Corporate earnings forecasts for the second quarter were lowered so much that companies are easily beating them.Market Insiderread more
The central bank is not normally in the business of easing into an economy that is showing few signs of a recession, generally holding fire until more pronounced signs of a...The Fedread more
His case for gold comes as central banks get more aggressive with policies that devalue currencies and are about to cause a "paradigm shift" in investing.Marketsread more
Challenging conditions in the U.S. housing market, along with tighter currency controls by the Chinese government, cause a stunning drop in foreign demand for American homes.Real Estateread more
House Speaker Nancy Pelosi says she wants her chamber to vote on a debt ceiling and budget deal by July 26.Politicsread more
Philips has acquired a start-up that texts you about your poop. That's Medumo, a Boston-based company, which works with hospitals to guide their patients through common...Technologyread more
The "'Cadillac tax," set to go into effect in 2022, is unpopular with both Republicans and Democrats, who say it punishes the middle class.Health and Scienceread more
The declaration comes days after a case of the virus was confirmed in the Congolese city Goma, which borders neighboring country Rwanda.Health and Scienceread more
Federal Judge William Pauley wrote in a court filing made public Wednesday that materials related to a campaign finance probe of Cohen should be unsealed — and denied a...Politicsread more
The U.S. economy continued growing at a "modest" rate in recent weeks, with consumers continuing to spend and a "generally positive" outlook overall even in the face of...Economyread more
CSX said it expects revenue to fall as much as 2% in 2019, well below a previous forecast of an increase of 1% to 2%.Marketsread more
Chipperfield comes to the new role with years of digital retail experience. Chipperfield most recently worked in Apple's "Special Projects" division, where he was said to have worked on digital retail strategy for the Apple Watch, according to an article in Electrek. The Special Projects division is also where Apple's Titan car project is housed, according to the article. Before that Chipperfield was Burberry's vice president of digital and interactive design.
Tesla confirmed Chipperfield's new title but wouldn't discuss further details regarding his new role with CNBC.
Both Tesla and Apple have hired executives from Burberry over the last few years. Chipperfield joined Apple after Burberry chief executive Angela Ahrendts was hired to run Apple Retail, and Tesla has hired Burberry executives in various retail positions.
Tesla investors and analysts are awaiting a sequel to a "Top Secret Master Plan" founder and chief executive Elon Musk teased last week in a tweet.
Speculation on what the plan will include ranges from how the company would benefit from a recently proposed acquisition of SolarCity, to how it could solve its problems meeting customer demand, to its plans for its Gigafactory facility.