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
Check out the companies making headlines after the bell:
Shares of Cisco Systems rose more than 2.5% in extended trading Wednesday after the networking hardware company reported better-than-expected fourth quarter results. Cisco reported earnings of 78 cents per share, 1 cent above Wall Street's estimates, and revenue of $12.96 billion, $70 million above estimates.
The company also gave strong guidance for the fourth quarter with estimated earnings per share and revenue both coming in higher than Refinitiv consensus estimates.
Farfetch stock fell 4% after the luxury online retailer reported mixed first-quarter results. Farfetch reported a loss of 22 cents per share, worse than the expected loss of 16 cents per share, and revenue of $174.1 million, higher than the expected $171.1 million, according to Refinitiv consensus estimates. The retailer reported a gross merchandise volume of $419 million, compared with analyst estimates of $407 million.
Shares of Agios Pharmaceuticals surged more than 12% in after-hours trading after the drug maker announced the completion of the the third phase of a global trial for its cancer medication Tibsovo. The medication showed a statistically significant improvement in leukemia patients whose cancer is at an advanced stage.
The company plans to present a full analysis of the trial to the European Society for Medical Oncology Congress later this year, and will submit a new drug application by the end of 2019.
Virtusa stock plummeted nearly 24% after the information technology company reported fourth-quarter results that missed on the top and bottom lines. The company reported earnings of 46 cents per share on revenue of $328 million, while analysts surveyed by Refinitiv had expected earnings of 62 cents per share on revenue of $331 million. Virtusa also issued EPS and revenue guidance for the first quarter and for the 2020 fiscal year that came in below Wall Street estimates.
Shares of Flowers Foods jumped 5% after the baked foods maker reported its quarterly sales jumped 4.8% to $1.26 billion.
Dillard's stock tanked 8% after the retailer reported first-quarter earnings. Dillard's reported earnings of $2.99 per share and revenue of $1.5 billion, in line with expectations.