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
Having shifted the world toward online buying, Amazon's physical bookstores may have you scratching your head — until you consider the "amazing" branding, analysts told CNBC's "Closing Bell " on Friday.
"It certainly makes sense from a branding perspective," said Daniel Kurnos, analyst at Benchmark. "This is about showroom-ing. They can highlight their product line-up as they continue to battle for living room share."
Amazon is planning three more physical bookstores, expanding its current Seattle offering to Chicago, San Diego and Portland, the Financial Times confirmed on Thursday. The company, which has early roots as a book e-tailer, uses its Seattle store to sell both books and Amazon electronics like Kindles, Fire TV and Echo, the Financial Times said.
The stores could help Amazon get more consumer data and acquire subscribers to its membership service, Prime, according to Alasdair McLean-Foreman, CEO of Teikametrics, which provides e-commerce data analytics tools. He said hardware showcased in the stores, like Kindle and Fire, bring the "stickiest, most profitable" consumers into the Amazon ecosystem.
"I think it is an amazing move," McLean-Foreman said.