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Opening Expect April 1st
At Home, the Plano, Texas-based home decor superstore retailer that will occupy the former Macy’s store in Nanuet, is set to open April 1st, according to a source close to the deal.
The fast-growing retailer, which plans to open grow its chain from about 180 to more than 600 stores, is trying to defy the odds as home furnishing stores nationwide are collapsing under the weight of internet sales.
At Home has signed a 10-year lease for the 100,000-square-foot store. The brand is a “self-help,” warehouse-style home décor superstore that generally sells more than 50,000 home furnishing items in a variety of styles and for low prices. Offerings include furniture, mirrors, rugs, art, housewares, patio, and seasonal products. At Home does not sell online. The company believes women, who comprise 85% of its consumer base, want a tactile shopping experience. More than 400 new products arrive on the shelves weekly.
Internet Sales Crushing Retailers
Nevertheless, UBS estimates that up to 16% of total retail sales today are Internet based, and that number is expected to rise to 25% by 2026. Based on this projection, UBS estimates the number of store closings will hit 75,000 in just six years.
Hardest hit among retailers are clothing brands, consumer electronics companies and home furnishing businesses. Analysts are closely watching the furnishing trade’s home decor, accessories and gift sectors following a nearly unprecedented series of store closings over the first month of 2020. The closures of stores like Bed, Bath and Beyond, Pier 1, Macy’s and Kirkland’s could benefit stores such as Target, HomeGoods, Wayfair, At Home and even Walmart.
According to the Telsey Advisory Group, Wayfair, HomeGoods, Target and At Home to be best positioned to pick up market share. Data and traffic tracking company
At the start of January, Pier 1 Imports, struggling to stay out of bankruptcy, said it was closing half of its entire retail fleet, amounting to some 450 stores. Many observers think this is in fact a prelude to Chapter 11, and that it’s possible that the entire chain will eventually close. The home goods retailer Bed Bath & Beyond has sold about half of its real estate including stores and at least one distribution center to a private equity firm and lease the space back to pay down debt.
Kirkland’s, the home decor chain known for its nostalgia-tinged accents, said it would close 27 of its 432 locations, or about 6 percent of its total. Of less importance to home accent companies but still a large presence in the overall gift space, stationery resource Papyrus filed for bankruptcy in January and is liquidating everything, including its 245 retail locations.
Meanwhile, Bed Bath & Beyond has already announced last October that it would close 60 more stores this year, including 40 under its namesake banner, and indicated more shake-ups to come in 2020. The Palisades Center location is shuttering its store.
Other national retailers, like Macy’s, J.C. Penney, Sears, Kmart and Kohl’s have all announced store closings over the past few months. Macy’s, which has a home furnishings department featuring private label brands like Home Design and Charter Club, is closing at least 28 stores this year including one Bloomingdale’s location, which also has a home furnishings department, the company disclosed.
Overseas, Ikea has confirmed plans to shut its Coventry store, marking the first major UK site closure since the Swedish retailer arrived in the UK. The planned closures come as the company deals with less foot traffic.
Net sales for the third quarter plummeted more than 13 percent to $358.4 million. That number was $413.2 million in the same quarter for the previous fiscal year. Company comparable sales fell more than 11 percent compared to the same period a year ago.
As retailers including Pier 1 Imports and Macy’s shutter stores, RH, formerly Restoration Hardware, is thriving.
Despite RH’s plummeting stock two years ago, the home store has bounced backed. RH’s stock has increased 70 percent over the past 52 weeks and the company reported year-over-year earnings growth of 66 percent with revenue climbing nearly 8 percent.
Andrew Left, author and editor of online investment newsletter Citron Research, said reported that RH could be bought this year and named Warren Buffett’s Berkshire Hathaway and Amazon as potential suitors.
Left also noted, “RH is the only luxury platform with no competition, a tremendous moat, a brand that is loved by millennials, and a business that has yet to go international, and most importantly the most desirable buildings in almost every major U.S. city.”
It’s quite a turnaround for the luxury home retailer, which sells its merchandise at its retail stores, online and through a catalog. Located in Corte Madera, California it revamped its business model in 2017 and raised its prices, elevating itself to compete with brands like Crate & Barrel, Ethan Allen and Pottery Barn.
It specializes in modern home furnishings and the beach and ski second home market charging thousands of dollars for coffee tables, beds, rugs, and art. Its Manhattan upscale rooftop restaurant with a menu curated by famed Chicago restaurateur Brendan Sodikoff of New York City steakhouse 4 Charles Prime rib is a pull for consumers.


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As West Coasters travel the country’s other side, watch for more breweries with familiar names.
If you’re traveling east of the Mississippi and crave a fresh beer from the west side of the country, no need to suffer. Craft breweries are on the move.
Colorado’s Oskar Blues Brewery started the great craft-beer migration a few years ago, when it delighted fans by establishing a second location in Brevard, N.C., a small mountain town.
Since then, California-based Sierra Nevada Brewing Co. and Lagunitas Brewing Co. have followed suit. Sierra Nevada opened a sprawling brewery, tap room and restaurant in Mills River, N.C., while Lagunitas set up shop in Chicago. Colorado-based New Belgium Brewing has opened a production facility and tasting room in Asheville, N.C., and later this year will bring a flashy satellite site from San Diego’s Green Flash Brewing to Virginia Beach, Va. And Oskar Blues has not slowed down, opening a third location just a week ago, staking the middle ground — Austin, Texas.
At Sierra Nevada’s spot flanking the Blue Ridge Mountains, visitors can dine at the 400-seat restaurant and catch a show in the amphitheater.
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The new Oskar Blues spot, while in a booming region, “stays true to our culture — amazing food and music in a very active outdoor city,” said Chad Melis, marketing director.
And the migration continues. This spring, Oregon’s largest brewery, Bend-based Deschutes, announced its planned expansion — to Roanoke, Va.

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The countdown to Miss Universe Ireland is fast approaching, and another exciting sponsor has joined one of Ireland’s most highly anticipated events!
The competition for confidently beautiful and empowered women has recently revealed its list of sponsors, and some amazing sponsors such as Make Up For Ever and Leeson Beauty Lounge are returning for another year.
However there is a new sponsor coming on board for 2019 that we are very excited about!
Coming on board as evening wear sponsor is So Amazing Couture, the high end online clothing boutique.
With an array of dresses from day time looks to occasion ensembles, there is a style to suit any event!
From jewel encrusted mini-dresses to floor sweeping gowns, So Amazing Couture can sort you from your birthday party to your best friend’s wedding.
Miss Universe Ireland pageant director, Brittany Mason, along with host James Patrice and 2018 champion Grainne Gallanagh, will decide which of the 28 finalists will be crowned the winner and take home over €70,000 in prizes in the Round Room of the Mansion House on August 1.
This year’s competition is set to be the best yet with some incredible National and International sponsors on board. You can read the full list here.


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Graco, a division of Newell Rubbermaid is a leading manufacturer of children’s products. The company makes everything from car seats to baby monitors. New Orleans’ residents may not be aware that last week, the company announced a major recall of some of it’s car seats due to defective harness buckles.
The recall affects the following models that were manufactured between 2009 to 2013: Cozy Cline, Comfort Sport, Classic Ride 50, My Ride 65, My Ride with Safety Surround, My Ride 70, Size 4 Me 70, Smartseat, Nautilus, Nautilus Elite and Argos 70. The recall is due to a complaint by parents that the buckles are difficult to open. Some parents reported that they had to cut the straps to remove their children from the car seat. The company was sued in a wrongful death suit by the family of a 2-year-old girl who was killed in a fire after a car accident. She was seated in a Graco Nautilus car seat at the time of the accident.
Graco calls the recall an act of extreme caution but the National Highway Traffic Safety Administration would like to see the recall go further. The safety agency would like to see the recall go even further and include these models: Snugride, Snugride 30, Snugride 32, Infant Safe Seat-Step 1, Snugride 35, Tuetonia 35 and Snugride Click Connect 40.
Parents who are concerned about their children’s car seat may want to contact the company. Consumers who have been injured by the liability of a product may have serious injuries that require long term medical care. To receive full compensation from a manufacturer may require the assistance of a product liability attorney.


