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
"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
U.S. small businesses boosted borrowing for a third straight month in May, driving the Thomson Reuters/PayNet Small Business Lending Index to its highest in more than seven years, according to data released on Tuesday.
The increase, to 127.1 from 125.4, suggests small business owners continue to see demand rising and are investing in their firms, PayNet founder Bill Phelan said. It was the highest level since March 2007, and the third highest level on record.
"I think it would be hard to change the momentum here anytime soon,'' Phelan said. The index, which is correlated with U.S. gross domestic product growth two to five months ahead, suggests the economy will rebound this quarter and next from a dismal first quarter, he said.
A separate index released by PayNet showed loan delinquencies unchanged from the prior month, with delinquencies of 31 to 180 days, PayNet's broadest measure of late loan payments, at 1.48 percent of all loans made.
The index hit a high of 4.73 percent in August 2009. The record low was 1.44 percent last October.
PayNet collects real-time loan information such as originations and delinquencies from more than 250 leading U.S. lenders.