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
Twitter and Facebook have suspended accounts believed to be tied to a state-backed disinformation campaign originating from inside China.Technologyread more
Beijing will lower borrowing costs for companies, but that may not boost the economy as much as some hope.China Economyread more
United States Steel Corp will temporarily lay off hundreds of workers at its Great Lakes facility in Michigan in coming weeks, according to a filing the steelmaker made with...US Marketsread more
The report comes as Trump in recent days has lashed out over media reports about growing recession fears.Politicsread 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
Stocks in Asia edged higher Tuesday morning as investors await the release of minutes from the Reserve Bank of Australia's July meeting. The People's Bank of China is also set...Asia Marketsread 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
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
"These days, the consumer is addicted to convenience ... If it doesn't have a great digital presence or incredible bargains, take a pass," Jim Cramer says.Mad Money with Jim Cramerread more
Russian President Vladimir Putin warned of possible disruption to Europe's gas supply on Thursday, as the U.S. confirmed it would send additional non-lethal military support to Ukraine.
Speaking at an annual televised question-and-answer session in Moscow, Putin said Russia would give Ukraine a month to pay off its gas debts, but would then switch to a "complicated" pre-payment scheme which could disrupt supply.
Gas giant Gazprom, in which the Kremlin has a majority stake, claims Ukraine owes it more than $2.2 billion.
"It's a complicated settlement and might lead to disruption of supply of gas to our European consumers. We can cut it off right now. But we will wait another month," Putin said.
The unfolding dispute between Ukraine and Russia has led to fears of a disruptions in gas supply to Europe, given that Russia supplies around a third of the continent's natural gas, and that some of that supply is delivered through pipelines running through Ukraine.
On Thursday, the European Commission agreed to gas-security talks with Russia, and urged Putin not cut off supplies to Ukraine.
Later on Thursday, U.S.Defense Secretary Chuck Hagel said America would send additional help to Ukraine.
"Earlier this morning I called Ukraine's acting defense minister to tell him that President Obama has approved additional non-lethal military assistance for health and welfare items and other supplies," Hagel said at a press conference.
The U.S. has called for Russia to pull back its forces from the border, and from the Crimean region of Ukraine. It has also called on Russia to ask armed pro-Russia groups in eastern Ukraine to stand down and disarm.
Also at Thursday's question-and-answer session, Putin admitted for the first time that Russian forces were present in Crimea even before its annexation last month. However he refuted claims that they were currently operating in the eastern part of Ukraine.
"We had to take unavoidable steps, so that events did not develop as they are currently developing in southeast Ukraine," Putin said, according to Reuters news agency. "Of course our troops stood behind Crimea's self-defense forces."
Putin added that the use of force by Ukraine against pro-Russian separatists was a "grave crime." He said Ukraine should instead be creating a dialogue with the Russian-speaking community in the area.
The Russian leader added that he very much hoped he would not have to use military force in Ukraine, and believed that the two countries would eventually reach a "mutual understanding."
Snowden quizzes Putin
Fugitive whistleblower and former U.S. security agency contractor, Edward Snowden, also took part in the question-and-answer session.
Snowden asked Putin whether Russia intercepted or analyzed communications between its citizens. Putin replied that the country did not conduct "massive, uncontrolled" surveillance, and that Russian laws would not allow that.
"I used to work for intelligence service(s) like you. We will talk the same professional language—our intelligence efforts are regulated by our law," Putin said to Snowden.
"I hope we won't do that and we don't have the money or technical devices that they have in the States."
Putin's comments came as representatives from the European Union (EU), U.S., Ukraine and Russia met in Switzerland in the hope of cooling the crisis in Ukraine, which claimed more lives overnight.
U.S. Secretary of State John Kerry, the EU's High Representative Catherine Ashton, Russian Foreign Minister Sergei Lavrov and Ukrainian Foreign Minister Andrii Deshchytsia met for the talks.
On Thursday afternoon, Reuters quoted a Western official speaking on condition of anonymity, who said the four powers were working on a joint statement.
Three dead in Ukraine
On Wednesday night, three pro-Russian protesters were killed,13 wounded and 63 arrested in a clash at Mariupol military base, about 40 kilometers from the Russian border, according to Ukraine's interior minister, Arsen Avakov.
Avakov posted on his Facebook site Thursday morning, saying that a military unit was attacked overnight by a group of 400 people. The "gang of attackers" opened fire on the military installation after the guards refused to switch sides, he said. They threw incendiary weapons and Molotov cocktails, before the military guards responded and the protesters were scattered and disarmed.
Over the past weeks, pro-Russian separatists have taken over buildings in 10 cities in the eastern part of Ukraine, according to Reuters. This part of the country is mainly Russian-speaking and protesters dislike Ukraine's new government, which is more popular in the western side on Ukraine.
Declan Ganley, chairman and CEO of Rivada Networks, remained skeptical and said Thursday's talks in Geneva would not generate any resolutions.
"I think (Putin) is laughing at us...he's stringing us along," he told CNBC on Thursday. "We already know how this plays out .. why we think this is going to be any different is a mystery to me."