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Straight Talk Lands LG Optimus Q
Straight Talk recently added the LG Optimus Q to its lineup, the pre-paid carrier's second Android smartphone. The Optimus Q will cost $179.99 and require a $45 monthly plan. Straight Talk is operated by TracFone, and its Android devies run on Sprint's network.
Jul 13, 2020
US carriers have launched a flurry of new entry-level phones from LG and Samsung in recent weeks. The phones include three new models from each of the two manufacturers.
Aug 10, 2018
All the major carriers in the U.S. plan to sell the Samsung Galaxy Note9 when it becomes available August 24.
Oct 31, 2018
ZTE is taking its first, cautious steps in staging a comeback in the U.S. market with two entry-level phones that can run on Sprint, Verizon, and GSM networks.
Sep 14, 2020
Verizon has reached an agreement to buy TracFone, the country's leading prepaid mobile provider and largest reseller of wireless services. TracFone operates a family of value-oriented brands that includes StraightTalk, Net10, Simple Mobile, Total Wireless, PagePlus, Walmart Family Mobile, SafeLink, and ClearWay.


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Geordie presenting duo Ant and Dec star in Morrisons' new Christmas TV ad, which sees an animated gingerbread man serenade them.
The advert, which launches on Friday 8 November during Coronation Street, features the TV personalities enjoy some of the supermarket's festive food, while popping crackers.
Disney classic ‘Be Our Guest’ soundtracks the clip, which was made famous by Beauty and the Beast.
Morrisons' currently sponsors the duo's Saturday Night Takeaway, which they are taking on tour across the UK next year.
Marks & Spencer recently revealed their Christmas campaign, starring Rosie Huntington-Whiteley, Helena Bonham Carter and model David Gandy.
Ant and Dec will miss much of the build-up to Christmas, as they jet off to Australia for the much-loved I'm a Celebrity.
ITV's popular reality show begins its thirteenth series on Sunday 17 November at 9pm on ITV, with footballer Paul Gascoigne and Westlife's Kian Egan both rumoured to be heading down under.
Take a look at the famous faces that could be appearing on I'm a Celebrity... Get Me Out of Here! in the gallery below.


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It's not just that the odometer reads 156,706 miles (two-thirds the distance to the moon). Vast sheets of white paint have peeled from its hood, roof and fenders. Corrosion on the leading edge of its nose forms a "rustache" of sorts. And for this high-mileage, balding beater, Mohr wants a tony $3,000 ($2,995 in dealer-speak). Sure, it needs a paint job, the dealer ad noted, but it "runs great and the transmission shifts great."
An extreme case, perhaps, but used prices broadly have been climbing: Last month, the average used-car transaction was for $19,345 vs. $16,586 a year earlier, according to Edmunds.com. Last year, used-vehicle prices generally were 10% to 15% higher than in 2009. The upside for consumers hunting for a new car is that their trade-ins may be worth more. For dealers, at least for those willing to reflect higher values in a trade allowance, this trend could jump-start new-car sales that have stalled when the economy crashed in late 2008.
Higher trade-in equity will be among the key drivers "that will sustain new vehicle sales increases in future months," National Automobile Dealers Association economist Paul Taylor declared last month.
"Cars are holding better value, which is good for consumers," said Bill Skillman, a principal of the city's Ray Skillman chain of new-car dealers.
Click here to read the full story from the Indianapolis Business Journal.


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IIGF to be held at Greater Noida
The upcoming 61st edition of Indian International Garment Fair (IIGF) scheduled to take place from 16 to 18th July 2018, will be held at Expo Mart, Greater Noida. Earlier the event used to take place at Pragati Maidan (Delhi). The decision has been taken due to the ongoing construction work at Pragati Maidan being held in full swing. AEPC, the organisers of the show, have claimed that there will be no trouble due to change in venue. “Expo Mart is a world-class venue and all kinds of amenities are already available there. Noida is also a world-class city and we are offering hotel stay in Noida, pick and drop to the buyers and buying houses (apart from Delhi-NCR), so there will be no inconvenience to anyone,” informed Lalit Thukral, Chairman, Exhibition Advisory Committee (EAC), AEPC. He further added that UP will be a partner state for the event as the State Government is promoting apparel manufacturing in Noida. Also Noida was recently announced ‘City of Apparels’ by the UP Government. Focusing on Spring/Summer 2019 collections, the show is expected to witness participation from nearly 550 exporters from across India.


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WIIX, a Canada based cryptocurrency exchange announces its Beta Testing
The exchange will finally be functional from May 1 for the public to provide their services. The languages support would be in English, Korean, Japanese and Mandarin Chinese. WIIX exchange is assisting users in fluctuating prices of cryptocurrencies. Their solutions include cryptocurrency payment app, a prepaid card and a point-of-sale system.
WIIX plans to create a new cryptocurrency dubbed WIIX Pay.
WIIX digital currency exchange allows trading in Bitcoin (BTC), Ethereum (ETH), WIIX Coin (WIIX), Ripple (XRP), Bitcoin Cash (BCH), Litecoin (LTC), Dash (DASH), Monero (XMR), Ethereum Classic (ETC), Bitcoin Gold (BTG), ZCash (ZEC) and Iota (IOTA).
WIX features for digital currency transactions are Coupled cryptocurrencies, POS Systems, Payment Cards etc.
Image via Shutterstock


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A cannabis factory with more than 300 plants was uncovered inside a town centre flat after people reported their suspicions to the police.
Officers raided the home in Market Street, Ashby, early today, finding cannabis with a sale value of up to £60,000.
The factory included 200 immature plants, 138 fully grown ones and a large quantity of bagged up cannabis ready for sale.
PC Joel Tarplin, the investigating officer, said: “This is by far one of the biggest seizures of cannabis we have had in the local area.
"The warrants were executed after information was received about suspicious activity in the property.
“Enquiries are continuing into the find and the plants, some of which were bagged up and ready for distribution, are being removed from the property.
“This action has resulted in preventing drugs with an estimated street value of between £55,000 and £60,000 from hitting the streets of Leicester, Leicestershire and Rutland.”
Two Ashby men, aged 29 and 43, have been arrested on suspicion of cultivating cannabis and remain in police custody.
Pc Tarplin appealed for anyone with suspicions about potential cannabis factories elsewhere in the county or drug offences of any kind to call Leicestershire Police on 101 or call Crimestoppers anonymously on 0800 555 111.


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While the average new car on the road today costs nearly $37,000, there are still plenty…
While the average new car on the road today costs nearly $37,000, there are still plenty of vehicle options available at a more affordable price that don’t sacrifice comfort and style.
The expert editors at Kelley Blue Book name the 10 Coolest New Cars Under $20,000 for 2019, proving you can find a dynamic and less expensive vehicle that still turns heads. The 2019 Kia Soul takes the No. 1 spot on this year’s list.
Here’s the complete list of 2019 cars:
Toyota Corolla Hatchback
“Stylish designs, affordable price points, and loaded with technology and safety features – this year’s Coolest Cars check all the boxes for today’s car shoppers,” said Michael Harley, executive editor for Kelley Blue Book. “With functional and fashionable looks inside and out, the Kia Soul tops this year’s list with its alluring combination of bold style, SUV-like versatility, practicality, and low ownership costs.”
Two longstanding criteria – that the vehicle is both fun to drive and fun to own – are critical among the deciding factors of what Kelley Blue Book editors freely admit is a very subjective “cool factor,” which is also the over-arching No. 1 criterion for a vehicle to place on this list.
Each vehicle is available for purchase starting at $20,000 or less, using Kelley Blue Book’s exclusive Fair Purchase Price as the yardstick.
See KBB.com’s full coverage of the 10 Coolest New Cars Under $20,000 for 2019, including full editorial comments about each model, pricing details, vehicle photography, inventory and more, at https://www.kbb.com/car-news/coolest-new-cars-under-20000/2100005410/.


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As the war to end the use of plastic bags at retail POS (point of sale) rages on in cities across California (and America), the most recent of the 50 states, Hawaii, has become the first in the country to outlaw plastic bags outright.
The statewide ban came as a result of Honolulu, the last holdout among Hawaii’s cities and counties, banning usage of the bags earlier this month.
As reported by the Honolulu Star Advisor, the city’s Mayor Peter Carlisle signed off on the plastic bag ban on May 10 after City Council approved it by a margin of 7 -1 late last month. The Honolulu ban goes into effect on July 1, 2015.
But according to Treehugger, loopholes in the bill render it less than 100 percent effective. Running down the laundry list of exemptions cited by KHON 2, plastic bags can still be used to package loose items (produce, grains, coffee, etc.), prepared foods, frozen foods, flowers and even prescriptions.
"We hope people are going to understand that between now and 2015 we're going to be hoping that more and more of them are going to be bringing their own bags to the grocery stores, reducing the problem that plastic bags are already causing," Honolulu Mayor Carlisle said upon signing the bill.


