Consumers in China are taking to social media to express their support for Huawei as the U.S. government looks to ramp up pressure on the Chinese smartphone maker.Technologyread more
U.S. President Donald Trump's latest tariff increase — and Beijing's plans to counter them — are hitting U.S. companies in China, according to a joint survey this month by...China Economyread more
"We are also constantly watching whether the trade war will turn into a tech war," Ma said Tuesday, according to a CNBC translation of his Chinese remarks published by a locak...China Economyread more
TransferWise, the money transfer start-up, was valued at $3.5 billion after investors bought $292 million of shares in a secondary sale.Technologyread more
Indian Prime Minister Narendra Modi's likely return to power for a second term will likely be positive for his country's growth, according to economists and investors.Asia Economyread more
Kohl's, J.C. Penney and Nordstrom release disappointing earnings news, putting a damper on their sector.Retailread more
"Pretty much the entire suite of apps that 'talk' over the internet could be vulnerable," said Tom Uren, a senior analyst at the Australian Strategic Policy Institute's...Cybersecurityread more
Bezos's comments give a rare glimpse into his interest in the auto industry. Amazon recently invested in two self-driving start-ups.Technologyread more
While investing often seems like a contrarian game where going against the flow feels like the better bet, the reality is that investors who bought the most-favored stocks...Hedge Fundsread more
The economist thinks the Fed ought to pay more attention to financial markets when setting interest rates.The Fedread more
U.S. Trade Representative Robert Lighthizer will meet with officials from the European Union and Japan at the ministerial meeting of the Organization for Economic Co-operation...World Economyread more
While some investors may be optimistic on Tesla's Model 3 production plans, Goldman Sachs is concerned over slowing sales growth of the company's current electric cars.
The report helped send Tesla's stock down about 5 percent in the first hour of trading.
Goldman analyst David Tamberrino lowered his six-month price target for Tesla to $180 from $190, representing 49 percent downside from Monday's close.
"We remain sell rated on shares of TSLA where we see potential for downside as the Model 3 launch curve undershoots the company's production targets and as 2H17 margins likely disappoint," Tamberrino wrote in a note to clients Wednesday. "This comes as demand for TSLA's established products (Model S and Model X) appear to be plateauing slightly below a 100k annual run rate."
The analyst cited how Tesla's second quarter deliveries number of approximately 22,000 cars missed his forecast of 23,500 and the Wall Street consensus of 24,200. As a result, he lowered his annual growth estimate for the Model S and Model X cars to 5 percent through 2021 from his previous forecast of 13 percent per year.
Tesla blamed a production issue with its 100 kilowatt-hour battery packs for the second quarter deliveries shortfall.
"Further, cash burn should intensify as we progress through 2017 –though we forecast the next capital raise in 1H18," he wrote.
Multiple Wall Street firms including Bernstein, KeyBanc Capital and Cowen also expressed disappointment over Tesla's second quarter deliveries result in notes to clients Wednesday and Tuesday.
"Tesla's Q2 production and deliveries report raised more questions than answers, particularly about Model S and X demand," Bernstein's Toni Sacconaghi wrote.
Tesla did not immediately respond to a request for comment on this story. Its shares are up 65 percent this year versus the S&P 500's 8.5 percent return through Monday.
—CNBC's Michael Bloom contributed to this story.