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
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
Check out the companies making headlines after the bell Tuesday:
Yum Brands - The fast food operator, which owns Taco Bell, KFC and Pizza Hut brands, handed in second-quarter earnings of 69 cents a share, topping estimates of 62 cents a share, but revenue trailed projections. The company said comparable-store sales in China declined 10 percent, which was more than the 8 percent decrease Wall Street projected. The stock fell about 1 percent in extended-hours trading.
CSX - The railroad supplier reported adjusted second-quarter earnings of 56 cents a share on $3.06 billion in revenue. Analysts were looking for profit of 53 cents a share on $3.12 billion in sales. The stock rose about 4 percent in after-hours trading.
Celgene - The pharmaceutical provider said it would acquire Receptos, which develops treatments for immune disorders, for more than $7 billion. That's about a 12 percent premium to Receptos' closing price on Tuesday. Celgene rose about 5 percent after hours, while Receptos jumped 11 percent after being halted for the news.
Allegheny Technologies - The materials supplier said it expects a second-quarter loss of between 15 cents and 17 cents a share, citing challenges related to its flat-rolled products business and further weakening in demand from the oil and gas market. The stock fell about 9 percent.
Cummins - Shares ticked higher after the maker of diesel engines raised its quarterly cash dividend to 97.5 cents from 78 cents a share.
Ultragenyx Pharmaceutical - The stock fell about 3 percent after the biotech firm proposed a public offering of up to $250 million of shares of its common stock.