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Uber signs deal with NASA to develop flying electric taxis
The American taxi-hailing company has signed a deal with NASA making them one step closer to their autonomous flying taxi plan.
The service web contract was announced by Uber’s Chief Product Officer, Jeff Holden, at Lisbon’s Web Summit.
The firm plans to test the dubbed Uber Elevate in Los Angeles by 2020, with some form of service being available for the 2028 LA Olympics.
The four-passenger taxi would be completely powered by electric and could travel at speeds of 200mph, which Uber claims could cut down 80-minute journeys stuck in traffic to only 4 minutes.
This is part of Uber’s plans to go greener, as it plans to ban all diesel and electric cars in the UK by 2020.
Uber and NASA will be developing autonomous software, as opposed to actual vehicles.
“Doing this safely and efficiently is going to require a foundational change in airspace management technologies. Combining Uber’s software engineering expertise with Nasa’s decades of airspace experience to tackle this is a crucial step forward,” stated Jeff Holden.
The company has also previously partnered with Dallas-Forth Worth and Dubai to help makes its plans a reality on time.


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The slide-out design is not new in the world of mobile phones and was implemented years ago to hide the physical keyboard. That design is slowly coming back in a sort of renaissance, this time to hide the cameras in an effort to make the device look more seamless. Here are some of them.
Vivo NEX S
Vivo was one of the first brands to introduce the slide-out design in a smartphone this year.
Read full post here:


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The charity partnership launches on Tuesday 18 February with a popcorn party and special guest Lydia Bright, fashion designer and former star of The Only Way is Essex, at CLIC Sargent’s Home from Home in London.
Children and young people living with cancer and their families who have been supported at Paul’s House near University College London Hospital and Great Ormond Street are in for a treat, as they celebrate the partnership launch with CLIC Sargent supporter Lydia.
For every pack of CLIC Sargent Salt Topcorn sold, Metcalfe’s skinny will make a donation to the charity. The funds raised could pay for vital services such as 1,000 nights in one of CLIC Sargent’s Homes from Home, which provide free self-catering accommodation near to specialist hospitals.
Lucy Caldicott, Director of Fundraising at CLIC Sargent says: “We are very excited about our fresh new partnership with Metcalfe’s skinny as we will be able to raise great awareness of the range of support we provide on one of their popular products.”
Julian Metcalfe, Creative Director and Chairman of Metcalfe’s Food Company says: “We are looking forward to our three-year partnership with CLIC Sargent, to help ensure that every child and young person living with cancer gets the most out of life as possible.”
At 108 calories a bag, Metcalfe’s skinny’s deliciously light popcorn is the perfect healthy snack, whether on-the-go or relaxing in front of a film.


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It seems Ford has been unveiling the new Focus at every major auto show this year, and the L.A. show is no exception.
It's no wonder. Small cars represent 20 percent of the U.S. market, and it's where 50 percent of buyers under age 30 go for new vehicle purchases.
So it was Mark Fields' turn today to showcase the high-performance Focus ST and a concept Focus race car that is customized with a safety cage.
The Focus goes on sale early next year and is expected to offer 40 mpg, as well as WiFi and MyFord Touch as options. It will also feature active park assist for parallel parking.
"Focus represents Ford's biggest opportunity for growth for all the stakeholders," said Fields, head of Ford's Americas unit.


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The Xbox One has been around for over a year now, and it's reasonable to assume Microsoft's juggernaught will at some point be put on a diet.
Daniel McConnell, AMD's senior manager of system-on-a-chip design, recently updated his LinkedIn profile to take into account development of a new: "cost-reduced derivative in 20nm technology." Needless to say the entry has now been removed, after it was picked up by Eurogamer.
It's significant because the Xbox One currently uses an AMD processor built on 28nm technology and a smaller chip could mean, by extension, a smaller console.
The current processor is one of the most expensive components inside Microsoft's console and also accounts for the hefty footprint of the console. While it's possible we'll see smaller versions of both the Xbox One and PS4 next year, both companies have remained tightlipped about any future plans.


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By Kana Inagaki
TOKYO-- Panasonic Corp. committed to help electric car maker Tesla Motors Inc. build its U.S. battery plant, but part of the deal remains missing: the financing plan.
Panasonic said it would invest in equipment, machinery and other tools for the plant, which Tesla has said could cost as much as $5 billion. Panasonic's statement Thursday gave few details beyond what it said in May when the companies signed a letter of intent to team up in construction of the plant.
"We haven't decided yet on the specifics of when or how much investment we will be making," Panasonic Chief Financial Officer Hideaki Kawai said at a news conference in Tokyo. A person familiar with the matter earlier said the company was initially planning to invest around Yen20 billion to Yen30 billion ($200 million to $300 million) in the Tesla plant.
Panasonic already has an agreement to provide two billion battery cells to Tesla through 2017. The Japanese company aims to double sales at its auto division in four years, making an expanded alliance with Tesla an attractive prospect.
Still, Panasonic executives, troubled by past investments on plasma displays that later went sour, remain cautious about ramping up spending too aggressively. Panasonic says it has compiled detailed risk scenarios and multiple backup plans in case demand for Tesla cars doesn't grow as expected.
The extended negotiations over the battery plant, which Tesla outlined to great fanfare in February, suggest the difficulty of matching Tesla Chief Executive Elon Musk's ambitions for a factory that would rank among the largest in the U.S. with Panasonic's more cautious approach.
Mr. Kawai said the two companies were compiling a plan that would ensure profitability, while Panasonic would make its investments in phases that were in line with demand for Tesla vehicles.
Panasonic has spent the past two years drastically restructuring its television, mobile phone and semiconductor divisions to stem losses totaling $15 billion. In the latest measure to focus on growth, Panasonic said it would sell its mobile phone base station business to Finland's Nokia Corp. Panasonic and Sony Corp. also said they would form a joint venture with a government-backed fund and an Apple Inc. supplier to develop next-generation panel technology for tablets.
In a sign that its turnaround is taking hold, Panasonic reported that operating profit rose 28% to Yen82 billion in the April-June quarter. Sales increased 1.5% helped by strong performance in its housing and automotive businesses. Net profit dropped 65% owing to a one-time gain in the year-ago period from a change in its pension scheme.
Like Panasonic, many Japanese electronics companies reported solid quarterly results Thursday, benefiting from years of restructuring to reduce their exposure to consumer electronics. That shift has also helped them cope better with a fall in domestic demand from a sales tax increase that took effect in Japan in April, raising the tax to 8% from 5%.
Hitachi Ltd. said its first-quarter net profit more than doubled from a year earlier to Yen29 billion thanks to cost-cutting and solid demand for industrial electronics and machinery. In the latest measure to stem costs, Hitachi Chemical Co., a publicly traded subsidiary controlled by Hitachi, said last week it would cut 1,000 jobs in Japan.
Toshiba Corp., the world's No. 2 supplier of flash memory chips after Samsung Electronics Co., saw its first-quarter net profit rise 69% as strength in its energy and infrastructure-related businesses helped offset a decline in sales in flash memory chips used in smartphones and tablets.
Toshiba on Thursday announced new cuts in its business that makes televisions and other visual products. It plans to halve the number of global sales sites to 12 by the first half of the fiscal year starting April 2015. The move will reduce the global workforce in that business by about 25% and is expected to cut fixed costs by Yen10 billion versus the current fiscal year, the company said.
Fujitsu Ltd. returned to profit for the April-June quarter, helped by measures it took to improve profitability of its mobile-phone business.
Panasonic, Fujitsu and Toshiba all kept their full-year forecasts unchanged. Hitachi raised its net profit outlook for the April-September period by 9% from three months ago, citing improving macroeconomic conditions especially in Japan.
"I think the structural environment in Japan is getting close to the U.S. and Europe, and we are finally out of deflation," said Toyoaki Nakamura, Hitachi's chief financial officer, at a news conference.


