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
Celebrity chef Mario Batali is officially giving up his restaurants after admitting to sexual misconduct more than a year ago.
The partnership between Batali and the Bastianich family has officially dissolved, according to a copy of a letter the Batali & Bastianich Hospitality Group sent to employees Wednesday. Tanya Bastianich Manuali will run day-to-day operations at a new company that will replace Batali & Bastianich Hospitality, according to the letter.
The New York Times first reported Batali's divestment. Manuali and her brother Joe Bastianich bought out Batali's shares in all of his restaurants, the Times reported. The Batali & Bastianich Hospitality Group manages about 20 restaurants, including New York-based Del Posta and Lupa, according to its website.
Eataly spokesman Chris Giglio said in a statement to CNBC that the company is in the process of acquiring Batali's minority stake in the Italian chain of food halls.
In December of 2017, online food publication Eater reported accusations of sexual harassment and assault from four women against the celebrity chef. In an apology to fans via his newsletter, Batali infamously included a recipe for pizza dough cinnamon rolls. After the accusations surfaced, Batali stepped back from his restaurant business, and Eataly removed his products and books from their locations.
The Bastianich family dismantled their partnership with the disgraced chef and shuttered restaurants as the backlash continued.
At the beginning of this year, the New York Police Department closed three investigations into sexual assault allegations against Batali, citing a lack of evidence to make an arrest.
The #MeToo movement led a number of women to come forward in 2017 and 2018 to address a culture of sexual harassment in the restaurant and other industries. Other well-known chefs and restaurateurs who were accused of sexual misconduct include John Besh, Ken Friedman and Charlie Hallowell.
Batali did not immediately respond to a request for comment from CNBC.