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
The Business Roundtable, led by Jamie Dimon, gives a new definition of the "purpose of a corporation."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
Saudi Aramco sent a request for proposal to several banks, people familiar with the matter told CNBC 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
Sequoia's Michael Moritz says that direct listings worked for Spotify and Slack and will become more common for companies with "courage and intelligence."Technologyread more
Shares of embattled utility PG&E plummeted after a judge ruled that a jury can decided whether it should pay up to $18 billion in damages.Marketsread more
Stocks rose sharply on Monday as Treasury yields rebounded, quelling fears of a possible recession.US Marketsread more
"I see a combination of the Clippers, civic contribution, teaching and study taking a lot of time," Ballmer said a letter to current CEO Satya Nadella. "I have confidence in our approach of mobile-first, cloud-first, and in our primary innovation emphasis on platforms and productivity and the building of capability in devices and services as core business drivers."
He added that he intends to hold his large Microsoft stock position for the "foreseeable future."
Ballmer, who retired when Satya Nadella took over as CEO in February, recently bought the Los Angeles Clippers basketball team for $2 billion, and plans to devote much of his energy to that project.
The former CEO said that his "confidence" and "multitude of new commitments" would make it "impractical" for him to continue to serve on the board, especially as he will begin teaching a new class on top of the start of the NBA season.
Back in January, Re/code had reported that Ballmer would likely step down from the board once Nadella became CEO.
—By CNBC.com staff. Reuters contributed to this report.