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On January 10th, just days beyond the 72nd anniversary of his death, Nikola Tesla again returned to the New Yorker Hotel in Manhattan for the 3rd Annual Tesla Memorial Conference. Sponsored by the Tesla Science Foundation, the conference this year focused on efforts to develop a curriculum so that students today can learn of this great inventor all to often left out of history books.
Due to a prior commitment I was unable to be present at this year’s event, but I’m happy to say that Tesla: The Wizard of Electricity made several appearances. Kyle and Julian Driebeek, the intrepid young men bringing Nikola Tesla to a new generation of fans, emphasized the importance of library donations. Both have donated copies of my book to school libraries, and encouraged others to do so as well. One of the most gratifying aspects of being an author is having your work endorsed by the addition of tens of thousands of new readers learning something new.
Thanks to Nikola Lonchar and the Tesla Science Foundation, hard copies of my book were given as gifts to some of the presenters and to educators making the effort to bring Tesla into the classroom. Betsy Driebeek, Julian and Kyle’s mother, was nice enough to donate an extra copy of the book to none other than Dr. Ljubo Vujovic, President of the Tesla Memorial Society in New York.
Tesla Awards were also given out at the conference. Among the recipients was Mano Divina, whose adept playing of the theremin, a Tesla-inspired electronic musical instrument, and group, the Divine Hand Ensemble, have entertained Tesla conferences and others for many years. Ashley Redfearn also received a well-deserved award for her tireless Tesla curriculum efforts. The top Tesla Spirit Award went to Elon Musk, the CEO of Tesla Motors, who recently pledged at least $1 million towards the rebuilding of Tesla’s Wardenclyffe laboratory on Long Island.
Those who missed the conference are in luck – the Tesla Science Foundation has been posting photos on their Facebook page and you can view all of the videos by Kevin Wood on his RememberTesla.com website.
Not to be forgotten is the Tesla bust dedication. Thanks to the Tesla Science Foundation, a bust of Nikola Tesla was permanently installed in the lobby of the New Yorker Hotel.
So 72 years after he lived his final days in the hotel, Nikola Tesla once again takes Manhattan.


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Sony Disc Manufacturing (SDM), producer of pre-recorded optical discs, will more than double its current DVD production capacity in the U.S. by September 2002, the company announced. The addition of 32 new DVD replication lines, and associated mastering and packaging equipment, will begin in April 2002, at SDM’s flagship facility in Terre Haute, Ind. This latest expansion will increase the company’s U.S. production capacity from 12.6 million to over 30 million DVDs per month.
“This expansion reflects Sony’s commitment to the DVD marketplace,” said Bob Hurley, senior VP, sales and marketing. “We know our customers need more, faster, so we’re focusing extra attention on efficiencies including automated packaging solutions and integrated distribution services. With increased capacity strategically located in the Midwest, our customers can expect quicker overall time-to-market.”
For more information, visit the SDM Website at sdm.sony.com.


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Fully Charged interviews the people involved with Formula E. Scania Euro 6 natural gas buses help Cartagena, Colombia curb pollution. Team Uber Qik earns Guinness World Record for least non-driving time in cross-country trek.
The Chevrolet Impala Bi-Fuel was supposed to go on sale in the summer of 2014 with gasoline and compressed natural gas for power. However, delays surrounding its CNG system mean that they still aren't at dealers.
Volkswagen Car-Net lets user control vehicle functions from the Apple Watch. Chevrolet adds CNG capability to its Silverado 3500HD Chassis Cab. UPS has made a deal to source renewable natural gas from Clean Energy Fuels.
UPS adds 1,400 CNG trucks to its fleet, and builds CNG stations. Renault Twizy joins Bolloré carsharing service in Lyon, France. Ethanol and gasoline average 26-cent difference in price per gallon after a period of volatile gasoline prices.
A bill working its way through the California State Assembly wants to spur green car sales by cutting the sales tax on them by more than half. The legislation applies to EVs, hydrogen fuel cells, plug-ins and compressed natural gas models.
Carnegie Mellon University makes interesting observations regarding the Nissan Leaf in different parts of the country. Charger manufacturer CTEK licenses magnetic near field wireless charging technology from WiTricity. A study shows that switching trucking fleets from diesel to natural gas could have some advantages, but environmental benefits aren't so clear.
President Obama's budget proposal includes a plan to increase the federal tax incentive on EVs and plug-in hybrids to $10,000 and immediately slash the money off the price of green vehicles at purchase. It would also broaden the credit to be applicable to compressed-natural-gas-fueled models.
An explosion in Mexico City has caused at least seven deaths and 54 injuries, four of which were children, after a truck carrying natural gas sprung a leak while refilling empty tanks at a maternity hospital. Many more a presumed trapped in the rubble.
A garbage truck fueled by carbon fiber tanks full of compressed natural gas exploded in Indianapolis, IN, after a fire started in the back of the vehicle. The cylinders were reportedly thrown up to a quarter-mile away, damaging five nearby businesses. One firefighter suffered minor injuries.
Fiat ads in the US try to play up the exotic, sexy side of Italian culture. On the home front in Italy, however, passenger-vehicle sales are marked by something less edgy and quite a bit more practical: the growth of compressed-natural-gas (CNG) powered car sales.
If you've ever wanted a powerplant that looks more like a greeble from a Star Wars spaceship than a block engine, Eco-Motive has your answer. The just-announced dual-fuel "H" engine can burn gasoline or compressed natural gas (CNG).
Crazy Diamond Performance Gets EPA Approval For Conversions
The value proposition for a Crazy Diamond Performance CNG ride was a little bit better before gas prices took a dive in the past month. Still, the Michigan-based company, which converts some of Chevrolet's compact vehicles to run on compressed natural gas, received approval late last month from the US Environmental Protection Agency (EPA) for two of its conversion models. And CNG is still pretty cheap.
For folks who prefer to put natural gas directly into their vehicle rather than converting it to electricity first, CNG vehicles offer a cleaner alternative to gasoline power while still using a traditional powertrain. If you're looking for a sedan that runs on CNG, your current options are pretty limited - especially in the US - and you'll almost certainly be taking a look at Honda. The 2015 Honda Civic Natural Gas goes on sale starting November 19 in 37 states.


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TCF Financial Corporation (TCB) was Reiterated by FBR Capital to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 16 from a previous price target of $15 . FBR Capital advised their investors in a research report released on Apr 22, 2016.
Many Wall Street Analysts have commented on TCF Financial Corporation. Shares were Reiterated by Compass Point on Feb 9, 2016 to “Neutral” and Lowered the Price Target to $ 12.50 from a previous price target of $13 .Shares were Reiterated by RBC Capital Mkts on Jan 29, 2016 to “Outperform” and Lowered the Price Target to $ 16 from a previous price target of $19 .
On the company’s financial health, TCF Financial Corporation reported $0.26 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $0.25. The company had revenue of $324.30 million for the quarter, compared to analysts expectations of $318.02 million. The company’s revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS.
TCF Financial Corporation opened for trading at $13.41 and hit $13.61 on the upside on Wednesday, eventually ending the session at $13.31, with a gain of 0.15% or 0.02 points. The heightened volatility saw the trading volume jump to 12,26,864 shares. Company has a market cap of $2,271 M.
In a different news, on Nov 30, 2015, William Allen Cooper (Chairman & CEO) sold 84,066 shares at $15.50 per share price. According to the SEC, on Nov 12, 2015, William F Bieber (director) sold 6,920 shares at $15.43 per share price. On Nov 10, 2015, Joseph T Green (SVP/General Counsel) purchased 5,000 shares at $15.36 per share price, according to the Form-4 filing with the securities and exchange commission.
TCF Financial Corporation (TCF) is a bank holding company. The Companys principal subsidiary is TCF National Bank (TCF Bank). The Company operates in three segments: Lending Funding and Support Services. Lending includes consumer real estate commercial real estate and business lending leasing and equipment finance inventory finance and auto finance. Funding includes branch banking and treasury services which includes the Company’s investment and borrowing portfolios and management of capital debt and market risks including interest rate and liquidity risks. Support Services includes Holding Company and corporate functions. TCF Bank’s subsidiaries principally engage in leasing inventory finance and auto finance activities. TCF delivers retail banking products in over 40 states; commercial leasing and equipment finance business in all 50 states; commercial inventory finance business in all 50 states and Canada and indirect auto finance business in all 50 states.


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U.S. Tariffs on Goods Made in Mexico Averted – At Least for Now
On Friday, the United States reached a trade deal with Mexico, averting U.S. President Donald Trump’s proposed 5-percent tariff on goods made in Mexico and imported into the United States. The tariff would have hurt tech companies such as Dell, HP Inc., Lexmark International, and Hewlett-Packard Enterprises.
Previously, Trump had said the United States would impose a 5-percent tariff on goods imported from Mexico beginning June 10th if the government of Mexico didn’t take steps to stop the flow of migrants and asylum seekers traveling from Mexico into the United States. Trump had also said the 5-percent tariff could rise to 25-percent by October 2019 if Mexico is seen as not complying.
HP Inc. manufactures some PCs and printers in Mexico, while Lexmark makes printer supplies such as toner cartridges in Mexico. Several firms also make remanufactured, third-party toner cartridges in Mexico.
While the Mexico tariffs are off, Trump’s proposed ramped-up tariffs on Chinese goods imported into the United States are still on, with Trump threatening today to impose large tariffs on $300 billion worth of Chinese imports if China’s leader, Xi Jinping, does not meet with him in Japan later this months, according to The Washington Post.


