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
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
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
Hard to believe even a few weeks ago, but now pros are talking about how the weakening euro could fall so low it could trade at parity with the dollar—or even lower.
The euro Wednesday was down about a half percent to $1.18, a nine-year low, after euro zone consumer prices fell on an annual basis for the first time since 2009. That fueled expectations that the European Central Bank will soon launch a quantitative easing, or bond-buying program. The common currency has lost 2.4 percent since the new year began, amid expectations of QE.
The last time the euro was trading at $1 or lower was in November 2002. It had sunk below the 1-for-1 level in the first year of its life, in late 1999, and traded as low as 84 U.S. cents in 2000. But in recent years, it has held above. For most of 2014, the euro was above $1.30.
But $1 is no longer unthinkable.