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 Millennial generation, or those aged between 16 and 35, are earning less than previous generations - the first time this have ever happened - and are less likely to own a home, according to a new report.
The report, "Stagnation Generation", calls for the social contract between young and old generations to be renewed, as millennials are at risk of becoming the first generation to earn less over their lifetime than earlier generations.
According to the report, in the U.K. today's 27 year olds are earning the same amount as a 27 year old would have 25 years ago.
"A typical millennial has actually earned £8,000 ($10,587) less during their twenties than those in the preceding generation – generation X," the report claims.
And while several generations were hit by the financial crisis of 2007-08, young people have experienced the biggest pay squeeze. For instance, while median hourly pay in the U.K. has shrunk 8.9 percent for all employees between 2009 and 2015, pay for those aged 22-29 has shrunk 12 percent, more than any other age group, according to figures from the U.K.'s office of National Statistics.
Other areas of concern related to pensions and home ownership.
For instance, younger generations are much less likely than those older than them to have access to generous defined benefit pension schemes; according to the report, these schemes received average employer contributions of 15.8 percent, compared to 2.9 percent for defined contribution schemes.
"The pay of today's workers has been suppressed by firms filling deficits in defined benefit pension schemes that provide for older or retired workers," the report said. "Some estimates suggest that as much as £35 billion is being diverted to this effort each year by businesses."
Meanwhile, young people are failing to get onto the property ladder. The report claims someone from the baby boomer generation at the age of 30 was 50 percent more likely to own their own home than a millennial of the same age.
"Millennials are spending an average of £44,000 more on rent in their 20s than baby boomers did," the report warns.
The report, published this week, was produced by the Intergenerational Commission, a group of business leaders, academics and policy experts which is tasked with examining the issue of intergenerational justice. The Commission is run by an independent think tank, the Resolution Foundation.
Follow CNBC International on and Facebook.