The largest U.S. banks are scrutinizing members of the Federal Reserve for any insight into how the central bank will tinker interest rates.Banksread more
The U.S. and China restarted their trade talks, but signs are showing a comprehensive deal could be a long way off, if it happens at all.Marketsread more
"The charts, as interpreted by Carley Garner, suggest that the upside in the stock market has gotten more limited," Jim Cramer says.Mad Money with Jim Cramerread more
U.S. President Donald Trump said Tuesday that Washington and Beijing have a long way to go on trade, adding that America could place tariffs on an additional $325 billion...Asia Marketsread more
Facebook's cryptocurrency project has already been met with skepticism from policymakers around the world.Technologyread more
Stone, 66, a notorious Republican political operative who has described himself as a "dirty trickster," had previously been dressed down by the judge for his public remarks...Politicsread more
Delta is gathering more data from customers than ever in hopes of avoiding customer service problems and increasing customer satisfaction, its CFO says.At Workread more
The Biden team's second-quarter Federal Election Commission filing shows that the campaign wrote a check of just over $5,300 on June 28 to Sheehan Associates for "strategic...2020 Electionsread more
See which stocks are posting big moves after the bell on July 16.Market Insiderread more
While the vote served as a show of solidarity for Democrats, it recommended no substantive penalty against Trump.Politicsread more
United Airlines' second-quarter profit tops estimates but questions about the 737 Max linger.Airlinesread more
German Chancellor Angela Merkel narrowly averted a far bigger rebellion last month on Greece's bailout extension among her conservatives, many more of whom would have voted 'Nein' but for her finance minister's powers of persuasion, lawmakers said.
Germany's parliament voted on Feb. 27 to extend Greece's bailout by four months, but a record number of conservative dissenters were not convinced that Athens would deliver the economic reforms it has promised.
One senior conservative told Reuters that Merkel's Bavarian allies, the Christian Social Union (CSU), "would have unanimously voted 'No'" had Wolfgang Schaeuble not solicited support during a personal appearance two days before the vote.
Another leading conservative said Schaeuble's meeting with Merkel's Christian Democrats (CDU) was equally important in securing their support at a time when confidence in the Greek government was "kaputt" in the lower house of parliament.
"The vote was hanging by a thread," the lawmaker said, on condition of anonymity.
Schaeuble is a leading advocate of the austerity measures that Greece's new left-wing government wants to scrap.
The lawmakers' comments point to a growing groundswell of discontent within conservative ranks and suggests there is a risk they would not be prepared to approve a third bailout for Greece if Athens asks for more help in future from its partners.
"The Greeks say 'We don't need a third bailout' – but they also said they wouldn't need this bailout extension," said the conservative lawmaker.
In the last vote, 29 of the 32 parliamentarians who voted against an extension for Greece came from Merkel's CDU and the CSU. In addition, 118 conservatives who voted "yes" gave personal statements signalling they would not keep toeing the party's current line unless there was a significant change.
Germans have been outraged by Athens' anti-German rhetoric, including comments from Prime Minister Alexis Tsipras vowing to seek war reparations from Berlin on the grounds that German troops occupied Greece during World War Two.
For all their dissatisfaction with Greece, however, German conservative lawmakers do tend to fall in line in the end and the popularity of Merkel in her party as well as that of CSU leader Horst Seehofer would be likely to help, analysts say.
In addition, Merkel's Social Democrat junior coalition partners and the opposition Greens voted unanimously in favor of the extension in February, suggesting they can be counted on in future for measures which offer solidarity with Greece.