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
Oil surged above $30 a barrel temporarily in the biggest relief rally in three months, but crude has still not found a floor and U.S. economic data and earnings season could play a big role in driving prices in the near term.
Oil and other risk assets were boosted Thursday by dovish comments from European Central Bank President Mario Draghi, who said it would be necessary to review the central bank's monetary policy stance in March. That sparked expectations of more quantitative easing from the ECB.
Crude settled up 4.2 percent Thursday at $29.53 per barrel after rising more than 6 percent earlier in the session. Traders also found a silver lining in an otherwise bearish U.S. government inventory report which showed a build in oil supplies and another big 4 million barrel build in gasoline supplies. Encouraging to bulls, however, was the increase in distillate demand and drawdown of 1 million barrels in distillates, or diesel and heating oil.
"Our view is that prices should average in this range for the quarter," said Michael Cohen, head of energy commodities research at Barclays. "We don't see levels below this as being sustained. This is in line with our forecast. We also think the market is prone to these types of moves, given the positioning."