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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
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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
U.S. government debt yields held steady on Monday as investors prepared for the Federal Reserve's monetary policy decision later in the week.
Market focus began the week centered on the Fed's upcoming policy decision and public comments, with many expecting the U.S. central bank to hold its overnight lending rate steady ahead of a cut in July. Lackluster inflation, modest economic growth expectations and a partial inversion of the yield curve are expected to pressure Chair Jerome Powell and his colleagues toward reducing borrowing costs.
But the timing of any Fed rate cut, the first in more than a decade, remains a matter of debate. While some suspect the Fed to reduce interest rates in June or July after May's weak jobs data and softer consumer price index print, others are betting it waits until September to consider more data first.
Still, economists believe the Fed to hint at any future plans to reduce rates through the so-called "dot plot," a chart that anonymously reflect each official's rate forecast.
Expectations for an upcoming rate cut have kept pressure on yields, with the 2-year Treasury note rate down nearly 40 basis points over the last month to 1.87% from 2.23%. Long-term rates like that of the 10-year Treasury note have touched multiyear lows in recent weeks amid equity volatility and demand for fixed-income assets.