The FAA administrator's comments come on the eve of his visit to Boeing facilities outside Seattle. While there, he's scheduled to meet with Boeing executives and be briefed...Airlinesread more
CBS, CNN and other major media companies are starting to pull e-cigarette advertising off their airways, as the death toll from a mysterious vaping-related illness continues...Health and Scienceread more
Investors largely expected the FOMC to cut rates by a quarter point.The Fedread more
Investors bought bank stocks because there's a chance the Federal Reserve's interest rate cut may "put an end to this artificially inverted yield curve," Jim Cramer says.Mad Money with Jim Cramerread more
AT&T is considering selling DirecTV, according to a report in the Wall Street Journal.Technologyread more
The Facebook CEO will talk to policymakers "about future internet regulation," according to a spokesperson.Technologyread more
As the Fed was meeting to consider cutting interest rates, it lost control of the very benchmark rate that it manages.Market Insiderread more
Disney CEO Bob Iger writes in his autobiography that he believes he would have discussed combining Disney with Apple had Steve Jobs lived.Technologyread more
Tesla sales in China should hit around 6,400 vehicles this quarter, but the Shanghai factory won't be able to manufacture Model 3s in volume until mid-2020, according to JL...Technologyread more
The decision to cut rates followed a monthslong pressure campaign by Trump, who often criticized Chairman Jerome Powell by name as he called for lower interest rates.Politicsread more
Microsoft shares rose 1% after hours as it announced plans to raise its dividend and authorized as much as $40 billion to buy back shares.Technologyread more
Tesla got a boost Friday from one of its biggest Wall Street skeptics, who now sees Elon Musk's electric car company headed to a nearly profitable second-quarter earnings report.
Barclays, which has an underweight rating and a $150 price target on Tesla shares, raised its forecast for the company's second-quarter report to a loss of 16 cents a share — a jump from the firm's previous estimate of a loss of 71 cents a share. Tesla reports its quarterly earnings Wednesday.
"Increasing 2Q estimates as TSLA did indeed 'move the metal,'" Barclays analyst Brian Johnson said in a note to investors.
Tesla shares rose 0.6% in Friday's premarket from its previous close of $253.54.
Its stock surged in early July after Tesla reported a record second-quarter deliveries number. At the time, Johnson called the number "impressive" but said Tesla would have to show that it's improving profitability, urging investors to focus on the second-quarter earnings report. But the stock has climbed nearly 13% since the the deliveries update, a fact that Johnson highlighted in his note.
"While we were not overly surprised by the swing trade going into the delivery report, and the reaction thereafter, we are somewhat surprised by the continued strength" of Tesla shares, Johnson said.
Additionally, while Barclays reiterated that it is "fundamentally bearish" on Tesla, the analyst said Tesla has "likely raised enough cash to make it through 2020, even with below guided deliveries." That marks a noted shift in Johnson's view from earlier this month, when he said Tesla may need to raise more capital "as soon as next year" if it is going to "maintain an accelerating growth narrative."
– CNBC's Michael Bloom contributed to this report.