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
GOP Rep. Devin Nunes, a staunch defender of President Donald Trump, defeated challenger Democrat Andrew Janz in California's Republican-leaning 22nd Congressional District, according to NBC News.
Nunes, currently chairman of the House Intelligence Committee, became a political lightning rod after authoring the once-secret memo alleging government surveillance abuses by the FBI and Justice Department during the 2016 election. He will lose that seat, as Democrats are projected to win the majority in the chamber. Ranking Democrat Adam Schiff is expected to be the next chairman of the panel.
Nunes, an eight-term incumbent, received about half of his campaign money from out-of-state donors and more than $1 million from corporate donors, according to OpenSecrets.org.
The 22nd District — where Republicans have a 10 percentage point advantage in voter registration — is spread across Fresno and Tulare counties in the San Joaquin Valley, an agricultural region facing a return of drought conditions. Water has been a hot-button issue in the district, and Janz's campaign aired ads claiming Nunes left the farm region "high and dry" by pushing legislation that favored corporate mega-donors over people.
Meantime, NBC News also reported California's 23rd Congressional District GOP Rep. Kevin McCarthy, House majority leader, won re-election Tuesday after defeating Democratic challenger Tatiana Matta, a school board member. The district includes portions of the southern San Joaquin Valley, including Kern and Tulare counties, as well as parts of northeastern Los Angeles County.
McCarthy is another of Trump's strongest allies on Capitol Hill.