The economist thinks the Fed ought to pay more attention to financial markets when setting interest rates.The Fedread more
U.S. President Donald Trump's latest tariff increase — and Beijing's plans to counter them — are hitting U.S. companies in China, according to a joint survey this month by...China Economyread more
"We are also constantly watching whether the trade war will turn into a tech war," Ma said Tuesday, according to a CNBC translation of his Chinese remarks published by a locak...China Economyread more
Kohl's, J.C. Penney and Nordstrom release disappointing earnings news, putting a damper on their sector.Retailread more
Bezos's comments give a rare glimpse into his interest in the auto industry. Amazon recently invested in two self-driving start-ups.Technologyread more
While investing often seems like a contrarian game where going against the flow feels like the better bet, the reality is that investors who bought the most-favored stocks...Hedge Fundsread more
Talks between the world's two largest economies have stalled after each nation lobbied higher tariffs on the other's imports.Traderead more
"Pretty much the entire suite of apps that 'talk' over the internet could be vulnerable," said Tom Uren, a senior analyst at the Australian Strategic Policy Institute's...Cybersecurityread more
A Chinese official in Hong Kong is urging the quick passage of legal measures to allow fugitives to be transferred to the mainland.China Politicsread more
GAC Motor said its delaying its launch in the U.S. but had no timeline when it could launch there.Autosread more
Markets in Asia traded cautiously on Wednesday morning as trade tensions continued to linger between the U.S. and China.Asia Marketsread more
Check out the companies making headlines before the bell:
Apple — Nikkei reported that Apple is cutting iPhone production by 10 percent between January and March. This would be the second time in two months that Apple trims iPhone production plans, according to the report.
Facebook — CEO Mark Zuckerberg said he will host a series of discussions about tech's role in society in the future. "Every few weeks I'll talk with leaders, experts, and people in our community from different fields and I'll try different formats to keep it interesting," Zuckerberg said.
Foot Locker, Nike — An analyst at Baird upgraded Foot Locker to "outperform," noting the near-term fundamentals for the company "can continue to inflect positively" amid strong Nike same-store sales. Separately, Baird downgraded Nike to "neutral" from "outperform" amid concern its high valuation may not be sustainable.
Skyworks Solutions — Canaccord Genuity slashed its price target on Skyworks to $84 from $96 a share, citing weak smartphone demand around the world. "We anticipate Apple has higher-than-anticipated channel inventory levels to work through in 1HC2019, driving weaker near-term demand for suppliers," Canaccord said in a note.
Bank of America —The banking giant was upgraded to "buy" from "neutral" at UBS, with analysts noting Bank of America "should continue improving efficiency metrics and, importantly, appears comparatively well positioned to withstand a turn in credit." UBS, however, also trimmed its price target on Bank of America to $32 from $33 a share.
Morgan Stanley — Citigroup upgraded Morgan Stanley to "buy" from "neutral," noting higher market volatility can lead to higher trading revenue throughout the year.
Tilray — The Canadian pot company was initiated with an overweight rating and a $90 price target at Piper Jaffray. "The timing of a regulatory change is hard to predict, but we expect continued global momentum for medical and recreational marijuana legalization," Piper said.
Lowe's — Barclays downgraded the home-improvement retailer to "equal weight" from "overweight," noting "it is unproven that the company can accelerate comps into a decelerating macro⁄industry across the board in 2019." Barclays also cut its price target on Lowe's to $105 from $120.
Tesla — The electric car maker is being sued after a passenger died last year due to a defective battery. The suit alleges Tesla "failed to warn purchasers of its vehicles of the battery's dangerous condition."