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 numerous accounts that are 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
Stumpf retired on Wednesday amid questions about the bank's sales practices, which resulted in $185 million in penalties. Last month, Warren grilled the then-CEO, accusing him of "gutless leadership " and failing to hold himself accountable for his staff's actions.
Warren tweeted on Wednesday that she would still like to see Stumpf "return every nickel he made" during the period the fake accounts were opened, as well as face an investigation by the Department of Justice and Securities and Exchange Commission.
Stumpf previously denied that the practice of cross-selling — offering existing customers other products — was a scam and said it is "a way of deepening relationships. "
A spokesman for Wells Fargo said that Stumpf would not receive severance pay when he departed the company.
"There are some retirement benefits that are detailed in our proxy statement. They are not accessible for the next six months. That is a normal lag time," the spokesman said in a statement.
Warren renewed her assertion that Stumpf should be criminally investigated. She has previously said that change would only come to Wall Street if executives faced a real threat of jail time.
When Stumpf testified on Capitol Hill, Warren slammed him for not being accountable while former employees were "squeezed to the breaking point so they would cheat customers."
Wells Fargo declined to comment on Wednesday on Warren's tweets.