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:
Shares of FedEx fell more than 5 percent in extended trading Tuesday following the release of the logistic company's disappointing third-quarter earnings and weak full year outlook. FedEx posted earnings per share of $3.03 on revenue of $17.01 billion. Wall Street estimated earnings per share of $3.11 on revenue of $17.67 billion, according to Refinitiv.
FedEx also slashed its full-year guidance for the second quarter in a row citing slowing global trade. For 2019, FedEx sees earnings per share between $15.10 and $15.90, compared to the estimated $15.97.
Shares of shipping company UPS also dipped about a percent.
Tencent Music shares fell more than 7 percent after hours Tuesday despite reporting strong fourth-quarter earnings. The Chinese music streaming company reported RMB 5.40 billion in revenue, topping Refintiv estimates of RMB 5.29 billion. Earnings per share were RMB 0.57, beating estimates of RMB 0.56.
Shares of Smartsheet surged more than 9 percent after the bell Tuesday based on strong fourth-quarter earnings. The software company posted revenue of $52.2 million, compared to the $49.8 million forecast by analysts. Smartsheet reported a loss of 7 cents. Analysts' were expecting a loss of 14 cents.
Steelcase shares rose more than 7 percent percent in extended trading Tuesday after reporting better-than-expected fourth-quarter earnings. The furniture company reported earnings per share of 29 cents on revenue of $912 million. Analysts expected earnings of 26 cents on revenue of $871 million.