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New WordPress Plugin SomeNano Allows Creators To Charge Nano Coin For Exclusive Content
The increase in internet usage in the past few years has led to the rise of internet-based services like digital marketing, blockchain tech, and cryptocurrencies. The world is moving towards digitalization, and so are the market demands and needs, encouraging innovation in traditional services too.
WordPress has been one of the most common names amongst digital content creators, especially those who create content for blogs and websites. It is the most commonly used platform for bloggers and other digital content makers. The user base of WordPress is humongous, giving that most websites on the internet are based on the platform. Integration of cryptocurrencies with WordPress will give a major boost to the industry, especially in terms of mass adoption and usage.
Crypto Platform Nano announced on Sunday that it had created a new plugin for WordPress, SomeNano, which will now allow creators to accept Nano Coin from users for consuming exclusive content. This will help creators to get rid of ads placed on the websites, by adding the feature of crypto payments. The announcement came via Nano’s Twitter handle, in which it also shared a Reddit post.
New WordPress plugin SomeNano allows creators to charge for targeted premium content without requiring burdensome subscriptions. Users are able to pay with $NANO then access specific content in a matter of seconds.
Check it out here: https://t.co/wlbhMjcXf0
— Nano (@nano) April 28, 2019
Introducing crypto in the world of WordPress is like opening the door to a million possibilities. Allowing viewer and audiences to access exclusive content by crypto payments will have a dual benefit. Firstly, it would increase the use of digital tokens, which would, in turn, bring solidity to crypto platforms. Secondly, it will give audiences who aren’t familiar with the world of digital currencies a chance to have a glimpse of it and would allow crypto companies to showcase their potential and other benefits.
Also, making crypto payments would bring peace of mind to viewers, simply because they won’t have to enter credit or debit card details on the website. They just to scan a QR code on the webpage, or make the payment via their crypto wallets. In its Reddit post, Nano stated,
Accept Nano as payment to view content on your WordPress site. You can replace ads on your site by offering premium paid content. Micro-transactions for some content, larger amounts for more substantial content. You decide.
As predicted by numerous famous tech personalities, including the legendary Elon Musk, cryptocurrencies are the future of the global economy and monetary systems. Therefore, the integration with WordPress was but accepted. In fact, the world is moving towards the integration of the entire digital space. Right from payment platforms like PayPal and VISA, to WordPress, and various video streaming services, use of electronic money is rising, and at a fast pace too.
By accepting Nano Coin on their WordPress, creators will be able to offer exclusive content like premium posts/pages, extended content to general posts, and also images without watermarks. What is the most encouraging part is that popular websites like the Wall Street Journal, The Washington Post, Bloomberg, BBC America, TechCrunch, etc. all based on WordPress, which shows the how expansive the scope for Nano is.


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cdv Software Entertainment has just released some new screens for their upcoming title; Sacred 2: Fallen Angel.
If this is even close to D2... I am buying it!
N4G is a community of gamers posting and discussing the latest game news. It’s part of NewsBoiler, a network of social news sites covering today’s pop culture.


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"SAN FRANCISCO (AP) — Steve Jobs, the mind behind the iPhone, iPad and other devices that turned Apple Inc. into one of the world's most powerful companies, resigned as CEO on Wednesday, saying he can no longer handle the job but will continue to play a leadership role."
"The move appears to be the result of an unspecified medical condition for which Jobs took a leave from his post in January."
I am sorry to know it.
Steve jobs is a brilliant icon for Apple. I like iPhone, iPod and IPad. I will miss him.
I wish him good health and a long life


