Tesla is scheduled to report its first-quarter earnings on Wednesday, and eyes are focused on the future. “The timing, the success, of that model is critical for them to justify the current stock price, or really, any stock price.” That said, analysts surveyed by Thomson Reuters are expecting Tesla to post a loss of 82 cents a share on revenue of $2.61 billion for the first quarter. Langan added he expects it’s unlikely that Tesla can even sell its Model 3 profitably at this stage. “As Tesla’s M

The planned sale of a stake in national oil giant Saudi Aramco will occur through an initial public offer of shares in 2018, and the stake sold “will be not be very far off 5 percent”, Deputy Crown Prince Mohammed bin Salman said on Tuesday. Prince Mohammed was speaking in a nationally televised interview, a year after he launched a series of radical economic reforms including the partial privatisation of Aramco. “We have two main factors to decide the percentage to be listed…First the demand,

“But if it doesn’t happen this week, we need to look at Plan B or C,” Meadows told reporters on Capitol Hill. Meadows also said, “I don’t know that there’s a whole lot of momentum” toward getting the bill to a vote. House Speaker Paul Ryan, R-Wis., said Monday the vote would happen when enough members support the bill for passage. About 20 Republicans have indicated they will vote against it, one shy of the 21 defections the GOP can afford. “This is going to be a great week,” White House Nationa

Hillary Clinton said a key to creating opportunities in under-served areas is making sure everyone has access to modern infrastructure like high-speed internet. “You need to recognize that trying to provide opportunities to people everywhere requires investments everywhere, but that doesn’t mean good jobs will be everywhere,” she said. Clinton explained that companies won’t want to invest in places that are thinly populated where they can’t guarantee a large profit margin. “If you drive around i

President Donald Trump in an interview Monday said he would consider a gasoline tax increase if it paid for highway infrastructure. And there’s one big reason why: When gasoline prices go up, presidential approval ratings go down. And a gasoline tax increase won’t be enough for Democratic support if tax rates are being lowered in a meaningful way. Consumers are very sensitive to gasoline prices and historically voters have rejected ballot initiatives to raise the gasoline tax even when the money

Even after smaller stocks soundly beat the market the last 12 months, Chuck Royce believes the asset class will continue to rise for several more years. Small-cap “value tends to have a pretty long run. Certainly, the last long run was right after the internet boom. Royce is chairman of Royce & Associates, a small-cap specialist investment management firm with nearly $18 billion in assets which he founded in 1972. So it’s creating, I think in the long run, actually opportunity for an active inve

Ambac is also seeking to block Puerto Rico from officially launching Title III, a court-supervised bankruptcy-like restructuring process. The restructuring of Puerto Rico’s roughly $70 billion in outstanding debt would be the largest in the history of the U.S. municipal bond market. It was put in place in order to allow for negotiations between Puerto Rico and its bondholders as mandated by The Puerto Rico Oversight, Management, and Economic Stability Act, or PROMESA, which was enacted into law

A close analysis of the bond market suggests more pain ahead for the already beaten-down financials. “We have support around the $120.50 area here in TLT,” the trader said Tuesday on CNBC’s “Trading Nation.” But the group of banks that would be hit the hardest are the regional banks, which according to Gordon are “very interest rate-sensitive.” What’s more, the technicals for the regional bank-tracking ETF (KRE) suggest that the ETF could head lower. In other words, KRE looks set to fall right b

Amazon wants you to have long, real conversations with Alexa, its popular personal digital assistant. And that’s just the start, says Rohit Prasad, Amazon’s head scientist for Alexa, who is playing a key role in the retailer’s efforts in artificial intelligence for Alexa—using computers to converse with us. The Echo product is one of Amazon’s most popular, and many head-to-head reviews cite Alexa as the most effective. Amazon posted an example of a hypothetical, future extended conversation with

Aetna’s CEO Mark Bertolini doesn’t want to charge some people more for Obamacare — but he does want the government to step up and fund the program “appropriately.” Bertolini on Tuesday rejected a suggestion that Republican proposals to allow insurers to charge people with pre-existing health conditions more for Obamacare plans could prompt the Aetna to return in force to individual plan marketplaces. “I think the biggest program with the [Affordable Care Act] is how it is funded,” Bertolini said

