Coca-Cola shares jumped more than 4% after the company posted earnings and revenue that topped analyst expectations. United Technologies advanced nearly 2%.US Marketsread more
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
In advance of Amazon's earnings report on Thursday, Craig Johnson says the stock chart is pointing to big gains. Mark Tepper also likes the stock.Trading Nationread 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 month-long truce.Marketsread more
Lawmakers, industry representatives and advocates are testifying to the Senate committee about the challenges that cannabis companies face in states where medical or...Health and Scienceread 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 massive data breach at Equifax, one of the nation's three major credit reporting companies, may be even larger than originally thought, according to an independent investigation by a cybersecurity firm.
Mandiant, a cybersecurity investigations firm retained by Equifax to look into the breach, found that 2.5 million more U.S. consumers were potentially affected than originally estimated, bringing the total to 145.5 million.
"I want to apologize again to all impacted consumers," said Equifax's newly named interim CEO, Paulino do Rego Barros, Jr. "As this important phase of our work is now completed, we continue to take numerous steps to review and enhance our cybersecurity practices.
"We also continue to work closely with our internal team and outside advisors to implement and accelerate long-term security improvements," Barros added.
Barros took over the reigns at Equifax last week after his predecessor, Richard Smith, abruptly retired in the wake of the data breach, which was first made public on September 7. The breach has sparked multiple federal and state investigations and lawsuits.
In prepared remarks he is scheduled to make Tuesday in a hearing on Capitol Hill, Smith says he learned about the hack on July 31, but did not inform the company's board for another 20 days. He did hire outside legal and investigative experts and contacted federal law enforcement.
Smith is scheduled to appear before four panels this week, beginning with the House Energy and Commerce Committee on Tuesday.