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
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
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
Walmart shares fell more than 1 percent Thursday after a former executive filed a federal court lawsuit claiming the retailer issued misleading e-commerce results.
Tri Huynh, a former director of business development at Walmart, who had also worked at Amazon, says in the suit filed in San Francisco that he was terminated by the company under false pretenses in 2017.
Huynh said he tried to raise concerns about Walmart's "overly aggressive push to show meteoric growth in its e-commerce business by any means possible — even, illegitimate ones."
He accuses Walmart of acting in ways that were "violations of the law" in a race to keep up with Amazon, prompting him to speak out.
Bloomberg first reported on the news.
Walmart in a statement to CNBC said that it intends to "vigorously defend" itself against these claims.
"This litigation is based on allegations by a disgruntled former associate, who was let go as part of an overall restructuring," Walmart said.
"We take allegations like this seriously and looked into them when they were brought to our attention. The investigation found nothing to suggest that the company acted improperly."
Huynh claims the retailer mislabeled items on its website so that third-party vendors were paid lower commissions, sent customers the wrong orders, and forced merchants to deal with greater returns.
Walmart also overlooked basic internal controls, according to his suit, which was reviewed by CNBC.
Walmart's e-commerce growth has skyrocketed ever since the company acquired Jet.com a little more than a year ago.
In the first quarter of fiscal 2018, the company's online sales jumped more than 60 percent.
However, in the most recent quarter, e-commerce sales were only up about 23 percent, igniting fears that investments had cooled.
Huynh claims he saw "more and more troubling information" at Walmart following the Jet acquisition.
"A high percentage of the product sale lists between Jet.com and Walmart.com overlapped – that is, they contained redundant SKUs," the lawsuit says.
"Yet Wal-Mart was reporting the redundant SKU numbers as if they were separate, non-redundant, thereby misrepresenting and artificially and falsely inflating SKU growth numbers."
— CNBC's Courtney Reagan contributed to this report.