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
Wealth managers, academics and psychologists have debated for centuries the question of "how much is too much?" when it comes to inheritances.
Now, there's an answer: $63 million.
Families worth $100 million or more said that on average an inheritance of $63 million is "too much" for the sole heir of an estate, according to a study from Bank of America's Merrill Lynch unit. An inheritance of $26 million was "too little."
What does "too much" mean?
The study said that among those $100 million families, 46 percent said "too much" is best defined as an inheritance that "provides a disincentive for the recipient to achieve their full potential." Another 35 percent defined it as a more fluid number that depends "on the individual" receiving the money. And 22 percent said "no amount is too much."
Merrill Lynch labels the threshold at which an inheritance does more harm than good as "the crossover point." But the crossover point really depends on the recipient.
Read MoreHollywood's top 10 art collectors
"When trying to pinpoint a crossover point between too much and not enough, investors often think of dollar amounts rather than impact," the report said. But "when it comes to how much is too much, it appears there may be no one-size-fits-all answer."
Or as Warren Buffett says, the wealthy should leave their kids enough that they can do anything, but not so much that they can do nothing.