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
"These days, the consumer is addicted to convenience ... If it doesn't have a great digital presence or incredible bargains, take a pass," Jim Cramer says.Mad Money with Jim Cramerread more
The respite for embattled Republicans was all too brief.
After a weekend of scrambling, in which numerous House and Senate incumbents repudiated Donald Trump over lewd videotaped comments, the party held out hope that their nominee's feisty debate attacks on Hillary Clinton would halt his political erosion. But a new NBC News/Wall Street Journal poll on Monday unsettled them anew.
The survey showed Clinton doubling her lead over Trump this weekend following disclosure of his taped remarks to broadcaster Billy Bush. In a four-way race including Libertarian Gary Johnson and Green Party candidate Jill Stein, she now leads by 46 percent to 35 percent; in a two-way matchup, she leads by 52 percent to 38 percent.
Closer to home for down-ballot candidates, Democrats also doubled their lead, to 7 percentage points, when voters are asked which party they want to control Congress. That suggests the Republican House majority, as well as its Senate edge, may be in jeopardy.
House Speaker Paul Ryan reflected the jitters when he told members on a conference call Monday that he would no longer defend Trump and instead would focus on preserving vulnerable members of his caucus. Trump immediately responded with a tweet advising Ryan to focus on the budget and other congressional issues, not him.
The danger for the party is that the combination of internal discord and eroding poll numbers could lead more Republicans to denounce their nominee. That in turn would anger Trump's rank-and-file supporters with unpredictable consequences.
The worst of them would be a collapse in turnout by conservatives that takes down Republicans vying for power at both ends of Pennsylvania Avenue — and with them the GOP agenda of lower taxes and fewer regulations. At the moment, the air of mutual recrimination is not promising for the party.