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 Treasury's Committee on Foreign Investment in the United States said Sunday it has confirmed the national security concerns it has raised about the deal and said it would consider further action, including referring the matter to President Donald Trump.
Broadcom is battling for board seats at Qualcomm, which has resisted its hostile takeover attempt. The government has said it is concerned about Qualcomm's ability to maintain a competitive edge over China in mobile network development, citing Broadcom's reputation for cutting research spending.
In response to that claim, Broadcom said earlier this month it is fully cooperating with CFIUS and was "absolutely committed" to making the combined company a leader in 5G technology, the next generation mobile network.
Sunday's letter to lawyers for the two chipmakers said Broadcom violated the government's previous order by making moves to relocate its headquarters to the United States from Singapore without giving CFIUS five days notice, as required. Broadcom made these moves three times, according to the letter, which was reported by CNBC's David Faber on Monday.
The investigation should be ending soon, the CNBC report said. If Broadcom moves its headquarters before the review is over, CFIUS could potentially lose its jurisdiction over the deal.
Broadcom officials are meeting with CFIUS on Monday to tell them why it should not refer the deal to the president to be blocked, CNBC reported.
Shares of Broadcom rose 2.9 percent on Monday, while shares of Qualcomm dipped slightly, down 0.9 percent.