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 after the bell:
Netflix fell more than 12% in after-hours trading following the release of its second-quarter earnings. The streaming giant reported global net adds of 2.7 million — much lower than earlier stated guidance of 5 million — and blamed its content slate for the shortfall. The company reported earnings per share of 60 cents on revenue of $4.92 billion. Analysts were expecting earnings per share of 56 cents on revenue of $4.93 billion, according to Refinitiv.
Shares of IBM rose as much as 4% before losing those gains and falling 1% after the company's second-quarter earnings report. Results were better than analysts expected, but the stock gave up its gains during the company's earnings call. The technology services company reported second quarter earnings per share of $3.17 on revenue of $19.16 billion. Analysts surveyed by Refinitiv had expected earnings per share of $3.07 on revenue of $19.16 billion. The company's CEO Ginni Rometty, noted strong performance across IBM's Cloud and Cognitive Software Segment.
eBay rose 6% after the e-commerce company's second-quarter earnings beat expectations. Excluding one-time items, eBay reported earnings of 68 cents per share on revenue of $2.69 billion. Analysts had expected earnings per share of 62 cents on revenue of $2.68 billion, according to Refinitiv.
Kinder Morgan fell 2% after its second-quarter earnings just missed Wall Street's estimates. The energy company reported adjusted earnings per share of 22 cents on revenue of $3.59 billion. Analysts polled by Refinitiv were expecting earnings per share of 24 cents on revenue of $3.59 billion.
United Rentals fell 6% after the holding company cut its 2019 revenue outlook to a range of $9.15 billion to $9.45 billion, compared to its prior outlook of between $9.15 billion and $9.55 billion. The company reported adjusted earnings per share of $4.74 on revenue of $2.29 billion. Analysts had expected earnings of $4.46 on revenue of $2.27 billion, according to Refinitiv.
Shares of Wayfair fell 4% after the online furniture retailer announced its COO James Savarese and CTO John Mullike will retire in 2019.