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
But on Tuesday, he hedged on that pledge.
After Trump's election, Mnuchin told CNBC that wealthy Americans would get no "absolute tax cut." That would mean any cuts they did get under Trump's plan — including a big drop in the top income tax rate — would be offset by closing loopholes the wealthy use.
At the Peterson Foundation Fiscal Summit on Tuesday, Mnuchin appeared to temper expectations. He said delivering a "middle-income tax cut" is the White House's "intent," but he added that he "can't say what the results will be" because of Congress.
He stated clearly that "we're not going to get that done by August" — again backing away from an earlier statement on the original timeline the White House set for tax reform.