The Fed came very close to promising a rate cut Wednesday, and now markets are focused on a possible July rate cut.Market Insiderread more
Markets had expected the central bank to keep its benchmark interest rate steady while setting up a cut at the July meeting.The Fedread more
Powell said policymakers are concerned about some of the recent economic developments and see a growing case for easier policy.The Fedread more
The Fed chief said that despite reports that Trump was looking to demote or fire him, he doesn't plan on leaving anytime soon.The Fedread more
Federal Reserve Chairman Jerome Powell said on Wednesday that Facebook spoke to the central bank about the digital currency called LibraThe Fedread more
With bold and targeted steps, economists say, government can increase opportunity and incomes for many more people in ways that strengthen, not weaken, American capitalism.Politicsread more
The vote makes Mexico the first of the three countries to win legislative approval for the trade agreement.Politicsread more
Resident "Fast Money" crypto expert Brian Kelly breaks down the major differences between bitcoin and Facebook's new cryptocurrency Libra.Fast Moneyread more
Oracle found revenue growth from cloud applications in its fiscal fourth quarter, which helped it surpass analysts' expectations.Technologyread more
For those who want more power, the new Gran Coupe comes with a brutish, 523-horsepower twin-turbo V-8.Autosread more
American Airlines is the first major U.S. airline to order Airbus' new long-range, single aisle aircraft.Paris Air Showread more
Even though shares of Facebook have fallen sharply on headlines about regulatory scrutiny, Moffett Nathanson said Tuesday the stock's valuation is attractive given the health of its core business and potential for growth.
"We believe improving underlying fundamentals offsets the risk of greater regulatory scrutiny," Moffett Nathanson's Michael Nathanson said in a note to clients.
Recent talk of the breakup of big technology companies has worried investors. Last week, Facebook shares plummeted when The Wall Street Journal reported that the Federal Trade Commission is investigating the tech giant's practices on digital competition. Facebook was also brought into the spotlight around a House Judiciary Committee investigation regarding similar issues.
Nathanson said antitrust actions on Facebook seem unlikely, considering "the focus of U.S. courts on proof of consumer harm." "We believe holding platforms liable for user content is the larger threat, but there have not been meaningful developments around this issue," he said.
Although unlikely, Nathanson said, regulatory scrutiny is already priced into Facebook's stock, but future growth opportunities are "not yet captured" in Facebook's share price.
Commerce and messaging are turning into "growth drivers long-term," he said. Organic growth declaration has moderated because of better-than-expected monetization of Facebook Stories, and margins are "set to stabilize after two years of heavy investment," he said.
Moffett Nathanson upgraded the stock to a buy rating from neutral and maintained its $210 price target. The stock was up 2% Tuesday, trading above $178 share.
Facebook shares are up more than 33% year to date, but the stock is down 7% in the last month.
— With reporting from CNBC's Michael Bloom