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
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Canaccord Genuity's Tony Dwyer believes stocks are about to fall as much as 5% from their all-time highs.Trading Nationread more
Peabody Energy, the largest U.S. coal producer, said it may have to seek Chapter 11 bankruptcy protection after it delayed an interest payment due on Tuesday.
Falling demand for coal, tough environmental controls and growing competition from natural gas have pushed several big coal miners, including Arch Coal, into bankruptcy protection over the past year.
Peabody, which flagged bankruptcy risk under the "risk factors" section of a regulatory filing on Wednesday, said it skipped a $71.1 million interest payment on its senior notes, kicking off a 30-day grace period.
The company raised "substantial doubt" about its ability to remain a going concern.
Peabody's lenders are pushing the company to restructure its debt through bankruptcy but the company has also been pursuing bond exchanges.
As of Dec. 31, the company had a total debt of $6.3 billion and cash and cash equivalents of $261.3 million.