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
Chinese police have this year uncovered $30 billion worth of illegal banking activity, involving 158 cases of underground banks and money laundering, the official Xinhua news agency reported the Ministry of Public Security (MPS) as saying late on Tuesday.
A special task force, jointly launched by the MPS, central bank, and foreign exchange regulator, uncovered illegal banking services in 192 locations, the report said.
Beijing started a crackdown on underground banks in April last year and uncovered over 170 cases of money laundering and illegal fund transfers involving more than 800 billion yuan as of last November.
China has been dogged by reports of rogue managers of P2P - shadow banking platforms - and has been criticized by local and overseas investors for being soft on money laundering, prompting authorities to take action.
The crackdown included the investigation on the country's biggest underground banking case that handled $64 billion worth of illegal transactions.
Although the crackdown has curbed underground banking to some extent, illegal activities using those "grey capital" networks are still spreading and becoming more elusive, the report said.
Underground banks are channels for transferring money obtained through illegal activity, including public funds embezzled by corrupt officials, it added.
"Criminal activities by underground banks are still rampant. There is increasing collusion among underground banks in different regions," Xinhua reported.
Follow CNBC International on and Facebook.