Buybacks have gotten a bad rap from both Republicans and Democrats. But stocks would be trading at a massive discount without them.Marketsread more
The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
Stocks rose on Friday, but notched weekly losses as investors worried the U.S.-China trade war is hurting economic growth.US Marketsread more
The combination of mounting recession fears, bets on a more cautious Fed and a regular uptick in market volatility could spell more losses.Marketsread more
The therapy, Zolgensma, is a one-time treatment for spinal muscular atrophy — a muscle-wasting disease and leading genetic cause of infant mortality, affecting 1 in every...Biotech and Pharmaceuticalsread more
SpaceX has raised just over $1 billion in financing since the beginning of the year.Investing in Spaceread more
An analyst for Ark Invest, which has a major investment in Tesla, says recent drastic price-target cuts by others on Wall Street are missing the big picture.Investingread more
A federal judge in California has blocked President Donald Trump from building sections of his long-sought border wall with money secured under his declaration of a national...Politicsread more
Former Foreign Minister Boris Johnson is seen as the bookmaker's favorite to succeed outgoing Prime Minister Theresa May.Europe Politicsread more
The race is underway to find a vaccine that can control African swine fever, a highly contagious and deadly viral infection ravaging China's hog population. There is currently...Agricultureread more
Tesla Motors CEO Elon Musk may think Apple could be a serious competitor when it introduces a car, but at least one analyst doesn't think that's necessarily the right move for the tech giant.
"Clearly they have the pockets. Clearly the opportunity is there. My big worry is do they actually have the experience to enter that market," Oppenheimer analyst Andrew Uerkwitz said in an interview with CNBC's "Power Lunch " on Thursday.
Uerkwitz, who currently has a "hold" rating on Apple, said he would view the company's entrance into the auto industry "very negatively."
Musk's comments on Apple came during Wednesday's Code Conference in Rancho Palo Verdes, California.
"I think they'll probably make a good car and probably be successful. The car industry is very big — it's not as though there's one company to the exclusion of others," said Musk, who believes Apple could have its vehicle out by 2020.
Uerkwitz agrees the market is big enough for multiple competitors and thinks a company like Apple would validate what Tesla has been doing — applying a technology mindset to an industrial sector.
However, while getting even just 1 percent penetration in the overall auto market would bring a lot of revenue, there's more to it than that, he said.
"There's supply chain issues, I think you've got to get scale and so forth. It's very capital intensive. I wouldn't expect a positive [return on investment] for many, many years."
— CNBC's Hailey Lee contributed to this report.