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 accounts 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
Wilbur Ross, the U.S. secretary of commerce, told CNBC that it's unfair his country is being affected by trade protectionism.
"We don't think it's inherent in a global trading system that one country, namely the U.S., absorbs in its deficit the cumulative trade surplus of the entire rest of the world," he said Monday.
He blamed trade partners, such as China and Europe, for taking a protectionist approach that disproportional impacts world trade.
"The EU, China and Japan all talk about free trade and they all practice protectionism. Let me give you an example, automotive is the largest product category of our tariff deficit. Our tariff on autos is 2.5 percent; the EU's 10 percent and China is 25 percent and in some cases a bit more. That's not a level playing field," Ross told CNBC.
"It's the kind of thing we feel needs to be rethought," he said.
Trump also called on Monday for more "reciprocal" trade during his visit to Japan. He suggested that automakers are trying to build their cars in the U.S. rather than shipping them.
Trump complained that there's a trade imbalance between both nations that needs to change. The U.S. had a $69 billion trade deficit with Japan in 2016, according to the U.S. Census Bureau. Last week, new data showed the U.S. trade deficit widened slightly more than expected in September, increasing 1.7 percent to $43.5 billion.
Trade issues have been somewhat sensitive since Trump took office. The president, who was elected on a protectionist platform, has stopped some negotiations for new free trade deals, including with Europe, dubbing such deals as a "disaster" to the U.S. economy.
Trump has used trade deficit figures — which calculate the difference between imported and exported goods — as a way to support his protectionist rhetoric.
However, some trade experts believe this isn't a good way to measure the benefits of trade because Trump is focused on manufactured goods and not services, and the former do not show the precise benefits of free trade deals.
"We have brought a very large number of trade cases against 35 countries around the world that are in effect right now. Enforcement is a very important part of the administration strategy. We think that even our friendly nations should live by the rules and if they don't, we will intend to enforce things against them," Ross told CNBC.
—CNBC's Huileng Tan and Leslie Shaffer contributed to this report.