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
Twitter and Facebook have suspended accounts believed to be tied to a state-backed disinformation campaign originating from inside China.Technologyread more
Beijing will lower borrowing costs for companies, but that may not boost the economy as much as some hope.China Economyread more
United States Steel Corp will temporarily lay off hundreds of workers at its Great Lakes facility in Michigan in coming weeks, according to a filing the steelmaker made with...US Marketsread more
The report comes as Trump in recent days has lashed out over media reports about growing recession fears.Politicsread 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
Stocks in Asia edged higher Tuesday morning as investors await the release of minutes from the Reserve Bank of Australia's July meeting. The People's Bank of China is also set...Asia Marketsread 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
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
"These days, the consumer is addicted to convenience ... If it doesn't have a great digital presence or incredible bargains, take a pass," Jim Cramer says.Mad Money with Jim Cramerread more
Check out the companies making headlines before the bell:
CarMax – The auto retailer reported quarterly profit of $1.09 per share, 9 cents a share above estimates. Revenue was short of forecasts, however, as same-store sales declined by 1.2 percent.
Nike – Nike reported quarterly profit of 52 cents per share, 6 cents a share above estimates. The athletic apparel and footwear maker's revenue also beating Wall Street forecasts amid strong worldwide demand. CEO Mark Parker told CNBC the ongoing trade dispute with China has not impacted its business in that country.
Hewlett Packard Enterprise, IBM – The two companies had their computer networks breached by China-backed hackers, according to a Reuters report. The hackers reportedly then went on to gain access to the networks of HPE and IBM clients.
Campbell Soup – Campbell named former Pinnacle Foods CEO Mark Clouse as its new chief executive officer. According to sources quoted by Reuters, Clouse has the support of major Campbell shareholder Third Point, which has been pushing for change and a possible sale of the company.
Credit Suisse, Deutsche Bank, UBS, Barclays – The four European banks were warned by the Federal Reserve and FDIC of flaws in their "living wills," which plan for a winding down in the event of a financial crisis.
Goldman Sachs — Singapore has expanded its criminal probe over Malaysian investment fund 1MDB to include Goldman, according to Bloomberg. And Malaysia wants Goldman to pay $7.5 billion over its involvement in 1MDB, according to a story in today's Financial Times.
Cintas – Cintas reported adjusted quarterly profit of $1.76 per share, 6 cents a share above estimates. The provider of uniforms and business supplies also raised its fiscal 2019 guidance.
Zynga – Zynga is buying a majority stake in Finland's Small Giant Games for about $700 million, in a move to bolster its mobile game lineup. The acquisition is Zynga's largest ever.
Raytheon – The defense contractor won a $568 million Pentagon contract for modifications to a Patriot missile defense system it is building as part of a foreign military sale.
Lockheed Martin – Lockheed was awarded a $997 million Air Force contract for F-16 aircraft upgrades.