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U.S. Backs off Trump Tweet on Saudis Helping Lower Oil Price

Jul.01 — The White House is appearing to back off a tweet sent by President Trump claiming that he has persuaded Saudi Arabia to boost oil production to its maximum capacity which could affect the fragile OPEC truce and stoke the kingdom’s rivalry with Iran. Bloomberg’s Ros Krasny reports on “Bloomberg Daybreak: Asia.” …read more […]

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Amazon poached 30 executives from Microsoft in the past 3 years — 6 times as many executives as the next lead poacher, Google (AMZN)

Amazon poached more Microsoft executives from 2015 to 2017 than any other tech company, CNBC reports, citing the data-collecting startup Paysa. Microsoft is known for churning out quality employees, but while other tech giants took two (Apple and eBay) or five (Google) execs in those three years, Amazon managed to poach 30. Proximity most likely has a lot to do with the migration, but Amazon’s innovation and compensation are said to also be deciding factors, especially for employees who have already spent years at Microsoft. …read more […]

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Exclusive – Tesla hits Model 3 manufacturing milestone, hours after deadline: factory sources

Tesla Inc nearly produced 5,000 Model 3 electric sedans in the last week of its second quarter, with the final car rolling off the assembly line on Sunday morning, several hours after the midnight goal set by Chief Executive Elon Musk, two workers at the factory told Reuters. It was not clear if Tesla could maintain that level of production for a longer period of time. Musk said the company hit its target of 5,000 Model 3s in a week, according to an email sent to employees on Sunday afternoon and seen by Reuters. …read more […]

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Exclusive: Tesla hits Model 3 manufacturing milestone, hours after deadline – factory sources

Tesla Inc nearly produced 5,000 Model 3 electric sedans in the last week of its second quarter, with the final car rolling off the assembly line on Sunday morning, several hours after the midnight goal set by Chief Executive Elon Musk, two workers at the factory told Reuters. It was not clear if Tesla could maintain that level of production for a longer period of time. “I think we just became a real car company,” Musk wrote. …read more […]