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
Ming-Chi Kuo of TF International Securities, the most widely followed Apple analyst on Wall Street whose calls typically move the stock, says demand for iPhones is falling way short.
Here are his new forecasts in a new note Friday:
Kuo's note is titled, "2019 iPhone shipments likely to be under 190 million units." That would fall well short of FactSet's consensus analyst estimate of 212 million iPhone units shipped for the calendar year 2019.
Apple shares dropped 3.2 percent on Friday, bringing their decline for the quarter to more than 26 percent.
The analyst, known for having close ties to Apple suppliers, cites lower demand for the new iPhone XR, the more affordable iPhone.
"The increase in orders of legacy iPhone models cannot offset the decline of XR and XS series shipments because of the low season impact," he said.
Apple's iPhone shipments missed Wall Street estimates last quarter. It also said in November it will stop reporting individual sales numbers for the iPhone.
Kuo said in his note the suppliers are likely to "face growth challenges" because of the decline in iPhone shipments.