Corporate debt recently passed the $1 trillion mark in a continuing sign of global financial displacement.Marketsread more
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Target CEO Brian Cornell still thinks the U.S. consumer is strong and spending. Target's latest quarterly results showed the big-box retailer is benefiting from that.Retailread more
President Trump insists the economy is healthy and says the only thing holding U.S. growth back is the Federal Reserve.Marketsread more
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Bank of America CEO Brian Moynihan is not worried about an economic slowdown, saying the U.S. consumer is still in a strong place.Banksread more
In a second-round of tweets aimed at the U.S. central bank, the president asked, "WHERE IS THE FEDERAL RESERVE?"Marketsread more
J.P. Morgan Chase customers will no longer be able to pay with their phones in stores beginning next year.Marketsread more
Gluskin Sheff's David Rosenberg predicts one of the strongest parts of the U.S. economy will disappoint Wall Street and lead to a market meltdown.Futures Nowread more
Target CEO Brian Cornell says he's encouraged by Trump's decision to postpone some consumer-oriented tariffs that were supposed to start Sept. 1.Retailread more
Tesla said in a second quarter earnings update on Wednesday that it has repeatedly produced 5,000 Model 3 electric sedans in a week. Previously, the company said it would have to hit a weekly run-rate of 5,000 Model 3's to become profitable, long-term.
Tesla made 53,339 vehicles in the second quarter, delivering 22,319 Model S and Model X vehicles and 18,449 Model 3 vehicles to customers, totaling 40,768 deliveries, according to the earnings release.
Tesla said it aims to increase its weekly run-rate for Model 3s to 6,000 by late August while ironing out issues in its factories "selectively" to address bottlenecks, rather than building any additional production lines.
Tesla is not yet selling the base Model 3 which it promised to sell for $35,000. It has only been selling much more expensive variants thus far, including versions that cost $49,000 and $78,000 to start.
In its update Wednesday, Tesla said Model 3 gross margins "turned slightly positive in Q2," and would rise to roughly 15 percent in the next quarter. The automaker's Model 3 gross margins had been negative in the first quarter.
Tesla's stock was up 4 percent after hours on the report.