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
President Trump on Tuesday morning said his administration will "take a look" into Google following statements made earlier this week by billionaire tech investor Peter Thiel. Shares of Alphabet were slightly lower in pre-market trading.
"Billionaire Tech Investor Peter Thiel believes Google should be investigated for treason," Trump said in a tweet. "He accuses Google of working with the Chinese Government... A great and brilliant guy who knows this subject better than anyone! The Trump Administration will take a look!"
A White House spokesperson declined to comment on Trump's tweet.
"Number one, how many foreign intelligence agencies have infiltrated your Manhattan Project for AI (artificial intelligence)?" Thiel said, according to Axios. "Number two, does Google's senior management consider itself to have been thoroughly infiltrated by Chinese intelligence? Number three, is it because they consider themselves to be so thoroughly infiltrated that they have engaged in the seemingly treasonous decision to work with the Chinese military and not with the US military," Thiel said during the National Conservatism Conference in Washington.
On Tuesday, fellow Palantir co-founder Joe Londsdale echoed Thiel's comments on CNBC.
"Google is not a patriotic company," he said. "Everyone in [Silicon] Valley knows that the Chinese government is very involved," Lonsdale told "Squawk Alley" in an interview, though he didn't point to any clear evidence. "It's something we don't talk about a lot. It was very courageous of [Thiel] to talk about it."
"As we have said before, we do not work with the Chinese military," Google said this week in response to Thiel's comments. It reiterated that statement on Tuesday.