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
Check out which companies are making headlines before the bell:
Amazon.com – D.A. Davidson initiated coverage of Amazon with a "buy" rating and a price target of $1,300 per share. The firm said Amazon is poised to take even more market share following its acquisition of Whole Foods and its embracing of brick-and-mortar operations. Separately, Amazon announced plans to open a second headquarters, dubbed "HQ2" and is soliciting bids for locations.
GoPro – The high definition camera maker said it expects the current quarter to be profitable on a non-GAAP basis, and that revenue and gross margins will come in at the high end of expectations on strengthening consumer demand.
FireEye – Morgan Stanley upgraded the cybersecurity company's stock to "overweight" from "equal-weight." Part of Morgan Stanley's bull case is anticipated "meaningful adoption" of FireEye's Helix platform.
RH Inc. — The Restoration Hardware parent reported adjusted quarterly profit of 65 cents per share, 18 cents a share above estimates. The upscale furniture retailer also saw revenue beat forecasts, and a same-store sales increase of seven percent was better than the 5.4 percent consensus estimate of analysts polled by Thomson Reuters. In addition, RH raised its full-year forecast, as it benefits from a shift to a membership model.
Royal Caribbean – Royal Caribbean increased its quarterly dividend to 60 cents per share from 48 cents a share, an increase of 25 percent. The cruise line operator's stock has been down the past three sessions on concerns about the financial impact of hurricanes Harvey and Irma, and other cruise company stocks like Norwegian Cruise Line and Carnival have been impacted, as well.
Procter & Gamble — Trian's Nelson Peltz released a white paper detailing ideas to improve the company's performance. Peltz wants a board seat, and criticized Procter for losing its leading position in the consumer marketplace and settling for "mediocrity." Trian holds a $3.5 billion stake in the consumer products giant.
CBS – CBS will see a delay in its planned buyout of Australian broadcaster Ten Networks, after a court agreed to put the deal on hold to hear a challenge by a rival consortium led by News Corp. co-chairman Lachlan Murdoch.
AstraZeneca – AstarZeneca said its Duaklir drug showed significant improvement in lung function for patients who have chronic obstructive pulmonary disease, or COPD, a chronic lung disease. The drugmaker said it sees a submission to the Food and Drug Administration for approval in the first half of 2018.
Sanofi – The drugmaker ended development of two Zika vaccines, pointing to a decline in Zika cases and limited U.S. government funding.
Alphabet – Alphabet's Google unit is close to a deal to buy HTC's smartphone operations, according to a report in Taiwan's Commercial Times.
Urban Outfitters – The apparel retailer expects comparable-store sales for the third quarter to drop by a low single-digit percentage, according to a Securities and Exchange Commission filing. That would be better than the 7.1 percent comp-store sales drop expected by analysts polled by Thomson Reuters.
Conn's – The furniture and home appliances retailer earned an adjusted 26 cents per share for its latest quarter, compared to estimates for a loss. Revenue did fall shy of forecasts, but Conn's benefited from improvement in its credit business as well as what it calls its strong underlying retail model.