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
In the wake of the Boeing 737 Max 8 jet crash that killed 157 people in Ethiopia, President Donald Trump said Tuesday that airplanes are becoming "far too complex to fly."
"Pilots are no longer needed, but rather computer scientists from MIT," Trump wrote in a morning tweet. "I see it all the time in many products. Always seeking to go one unnecessary step further, when often old and simpler is far better."
The FAA said Monday it did not see a reason to ground Boeing 737 Max planes, though regulators around the world have stated to ground the planes.
The crash near Addis Ababa on Sunday marked the second time the Boeing plane has sustained a fatal crash in five months.
Boeing has said it is too early to tell the cause of the Sunday crash, though investigators are looking into whether the plane's automatic controls were responsible for the crash of the 737 Max in October that killed 189 people after the plane dove into the Java Sea in Indonesia. Both crashes occurred shortly after takeoff.
"I don't know about you, but I don't want Albert Einstein to be my pilot," Trump wrote in a second post on Twitter. "I want great flying professionals that are allowed to easily and quickly take control of a plane!"
Regulators in China, Mexico, Indonesia, Australia and the United Kingdom have all grounded the aircraft. On Tuesday, a regulator in Vietnam said it would not license Boeing 737 Max aircraft in the country, according to Xinhua, a Chinese news agency. Companies in Vietnam had placed orders with Boeing to purchase the aircraft last month during Trump's summit with North Korean leader Kim Jong Un in Hanoi.
Boeing shares have fallen steeply as questions have mounted about the company's popular new jetliner. The company's shares were down 6 percent in morning trade on Tuesday.
Boeing said Monday a software update was in the works and would be ready by April.
A spokesperson for the company told NBC News that CEO Dennis Muilenburg spoke with Trump shortly after he posted the tweets. Muilenburg "made it clear he is absolutely confident in the safety of the airplanes," the spokesperson said.