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 information 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
CBO scores? We don't need no stinkin' CBO scores!
Republicans aim to pull off a vote on their controversial Obamacare replacement bill in the House on Thursday, before the revised legislation is fully analyzed by the Congressional Budget Office.
"We're going tomorrow, yes we are," House Majority Leader Rep. Kevin McCarthy said Wednesday. He added that he believes Republicans have the votes for passage.
That dash to get the bill out of the House and over to the Senate likely reflects an expectation that the CBO would, for the second time in as many months, offer a grim outlook on the effects of the bill.
In March, when it analyzed an earlier version of the bill, the nonpartisan CBO found that it would result in 24 million more people becoming uninsured by 2026 than would be the case if Obamacare remained intact as is.
The CBO also estimated that premiums for individual health plans next year and in 2019 would on average be 15 to 20 percent higher than what they would be under Obamacare.
However, since then, a series of revisions were made, and the CBO has not analyzed the bill with those changes.
The latest revisions would potentially affect how much people with pre-existing health conditions are charged for their insurance coverage.
Republican leaders, who so far have held off holding a vote because they have been unable garner enough support for it within their own caucus, now believe they are close to securing enough "yes" votes.
Pelosi issued a statement saying that no vote on "Trumpcare" should take place without an updated CBO score.
"Republicans are clearly terrified of their members and the American people seeing the full consequences of their plan to gut critical protections for Americans with pre-existing conditions," Pelosi said.
"As then-Ranking Member Paul Ryan wrote to the director of the CBO in 2009, 'Before Congress changes health care as the American people know it, we must know the likely consequences' of the legislation, " Pelosi said.
"Democrats wholeheartedly agreed, and at every point in the process of passing the Affordable Care Act, we ensured an up-to-date CBO estimate was available for the legislation being voted on. Now, House Republicans are hoping to bring the latest version of Trumpcare to the Floor before the CBO can reveal its catastrophic impacts on millions of American families. "
She added, "The American people have a right to know the full consequences of Trumpcare before their representatives vote on it."