Tesla second-quarter revenue misses, shares fall

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Tesla second-quarter revenue misses, shares fall

Tesla Inc reported second-quarter revenue that missed analysts' estimates on Wednesday, sending its shares down nearly 8% in extended trading.

Top U.S., China trade negotiators to meet in Shanghai next week

Top U.S. and Chinese negotiators will meet face-to-face next week for the first time since Presidents Donald Trump and Xi Jinping agreed to revive talks to end their year-long trade war.

Ford results dented by restructuring, gives low '19 forecast

Ford Motor Co on Wednesday reported a lower-than-expected profit, weighed down by charges to restructure its units in Europe and South America, and the automaker gave a full-year earnings forecast that fell short of analyst expectations.

Surging chip stocks propel S&P 500 and Nasdaq to records

The S&P 500 and Nasdaq hit record highs on Wednesday after reassuring comments from Texas Instruments about global chip demand blunted the impact of weak earnings reports from Boeing and Caterpillar.

S&P 500, Nasdaq hit record highs; euro drops on soft data

Tech companies led the S&P 500 and the Nasdaq to record closing highs on Wednesday but the Dow lost ground on downbeat earnings, while the euro dropped to a two-month low, pressured by soft economic data.

Cable firm Charter submitted plan to buy Sprint/T-Mobile assets: sources

Charter Communications submitted a proposal to the Justice Department to buy telecom assets being sold under the T-Mobile US Inc and Sprint Corp combination, but never heard back from the agency, three sources familiar with the matter said.

Facebook revenue beats estimates; discloses antitrust probe

Facebook Inc beat analysts' estimates for revenue on Wednesday, even as the world's largest social network agreed to pay a $5 billion fine over data privacy and announced a U.S. antitrust investigation.

Nasdaq short interest up 0.8% in early July

Short interest on the Nasdaq rose 0.8% in early July, the exchange said on Wednesday.

SoftBank to announce $40 billion investment in second Vision Fund: WSJ

SoftBank Corp is expected to announce a $40 billion investment in its new technology fund, the Wall Street Journal reported on Wednesday.

Oil falls 1% despite large U.S. stockpile decline

Oil prices fell 1% on Wednesday, failing to draw lasting support from a large decrease in U.S. crude stockpiles as investors worried about global oil demand.

Facebook to pay record $5 billion U.S. fine over privacy violations; critics call it a bargain

Facebook Inc will pay a record-breaking $5 billion fine to resolve a government probe into its privacy practices and the social media giant will restructure its approach to privacy, the U.S. Federal Trade Commission said on Wednesday.

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