SoftBank wants to push Neumann out of the CEO role ahead of the IPO.Technologyread more
Rising home prices, coupled with conservative borrowing, have today's homeowners sitting on a record amount of potential cash. Today's mortgage holders saw their home equity...Real Estateread more
The Mac Pro is the only major Apple computer to be assembled in the United States. Most of Apple's products, including the iPhone, are assembled in China and are facing tariff...Technologyread more
CNBC's Jim Cramer calls on investors to be wary of the slew of the hyped-up unicorn companies going public this year and encourages the focus to be on deliverable earnings.Investingread more
The UK's Civil Aviation Authority said Thomas Cook had now ceased trading and the regulator would work with the government to bring the more than 150,000 British customers...Europe Marketsread more
Markets have been betting Trump's Twitter attacks on the Fed will move rates. Among other things, Trump has called Chairman Jerome Powell "clueless" and Fed officials as a...The Fedread more
Trump's call with the foreign leader is reportedly the subject of a whistleblower's complaint that has spurred new accusations of wrongdoing from Democrats.Politicsread more
Harvard economist N. Gregory Mankiw says ultra-wealthy couples could split their fortunes in half through divorce and avoid paying a wealth tax proposed by presidential...Wealthread more
An annual survey by Piper Jaffray finds iPhone that users willing to upgrade to newly released models declined from last year.Technologyread more
These are the stocks posting the largest moves midday.Market Insiderread more
Time Inc. on Tuesday confirmed reports that social networking subsidiary Myspace has been the victim of a hacking incident.
Shortly before the Memorial Day weekend, Myspace's security team became aware that stolen user login data was being made available in an online hacker forum. The compromised data includes a portion of Myspace usernames, passwords and email addresses, from the old Myspace platform prior to June 11, 2013 — when the site was relaunched with significant steps to strengthen account security.
The breach didn't affect any of Time's systems, subscriber information or other media properties and did not appear to include financial data of any kind, the company said.
"Our information security and privacy teams are doing everything we can to support the Myspace team," Jeff Bairstow, Time executive vice president and chief financial officer, said in a statement.