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
Mnuchin tells CNBC he's confident President Trump and China's Xi Jinping can make progress in stalled trade talks.World Economyread more
JP Morgan's Jamie Dimon says student lending "is a disgrace and it's hurting America."Economyread more
These are the stocks posting the largest moves midday.Market Insiderread more
The Supreme Court refused to overturn a precedent that strengthened the power of government regulators in a closely watched case that could have had broad ramifications for...Politicsread more
Shares of Paychex dropped on Wednesday after Bank of America downgraded the stock due to its "excessive valuation" and "underwhelming fundamentals."Marketsread more
A full-time worker earning the federal minimum wage of $7.25 per hour cannot rent an affordable two-bedroom apartment anywhere in the country, where affordable is defined as...Spendread more
The president raised $6 million alone at a fundraiser he attended at the Trump International Hotel on Tuesday in Washington.Politicsread more
Check out the companies making headlines before the bell:
Bank of America – The bank reported profit of 66 cents per share, beating consensus estimates by 4 cents a share. Revenue also exceeded forecasts. The bank's bottom line was helped by higher interest rates and last year's corporate tax cut.
Dell Technologies – Investor Carl Icahn issued a letter saying he now has an 8.3 percent stake in DVMT, which track Dell's investment in VMWare, and urged shareholders to vote against Dell's proposed buyout of those tracking shares. Icahn said Dell is trying to buy those shares at a bargain basement price.
Walmart – Walmart announced the acquisition of online lingerie retailer Bare Necessities for an undisclosed amount.
Harris Corp. – Harris and L3 Technologies will combine in the largest-ever merger of defense companies. The all-stock transaction has a value of more than $15 billion, exceeding the prior record held by the 1997 combination of Boeing and McDonnell Douglas. L3 shareholders will receive 1.3 Harris shares for each share they now own, with Harris shareholders owning 54 percent of the combined company.
Activision Blizzard – Activision was upgraded to "overweight" from "equal weight" at Barclays, with optimism over potential "Call of Duty" digital revenue for the video game maker among the factors cited.
Ralph Lauren – The apparel maker was upgraded to "overweight" from "neutral" at JPMorgan Chase. The firm thinks Ralph Lauren's earnings will accelerate to a low to mid-teens level, reversing the decline seen in recent years.
Zoetis – Zoetis was upgraded to "overweight" from "neutral" at JPMorgan Chase, which thinks the animal health drug maker will continue to grow sales faster than its peers.
Tapestry – Tapestry was downgraded to "hold" from "buy" at Loop Capital Markets. Loop is concerned about the competitive positioning of Tapestry, the parent of Coach and other luxury brands.
Amazon.com – Amazon has reportedly offered more than $400 million for a minority stake in India-based retailer Spencer's Retail, according to the Business Standard newspaper.
Dollar Tree – The discount retailer's stock was downgraded to "hold" from "accumulate" at Gordon Haskett. The firm issued the downgraded following a review of stores in the Southeast and an evaluation of recent traffic trends.
Sears Holdings – Sears has filed for Chapter 11 bankruptcy protection, and plans to close 142 more of its stores. Appliance maker Whirlpool issued a statement following the news saying the Sears bankruptcy will have a limited impact on its finances, with only one percent of its accounts receivable related to Sears.