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
Check out the companies making headlines midday Tuesday:
Allergan, Abbvie — Allergen jumped more than 26% after news that the pharmaceutical company would be bought by Chicago-based AbbVie. Investors sold off AbbVie as its shares fell more than 16%. The proposed deal is for $63 billion of cash and stock, excluding debt.
Microsoft — Shares of Microsoft dropped 2.5% after an analyst at Jefferies raised concern about the long-term success of the company's cloud service, Azure, relative to Amazon Web Services (AWS). "Azure will likely never see margins similar to AWS at scale, and the long-term margin of even AWS may be lower than most expect," the analyst said.
GrubHub — GrubHub gained 5% after Citi upgraded of the food delivery service to "buy" from "neutral." Citi said it sees a "more favorable " opportunity for the stock to rise, citing improvement in the company's delivery network "efficiencies" and possible partnerships with large chains.
GasLog — Shares of GasLog rose 3.2% after Stifel upgraded the natural gas transport company to "buy" from "hold," citing expectations of rising revenue for natural gas shipping vessels in the back half of the year.
Pivotal Software — The software company's stock fell 4.1% after an analyst at Bank of America/Merrill Lynch downgraded it to "underperform" from "neutral." The analyst said Pivotal faces "industry and company specific headwinds."
Shake Shack — The American fast casual restaurant's stock rose after analysts at Credit Suisse upgraded the stock to "outperform" from "neutral," citing the company's success on digital platforms and delivery services.
Kellogg — Kellogg shares slid 2.3% after an analyst at Consumer Edge downgraded them to "underweight" from "equal weight." The analyst said a roughly 20% increase in spot grain prices "foretell an H2 cost headwind to offset recent energy & freight tailwinds."