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Price Crosses Moving Average
|Bid||725.01 x 900|
|Ask||725.74 x 1000|
|Day's Range||702.02 - 740.86|
|52 Week Range||281.69 - 844.00|
|Beta (5Y Monthly)||1.59|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 30, 2020 - Aug 03, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||729.16|
* Benzinga has examined the prospects for many investor favorite stocks over the past week. * This week's bullish calls included semiconductor and casino stocks. * Cruise and electric vehicle stocks were among the bearish calls.The Dow Jones industrials ended last week more than 6% higher while the S&P 500 saw almost a 5% gain. That was due in part to a shockingly strong employment report for May and despite mounting unrest nationwide focused on racial inequities, police brutality and the federal response to protests. The Nasdaq lagged the other main indexes, up a little more than 3% for the week.As usual, Benzinga continues to examine the prospects for many of the stocks most popular with investors. Here are some of this past week's most bullish and bearish posts that are worth another look.Bulls Shopify Inc (NYSE: SHOP) has been among the best-performing stocks but remains a long-term winner, according to Elizabeth Balboa's "Why Shopify -- And Not Zoom -- Is The Stock To Chase Right Now.""Why BofA Recommends Buying GPU Plays AMD and Nvidia" by Shanthi Rexaline makes the case that Advanced Micro Devices, Inc. (NASDAQ: AMD) stock is still attractive despite its recent run-up.In "'Long Lines And Packed Flights': Casino Stocks Rise Following Vegas Reopening," Wayne Duggan shares why MGM Resorts International (NYSE: MGM) and others are accelerating their reopening plans.Priya Nigam's "Gilead Analyst: Coronavirus Drug, Arcus Collaboration Make Biopharma A Buy" suggests that consensus estimates for Gilead Sciences, Inc. (NASDAQ: GILD) appear overly conservative.For additional bullish calls, also have a look at "History Suggests Record 50-Day Stock Market Rally May Be Just The Beginning" and "Cramer Says The Latest Rotation Trend Is Driven By 'Ravenous Consumers.'" Bears One key analyst sees trouble ahead for Tesla Inc (NASDAQ: TSLA). So says "Tesla's China, Europe Performance Suggests Quarter Will Be One Of Automaker's Weakest, Says Gordon Johnson" by Shanthi Rexaline.Tanzeel Akhtar's "Morgan Stanley Deboards From Cruise Lines, Bearish On Carnival, Norwegian And Royal Caribbean" looks at why Norwegian Cruise Line (NYSE: NCLH) and its peers have a long slog to recovery."Ex-Whole Foods Exec Says Grocery Stores Need To Prepare For Next Disruption" by Jayson Derrick discusses why the likes of Kroger Co (NYSE: KR) likely are unprepared for further disruption of the national food chain.In Priya Nigam's "DocuSign's COVID-19 Quarantine Benefits Could Last Longer, But Not Enough To Move BofA From Sidelines," see why upbeat DocuSign Inc (NASDAQ: DOCU) results were not good enough.Be sure to check out "Pro Investor Says Market Isn't Pricing In China Risks" and "5 Reasons The Value Stock Rally May Run Out Of Steam" for additional bearish calls.At the time of this writing, the author had no position in the mentioned equities.Keep up with all the latest breaking news and trading ideas by following Benzinga on Twitter.See more from Benzinga * Barron's Picks And Pans: Cisco, Gilead, Netflix, Wayfair And More * Benzinga's Bulls And Bears Of The Week: Boeing, SmileDirectClub, Tesla And More * Benzinga's Bulls And Bears Of The Week: Ford, Gilead, Microsoft, Intel And More(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
E-commerce stocks to watch this week include Amazon and Alibaba, both near buy points. Shopify and some other players are consolidating after big runs.
Shopify Inc's (NYSE: SHOP) core purpose 10 years ago was figuring out how to build a "beautiful, scalable" online store and today Shopify helps these same companies grow their business beyond theicore website, COO Harley Finkelstein said on CNBC's "Mad Money."Finkelstein On Leveraging Economies Of Scale Shopify's platform helped create hundreds of thousands of unique online stores, but if combined together into one, it would rank as the second-largest online U.S. retailer, Finkelstein said.This would give Shopify "incredible economies of scale" to go out and negotiate new tools and services for its members.Shopify Payments was among the first new services offered as an example, giving business owners the opportunity to offer credit card transactions at low rates, the executive said.After that, the company launched a small business loan initiative called Shopify Capital.Now the company is introducing Shopify Balance, an in-house business and banking account to better address a void left by banks that mostly underserved smaller businesses, he said.Shopify Balance 'Further Levels The Playing Field'Shopify Balance gives business owners immediate access to "critical money management tools" to better manage cash flow and have easier access to their cash, the COO said. "That's really our next merchant solution that we think further levels the playing field so that small businesses can compete because so many can't," Finkelstein said. Facebook Shops Shopify has been working with Facebook, Inc. (NASDAQ: FB) to help small businesses gain exposure to the social media platform "since the beginning" of Facebook's plans to enter the e-commerce space, the exec said. The relationship recently culminated in a new initiative called Facebook Shops that gives merchants the ability to create customizable stores specifically designed for Facebook and Instagram."The partnership really shows the tech industry can come together to help small businesses at a very critical time," Finkelstein said. "But that is one more place where small businesses can connect with consumers and they can make more sales."The stock was down 1.04% at $727.58 at the time of publication Friday.Related Links:Why Shopify -- And Not Zoom -- Is The Stock To Chase Right NowWells Fargo Downgrades Shopify, Says Strong Growth Largely Priced InPhoto courtesy of Shopify. See more from Benzinga * What We Know About Facebook Shops(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
For his second "Executive Decision" segment of Thursday night's Mad Money program, Jim Cramer spoke with Harley Finkelstein, COO of Shopify Inc. , the e-commerce platform for small business. Finkelstein said Shopify was created to level the playing field for all merchants and make it easy for anyone to set up shop online. Shopify recently partnered with Facebook Inc. , to create Shops, allowing merchants to sell their goods and connect with customers on both Facebook and Instagram.
(Bloomberg) -- Over the past four years, Lucas Joppa, Microsoft Corp.’s 37-year-old chief environmental officer, has dislocated and broken one shoulder, separated the other one, broken his right wrist, and also broken his left thumb. In early May he was pretty sure his right thumb was broken, but his hand surgeon said it was a torn ligament. It’s not that he’s clumsy or reckless—he calculates that, given the amount of time he spends on a bike or skis, his “error rate” is about 0.08%—it’s just that he has a tendency not to look before he jumps.It’s this tolerance for risk—and falling—that makes him well-suited for the unprecedented task that lies ahead. In January, Microsoft pledged to be carbon negative (removing more carbon from the atmosphere than it emits) by 2030 and to spend $1 billion on a climate investment fund, much of it aimed at bolstering carbon-removal tech, a nascent field with lots of big ideas but only a handful of companies that are trying it. It was a statement of intent more than a concrete plan. Right now none of this is possible. Joppa and his colleagues are all too aware they can’t wait to act until everything is certain. The fund plans to announce its first investment later this year.“I jump a lot, and sometimes I fall. It’s going to happen. You have to be willing to accept the risk,” Joppa says. The trick, he adds, is skipping the jumps that could kill him if they go wrong. “I’m bringing that approach to everything.”To avert climate disaster, the United Nations Intergovernmental Panel on Climate Change (IPCC) projects overall global warming must be kept below 1.5C. It’s already at 1.16C. Even the previously unimaginable scenario we’re now living through—worldwide lockdowns to stop the Covid-19 pandemic—isn’t lowering the concentration of carbon dioxide in the atmosphere. Global warming hasn’t slowed, and Joppa and a lot of others say it probably won’t without the rapid adoption of carbon- sucking technology that barely exists.On a Thursday morning in April, Joppa logs on to his computer to address a videoconference of 16 people who will help determine how and whether Microsoft can meet one of the most ambitious carbon-reduction goals set by any company.“We’ve got a lot to do, not a lot of time to do it,” he tells the group.On the call are co-workers from his sustainability group, finance and business development officials who will consider investment opportunities, and experts in running Microsoft’s energy-guzzling global network of data centers. They’re joined by executives and climate scientists with Carbon Direct, a consulting company that will help Microsoft develop a 10-year plan for getting to carbon negative.Elizabeth Willmott, Microsoft’s carbon expert, lays out the company’s requirements to offset its emissions: It wants to buy access to a menu of carbon-removal techniques that include planting kelp forests and machines that draw carbon from the air and store it underground. It’s looking for options that are lasting and verifiable. Oh, and Joppa wants to do this on the cheap, paying companies $20 a ton, a fraction of what many of the options currently cost. It’s not because Microsoft doesn’t have the money for pricier options. Rather, one of its key goals is to force the innovation that enables prices to drop to a level others—without Microsoft’s $137.6 billion cash pile—can afford.“I often refer to our climate innovation fund as the self-awareness fund. We could just pay for this, but if you just use money to solve your problems, that represents an extreme lack of self-awareness to everybody else’s ability to do this,” Joppa tells the others on the call.Microsoft’s approach has won praise from climate scientists for its ambition. But the company also counts some of the worst emitters—oil and gas giants such as Chevron Corp. and Exxon Mobil Corp.—among its customers, selling them software and gear they use to increase oil and gas extractions. A May 19 Greenpeace report called out Microsoft and Amazon.com Inc. for “connections to some of the world’s dirtiest oil companies for the explicit purpose of getting more oil and gas out of the ground and onto the market faster and cheaper.”Microsoft is attempting to counter this incongruity with unproven removal ideas, says Nives Dolsak, a professor of sustainability science at the University of Washington. “Their strategy is, ‘We are banking on uncertain technology that will reduce carbon from the air, and if that works out, that allows us to put certain future additional carbon into the air,’ ” she says.Joppa has heard this criticism before. It’s the biggest complaint Microsoft gets on its climate strategy. Oil and gas companies need to be part of the climate and energy solution, he says. It doesn’t make sense to cut ties.As the company leaps headlong into its plan, among the many risks it must consider are the early and unproven technology and its high prices, Joppa says, as well as the rapid pace of climate change and the small window to arrest it. “We have got to go out and make some bets on technologies that don’t exist, on technologies that are too expensive, and on markets that aren’t mature enough,” he says. “They will never be cheap enough, they will never be scaled high enough, and they will never be mature enough unless a Microsoft comes in right now and starts pushing.”Joppa grew up in rural Wisconsin and met his wife, Jamie, in second grade. School bored him until he took a college course called Extinction of Species and then threw himself into studying ecology. After a Peace Corps stint in Malawi and a doctorate he earned in three years, he began work at Microsoft’s research arm, much to the horror of some colleagues. One professor told him, “Lucas, you could have been somebody!”During almost 11 years at Microsoft, Joppa has worked to apply computing power to the Earth’s challenges. He came up with AI for Earth in 2016, a program that grants software to companies working on environmental projects. When the company’s sustainability work became a part of Microsoft’s legal department and Joppa moved with it, his nature-themed tattoos peeking out of a T-shirt stood out among a sea of khaki and button-downs. But when Microsoft decided to name its first chief environmental officer in 2018, Joppa’s scientific background and ability to work with employees from various disciplines made him the obvious choice, says Microsoft President Brad Smith.Since 2012 the company has taxed its own business units for the carbon they emit and put the proceeds into buying carbon credits and running sustainability programs, making it one of the earlier companies to take such a step. Last spring it doubled its internal carbon tax and said it would lobby for national carbon-pricing policies.But customers kept asking Microsoft to do more, and employees were also pushing. In September rival Amazon pledged to be carbon neutral by 2040, and Microsoft felt pressure to step up its own commitment, Smith says. At a meeting in November, Joppa used dire projections from the IPCC as a way to create urgency for Microsoft Chief Executive Officer Satya Nadella and his executive team. The world can emit only 420 more gigatons of CO2 to have a 66% chance of avoiding catastrophic warming, Joppa explained, and at the current rate that’s only a decade away.He returned with instructions to come up with a bold proposal. Along with the finance department, the team worked frenetically over the holidays on the math behind going carbon negative. “It was one thing to have the goal. It was another thing to know whether we could achieve it,” Smith says. Chief Financial Officer Amy Hood committed $1 billion for an idea she’d had: the climate investment fund.Microsoft opted for an unprecedented pledge to clean up all direct and electrical emissions since its 1975 founding by 2050. Its promise to become carbon negative by 2030 includes not only direct emissions from its buildings, data centers, and fleet of campus vehicles, but also something called Scope 3 emissions. These are more indirect, harder to calculate, and far larger. It means taking responsibility for the energy that gamers use when they play Xbox video games, for example. Microsoft doesn’t count oil and gas customers’ use of its software for drilling and exploration in Scope 3.The staff who handle Microsoft’s purchases from suppliers are working on standards for those companies to measure what they emit and planning to add incentives to spur them to do better. Microsoft also plans to work with customers on how they can be greener, which includes helping oil and gas customers with clean energy programs, Joppa says.In the past couple of years, more than 40 tech companies have set targets for limiting emissions, but Microsoft’s plans to be carbon negative by 2030 and wipe out historical emissions are the most aggressive. There are only a handful of businesses that have said they’ll be carbon negative within 10 years, including furniture maker Ikea and tax software provider Intuit Inc. Panasonic Corp. says it will be carbon negative by 2050. Payments startup Stripe Inc. has begun spending $1 million a year funding negative-emissions projects.Microsoft’s investment fund is also unusual, but its goals are similar to those of a fund led by co-founder Bill Gates, who remains an adviser to the company and has met with Joppa and other Microsoft executives to share ideas. Gates is chairman of Breakthrough Energy Ventures, a $1 billion fund with investors such as Amazon founder Jeff Bezos, Virgin Group boss Richard Branson, and Michael Bloomberg, founder and majority owner of Bloomberg LP, which owns Bloomberg Green. There are ongoing conversations between Microsoft and the fund about possible partnerships on investments, says Jonah Goldman, managing director at Gates Ventures, a private investment office for Gates. Both entities share an understanding that carbon removal is a different type of investment, and it’s important to have companies like Microsoft backing technology that isn’t an obvious short-term moneymaker.After an event in January to announce their big plans, Joppa and his team celebrated with a carbon-themed playlist featuring Billy Joel’s We Didn’t Start the Fire and Heat Wave by Martha Reeves and the Vandellas, then got to work figuring out how to make the promises a reality.Joppa has been reading a book on the Apollo mission to put a man on the moon, and he told his wife how jealous it made him. “They had this pure thing that brought business and science and research and engineering all together, and you could just focus on it obsessively,” he says. Jamie answered: “What are you talking about? That’s what you have to do.”On the banks of Howe Sound in British Columbia, a fan the size of a delivery truck slurps carbon out of the atmosphere. It’s part of a factory run by a company called Carbon Engineering, and it’s considered one of the most promising in the field of “direct air capture,” the segment of the carbon-capture industry that sounds the most like science fiction. Gates was an early investor in the company. Basically fans, or “injectors,” connect the air with chemicals that bond with the carbon and remove it. Right now it’s highly inefficient and expensive, with prices anywhere from $250 to $1,000 a ton. Microsoft is banking on the price going down and volume going up.Another direct-air-capture startup, Climeworks AG, has its massive fans set up in Zurich, where the captured CO2 is used to grow plants in a greenhouse. Climeworks operates three plants, but they’re only removing hundreds of tons in a year. The industry is young. In fact, the three leading companies together can’t pull 1 million tons of carbon out of the air a year, while data centers of the kind Microsoft and Amazon operate are estimated to produce more than 300 times that.