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
The Powerball jackpot, already the largest lottery prize in U.S. history, is now at $900 million.
No one selected all the numbers in Wednesday night's drawing, when the jackpot was $500 million. The next drawing is at 10:59 p.m. ET Saturday.
Lottery officials said on Saturday that if no one wins in the current drawing, the next pool of cash would be worth $1.3 billion on Wednesday.
Powerball jackpots start at $40 million and grow until the big prize is won. The current jackpot has been on since Nov. 7, after 18 drawings without a big winner. The odds of matching all the numbers is 1 in 292.2 million.
"This is truly exciting and uncharted territory," said Gary Grief, executive director of the Texas Lottery and chair of the Powerball game group.
Falsetta's Market on Washtenaw Avenue in Ann Arbor, Michigan, has seen new ticket buyers coming out of the woodworks since the Powerball lottery soared to an all-time record high.
"Yesterday was huge," manager Matt Devereux said of the run-up to Wednesday night's drawing, when no one won the jackpot which then stood at $500 million.
"A lot of people who don't normally play, and who very, very rarely play, were buying."
Devereux said that type of payout was pulling in more elderly buyers than he normally sees, and the amount being spent on tickets was as much as five times higher than usual, with most people spending $10 or $20.
That kind of influx of money was being reported in other states as well, Reuters reported.
The previous U.S. record jackpot was $656 million in a Mega Millions drawing in March 2012. The largest Powerball prize was a $590.5 million jackpot won by a Florida woman in May 2013.
Powerball tickets are sold in 44 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands.
— CNBC's Anita Balakrishnan contributed to this report.