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
Chinese authorities are finally coming to terms with a lower rate of growth as the trade war with the U.S. takes its toll, an economist told CNBC on Tuesday.
As Beijing continues to tamp down debt at home, "the government is finally accepting lower growth," said Jian Chang, the chief China economist of Barclays.
After all, "we did hear them talking about high quality of growth, and also we see that they've maintain a fair amount of determination in continuing with deleveraging goals despite the fact that they are prioritizing stability in near-term," Chang said at the Barclays Asia Forum.
Predicting a long standoff in the U.S.-China trade war, Chang said the direct impact from the tit-for-tat tariffs and reduction in Chinese export growth could shave 0.5-1 percent off China's growth.
China's economy grew 6.9 percent in 2017.
Barclays is forecasting 6.7 percent economic growth for China in 2018 and 6.5 percent in 2019. The Chinese government's official growth target for 2018 is around 6.5 percent.
Despite escalating trade tensions with the U.S., Chinese data shows the economy has held up so far — mostly due to exporters benefiting from increased orders before the tariffs hit, but the figures are likely to show stress in the months ahead, said Chang.
"We have to consider an indirect impact as a result of these trade tensions between two largest economies in the world bringing down external demand and global growth down the road," added Chang.
It's a tough act.
"They have to balance their priorities between diffusing financial risk, maintaining the direction of deleveraging while paying more attention to (their) pace and intensity," said Chang, adding that Beijing also had to maintain stability in growth, employment and the markets.