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
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
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
Amazon is expected to report its second-quarter earnings on Thursday but one analyst at BMO is warning investors that Wall Street's estimates for the next quarter "are too high," especially for the company's operating income (OI).
"We think 3Q OI guidance will come in below consensus as we do not believe consensus properly reflects the fact that 3Q is often a heavy investment period and continued investment in one-day shipping," BMO analyst Daniel Salmon wrote in a note on Tuesday.
BMO expects that in its coming earnings report that Amazon will note about $850 million in spending for the third quarter, "related to the move to one-day shipping," Salmon said. Despite the caution, BMO told investors to buy "any pullback" in the stock if the forecast does come in lower than expected. The firm has an outperform rating on Amazon shares with a price target of $2,250.
"We continue to view Amazon as a structural Outperform due to the positive revenue mix shift of adding higher-margin businesses like AWS and advertising which we believe will support margin expansion over the long term," Salmon said.
– CNBC's Michael Bloom contributed to this report.