The massive market transformation this month that some on Wall Street called a "once in a decade opportunity" might have just been a one-off technical move because of taxes.Marketsread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
CNBC did a deep dive through the most recent Wall Street research to find stocks that analysts say are underappreciated.Marketsread more
Shares of MasterCard are up 46% this year, and 1120% since 2011, getting a boost from the strong U.S. consumer.Investingread more
Trade with China is the 'big unknown' for the Federal Reserve as it decides how best to support the U.S. economy, says Council on Foreign Relations Director of International...Futures Nowread more
Lobbying experts said the visit is likely an attempt to be in lawmakers' ears as they consider legislation that would impact Facebook.Technologyread more
Yardeni Research's Edward Yardeni believes the U.S. economy is picking up steam.Trading Nationread more
Iran's audacious drone and cruise missile attack on Saudi Arabia's oil producing facilities has provided a critical test yet for the Trump administration's foreign policy. A...Politicsread more
Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
Apple shares briefly surged more than 4 percent Wednesday to their highest levels in about nine months, as the iPhone 7 cycle begins.
The stock ended the day 3.6 percent higher on Wednesday, its best daily performance since July 27.
The stock held between 3.5 percent to about 4 percent higher in afternoon trade after a Bloomberg report that an AT&T executive said iPhone 7 preorders were "up." Earlier in the afternoon, the stock had pared gains to temporarily trade about 3 percent higher amid another Bloomberg report that cited a comment from a Verizon executive that said iPhone preorder volume was within a normal range.
The stock remained the top gainer in the Dow Jones industrial average for a second-straight day, briefly adding about 30 points to the Dow by itself. Shares were pacing for their first three-day win streak with consecutive gains over 2 percent since April 2013.
The four major carriers offer a when users trade in certain older phones and stay on their plan for two years.
"We estimate the carriers are losing (about) $300 per iPhone under the trade-in promos," UBS analyst John Hodulik said in a note Wednesday.
RBC Capital analyst Amit Daryanani reiterated his outperform rating on the stock Wednesday. He says several tailwinds position Apple to outperform from current levels, including the potential for Apple to grab market share given Samsung's woes with Galaxy Note 7.
Apple officially introduced the iPhone 7 and updated Apple Watch last week. The company began taking preorders on Friday for both products.
Apple's new iPhone does not have a headphone jack. Phone users may use Bluetooth products or a new Apple AirPod system instead of wire headphones. The phone also has two rear cameras that will allow users to see a live preview with shallow depth of field. Many Wall Street analysts expected those new features to encourage more iPhone users to upgrade.
Apple also rolled out the latest version of the company's iPhone software, iOS 10, on Tuesday. The launch did not go smoothly, forcing some phones into recovery mode, otherwise known as "bricking."
Apple said the problem was quickly resolved and it apologized to affected customers.
Morgan Stanley analyst Katy Huberty reiterated her overweight rating Wednesday for Apple stock, saying it would beat the consensus forecast if just 25 percent of its existing iPhone users were to upgrade their phones.
Apple joined the Dow on March 19, 2015, after closing the prior day at $128.47. It's not exactly been a stellar performer – down 9.7 percent since then, even with Wednesday's gains. Its low as a Dow member occurred on May 12, when it dipped as low as $89.47 intraday.
— CNBC's Gina Francolla, Peter Schacknow and Anita Balakrishnan contributed to this report.