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
Apple has spent more than $6 billion on original TV shows and movies for its forthcoming Apple TV+ service, according to a Financial Times report on Monday.Technologyread 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 accounts believed to be tied to a state-backed disinformation campaign originating from inside China.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
CEOs from major U.S. corporations know they've "got to tell the story differently" about capitalism, said John Engler, the former president of the pro-business coalition.Marketsread more
Penney is seeking a replacement for Ron Johnson, who was formerly in charge of retail at Apple. He left the company to run J.C. Penney in 2011, but was pushed out 17 months later.
Ahrendts accepted the position months ago, but will officially start as the senior vice president of retail and online sales next year.
According to the WSJ report, Ahrendts' hiring "was locked and loaded" this summer, but the announcement was delayed as Burberry weighed a successor, a source familiar with the matter said.
Apple is reportedly amplifying the role to include responsibility for online sales.
Ahrendts is the second luxury retail executive this year to announce a departure for the tech giant. Paul Deneve gave up his position as chief of Kering SA 's Yves Saint Laurent brand to take on the role as VP of special projects at Apple.