Indian billionaire investor Rakesh Jhunjhunwala says he's very upbeat about his country's growth potential after the country underwent a massive banking crisis and the rollout...Asia Economyread more
Morgan Stanley has cut its bear (worst-case) forecast on Tesla's stock from $97 to just $10, citing concerns about the company's increased debt load and geopolitical exposure.Autosread more
Home Depot on Tuesday reported fiscal first-quarter earnings that beat analysts expectations, despite a damp start to the spring in much of the U.S.Retailread more
There's more pain ahead for the U.S. and China amid their bilateral trade dispute, according to one expert.China Politicsread more
Alphabet Inc's Google said Tuesday that keeping phones up to date and secure was in "everyone's best interests," shortly after the U.S. temporarily eased some trade...Technologyread more
You know there's an underlying problem when investment firms start to cut exposure to a particular asset class.Commentaryread more
While Trump's lawyers had argued that the committee's subpoena did not have a legitimate legislative purpose — and was therefore invalid — Mehta took a broader view.Politicsread more
The issue of corporate debt has surfaced as companies continue to use the low rates the Fed has provided to lever up their balance sheets.The Fedread more
A record 257.4 million travelers are expected to opt for U.S. airlines for travel this summer, the 10th consecutive annual increase, a trade group forecast on Tuesday.Airlinesread more
The announcement comes amid a wave of store closures across the country this year.Retailread more
Check out the companies making headlines midday Tuesday:
Lyft – Shares of Lyft closed slightly lower, falling as low as $66.10 a share midday, after Seaport Global Securities analyst Michael Ward raised concerns over the ride-sharing company's valuation. Ward initiated coverage of the stock with a sell rating and a 12-month price target of $42 per share, while Lyft's IPO was $72. Lyft has been trading under its initial IPO price since Monday. Ward said that buying Lyft's stock requires a "big leap of faith."
Delta – Delta Air Lines stock rose 6 percent after the airline raised its guidance for its first-quarter earnings and announced an 11 year extension of its credit card deal with American Express. Delta said its non-fuel costs were less than originally projected, and will be about the same or half a percentage point higher than last year.
Walgreens – Shares of Walgreens dropped 12.8 percent after the drugstore chain reported lower-than-expected second-quarter earnings and reduced its full year earnings forecast for 2019. Walgreens reported earnings of $1.64 per share, 8 cents lower than expected, and revenues of $34.528 billion, $27 million below estimates.
Dow Inc – Dow stock climbed 5.1 percent after replacing DowDuPoint on the Dow Jones industrial average, completing a spin-off announced previously. Dow received a number of buy ratings following the split, including from Credit Suisse, BMO Capital Markets and Deutsche Bank.
Facebook – Shares of the tech giant rose 3.3 percent following Deutsche Bank's call that Facebook's Instagram platform could "add an incremental $10 [billion] of revenue in 2021" thanks to the new e-commerce checkout feature. Facebook gave Instagram users the ability to browse and purchase offerings directly from 23 top brands in the U.S., all within the app.
—CNBC's Nadine El-Bawab contributed to this report.