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 Cheesecake Factory on Wednesday reported fourth-quarter earnings of $57.7 million.
On a per-share basis, the Calabasas Hills, California-based company said it had profit of $1.24. Earnings, adjusted for pretax gains, were 53 cents per share.
The results met Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was also for earnings of 53 cents per share.
The restaurant chain posted revenue of $571.8 million in the period, beating Street forecasts. Eight analysts surveyed by Zacks expected $566.6 million.
For the year, the company reported profit of $157.4 million, or $3.27 per share. Revenue was reported as $2.26 billion.
Cheesecake Factory shares have dropped 4 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $46.23, a decrease of 24 percent in the last 12 months.