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 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
Amazon executives met Wednesday morning with union officials from the Retail Wholesale and Department Store Union, according to a spokesperson for the group. Representatives for the AFL–CIO, a national federation of more than 50 labor unions, and the New York state Teamsters also attended, according to Stuart Appelbaum, head of the RWDSU.
New York Gov. Andrew Cuomo hosted the meeting and proposed a framework for moving forward that would allow Amazon to build in Long Island City and work more cooperatively with the unions, Appelbaum said.
"The meeting seemed to be very productive. We shook hands and said we look forward to working with each other, Appelbaum told CNBC. "It was a complete surprise the next morning."
The parties had agreed to stipulations of fair union election, hostility and retaliation free environments, and access for the unions to communicate with workers, Appelbaum said.
"I think the anger is about the way the whole process was done, that Amazon did it in a way that ignored the communities, that ignored the communities, ignored stakeholders, shrouded the whole process in secrecy," he said. "They do not listen. They do not listen to anybody's concerns. They refuse to even discuss what these concerns are."
Amazon executives had earlier drawn criticism from local officials after saying it would continue to discourage employees from unionizing. Now, the city stands to miss out on the majority of the 25,000 jobs that were promised.
The decision to cancel plans for thousands of jobs and billions of dollars in economic investment came as a shock to some government officials and residents. Amazon spent nearly a year fielding proposals from municipalities across North America, made a final decision in November, and apparently deliberated up to the last minute on whether to continue with the plans despite political opposition.
Representatives for Amazon and Cuomo did not return a request for comment from CNBC.