The IMF trims its economic growth forecast again as the U.S.-China trade war continues, Brexit worries linger and inflation remains muted.Economyread more
Citigroup thinks Tesla investors hoping for a post-earnings rally later this week should scrutinize a pair of related financial metrics.Investingread more
Olive branches were extended from both China and the U.S. as the two nations are set to restart face-to-face trade negotiations after a monthlong truce.Marketsread more
Coca-Cola topped Wall Street's expectations for earnings and revenue.Food & Beverageread more
New disclosures show Facebook and Amazon each spent more than $4 million on lobbying activity in the second quarter of 2019.Technologyread more
Boris Johnson, one of the biggest voices in the Brexit movement, wins the Conservative Party leadership race by a 2-1 margin.Europe Politicsread more
Disney can nearly double its earnings by 2024, Morgan Stanley said in a note to clients on Tuesday.Investingread more
Amazon is expected to report its second-quarter earnings on Thursday.Investingread more
The largest residential brokerage company in the U.S. is partnering with the largest online retailer in a strategy to boost sales for both.Real Estateread more
Here are the biggest calls on Wall Street on TuesdayInvestingread more
Canaccord Genuity's Tony Dwyer believes stocks are about to fall as much as 5% from their all-time highs.Trading Nationread more
Today's major home builders are focused on incorporating the most green features and technologies available. Today's home buyers demand it. But what could be more green than recycling an old, defunct property and turning it into something useful again?
Barns, churches, factories; these properties are unique—and uniquely positioned to provide potential home buyers a way out of cookie-cutter housing developments. Some are in coveted downtown areas of major cities, while others offer size and dimension that no modern home builder would ever attempt. They have been refurbished and retrofitted, but still hold onto the characteristics of their former purpose.
These clever conversions often command a hefty price tag because the interior rehabs can be far more high-end than regular new-builds. They are usually a labor of love by the buyer, who has the vision to take, perhaps a water filtration plant and turn it into a home. When turned around for sale, the original renovator will want credit beyond just the number of bedrooms and baths.
The good news for this tiny segment of the housing market is that high-end homes are selling best right now. As the rest of the housing recovery falters, homes priced above $1 million were the only segment of the market in June to see a sales gain over last year, according to the National Association of Realtors.
On Tuesday, CNBC reporters were fanned out to six different properties that had been reclaimed from their former purposes and converted to single family homes. In a twist to the "Million Dollar Home Challenge," this time, starting on "Squawk Box, " viewers will vote live during the segment to determine which home gives the most bang for its renovation bucks. The winner will be crowned on "Closing Bell. "
—By CNBC's Diana Olick.