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 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
Stasior left Apple earlier this year. Prior to his time in charge of Siri, he was a top executive at Amazon.Technologyread more
Check out the companies making headlines midday Thursday:
Facebook — Shares of the social media giant jumped more than 5.5% after the company reported better-than-expected revenue for the first quarter. Facebook said monthly active users — a key metric for the company — topped expectations at 2.38 billion.
3M — The Dow Jones Industrial Average component fell 13% after its quarterly earnings and revenue missed analyst estimates. 3M reported adjusted earnings of $2.23 per share on revenue of $7.863 billion. Analysts polled by Refinitiv expected a profit of $2.49 per share on sales of $8.025 billion. The company also cut its guidance for 2019 and announced layoffs for 2,000 workers.
American Express — American Express shares rose 1.6% after an analyst at Morgan Stanley upgraded it to overweight from equal-weight. The analyst cited strong revenue growth moving forward for the upgrade.
United Parcel Service — Shares of the shipping giant dropped 8.1% after missing its earnings and revenue missed Wall Street forecasts. Snowstorms and heavy flooding in the Midwest disrupted operations last quarter, and UPS said it incurred roughly $80 million in extra costs to deal with those severe weather conditions.
Southwest Airlines — The airline's shares rose 0.8% after the company's quarterly results beat analyst expectations despite taking a hit from the prolonged grounding of Boeing's 737 Max jets. The grounding, coupled with the impacts of the U.S. government shutdown, forced Southwest to cancel more than 10,000 flights last quarter.
Comcast — Comcast shares climbed 2.6% after reporting first-quarter earnings that surpassed expectations. The media company reported adjusted earnings per share of 76 cents versus 68 cents expected in a Refinitiv survey. CNBC also reported, citing sources, that Comcast is in talks with Disney to sell its 30% stake in Hulu.
Tesla — Tesla shares fell 4.3% after posting disappointing first-quarter results. The automotive company reported a loss of $2.90 on revenue of $4.54 billion. Refinitiv estimates expected a loss of 69 cents on revenue of $5.19 billion. The company noted weakening demand for electric vehicles.
Microsoft — The tech giant's stock climbed 3.3% on the back of stronger-than-forecast quarterly numbers. Microsoft reported earnings per share of $1.14 on revenue of $30.6 billion. Analysts polled by Refinitiv expected a profit of $1 per share on sales of $29.84 billion. The company's results were driven by a strong performance in its cloud computing business, which saw sales grow by 41%.
Disclosure: Comcast is the parent company of NBCUniversal, which owns CNBC.