Wall Street analysts think Facebook's cryptocurrency payments project will give the company a big boost.Marketsread more
Facebook's reported move into cryptocurrency could amount to the biggest catalyst for digital assets in their decade-long history, some crypto investors say.Bitcoinread more
In a 7-2 ruling, over dissents from Justices Ruth Bader Ginsburg and Neil Gorsuch, the justices affirmed the so-called "dual sovereignty" exception to the Constitution's...Politicsread more
A recent Fed survey showed that workers' confidence for finding a new job after losing their current position was at 61.5% in May.Economyread more
The Fed is expected to cut rates multiple times, but the reason behind those cuts could have vastly different implications for the market.Marketsread more
The "captive carry flight test" evaluates the mock weapon during flight and is the Air Force's latest step amid the budding hypersonic arms race between China and Russia.Politicsread more
"This is going to be the biggest thing that's happened to Facebook in years," says CNBC's Jim Cramer. "It will be vital."Investingread more
Airbus recorded orders and options for 123 planes, according to the aviation consulting firm IBA.iQ.Airlinesread more
European aircraft manufacturer Airbus is betting travelers will want to fly long distances on smaller jets with the launch of its Airbus A321 XLR.Airlinesread more
The action reflects the evolving dynamic for U.S. companies that have done business with Huawei, which has been caught in the middle of growing U.S.-China trade tension.Technologyread more
The announcement comes after Trump blasted three countries because thousands of their citizens had sought asylum at the U.S. border with Mexico.Politicsread more
CBS reported quarterly earnings and revenue that beat analysts' expectations on Monday.
Here's how the company did compared to what Wall Street expected:
In the year-ago period, CBS reported adjusted earnings per share of 93 cents on revenue of $2.98 billion.
Entertainment revenue came in above analysts' expectations. The segment brought in $2.18 billion, above the $2.02 billion that analysts had projected according to StreetAccount.
CBS said that the better-than-expected performance was driven by strong revenue growth in affiliate and subscription fees. In the second quarter, the company saw $848 million in fee revenue. That figure represents a 38 percent year-over-year growth for the business.
CEO Les Moonves said the return of "Twin Peaks" helped boost Showtime subscriptions "dramatically."
Growth in CBS' subscription service fees has gained importance amid cord-cutting concerns and declining ad revenue. But in the second quarter, CBS saw advertising revenue grow 6 percent year over year.
Moonves said in a statement that CBS has benefited from recent "skinny bundle" deals with other providers as well as its own streaming services such as CBS All Access and Showtime. Moonves also said those in-house services are on track to hit 4 million subscribers by the end of the year.
CBS All Access will also expand globally, starting with Canada by the end of 2018, the company said in a statement.
Monday morning, AT&T and CBS announced an agreement in which CBS, as well as the CW, Showtime, CBS Sports and Pop, will be available on AT&T's DirecTV Now live streaming service.
After the earnings release, CBS shares were little changed in after-hours trading.
Shares of CBS have gained more than 23 percent over the past 12 months, but are down about 1.5 percent over the past three months.