British Prime Minister Theresa May is expected to make a final attempt at persuading lawmakers to back her "new" Brexit deal on Wednesday but the agreement — and May's...Europe Politicsread more
Consumers in China are taking to social media to express their support for Huawei as the U.S. government looks to ramp up pressure on the Chinese smartphone maker.Technologyread more
Tensions between the two parties have heightened in recent months as the campaign for seats in the Brussels and Strasbourg-based parliament has crescendoed.Europe Politicsread more
Shares of Saudi shopping mall operator Arabian Centres were trading at 24.34 riyals ($6.49) in early deals in Riyadh.IPOsread more
There is at least one thing in common between the U.S. and Russia – their willingness to weaken the European Union, a top EU official said.Politicsread more
U.S. President Donald Trump's latest tariff increase — and Beijing's plans to counter them — are hitting U.S. companies in China, according to a joint survey this month by...China Economyread more
"We are also constantly watching whether the trade war will turn into a tech war," Ma said Tuesday, according to a CNBC translation of his Chinese remarks published by a locak...China Economyread more
TransferWise, the money transfer start-up, was valued at $3.5 billion after investors bought $292 million of shares in a secondary sale.Technologyread more
Indian Prime Minister Narendra Modi's likely return to power for a second term will likely be positive for his country's growth, according to economists and investors.Asia Economyread more
Kohl's, J.C. Penney and Nordstrom release disappointing earnings news, putting a damper on their sector.Retailread more
"Pretty much the entire suite of apps that 'talk' over the internet could be vulnerable," said Tom Uren, a senior analyst at the Australian Strategic Policy Institute's...Cybersecurityread more
The price of digital currency stockpiled by companies to pay off potential
Cramer was responding to a recent comment by Business Insider CEO Henry Blodget, who said
"I think it could because the European banks are frantically trying to buy them so they can pay off ransomware. It's a short-term way to be able to deal with
Cramer said Ransomware operators will ask victims to pay them in bitcoin, and when the victim doesn't know how, they'll provide an 800 number. The Financial Times reported last month that ransomware operators can operate like "pseudo companies" and will provide a video to victims on how to pay.
"When you get hit and you're not sure how to do bitcoin, these
Adam White, head of Coinbase's digital currency exchange, recently said the surge in Bitcoin is unlikely due to firms buying to pay cyber-ransoms. "I think that's a stretch, " he said.
On Tuesday, Bitcoin surged to a record near $3,000 before giving up some gains. The digital currency has risen nearly 200 percent this year, easily outperforming stock market benchmarks like the S&P 500 and the Nasdaq composite.
— CNBC's Fred Imbert contributed to this report.