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
Zimbabwe's military said on Wednesday it had seized power in a targeted assault on "criminals" around President Robert Mugabe who were causing social and economic suffering, but gave assurances the 93-year-old leader and his family were "safe and sound."
In a short broadcast on national television, which was seized overnight by soldiers, a spokesman for the military said it expected "normalcy" to return as soon as it had completed its
The military detained Finance Minister Ignatius Chombo on Wednesday, a government source said. Chombo was a leading member of the so-called 'G40' faction of the ruling ZANU-PF party, led by Mugabe's wife Grace, that had been vying to succeed Mugabe.
Soldiers deployed across the Zimbabwe capital Harare and seized the state broadcaster after Mugabe's ruling ZANU-PF party accused the head of the military of treason, prompting frenzied speculation of a coup.
Just 24 hours after military chief General Constantino Chiwenga threatened to intervene to end a purge of his allies in Mugabe's ZANU-PF, a Reuters reporter saw armored personnel carriers on main roads around the capital.
Aggressive soldiers told passing cars to keep moving through the darkness. "Don't try anything funny. Just go," one barked at Reuters on Harare Drive.
Two hours later, soldiers overran the headquarters of the ZBC, Zimbabwe's state broadcaster and a principal Mugabe mouthpiece, and ordered staff to leave. Several ZBC workers were manhandled, two members of staff and a human rights activist said.
Shortly afterwards, three explosions rocked the centre of the southern African nation's capital, Reuters witnesses said.
Mugabe, the self-styled 'Grand Old Man' of African politics, has led Zimbabwe for the last 37 years.
In contrast to his elevated status on the continent, Mugabe is reviled in the West as a despot whose disastrous handling of the economy and willingness to resort to violence to maintain power destroyed one of Africa's most promising states.
The United States and Britain advised their citizens in Harare to stay indoors because of "political uncertainty." "U.S. citizens in Zimbabwe are encouraged to shelter in place until further notice," the U.S. statement said.
The British Foreign & Commonwealth Office statement told "nationals currently in Harare to remain safely at home or in their accommodation until the situation becomes clearer."
The Southern African nation has been on edge since Monday when Chiwenga, Commander of the Zimbabwe Defence Forces, said he was prepared to "step in" to end a purge of supporters of sacked vice president Emmerson Mnangagwa.
Only a few months ago, Mnangagwa, a former security chief nicknamed "The Crocodile," was favorite to succeed his life-long political patron but was ousted a week ago to pave the way for Mugabe's 52-year-old wife Grace to succeed him.
Chiwenga's unprecedented statement represented a major escalation of the struggle to succeed Mugabe, the only leader Zimbabwe has known since it gained independence from Britain in 1980.
Mugabe chaired a weekly cabinet meeting in the capital on Tuesday, officials said, and afterwards ZANU-PF said it stood by the "primacy of politics over the gun" and accused Chiwenga of "treasonable conduct ... meant to incite insurrection."
The previous day, Chiwenga had made clear the army's refusal to accept the removal of Mnangagwa — like the generals a veteran of Zimbabwe's anti-colonial liberation war — and the presumed accession of Grace, once a secretary in the government typing pool.
Local government minister Saviour Kasukuwere, a leading figure in her relatively youthful 'G40' faction, refused to answer Reuters questions about the situation in Harare. "I'm in a meeting," he said, before hanging up shortly before midnight.
Army, police and government spokesmen refused to answer numerous phone calls asking for comment.
Neither Mugabe nor Grace have responded in public to Chiwenga's remarks and state media did not publish his statement. The Herald newspaper posted some of the comments on its Twitter page but deleted them.
The head of ZANU-PF's youth wing, which openly backs Grace, accused the army chief of subverting the constitution.
"Defending the revolution and our leader and president is an ideal we live for and if need be it is a principle we are prepared to die for," Youth League leader Kudzai Chipanga said at the party's headquarters in Harare.
Grace Mugabe's rise has brought her into conflict with the independence-era war veterans, who enjoyed privileged status in Zimbabwe until the last two years when they spearheaded criticism of Mugabe's handling of the economy.
In the last year, a chronic absence of dollars has led to long queues outside banks and an economic and financial collapse that many fear will rival the meltdown of 2007-2008, when inflation topped out at 500 billion percent.
Imported goods are running out and economists say that, by some measures, inflation is now at 50 percent a month.
According to a trove of intelligence documents reviewed by Reuters this year, Mnangagwa has been planning to revitalise the economy by bringing back thousands of white farmers kicked off their land nearly two decades ago and patching up relations with the likes of the World Bank and IMF.
Whatever the outcome, analysts said the military would want to present their move as something other than a full-blown coup to avoid criticism from an Africa keen to leave behind the Cold War continental stereotype of generals being the final arbiters of political power.
"A military coup is the nuclear option," said Alex Magaisa, a UK-based Zimbabwean academic. "A coup would be a very hard sell at home and in the international community. They will want to avoid that."