Chuck Royce shared his views on the market and his favorite stock picks and in an exclusive interview for CNBC PRO with Mike Santoli. We’re looking for companies that we can take a very long term view on,” Royce said. On favorite financial picks: “Financials are a fascinating, very broad area with lots of change, lots of innovation. Royce is chairman of Royce & Associates, a small-cap specialist investment management firm with nearly $18 billion in assets which he founded in 1972. The interview

“Given the tax restraints, I think Apple is doing a good job” with its current capital deployment plan and shouldn’t resort to anything drastic, Damodaran said. The iPhone maker’s ever-growing cash pile is mostly stashed overseas due to the high U.S. corporate tax rate. Now that the Trump administration is expected to cut the tax rate on profits brought back from overseas, Wall Street has increased its focus on the cash and what Apple could do with it. CEO Tim Cook said during the firm’s fiscal

A strange divergence is emerging in the market between the companies that are making money and those that are making their investors money, according to Tom Lee. Of those sectors, however, all fell during the month of April save for FANG. “In other words, there is a disconnect between sectors/cos driving EPS recovery and stock price gains,” Lee wrote. This could indicate that the smart bet “is for the laggards, like energy and the banks, to catch up to the broader market,” Lee said in an intervi

U.S. President Donald Trump and Russian President Vladimir Putin discussed working together to end the violence in Syria on Tuesday in their first phone call since U.S. air strikes in Syria strained U.S.-Russian relations. The White House said the two leaders agreed that “all parties must do all they can to end the violence” in Syria and that Trump and Putin also discussed working together against Islamic militants throughout the Middle East. “The conversation was a very good one, and included t

Oil prices sharply extended losses just before Tuesday’s settlement, with U.S. crude breaking below $48 a barrel for the first time in more than a month. Civil unrest has crimped the country’s oil production due to repeated shutdowns of oil fields and pipelines. “The interpretation would be that Libyan production and exports would be increasing in the next couple of months, adding to supplies in an already oversupplied market,” said Andy Lipow, president of Lipow Oil Associates. That has added a

Trump on Tuesday threatened a shutdown beyond the September deadline, and Mulvaney said he had “no problem” with that scenario if it changes what he called “business as usual” in Congress. Schumer and other Democrats spoke positively about the bipartisan deal Monday, because it did not include as much border security funding as Trump sought, among other things they highlighted. Republicans quickly flipped the script Tuesday, with Trump, House Speaker Paul Ryan and Mulvaney talking up a $21 billi

Twilio shares plunged 30 percent in extended trading after the software developer gave a forecast for second-quarter and full-year revenue that fell short of analysts’ estimates. Revenue in the period ending June will be between $85.5 million and $87.5 million, while sales for 2017 will be as high as $362 million. Analysts were projecting $87.8 million for the second quarter and $370 million for the year, according to FactSet. Twilio’s communications software is used by companies ranging from Ub

President Donald Trump may sign a divisive executive order on religious liberty as soon as Thursday, Politico reported, citing multiple people familiar with the situation. Politico added that the White House has invited conservative leaders to the White House on Thursday for the National Day of Prayer. Vice President Mike Pence is known for pushing for religious freedom measures when he was governor of Indiana. Still, plans for possible executive orders that did not come to pass have leaked out

Shares of Etsy tumbled 14 percent in extended trading Tuesday after the retail website announced Chad Dickerson “will step down as CEO and Chair of the Board of Directors,” effective May 3. The company named Josh Silverman as the incoming CEO and Fred Wilson as the new chair of the board, according to a press release on Tuesday. Wilson joined the board in June 2007 and has served as lead independent director since October 2014, according to Etsy. The company also reported earnings after the bell

Apple hit an all-time high before posting earnings that disappointed Wall Street. Apple briefly hit a market capitalization of more than $776.59 billion on Tuesday, topping its previous peak market value of $774.91 billion to remain the only U.S.-listed stock with a market value of more than $700 billion. Even with other tech stocks near record highs, Apple dwarfs Alphabet, at $646.6 billion, Microsoft at nearly $536.4 billion and Amazon at $451.5 billion, according to FactSet. Boosted by the ri