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
Despite a disappointing outlook for 2015, IBM CFO Martin Schroeter said Wednesday the company's latest earnings report reflects its fast-growing cloud business.
"We saw a $7 billion cloud business for us last year growing at 60 percent," he said on CNBC's "Squawk Box." "For us, that's a pretty big growth number on a pretty substantial business."
Schroeter added that the growth rate puts the company "at the forefront of cloud service providers. We see a lot of signs that the business is on the right trajectory and our strategy is really paying off."
He spoke a day after IBM posted earnings of $5.81 per share, 40 cents higher than expected, but the company's stock dropped because of a disappointing 2015 outlook. It was down more than 2 percent Wednesday morning. (Click here for the latest price.)
Big Blue also disappointed investors last year by being the worst-performing stock in the Dow Jones 30 Index. Nevertheless, Schroeter said, IBM's future looks bright. "We feel very good about how we're starting the year," he said. "We've got about $25 billion in revenue in our strategic imperatives, and the rest of the business in total is still delivering very high value."