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
Check out the companies making headlines after the bell:
Fabrinet shares surged more than 6 percent after the bell on the back of stronger-than-expected earnings. The electronics manufacturer posted quarterly earnings per share of 81 cents versus a Reuters estimate of 71 cents. CEO Seamus Grady said the results were driven in part by "strong growth from non-optical communications products, with a particularly notable performance in the industrial laser and automotive markets."
Nordson's stock fell more than 6 percent in after-hours trading after the company reported mixed quarterly results. Nordson posted adjusted earnings per share of $1.60 for its fiscal third quarter, in line with expectations. Sales totaled $581.2 million, below a FactSet estimate of $590.8 million. The adhesives and coatings manufacturer also issued weaker-than-expected revenue guidance for fiscal fourth quarter. Nordson said it expects sales to range between $550 million and $573.9 million, below a FactSet forecast of $588.8 million.
Hertz shares fell more than 1 percent after announcing CFO Tom Kennedy is resigning from his post. Jamere Jackson, who previously worked as Nielsen Holdings' chief financial officer, will replace Kennedy starting Sept. 10, 2018.
Cree's stocks dropped more than 3 percent after announcing a convertible-note offering of $500 million. The notes will be convertible to cash, common Cree shares, or a combination of the two, the company said in a press release. Part of the proceeds will be used to help with the expansion of its Wolfspeed unit which, among other things, makes compounds found in radar systems.