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
Socialism used to be a scary word in the U.S.
Presidential hopeful Sen. Bernie Sanders, I-Vt., and freshman Rep. Alexandria Ocasio-Cortez, D-N.Y., have helped to catapult it back into mainstream American politics.
Both are self-proclaimed Democratic Socialists who have tapped into a huge and angry voting bloc of the country's disillusioned youth by promising radical and progressive changes to the system. But this swell of popularity for anti-capitalist political ideas has also triggered new fervor against socialism.
President Donald Trump has already started to capitalize on the ideological rift within the Democratic Party by weaponizing the word socialism. "America will never be a socialist country," he told a crowd at the Conservative Political Action Conference in March. "We believe in the American dream, not in the socialist nightmare."
Still, as the policy ideas of Ocasio-Cortez and Sanders gain momentum, a lingering question remains: Is Democratic Socialism a fad or the future of liberal politics in the U.S.?
In this latest video explainer from CNBC, we look at the history of socialism in America, its recent surge in popularity, and whether the growing divide in the Democratic Party will play a role in the 2020 presidential race.