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 before the bell:
McDonald's — McDonald's is buying Israeli marketing technology firm Dynamic Yield for a reported $300 million, in a move to modernize its drive through menu displays and mobile ordering. The acquisition is the largest for the fast-food giant in two decades.
Facebook — Facebook said it had removed more accounts from Iran, Russia, Macedonia, and Kosovo due to what it calls "coordinated inauthentic behavior."
Mastercard — Mastercard is investing nearly $300 million in the London initial public offering of Dubai-based payments processor Network International, the large such company in the Middle East and Africa.
Tesla — The automaker and CEO Elon Musk have won a second dismissal of a securities fraud lawsuit alleging that misleading comments were made about Model 3 production. The suit had originally been dismissed in October 2017 but the judge in the case allowed the plaintiffs to file an amended suit.
Bed Bath & Beyond — Bed Bath & Beyond is the target of activist funds Legion Partners Asset Management, Macellum Advisors, and Ancora Advisors. The three have a combined five percent stake in the housewares retailer and plan to launch a proxy fight to replace the retailer's entire board, according to The Wall Street Journal.
Nvidia — Piper Jaffray began coverage of the graphics chipmaker with an "overweight" rating, saying the stock is trading at attractive levels and that Nvidia is positioned to overcome some industry headwinds.
Nike — Nike shares remain on watch after a volatile Monday session in which attorney Michael Avenatti said he would be unveiling a scandal involving the athletic footwear and apparel maker. Following that announcement, Avenatti was arrested on charges of alleged extortion.
McCormick — The spice maker earned an adjusted $1.12 per share for its latest quarter, beating estimates by 3 cents a share. Revenue was in line with Wall Street forecasts. Consumer business sales were on the lighter side, but that was offset by a strong performance in flavor solutions.
IHS Markit — The analytics and financial information company beat estimate by 3 cents a share, with adjusted quarterly profit of 60 cents per share. Revenue fell short of forecasts, however, but HIS Markit reaffirmed its full-year guidance.
FactSet — The financial information software provider reported adjusted quarterly profit of $2.42 per share, 9 cents a share above consensus estimates. Revenue missed Wall Street forecasts. FactSet also boosted the lower end of its fiscal-year outlook, seeing full-year adjusted earnings of $9.50 to $9.65 per share, compared to a consensus estimate of $9.55 a share.
Conn's — The home appliances and furniture retailer reported adjusted quarterly profit of 96 cents per share, 20 cents a share above estimates. Comparable-store sales fell 1.4 percent, however, and revenue came in below Wall Street forecasts.
CORRECTION: This article has been updated to show that Mastercard is investing nearly $300 million in the London initial public offering of Dubai-based payments processor Network International.