Tesla exec Raj Jegannathan leaves automaker after 13 years

Tesla exec Raj Jegannathan leaves automaker after 13 years

Tesla electric vehicles outside the company’s manufacturing facility in Fremont, California, Feb. 24, 2025. Mike Kai Chen | Bloomberg | Getty Images Tesla Vice President Raj Jegannathan, a 13-year veteran of the automaker, announced his departure from the company on Monday in a LinkedIn post. Jegannathan’s most recent role was vice president of information technology,…

Read More
Target steps up investment in store staffing, cuts about 500 other roles

Target steps up investment in store staffing, cuts about 500 other roles

Target said Monday that it’s stepping up store staffing, but eliminating about 500 jobs in distribution centers and regional offices as it tries to win back shoppers who have complained about sloppier shelves, out-of-stock items and longer checkout lines. In an internal employee memo obtained by CNBC, the big-box retailer said it’s making changes to…

Read More
AI spending is spooking investors. But history shows that’s when you want to buy

AI spending is spooking investors. But history shows that’s when you want to buy

Big Tech’s spending plans are spooking investors as of late, but these plans could also signal a buying opportunity, according to Canaccord Genuity. Stocks sold off last week as the latest quarterly reports from Microsoft, Meta Platforms, Amazon and Alphabet revealed stepped up capital expenditure plans that revived worries about the spending if AI fails…

Read More