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
Facebook's cryptocurrency project has already been met with skepticism from policymakers around the world.Technologyread 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
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
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
Three civil rights groups filed a federal lawsuit on Tuesday challenging the Trump administration's new asylum rule, which bars asylum claims from most noncitizens who travel...Politicsread more
Google VP of policy Karan Bhatia started sweating early as hearing chair Ted Cruz brings out an internal presentation created within the company.Technologyread more
At a hearing with the House Judiciary subcommittee on antitrust, an Amazon representative disputed a key argument about how it users sellers' data.Technologyread more
Bayer, the German drugmaker trying to acquire U.S. seed company Monsanto, surpassed second-quarter earnings expectations and raised its guidance for the year as strong gains in stroke prevention pill Xarelto offset sluggish farming pesticides markets.
Second-quarter profit before interest, taxes, depreciation and amortization (EBITDA), adjusted for one-off items, gained 5.7 percent to 3.05 billion euros ($3.35 billion), above the average estimate of 2.90 billion in a Reuters poll among analysts.
Bayer, the inventor of aspirin and maker of Yasmin birth control pills, said it now expected EBITDA before special items to increase by a high-single-digit percentage, where it had previously seen a mid-single-digit gain.
Sales in Eylea, the drug jointly developed with Regeneron which helps stem the loss of vision in the elderly, also exceed the market view.
But Bayer also became the latest maker of farming supplies to take a hit as depressed prices of agricultural produce such as wheat and corn have prompted growers to reduce pesticide use to a minimum. Rival Syngenta said last week that excessive rainfall in Europe, among other factors, has kept farmers from spraying.
Adjusted EBITDA at Bayer's Crop Science unit dropped 8.2 percent to a worse-than-expected 663 million euros.
Bayer last week pointed to Monsanto's recent weak business performance to champion its sweetened $64 billion offer which Monsanto's management had turned down.