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
Apple has spent more than $6 billion on original TV shows and movies for its forthcoming Apple TV+ service, according to a Financial Times report on Monday.Technologyread 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
With all that has happened over the last few weeks, the Federal Reserve is more hawkish now than it was during its January meeting, J.P. Morgan chief global strategist David Kelly told CNBC on Wednesday.
Minutes from that meeting, held Jan. 30-31, were released on Wednesday. They indicated the Fed sees increased economic growth and an uptick in inflation as justification to continue to raise interest rates.
"Three weeks is a long time in monetary policy," Kelly said in an interview with "Power Lunch " shortly after the minutes were released.
"That budget agreement is highly stimulative. Also the risk of a government shutdown is gone. Also, we had a wage scare. Also, we had a CPI [Consumer Price Index] inflation scare. So however these minutes read, I think the Fed is more hawkish today," Kelly said.
Fears about inflation, which eats away at corporate profit margins and could force the Fed to hike rates faster than it anticipates, helped fuel the recent stock market sell-off.
Kelly said that "unless there is some shock" he expects there will be four rate hikes this year.
The market currently expects around three rate hikes for 2018, according to the CME Group's FedWatch tool.
Kelly expects this more hawkish tone to be on display in Fed Chair Jerome Powell's first semiannual address to Congress, which starts Feb. 28. Powell took the helm of the central bank earlier this month.
Danielle DiMartino Booth, president of Money Strong and a former advisor to the Dallas Federal Reserve, agreed there's a possibility there will be a "sea change in the message from the Fed when Powell goes up in front of Congress next week."
Therefore, the market may start upping the chance of more rate hikes this year, she told "Power Lunch."
— CNBC's Jeff Cox, Patti Domm and Jacob Pramuk contributed to this report.