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
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
Beijing will lower borrowing costs for companies, but that may not boost the economy as much as some hope.China Economyread 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
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
"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
He may not be topping the best-seller list, but the great American poet and humanist Walt Whitman set a sales record Wednesday at Christie's.
A first edition of "Leaves of Grass, " printed for the author, sold for $305,000. That was more than twice Christie's estimate of $100,000 to $150,000, and it marked a world auction record for Whitman.
The previous record for a Walt Whitman book was $230,500, also for a copy of "Leaves of Grass. " That one was sold by Sotheby's in October 2011. It's not the most expensive book ever auctioned, of course. That honor is still held by the Bay Psalm Book that went at Sotheby's last fall for $14.2 million.
But Whitman's sudden price spike shows that even though the mass book market may be dying, a select few highly rare books are soaring in value on the back of the broader boom in collectibles for the wealthy.
"The market for fine and rare books has always been a relatively steady one, given the passionate nature of private collectors for rare items and first editions," said Tom Lecky, Christie's head of books and manuscripts in New York.
He said the rarity of the Whitman book, and the fact that it remained hidden from the public for so long, is "like catnip for collectors, so we were very pleased to see the record price yesterday."
The book was owned by Huguette Clark, the reclusive heiress and avid reader and painter whose baubles were auctioned off Wednesday for a total of $8.5 million.
Another top seller at the sale was Charles Baudelaire's "Les Fleurs du Mal, " which went for $293,000. Charles Dickens also had a decent sales day, with a first edition of "David Copperfield" selling for $43,750 and a first edition of "A Tale of Two Cities" going for $22,500.
But the value for "Leaves of Grass" topped those books for both cultural and physical reasons.
As a cultural icon, "Leaves of Grass" remains one of the most famous and quoted works of poetry and has been called America's "Second Declaration of Independence" for its celebration of democracy and individualism.
Whitman started writing it in 1850 and paid to have it printed himself, working in a local print shop in Brooklyn. He made only 795 copies as he was struggling financially at the time. That makes the one the sold Wednesday so valuable.
The edition has an engraved frontispiece portrait with tissue guard, with the original green cloth with gilt letters.
It's unclear what Whitman—a man hounded throughout his life by poverty and devoted to the common man—would make of his book selling for $305,000 to a wealthy buyer. He may be rolling in his grave. Or he may be reciting the first line of "Leaves of Grass": "I celebrate myself."
—By CNBC's Robert Frank