“Direct air capture is like the Saturn V rocket for the moonshot,” Smith says. “If someone can perfect that, it’s going to just change the equation.” Another carbon-removal technique is bioenergy with carbon capture and storage, or BECCS, which is basically growing plants to absorb carbon and then burning that biomass for power and sequestering the resulting emissions underground. The U.K.’s biggest power plant, in North Yorkshire, has a pilot project using the technology. It’s the first working example of BECCS, and it captures less than 1 ton of carbon dioxide a day.When it comes to machines that successfully remove carbon from the atmosphere today, that’s about it.By Microsoft’s account of its emissions, it needs to buy credits to remove about 2 million tons of CO2 next year—and 6 million by 2030, even though new emissions will be cut by more than half by then. There are other large companies interested in buying credits to offset their carbon sins, too. But there will not be enough carbon-removal tech credits for everyone to offset their emissions. In the near term, Microsoft plans to buy more natural carbon credits that go toward things such as planting trees before switching to tech. In July, Microsoft will begin to solicit bids for its carbon-removal business. Its interest, along with that of Stripe, Shopify Inc., and others, should help fuel investment in new projects, says Deepika Nagabhushan, program director for decarbonized fossil energy at the Clean Air Task Force, which is tracking some 26 potential carbon-capture projects. But it won’t make a difference overnight. “Even if Microsoft announces today that they are going to buy [a certain] number of credits from a direct-air-capture project, it’s going to take a couple of years for a project to even develop.”On Joppa’s conference call, the team from Carbon Direct reminds Microsoft that the low price will make their short-term goals harder. Julio Friedmann, Carbon Direct’s chief scientist, notes most of the available projects in BECCS and direct air capture cost many times Microsoft’s $20-a-ton budget. And other companies need to offer investment funds like Microsoft’s. “You can do a lot with a billion, but you cannot create a gigaton-scale industry with a billion dollars, no matter how smart and savvy the investments are,” Friedmann, who’s also a researcher at the Center on Global Energy Policy at Columbia University, says in an interview.The price is also lower than many experts have modeled for the economic damage each ton of carbon is likely to cause.But Joppa wants to use Microsoft’s purchasing power and its investments to push the price down to a level other buyers can afford. If carbon-capture tech is something only the Microsofts of the world can afford, he worries that the world will fail to contain warming. “Markets work because we make them work,” he says. They work because people put in positive incentives and help juice supply and demand. “You don’t just wish it to be so, and it happens.”Microsoft expects to make mistakes both in investments and carbon-removal choices. Willmott, the carbon expert of the group, says the company wants to be transparent about its successes and failures so others can learn from them.The coronavirus-induced shutdown has made Joppa more certain that radical action is needed quickly. CO2 emissions are down—about 8% of the estimated total for the year will never be emitted, according to the International Energy Agency. Although that’s not enough to make a dent in overall warming, the slowdown has led to cleaner air and clearer skies, and confinement has made the outdoors a welcome respite.“I hope there’s something lasting about it,” he says. “We’ve given people now an experience with a healthier planet, and I hope that’s going to be hard to take away.”There’s another risk in this whole project, of course—that time runs out. Is this plan achievable in the time we have? “It better be,” Joppa says. “I’m existentially worried about the cost of failure.” —With Emily Chasan, Leslie Kaufman, and Akshat Rathi For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
“You’d have to go back to the heart of the dot-com boom to see a company beat and raise by as much as Zoom did on Tuesday,” one analyst says.
(Bloomberg Opinion) -- One of the most feared antagonists in the “Star Trek” universe is the seemingly unstoppable alien species called the Borg. These cybernetic aliens travel the galaxy, conquering and assimilating everything in their path while greeting each new victim with the catch-phrase, “Resistance is futile.”In many ways, the prevailing narrative around Big Tech is similar to this sci-fi series villain story line. Pundits often cite how the technology giants’ vast financial resources and R&D budgets will lead to an inexorable march to control more and more of the economy. And sure, on the surface it makes sense. Apple Inc. and Google-parent Alphabet Inc. sport net cash balances of roughly $100 billion each and dominate their respective markets, generating vast profit streams from smartphones to search engines. Together with Facebook Inc., Netflix Inc. and Microsoft Corp., these behemoths also reign over the stock market with their ballooning valuations. How can any smaller company hope to compete against such power in the current difficult environment?The reality paints a much less daunting picture. It turns out that the Covid-19 era has led to an explosion of innovation and rapid growth for dozens of smaller technology companies. Many of these upstarts — from video-conferencing software maker Zoom Video Communications Inc. to cloud-computing firm Datadog Inc. — are emphatically winning even as the tech giants try to squash them. And they’re doing it in many cases by simply making a better product and having a laser focus on it. There’s a flaw in the concept that Big Tech can easily expand into new markets by leveraging the power of their core businesses. The reason is all companies – big or small – have finite top-tier engineering talent. And of course, companies tend to put their best people on their most important profit-making segments, versus any peripheral new markets, opening the door for the upstart specialists to thrive.Earlier this year, I wrote how corporations were flocking to software vendors such as Zoom for solutions on how to get the job done at a time when their employees were forced to work from home amid lockdown restrictions. Since then, Big Tech has taken particular aim at the software company as they sought to push their own video-conferencing tools. Last month, Google added a large, blue-colored “Add Google Meet video conferencing” button any time a Google Calendar user tries to add an appointment, while its Gmail accounts with its billion-plus user base also conspicuously have Google Meet in the lower left corner at all times. Microsoft, meantime, has sought to capitalize on early security concerns with Zoom to promote its Teams product. Despite the aggressive moves, you couldn’t see any negative impact in Zoom’s results. Late Tuesday, the upstart posted April-quarter sales results that crushed Wall Street estimates. The company posted first-quarter revenue of $328 million, up 169% from a year earlier, versus the $203 million Bloomberg consensus. It also projected a sales range of $495 million to $500 million for the current quarter, more than double the $222 million analyst estimate. Zoom shares climbed 5% on Wednesday, adding to year-to-date gains that already topped 200%.That’s just Zoom. There are plethora of cloud software names — including monitoring analytics provider Datadog and user authentication company Okta, Inc. — that are also seeing surging demand for their services and the soaring stock prices to match. These companies are building out comprehensive offerings and stronger leadership positions in their respective categories that will be harder to displace as they grow in stature. And it’s still early innings on the growth curve for many of these firms. The move to cloud-computing is a seminal paradigm shift similar in scope to the transition to mobile smartphones nearly a decade ago. Gartner said the world-wide enterprise technology market was $3.7 trillion last year. Even if the economy contracts, it will be a large market, with lots of room for fast-growing companies to make meaningful share gains as spending shifts toward new technologies. “The trends of digital transformation and cloud migration remain very much intact over the long term and may even be accelerated or amplified,” Datadog CEO Olivier Pomel said during his May earning call with investors. Another recent example of Big Tech’s failure is Amazon.com Inc.’s foray into gaming. After years of development, the e-commerce giant released its first big-budget video game “Crucible” last month to much fanfare, even advertising the title on the front page of its website. It was meant to be the Amazon’s beachhead into the large attractive gaming market. It didn’t go well. To illustrate, just a couple weeks after its launch “Crucible” has precipitously fallen in the Twitch charts, a key indicator of gamer engagement, to roughly 100 viewers or barely in the top 500 titles. It turned out to be a complete flop, even as Epic Games Inc.’s Fortnite remains a fan favorite.Despite the worries over Big Tech’s growing dominance, the flip side may actually be the bigger risk. Last month, I wrote how other retailers appear to be taking advantage of Amazon’s service troubles to make incursions, which has allowed them to grow their e-commerce businesses at triple-digit rates. In social media, the short-video platform TikTok has also surged in popularity. Last week, Bloomberg News reported TikTok’s parent ByteDance Ltd.’s revenue for last year more than doubled to more than $17 billion from $7.4 billion in 2018, a level of sales nearly triple that of Twitter Inc. and Snap Inc. combined. Incredibly, if TikTok continues it current growth trajectory, it has the potential to surpass some of Facebook’s key platforms within a few years. And speaking of Facebook, its latest big push into e-commerce space, Facebook Shops, relies in great deal on a partnership with online-store software maker Shopify Inc. and its extensive array of commerce tools for small businesses.History shows the tech industry’s reputation for disruption is unmatched. And if it is any guide, investors shouldn’t overlook or underestimate the industry’s up-and-comers, even in — or should I say especially in — times like these. This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Tae Kim is a Bloomberg Opinion columnist covering technology. He previously covered technology for Barron's, following an earlier career as an equity analyst.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
In the current market session, Shopify Inc. (NYSE: SHOP) is trading at $770.00, after a 1.2% decrease. However, over the past month, the stock spiked by 5.06%, and in the past year, by 159.43%. Shareholders might be interested in knowing whether the stock is overvalued, even if the company is not performing up to par in the current session.Assuming that all other factors are held constant, this could present itself as an opportunity for shareholders trying to capitalize on the higher share price. The stock is currently below from its 52 week high by 8.77%.The P/E ratio measures the current share price to the company's earnings per share. It is used by long-term investors to analyze the company's current performance against its past earnings, historical data and aggregate market data for the industry or the indices, such as S&P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also shows that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future.Most often, an industry will prevail in a particular phase of a business cycle, than other industries.Compared to the aggregate P/E ratio of the 45.13 in the application software industry, Shopify Inc. has a lower P/E ratio of 0.0. Shareholders might be inclined to think that they might perform worse than its industry peers. It's also possible that the stock is undervalued.There are many limitations to price to earnings ratio. It is sometimes difficult to determine the nature of the earnings makeup of a company. Shareholders might not get what they're looking for, from trailing earnings.See more from Benzinga * Stocks That Hit 52-Week Highs On Tuesday * Stocks That Hit 52-Week Highs On Friday * Stocks That Hit 52-Week Highs On Thursday(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
We've come a long way since Amazon.com sold its first book over the internet almost 26 years ago. Today, you can order just about anything online, from an expensive flat panel television to a lump of coal (yes really, I've done it).
Shares of Shopify (NYSE: SHOP) climbed 19.9% in May, according to data from S&P Global Market Intelligence. Shopify's subscription solutions revenue rose 34% year over year to reach $187.6 million last quarter, and its merchant solutions revenue climbed 57% year over year to reach $282.4 million. The e-commerce services provider announced Shopify Balance (a suite of software products for merchants to monitor finances and orchestrate transactions, enable advantage of faster in-store spending, and take advantage of a new rewards program) and Shopify Installments -- a new service allowing for installment payments on the platform.
In this article we will take a look at whether hedge funds think Shopify Inc (NYSE:SHOP) is a good investment right now. We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, unconventional data sources, expert networks, and get tips from […]
Even though the market has rebounded from the lows it hit earlier this year, there are still great long-term opportunities for investors who know where to look.
High-tech companies continue to forge ahead with initial public offerings that give their chief executives company shares with super-voting power, despite criticism of the practice.
Kevin O’Leary and Connor O’Brien of O’Shares ETFs discuss the post-coronavirus e-commerce boom and how Shopify and Amazon stock are big beneficiaries.
Aside from our house, all the money my wife and I have saved over the last 30-plus years is invested in stocks. At 53 years young, we hold a concentrated investment portfolio that will fund our eventual retirement.
Shopify Inc. (NYSE:SHOP)(TSX:SHOP) ("Shopify" or the "Company"), a leading global commerce company, today announced the results from its Annual Meeting of Shareholders (the "Meeting") which took place today. All director nominees were re-elected to the Board of Directors and PricewaterhouseCoopers LLP was appointed as auditors as further described in the Company’s management information circular dated April 16, 2020 (the "Circular"). Shareholders approved the advisory resolution on the approach to executive compensation disclosed in the Circular.
Shopify, Zoom Video, ServiceNow and other software growth stocks fell on Wednesday as the coronavirus lockdown eased and investors took profits on work-from-home and e-commerce plays.


