The Fed cut interest rates by a quarter point, but it also reaffirmed its rate cut was meant to serve as insurance for the economy.Market Insiderread more
The U.S. economy will have a tough time at the start of 2020, says the head of one of the largest bond managers in the world.Delivering Alpharead more
Investors are asking how the world's third-largest defense spender could have left itself so vulnerable and what that means for the future.Politicsread more
The presidential campaign is "going to be very tough," the former chief White House strategist.Politicsread more
Clayton was the opening speaker at the Delivering Alpha conference, presented by CNBC and Institutional Investor.Delivering Alpharead more
The former CEO of Overstock announced that he's dumped all of his equity and blamed both the "deep state" and the government for his exit.Marketsread more
AT&T is not considering a split with its DirecTV unit at this time, people familiar with the situation tell CNBC.The Faber Reportread more
"The market all of the sudden has broken out into a behavior that seems much more rational in September than it did in August," National Securities' Art Hogan says.Trading Nationread more
Gelson's, an upscale grocery store chain with 27 locations across Southern California, will sell 12-ounce packages of the Impossible Burger.Food & Beverageread more
The new rules come after recent disclosures by some players about their mental health battles — before and during their NBA careers.Health and Scienceread more
JMP Securities gave Tesla shares a new outperform rating on Wednesday, citing the automaker's collection of top talent and competition that continues to lag behind Elon Musk's electric car manufacturer.
JMP's message to buy Tesla comes hours before the company will report third-quarter earnings on an earlier date than expected.
"We believe the expertise Tesla has accumulated in key aspects of electric vehicle development and manufacturing is very difficult to duplicate," JMP's Joseph Osha said in a note.
"Stretched balance sheet, but we think Tesla can make it. The combination of the Model 3 ramp, capital spending plans, and pending debt repayments have left Tesla in a difficult position," the analyst said. "Our detailed modeling suggests the company can make it through the next 18 months without having to raise money, but there is little room for error. We believe the company would be well served by raising several billion dollars in additional equity capital."
The stock surged more than 12 percent on Tuesday after noted short seller Andrew Left changed his mind and went long the stock. Left and other investors are speculating Tesla's results after Wednesday's closing bell will be better than expected because the company moved up the date when it typically reports third-quarter results. In the past, they have been revealed in November and traders don't believe Tesla would be in a hurry to put out bad news.
Tesla shares closed down 1.9 percent in trading Wednesday at $288.50 a share, after climbing as much as 3 percent in premarket trading. The stock is up 11 percent in October even as shares of other automakers and technology companies struggle along with the broader stock market.
JMP initiated with a $350 a share price target on Tesla, which is more than 18 percent above Tuesday's closing price of $294.14 a share.