Global Markets Inch Up Ahead of Data-Heavy Week
Oil prices eased ahead of President Trump and Russian President Vladimir Putin's meeting in Alaska later this week, while gold futures slumped after Friday's sharp gains.
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Trump reportedly signs order granting another 90-day extension on harshest China tariffs
President Trump on Monday signed an executive order implementing another 90-day pause on additional tariffs on China that were set to take effect on Tuesday, reports said. The move again pushes off a deadline for imposing the harshest taxes on Chinese imports as the two sides continue negotiations on a deal. Reports from CNBC, The Wall Street Journal, and The Washington Post all said the president had signed the order, which will push the deadline for these tariffs back to Nov. 9. The White House didn't immediately respond to a request for comment. The extension appears to mean that headline rates agreed to in May of 30% on Chinese imports and 10% on American goods will continue for the immediate future and avoid a snap-back to previous triple-digit levels. Sector-specific tariffs on goods like steel and some medical supplies will keep the effective tariff rate between the two countries higher. The reported tariff agreement also comes amid an increased focus from Trump in recent days on Russia and the war in Ukraine, with Trump putting an additional 25% tariff on imports from India over that nation's consumption of Russian oil. The new pause could also increase the odds for a meeting later this year between Presidents Trump and Xi. The two men's teams have both floated the concept of a face-to-face meeting, perhaps as soon as the coming Asia-Pacific Economic Cooperation summit in South Korea at the end of October. Monday's announcement also came after three meetings of the two trade teams in recent months — gatherings that took place in Geneva in May, London in June, and Stockholm in July — resulted in signs of progress though tensions remain between the two sides. He Lifeng, China's vice premier for economic policy, has represented his country at all three meetings. A representative for He — Chinese trade negotiator Li Chenggang — said after the most recent round in Sweden that the two sides had 'candid exchanges over their economic concerns,' according to a translation. Certain issues like semiconductors, including a plan to allow the resumption of Nvidia's (NVDA) AI chip exports to China, as well as Chinese exports of rare earth minerals have been most in focus of the talks so far with a long list of issues between the two nations still to discuss. Over the weekend, the Trump administration struck a deal with Nvidia and AMD to allow those chipmakers to sell some chips into the Chinese market in exchange for a 15% cut of the sales.
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Tesla Stock Nears Breakout as Model Y Demand Soars Ahead of Tax Credit Cut
Aug 11 - Tesla (NASDAQ:TSLA) shares extended their winning streak Monday, climbing 3.5% to $341.8 and aiming for a fourth consecutive day of gains. The move puts the stock on the verge of a potential technical breakout, with chart watchers flagging $368 as the next key target if it can hold above the $338 resistance level, according to strategist Mark Newton. Warning! GuruFocus has detected 4 Warning Signs with PSKY. Fresh data on Tesla's order backlog shows Model Y wait times stretching to four-to-six weeks, up from one-to-three earlier this summer. The jump suggests rising demand, likely fueled by buyers rushing to secure the soon-to-expire $7,500 federal tax credit. The incentive, scaled back under President Donald Trump's July 4 tax bill, has created a sense of urgency among prospective EV owners. Year to date, Tesla shares remain down about 18%, reflecting a challenging first half. However, over the past 12 months, the stock has rallied roughly 65%, supported by improving production metrics, pricing stability, and renewed enthusiasm for the company's growth story. For many Tesla bulls, the real long-term catalyst remains the company's autonomous-driving technology. Advocates believe its progress in full self-driving capabilities could open up entirely new revenue streams and transform Tesla's earnings profile over the next decade. This article first appeared on GuruFocus.
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Cask NX Rebrands to Ondaro, Appoints Veteran ServiceNow Ecosystem Executive Jeff Gregory as CEO
New brand and leader to accelerate next wave of global growth SAN DIEGO, August 11, 2025--(BUSINESS WIRE)--Cask NX, a ServiceNow Elite Partner focused on advisory, operational, and transformation services, today announced a global rebrand with its new name "Ondaro," and the appointment of Jeff Gregory as Chief Executive Officer, effective August 1, 2025. Gregory joins Ondaro from Stova, where he served as Chief Operating Officer and led company operations, culture, and market positioning. Prior to Stova, Gregory served as Thirdera's CIO & Global Integrations leader and worked as the former CEO of NovoScale, which was acquired by Thirdera in January 2021. Gregory succeeds Jason Rosenfeld, Cask NX's former Chief Executive Officer. "Jeff is a visionary leader with deep roots within the ServiceNow ecosystem," said Dimitris Geragas, Chairman of the Board, Ondaro. "He has a proven track record of leading through change and scaling companies to new heights. The appointment of Jeff to CEO, paired with the introduction of our innovative new brand, Ondaro, aligns with our company's next phase of accelerated growth." Derived from the Spanish word "onda," which means "wave," Ondaro evokes the feeling of forward motion and progress. This new brand reflects the company's coastal roots, nods to its expanding Americas presence, and represents the direction it's headed. "We have entered an era of rapid technological change, and with our clients we are redefining how the ServiceNow platform delivers value," said Jeff Gregory, CEO of Ondaro. "As the landscape shifts, we're expanding our solutions and serving a broader range of customers. Ondaro leads this evolution as a trusted partner, guiding organizations through transformation. This name and brand reflect our people, our growth, and the opportunities ahead." For more information about Ondaro and to see the brand in action, please visit About Ondaro: Ondaro (formerly Cask NX) is a pure-play ServiceNow Elite Partner focused on designing, enabling and sustaining digital transformation on ServiceNow. With a focus on end-to-end business transformation, Ondaro is committed to helping its clients move with meaning, challenge the status quo and realize the full power of ServiceNow to achieve their strategic goals. Ondaro takes organizations from "this is how we've always done it" to "imagine what's next." For more information, visit View source version on Contacts Media Contact: Abi Blanchard, Greenough Agencyondaro@ M: 910-271-3034 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
