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
China's pursuit of the Middle East may spur growth in the Islamic finance sector.World Economyread more
Twitter and Facebook have suspended accounts believed to be tied to a state-backed disinformation campaign originating from inside China.Technologyread 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
Beijing will lower borrowing costs for companies, but that may not boost the economy as much as some hope.China Economyread 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 mostly traded higher Tuesday morning as minutes from the Reserve Bank of Australia's July meeting were released. The People's Bank of China also published its...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
Check out the companies making headlines before the bell:
United Technologies — The aerospace company reported an adjusted $1.91 per share for the first quarter, 20 cents a share above estimates. Revenue also came in above Wall Street forecasts, and the company raised its full-year outlook.
Coca-Cola — The beverage giant beat estimates by 2 cents a share, with adjusted quarterly profit of 48 cents per share. Revenue came in above forecasts as well. Coca-Cola benefited from improved sales of water and new soft drink flavors.
Procter & Gamble — The consumer products maker earned an adjusted $1.06 per share for its latest quarter, 3 cents a share above estimates. Revenue topped Wall Street forecasts and P&G raised its organic sales growth outlook.
Verizon — Verizon earned an adjusted $1.20 per share for the first quarter, 3 cents a share above estimates. Revenue was slightly below forecasts, however, but Verizon did boost its full-year guidance.
Twitter — Twitter's quarterly earnings came in at an adjusted 37 cents per share, well above the consensus estimate of 15 cents a share. Revenue also beat forecasts. Twitter's monetizable daily users — a new metric — rose by eight million to 134 million, also exceeding analysts' forecasts.
Hasbro — The toymaker reported a quarterly profit of 21 cents per share, surprising analysts who had expected an 11 cents per share loss. Revenue was well above expectations, and the company said its overall results were helped by cost savings and higher profit margins.
Lockheed Martin — The defense contractor earned $5.99 per share for the first quarter, well above the consensus estimate of $4.34 a share. Revenue also came in above Wall Street forecasts and Lockheed Martin raised its full-year outlook.
Harley-Davidson — Harley earned 80 cents per share for the first quarter, beating the consensus estimate of 65 cents per share. Revenue beat forecasts, as well, and Harley's U.S. market share increased.
Whirlpool — Whirlpool reported adjusted quarterly profit of $3.11 per share, beating the consensus estimate of $2.86 a share. Revenue fell below forecasts, however. Whirlpool said it expected lower costs from tariffs and raw materials this year.
Tesla — CEO Elon Musk said the automaker's robotaxis with no human drivers would hit some U.S. markets next year. He made the pronouncement at an investor webcast presentation. Musk also said: "It's financially insane to buy anything other than a Tesla," says the CEO of the electric auto maker. It would be like owning a horse in three years. "
Sprint — Sprint and AT&T have settled a lawsuit in which Sprint had accused its rival of deceptive advertising over its "5G E" branding. Terms of the settlement weren't announced, but an AT&T spokesman told CNBC that the two sides have "amicably" settled the matter.
Facebook — Facebook hired State Department lawyer Jennifer Newstead as its general counsel, and also named former Microsoft public relations chief John Pinette as its new vice president of global communications.
PG&E — PG&E will add another director to its board with experience in the utility industry, as well as adding a safety specialist as an executive advisor. The moves are part of an agreement by the California utility with activist investor BlueMountain Capital Management.