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
The shift online is "as big as Y2K was for the tech industry," Benioff told "Mad Money" host Jim Cramer. "We're No. 1 in [customer relationship management], which is the fastest-growing part of enterprise software, because every company and every industry and every government [agency] is recreating themselves with their customer, so this is what's driving our growth."
Benioff appeared on CNBC as Salesforce delivered a massive earnings beat Tuesday afternoon, reporting an adjusted quarterly profit of 93 cents per share, which blew away estimates by 32 cents. Revenue of $3.74 billion grew 24% year over year, also exceeding expectations. Salesforce also gave a better-than-expected full-year outlook.
Some of the firm's clients include Dell, Peloton, Southwest Airlines and several federal agencies. Benioff said serving the federal Education, Agriculture and Interior departments has been one of the "most exciting things" during the quarter.
"They're going through a huge digital transformation in the U.S. federal government, and Salesforce has been able to offer many of those agencies the rapid successful digital transformation that they need," he said.
Shares of Salesforce gained nearly 4% during Tuesday's session and rallied 3% in after-market trading. The stock has lost more than 7% in the past month, but it's up 10.10% since the start of the year.
Correction: An earlier version misstated Salesforce's per-share earnings number. Adjusted earnings were 93 cents per share, beating estimates by 32 cents.