In a room full of avowed capitalists, policies that sound to some like socialism are bound not to go over well.Delivering Alpharead more
At least in terms of monetary policy, Pence says should be taking after other regions who keep their benchmark interest rates near zero.Delivering Alpharead more
AT&T isn't focused on selling or divesting DirecTV, despite pressure from stakeholder Elliott Management, sources tell CNBC.Technologyread more
The measure to keep the government running through Nov. 21 now heads to the Senate, where McConnell has signaled he will back a temporary spending plan.Politicsread more
Amazon's purchase comes as part of its plan to convert its delivery fleet to 100% renewable energy by 2030. The e-commerce retailer already runs 40% of its fleet on renewable...Autosread more
As part of the plan, Amazon has agreed to purchase 100,000 electric delivery vans from vehicle manufacturer Rivian.Technologyread more
Apple's iOS 13.1 will be released on Sept. 24, six days earlier than previously announced.Technologyread more
Hedge fund titan Leon Cooperman said he's concerned about a shift to the left in the political landscape, which could harm the economy and the stock market.Delivering Alpharead more
The plan will allow Medicare to negotiate lower prices on as many as 250 drugs and apply those discounts to private health plans.Health and Scienceread more
The move could bring a welcome salve to farmers caught in the crosshairs of the trade war if it results in a reopening of the market.Politicsread more
The pilot program will deliver food and beverage, over-the-counter medications and other items within minutes, the company said. Prescription deliveries will not be available.Health and Scienceread more
There's a new top bull on Tesla. Argus Research's Bill Selesky slapped a $444 target on the share price and upgraded Telsa to a buy from a hold.
The price target is by far the most aggressive on Wall Street, according to FactSet. It's also 25 percent higher than Monday's closing price of $355. Tesla is up 57 percent in the last year. The shares rose more than 3 percent Tuesday.
"Our upgrade reflects recent strong orders for the Model 3," Selesky said in a note to investors. The new model is expected to hit the market en masse by the end of this year. Right now the company is getting about 1,800 orders a day for the Model 3. Argus points out that number is "without a lot of advertising or marketing campaigns."
The cost of the Model 3 is expected to be $35,000, well below Tesla's other offerings.
Selesky did note some headwinds. He cautioned that "the Model 3 will boost labor and overhead costs in the near term." But the analyst said those costs will drop going into 2018.
At a July 28 event, Tesla CEO Elon Musk addressed those concerns asking rhetorically "how do we build a huge number of cars?" He answered himself by saying, "frankly we are going to be in production hell, welcome, welcome welcome to production hell, that is going to be where we are going to be for the next six months, maybe longer."
Telsa is vastly outperforming the Nasdaq this year. Shares of the electric car maker are up 67 percent this year versus 18.5 percent for the Nasdaq.