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
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
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
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
There's more pain ahead for the U.S. and China amid their bilateral trade dispute, according to one expert.China Politicsread 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
U.S. stock index futures pointed to a higher open on Wednesday as traders remained unfazed by geopolitical tensions and eyed the Dow Jones' march toward 20,000.
The blue-chips index closed about 25 points away from the historic mark on Tuesday, having come within 13 points during the session. Dow futures pointed to a 7 point drop at the open on Wednesday, while S&P 500 and Nasdaq futures fell.
On the data front, Wednesday will see existing home sales data for November released at 10 a.m. ET.
In Europe, the pan-European Stoxx-600 index was around 0.29 percent lower on Wednesday. In Asia, the Shanghai Composite in China closed 1.15 percent higher, while the Nikkei in Japan closed 0.26 percent lower.
Investor expectations of a steep drawdown of U.S. crude inventories increased on Wednesday, albeit with trading activity limited as markets begin to wind down ahead of the Christmas weekend.