Here's Myles Udland with a look ahead at what will be making headlines on Wednesday.Read More »
Tesla (TSLA) shares fell Tuesday following a bearish report saying the maker of all-electric vehicles will continue to lose money on an annual basis through 2019. XAutoplay: On | OffJefferies analyst Philippe Houchois initiated coverage of Tesla with an underperform rating and price target of 280, which is 26% below where the shares currently stand. Tesla shares were down 2%, near 377.10 during morning trading in the stock market today. Tesla shares are up 77% this year. "It is with a bit of a heavy heart that we initiate coverage of Tesla at underperform," Houchois wrote in a note to clients Tuesday, saying that boosting production remains the main challenge for Tesla. "Achievements to-date
Most Asian indexes closed largely unchanged on Wednesday as investors awaited monetary policy news coming at the conclusion of the U.S. Federal Reserve's two-day meeting. Japan's Nikkei 225 (Nihon Keizai Shinbun: .N225)edged up 0.05 percent, or 11.
According to a recent note by equity research firm Jefferies, there's evidence that mass-market retailers like Target are now lowering prices to compete with Lidl, which has 10,000 global stores but just came to the US.