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 information 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
Multiple sellers told CNBC on Thursday that the back-end system for tracking orders and sales has been down since Wednesday afternoon. Although it's still recording customer orders, sellers are unable to access their daily sales numbers to see what products they're selling or how much they're making.
Amazon has been unresponsive so far, the sellers said, only addressing the issue through the following statement posted in a seller forum: "Technical Notification — We are currently experiencing a system issue that is impacting Business Reports."
Amazon didn't immediately respond to a request for comment.
The company known for managing some of the world's most sophisticated technical infrastructure has experienced a number of glitches of late. On Wednesday, thousands of customers complained about Amazon's search bar malfunctioning, mostly in the U.S. market. In July, Amazon also suffered a major crash for hours during Prime Day, one of its biggest sales days of the year.
Although accounting mistakes aren't uncommon for sellers, an outage of this magnitude is rare. It's not clear how the issue will affect sales, but sellers are already expressing concern that without access to their daily metrics, it's impossible to make future business plans, like determining how much inventory they need to buy.
"Without knowing how many of an item I sold, I don't know what to reorder," said one seller, who asked to remain anonymous due to privacy issues. "If we are even a day or two late in reordering product, we can go out of stock and literally kill a top-selling product."
Third-party sales now make up more than half of all e-commerce volume across Amazon's sites.