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
Monthly job openings — a gauge of the U.S. economy that's closely watched by Janet Yellen — increased in July, the Bureau of Labor Statistics said on Wednesday.
Employers posted 5.9 million job openings in July, a rate of 3.9 percent, according to the Job Openings and Labor Turnover Summary (JOLTS) report. That compares to 5.62 million job openings in June, according to Thomson Reuters.
The private sector, particularly professional and business services, had more job openings in July, the report said.
The monthly report from the Labor Department — often eyed by Yellen, chair of the Federal Reserve — is a key barometer of economic conditions, measuring job postings in different sectors, and the number of hires and layoffs.
The hiring rate was steady at 3.6 percent, or 5.2 million in July. The separation rate was also little changed in July at 4.9 million — a rate of 3.4 percent.
About the same number of Americans — 3 million, or a rate of 2.1 percent — quit their jobs in July, as was reported in June.
The quits rate can serve as a measure of confidence in the economy by gauging workers' willingness or ability to leave jobs, according to the Center for Economic and Policy Research.