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
The Fed surprised markets by turning the first rate hike in nine years into a relative nonevent for markets.
"I think the market pretty much had a lot of it built in. There were no surprises, which I think is a good thing. Now we can stop worrying about when we're going to get a rate hike because we already had that now," said Randy Frederick, managing director, trading and derivatives at Charles Schwab. "I've said I thought there was a good chance we could have a solid two week rally into the end of the year."
The Fed had convinced markets that it would raise rates by a quarter at its December meeting and continue to deliver a relatively dovish message about the future path of rate hikes. It did both Wednesday afternoon, ending seven years of a near-zero fed funds rate.
"It took them long enough. It took from September to now to turn it into a non-event," said John Briggs, head of strategy at RBS. The Fed surprised some in the markets when it held off on a rate hike in September because of concerns about financial conditions and international developments.