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
CEOs from major U.S. corporations know they've "got to tell the story differently" about capitalism, said John Engler, the former president of the pro-business coalition.Marketsread more
While they should have made sure artists were getting paid in the first place, Apple handled Taylor Swift's calling out "extremely well," iHeartMedia CEO Bob Pittman said Tuesday.
"Nobody gets it right 100 percent of the time," Pittman said in a CNBC "Squawk on the Street " interview at the Cannes Lion Festival. "Taylor spoke out as she should because we should make sure the artists are compensated and paid for their creativity. Otherwise, they can't afford to do it."
On Monday, Apple said it would be paying artists during Apple Music's three-month free trial period after Swift said she would be holding out her "1989" album from the streaming service.
Pittman added that he expected Swift to remain at the forefront of these issues. "She's very smart, and she's very articulate. She articulated the message from the other folks very clearly," he said.
Pittman also added that he still believes monetization remains radio's biggest problem.
"For us, unlike other [media] businesses that keep having to invent new products to make more money, we just have to get more money for what we do," Pittman said, adding that the industry is making progress on the matter.
"Step one was to prove that you do have a superior [return of investment in radio], and when you have a 6-to-1 [ROI] versus a 2-to-1, you go, 'Yeah, I think we can figure out how to make money there.'"