Tesla is working on new battery cell designs, and a way to make their own cells, with R&D teams in a lab near its car plant in Fremont, California.Technologyread more
The Federal Reserve and the market are miles apart on interest rate expectations, and the disparity could cost the stock market a 7%-10% drop, economists say.Economyread more
President Trump lambastes Twitter, Google and other technology giants for what he claims as their efforts to stifle him.US Economyread more
Underneath the impressive market rally is a trend that doesn't seem quite right, according to J.P. Morgan.Marketsread more
The shutdown of the fire-damaged Philadelphia Energy Solutions refining complex could send gasoline prices higher across the U.S., but particularly in the mid-Atlantic region...Market Insiderread more
Mnuchin tells CNBC he's confident President Trump and China's Xi Jinping can make progress in stalled trade talks.World Economyread more
Bitcoin topped the $13,000 level Wednesday, rallying to its highest price since January 2018.Bitcoinread more
JP Morgan's Jamie Dimon says student lending "is a disgrace and it's hurting America."Economyread more
During the foreclosure crisis, investors transformed the single-family home rental market into a formally managed asset class. Now they want new homes.Real Estateread more
Wayfair drew backlash and calls from some customers for a boycott after employees protested the company's apparent sale of $200,000 of mattresses and bunk beds destined for a...Retailread more
These are the stocks posting the largest moves midday.Market Insiderread more
A U.S. military official Tuesday said an Iranian drone flew about 100 feet from an American fighter jet in the Persian Gulf in a dangerous incident.
The Navy said the incident involved an F/A-18E Super Hornet that was preparing to land in international airspace on the aircraft carrier USS Nimitz in the central Gulf.
"The F/A-18E maneuvered to avoid collision with the QOM-1 [Iranian drone] resulting in a lateral separation of approximately 200 feet and a vertical separation of approximately 100 feet," spokesperson Lt. Chloe J. Morgan said in a statement to CNBC.
According to the statement, the U.S. military made "repeated calls to stay clear of the fixed-wing flight operations in the vicinity of USS Nimitz," but the Iranian drone still "executed unsafe and unprofessional altitude changes" close to the American F/A-18E that was "in a holding pattern preparing to land on the aircraft carrier."
The Navy said the action by the Iranian QOM-1 drone "created a collision hazard and is not in keeping with international maritime customs and laws."
The Navy official also indicated this incident marked "the 13th unsafe and/or unprofessional interaction between U.S. and Iranian maritime forces" so far this year.