks, people familiar with the matter told CNBC on Monday.Marketsread more
Twitter and Facebook have suspended numerous accounts that are believed to be tied to a state-backed information campaign originating from inside China.Technologyread more
Leaked documents from Google give fresh ammo to conservative lawmakers who have already accused Google and other tech companies of political bias.Technologyread more
J.P. Morgan estimates the average annual tariff cost per household will be $1,000 with the new round of Trump's tariffs.Marketsread more
Stasior left Apple earlier this year. Prior to his time in charge of Siri, he was a top executive at Amazon.Technologyread more
European shares closed higher on Wednesday, having trimmed gains as investors awaited Federal Reserve Chairman Ben Bernanke's news conference after the central bank's monetary policy meeting.
The pan-European FTSEurofirst 300 provisionally closed up 0.4 percent at 1,257.0 points. It trimmed gains after Wall Street opened mixed, with investors hesitant about a potential announcement by Bernanke about the tapering of the Fed's stimulus program. Investors expect the central bank to scale back monthly asset purchases by $10-15 billion, while keeping interest rates close to zero for some time.
Shares of Spanish clothes retailer Inditex, which owns Zara, closed around 0.8 percent higher after the group posted a 1 percent rise in first-half profit to 951 million euros ($1.3 billion), year-on-year, beating expectations.
The group announced a 2 percent rise in full-year revenue to £3.1 billion, with operating profit up 1 percent at £560 million. The group also declared a special dividend and announced restructuring measures.
Philip Bowman, chief executive of Smiths Group, told CNBC that he was satisfied with the results, in light of tough economic conditions.
"We're much better positioned today given the fact we live in the reality of a much slower growth world economy than we had six or seven years ago, and we're better prepared to respond to that. So overall, I'm comfortable with the way we're going. We did have some difficult headwinds last year…so against [those] the results have been resilient."
The group also said that it would continue to raise its investment in sales, marketing and new product development.
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