By Rachael Levy
(Reuters) -A relatively little-known information technology executive is running Tesla's sales team as the electric carmaker grapples with a sales freefall, according to people familiar with the matter.
Raj Jegannathan, a senior executive with a wide purview including several IT and data functions, recently took over the sales role, said the people familiar with the matter. Some inside Tesla have interpreted this to mean that... (continue reading...)
Investing.com -- Chevron Corp. (NYSE: CVX) says the closing of its $53 billion agreement to buy Hess Corp (NYSE: HES). will reduce uncertainty for other deals in the oil industry.
The International Chamber of Commerce ruled Friday in favor of Hess and Chevron, eliminating concerns that contracts used for partnerships like the one for Guyana’s giant oil field could be used to "peel assets out of a corporate level transaction," according to Chevron Chief Executive... (continue reading...)
Investing.com -- Bank of America raised its price target for Microsoft (NASDAQ: MSFT) shares to $585 from $515 in a note Friday ahead of the company’s fiscal fourth-quarter results, citing continued momentum in cloud infrastructure, strong partner feedback, and early signs of traction from its AI Copilot tools.
BofA said partner checks ahead of the July 30 earnings report suggest deal activity in Q4 was “largely in line” with the previous quarter, supporting a “0-1%... (continue reading...)
Investing.com -- U.S. President Donald Trump has increased his demands in trade negotiations with the European Union, now seeking a minimum tariff of 15 to 20 percent in any potential deal, according to a report from the Financial Times, citing people briefed on the discussions.
The tougher position comes after weeks of talks that had focused on maintaining a baseline tariff of 10 percent on most goods. Trump has also reportedly been unresponsive to the EU’s latest... (continue reading...)
(Reuters) -U.S. President Donald Trump is pushing for a minimum tariff of 15% to 20% in any deal with the European Union, the Financial Times reported on Friday, adding that the administration is now looking at a reciprocal tariff rate that exceeds 10%, even if a deal is reached.
Trump has also been unmoved by the latest EU offer to reduce car tariffs, and would keep duties on the sector at 25% as planned, the report said citing unnamed sources.
... (continue reading...)More General News
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