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
The number of announced layoffs by U.S.-based companies surged in September from the previous month, and Hewlett-Packard's outsized cuts raise a red flag, John Challenger, CEO of Challenger, Gray & Christmas, told CNBC's "Squawk Box" on Thursday.
"It's interesting that we are beginning to see some big layoff announcements this year," he said. "One of the things you start to see as you get near the end of a period of expansion, but before it really turns, is you start to see major layoffs occurring, big mega-layoffs like we're seeing now."
U.S.-headquartered companies put 58,877 jobs on the chopping block last month, up 43 percent from just more than 41,000 in August and the third highest monthly total this year, Challenger's global outplacement firm reported.
Challenger said the computer sector led all other industries in layoffs in September. Hewlett-Packard accounted for nearly all of the 32,500 reductions.
Last month, Hewlett-Packard announced it would cut 25,000 to 30,000 positions as part of its restructuring, which will split the company into one firm focused on enterprise services and one dedicated to its legacy hardware business.
Challenger said the HP cuts were not necessarily an indicator that overall layoffs would continue to increase substantially month to month. Instead, he said, they may be a sign that companies having a more difficult time will begin shedding workers.
The first day of October saw further cuts from big companies.
Reuters reported that Wal-Mart is planning to lay off hundreds of people at its headquarters in Arkansas as part of the retail giant's efforts to pare costs. Fewer than 500 employees are expected to lose their jobs, and an announcement could be made as early as Friday, according to one of sources told Reuters.
ConAgra announced it is cutting about 1,500 jobs, or approximately 30 percent of its global, office-based workforce, and moving its headquarters to Chicago from Omaha, Nebraska. The packaged food company said Thursday its plans should result in about $200 million in savings, with most of that realized in fiscal 2018.
On Tuesday, Chesapeake Energy, the nation's second largest producer of natural gas, announced after it reported a $4 billion quarterly loss in August.
The energy industry remained the biggest job-cutting sector for the year, with 72,708 cuts announced since January, Challenger said.
The Challenger report comes a day before the Labor Department's closely watched monthly employment data for September. On Wednesday, ADP reported that private companies topped expectations for job creation in September, adding 200,000 new positions.
The September reductions in the Challenger report pushed the layoff count in the third quarter to 205,759, making it the worst quarter for job cuts in six years. Year to date, employers have announced plans to hand out 493,431 pink slips, more than the full-year total of 483,171 in 2014.
Art Cashin, director of NYSE floor operations for UBS, said the layoffs are part of the financial engineering market watchers have seen U.S. corporations engage in.
"You buy back your own shares, you take a look around, you can't get revenues up, and you start to pare back some of the help," he told CNBC's "Squawk on the Street." "It's unfortunate, but we've been seeing it despite the quote, unquote recovery that we're in."
The news is not all bad, John Challenger added. Big cuts can be like "manna from heaven" for growing companies that are deeply in need of skilled workers, he noted.
The labor market has tightened significantly over the last 12 months as the unemployment rate has fallen from 6.1 percent in August 2014 to 5.1 percent this August.
The Labor Department reported Thursday that the number of Americans filing new applications for jobless benefits rose modestly last week and a gauge of its trend fell, pointing to ongoing tightening in the job market.
—Reuters and the Associated Press contributed to this story.