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
U.S. housing starts rose more than expected in April as builders ramped up the construction of single and multifamily homes, supporting views that the economy was regaining steam early in the second quarter.
Groundbreaking increased 6.6 percent to a seasonally adjusted annual pace of 1.17 million units, the Commerce Department said on Tuesday. March's starts were revised up slightly to a 1.10 million-unit rate from the previously reported 1.09 million-unit pace.
Economists polled by Reuters had forecast housing starts rising to a 1.13 million-unit pace last month. The government revised seasonally adjusted housing starts data from January 2014 through March this year.
Last month's housing starts data added to strong April retail sales in suggesting that the economy was picking up momentum after growth almost halted in the first quarter.
Housing is being supported by a buoyant labor market, which is increasing employment opportunities for young adults and in turn bolstering household formation.
In April, groundbreaking on single-family housing projects, the largest segment of the market, increased 3.3 percent to a 778,000-unit pace.
Stuart Miller, CEO of Miami-based home builder Lennar, told CNBC's Power Lunch that he has experimented with for-rent, single family communities. "Those are going extremely well," he said. He reported seeing high demand for those kinds of homes. "We will wait and see how they actually work out," he said.
Single-family starts in the South, where most home building takes place, jumped 9.0 percent to their highest level since December 2007. Single-family starts surged 12.8 percent in the Midwest, but fell in the Northeast and West.
Housing starts for the volatile multifamily segment soared 13.9 percent to a 394,000-unit pace.
Building permits rose 3.6 percent to a 1.12 million-unit rate last month. Permits for the construction of single-family homes increased 1.5 percent last month, while multifamily building permits advanced 8.0 percent.