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
The order for mainland lenders to stop doing business with Pyongyang "is a logical next step in the sanctions, and a very important one," he told CNBC's "Squawk Box. "
"Chinese commercial banks had been a big route for facilitation of trade to North Korea so the fact that the PBOC has put out a taboo, that's a very big deal," the billionaire said, referring to China's central bank, or the People's Bank of China.
Last week, sources told Reuters that the PBOC had instructed domestic banks to implement United Nations sanctions against the rogue state. The development comes on the heels of Pyongyang's sixth nuclear test earlier this month and follows incessant demands from President Donald Trump for more Chinese action against North Korean leader Kim Jong Un.
The PBOC move was "a gigantic step" and assuming that it's followed through, "that's a very good sign, it's very, very important pressure," said 79-year-old Ross, who made a fortune investing in distressed assets before joining the White House.
Washington doesn't mind competing with Beijing on global trade but "we just want the competition to be on a fair and level playing field, " Ross said.
"That means not so much in the way of trade barriers, not so much in the way of protectionist activities, not so much in the way of impediments to companies operating there, not so much in the way of forced technology transfers — things of that sort."
Earlier this week, Ross said that President Xi Jinping's administration had to guarantee fair and reciprocal treatment for U.S. firms during a trip to Beijing that preceded Trump's own visit to the mainland.
The relationship between the world's two largest economies has been strained amid Washington's criticism of Chinese trade practices, with Ross labeling China the "most protectionist" country among large economies earlier this year.
"What we're seeking is an overall improvement in trade. And if you look at our trade balance, there's one geographic source of our imbalance and that's most importantly China," Ross said on Wednesday.
"There's one product source of our imbalance and that's mostly automobiles," he continued, adding that the car issue was not related to the mainland. "If you solve the geographic problem and you solve the product problem, you've pretty well solved our trade problem."
The region is "hugely important" to Washington, Ross stated.
Recent visits to Japan and South Korea by Vice President Mike Pence and Defense Secretary James Mattis are "partly to show quite visibly that we're not forsaking the region at all," Ross stated. "We've got all kinds of people out here."
The argument that the U.S. is disengaging with the rest of the world, reflected by decisions like exiting the Trans-Pacific Partnership, is false, Ross said.
"It was never our intention to isolate ourselves, that's a fiction the media had invented."
"We didn't think TPP was an advantageous deal for the United States so we rejected the deal, not the geography ...Take for example NAFTA. We're certainly not rejecting Mexico and Canada, we're just saying we think the commercial arrangements with them need to be reformed. "