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
The new ICBM, called the Hwasong-15, was ordered by leader Kim Jong Un and is the country's the most powerful missile so far, according to a televised broadcast. It added that the nation's missile program will not threaten any country as long as they do not infringe on North Korea's sovereignty.
The statement also confirmed details about the Hwasong-15 launch, which it described as successful: The device was fired at a lofted trajectory, hit an altitude of 4,475 kilometers and flew 950 km during a 53-minute flight. These statistics were already known by the international community.
In July, Pyongyang tested an ICBM known as the Hwasong-14 that was believed to be capable of hitting a bit more than half of the continental U.S.
Kim's administration also said that it had "realized great historic cause of completing state nuclear force," South Korean news outlet Yonhap News reported.
Ahead of Wednesday's statement, many experts said the latest ICBM was capable of reaching the U.S. if it had flown on a flatter trajectory. But even if the Hwasong-15 is able to enter U.S. airspace, that doesn't mean Pyongyang is capable of striking the world's largest economy with a nuclear weapon.
"We don't know what payload it carries so it's not clear it can carry a nuclear warhead to that range," David Wright, co-director of the global security program at the Union of Concerned Scientists, a non-profit advocacy group, told CNBC.
"The real question is: how small North Korea has made a nuclear warhead and whether it can carry a warhead like that on the missiles it makes."