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MARKETS LIVE BLOG:

STOCKS CLIMB AS DOW POSTS 8TH STRAIGHT WIN

Fed's Michelle Bowman echoes higher-for-longer mantra for interest rates

Bank of America Beats, Tesla Delays Major Product Announcement

TheStreet

Bank of America ( ) is the latest U.S. bank to beat expectations. The company beat expectations on both earnings and revenue. Earnings came in at 41 cents a share versus 34 cents a share. Revenue was $21.6 billion versus $20.9 billion expected. Tesla ( ) has postponed the unveiling of a new product today. CEO Elon Musk delayed the much promoted announcement for 2 days. He says it needs 'refinement'. There is lots of speculation about the new Tesla product. There are rumors that it could be a modified version of Tesla's Model X SUV, a vehicle many are referring to as the Model Y. Another idea is a more sophisticated camera that would make Tesla vehicles safer than before. Cowabunga! The Simpsons marked a TV milestone. It aired its 600th episode last night. The animated show premiered in 1989 and is only behind 'Gunsmoke' in terms of the most episodes for a scripted, prime time show.