Underneath the impressive market rally is a trend that doesn't seem quite right, according to J.P. Morgan.Marketsread more
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
Something unusual is happening in financial markets and it could mean more gains lie ahead for stocks, if history is any indication.Marketsread more
JP Morgan's Jamie Dimon says student lending "is a disgrace and it's hurting America."Economyread more
Online home goods retailer Wayfair sold roughly 1,600 mattresses and 100 bunk beds to Baptist Child and Family Services, a nonprofit that works as a federal contractor...Retailread more
The Senate will try to reconcile its emergency border aid plan with one passed by Nancy Pelosi and House Democrats.Politicsread 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
Bitcoin topped the $13,000 level Wednesday, rallying to its highest price since January 2018.Bitcoinread more
Lenders including J.P. Morgan Chase and Bank of America are widely expected to increase dividends this week.Financeread more
The president raised $6 million alone at a fundraiser he attended at the Trump International Hotel on Tuesday in Washington.Politicsread more
The local subsidiary of Elon Musk's company bought the industrial-use land for 973 million yuan, or $140 million, on Wednesday, according to China property transaction records from Shanghai-based financial data company Wind Info.
The planned facility's floor space will be 1.7 million square meters, the database showed.
Government regulation stipulates that all industrial-use land purchases are effectively 50-year leases that can potentially be renewed.
Plans for Tesla's wholly-owned Shanghai factory were first announced in July. Lingang is located on the coast, about 47 miles southeast of the center of Shanghai or a roughly two-hour subway ride. Several auto manufacturers with foreign ties have facilities there, and unmarked test vehicles can be seen roaming the streets.
Tesla expects the factory to produce its first cars in three years, according to an earnings release in August. The facility will initially have capacity for about 250,000 vehicles and battery packs a year, and plans to eventually double that, the release said.
Funding will mostly come from local debt, and Tesla's own investment "will not start in any significant way until 2019," the company said in the August release.
Producing cars in China, the world's largest market for electric vehicles, would significantly lower costs for Tesla.
The company noted in an Oct. 2 report it cannot access the same cash incentives as local Chinese manufacturers, and overall ocean transport costs and tariffs mean the automaker is operating at a 55 percent to 60 percent cost disadvantage compared with a domestic equivalent.
Shanghai-based Nio, nicknamed the "Tesla of China," went public in the U.S. in September and said earlier this week it beat its own fiscal third quarter production target by several hundred vehicles. Baillie Gifford, Tesla's largest outside investor, disclosed earlier this month an 11.4 percent stake in Nio.
—CNBC's Robert Ferris contributed to this report.