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
President Donald Trump on Wednesday said he would not personally benefit from the Republican tax reform plan unveiled Wednesday.
"I don't benefit, no," Trump replied to a reporter who asked him whether he would get a tax cut under the current framework. "My plan is for the working people, and I think very, very strongly, there's very little benefit [in it] for people of wealth."
But economists and tax experts disagreed.
"The idea that this plan would help average Americans instead of the wealthy and big corporations has been a hoax all along," Frank Clemente, executive director of Americans for Tax Fairness, told CNBC's Ylan Mui. Clemente called the plan "a big giveaway to millionaires and corporations."
And while a number of details of the plan remain to be hammered out, the initial framework contains a number of provisions that, on their face, appear to benefit either business owners or the wealthiest Americans -- Trump is both.
These include a reduction of the top individual tax rate, a repeal of the estate tax, and a massive reduction in the corporate tax rate.
Trump, the billionaire owner of a family real estate corporation, has boasted for years about how little he manages to pay in taxes, thanks to savvy accounting practices.