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
A daily morning look at the financial stories you need to know to start the day
-Stock futures are higher after yesterday's modestly down day. We get weekly jobless claims numbers this morning ahead of tomorrow's big August jobs number.
-Canada's economy shrank 1.6% in the second quarter. That's Canada's worst quarter in more than seven years.
-Crude prices are a bit down and holding at the $44/barrel level after yesterday's big losses.
-Gasoline prices held steady overnight at $2.22/gallon.
-Today's LA Times/USC poll shows Donald Trump leading Hillary Clinton by 2.6 percentage points. Other polls, including the latest Reuters and FOX News surveys, show the race at a virtual tie.
-After yesterday's meeting with Mexico's president in Mexico City, Trump returned to the US and gave a fiery speech on illegal immigration.
APPLE TAX WARS
-Apple CEO Tim Cook says Apple will repatriate billions of dollars back to the US from overseas next year. But he deftly did not specify just how many billions. He also called the EU's move to negate Ireland's low tax rates for Apple, "total crap."
-Twitter shares are on the rise again on new merger buzz.
-A new report says the US and other countries secretly agreed to allow Iran to avoid immediately adhering to last year's nuclear deal in order to give Tehran economic sanction relief faster.
-The Obama administration has decided to extend its bombing campaign against ISIS in Libya for another month.
-Allied bombing campaigns in the Middle East have been going on for so long, the Pentagon is now buying about 17,000 new bombs for our Middle Eastern allies from General Dynamics.
-The Obama administration confirms it will only approve a 1.6% pay raise for US troops.
-EpiPen maker Mylan has a bonus structure that only significantly rewarded executives who met very high profit margins.