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Net closes on personalised adverts: Internet users to be protected from 'sinister' tracking devices used for targeted ads
Targeted: Online ads on Facebook, which are generated for specific users by cookies left on their computers indicating their interests
Internet users are to be given the power to stop companies monitoring their browsing and using the information gleaned to bombard them with targeted advertisements.
Sites including Google and Facebook will have to carry a red warning triangle with an ‘i’ on all adverts which have been generated by such monitoring.
Those who click on the icon will be given the chance to opt out of the targeted promotions.
Websites that flout the rules – to be introduced in June – will be named and shamed by advertising watchdogs and could face being brought before the Information Commissioner.
The internet advertising has raised privacy concerns after users have found themselves assailed with advertising based on their personal browsing.
For example, someone who logs on to a site about red wine might suddenly find special deals on cabernet sauvignon popping up on other websites they visit – whether or not they have anything to do with wine.
The targeted advertisements are the result of websites storing files on the computers of individuals visiting them.
These files, called cookies, are effectively online tracking devices, which record what the user looks at.
The profile they create is then exploited to target advertising.
The Interactive Advertising Bureau has set up a website at Youronlinechoices.com where it is possible to turn off advertising from many companies.
Some websites, such as Yahoo!, have begun using the triangle icon on a voluntary basis.
Advertisers point out that stopping cookies will not stop online adverts, it just means that they will no longer be tailored to the user.
An investigation by the Wall Street Journal found that the world’s top 50 websites installed 3,180 tracking files on a test computer.
The newspaper said the information these devices gleaned enabled data-gathering companies to build personal profiles that could include age, gender, race, postcode, income, marital status and health concerns, along with recent purchases and favourite TV programmes and films.
Guy Parker, head of the Advertising Standards Authority, said the new ‘opt-out’ icon had been introduced amid growing concerns about advertising.
He added: ‘Trust in advertising has been declining for a number of years and this is not good news.
‘If people trust individual ads less…then companies’ advertising spend is going to be less effective.’
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Grassland equipment manufacturer Einbock doubles production capacity
Einbock getting ahead of the gameThis will be the largest investment in the company’s history and at its heart will be the installation of two new coating lines. The company believes that it will be one of the most modern surface coating facilities in the agricultural machinery sector. The energy required for painting will be provided entirely by renewable resources. In addition to the paint shop, a fully automated high-bay warehouse and an overhead track between the coating line and the assembly line will bring large improvements to the overall production process. Michael Einbock noted: “With the doubling of production capacity, as well as the new equipment, it will be possible to produce new and larger machines faster and more efficiently.”
Green credentialsThe Einbock family, who still wholly own the company, are keen to ensure that not only are the products environmentally friendly and sustainable, but will also be manufactured in the most ecological way.
The new factory will be heated with wooden chips from trees which grow in the region. In addition, it is planned to generate electricity with the help of solar panels.


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Get the most important digital marketing news each day.
Forget The Kiss – Facebook Now Lets Users Seal New Years Eve With A Private Message
If you plan on indulging heavily in bubbly and booze this New Year’s Eve, Facebook can help. “Midnight Message” delivery now exists that allows users to create a message anytime that will be at midnight on New Year’s Eve, no sobriety required.
In order to partake in the Midnight Messaging, users must allow access to the Facebook Stories app. Once accepted, users will be able to select the friends they’d like to include and customize with a New Year’s message. The standard message is simply: “Have a Happy New Year and a great 2013!”
To sign up users simply need to head to Facebook’s new Midnight Delivery page, allow access from the Facebook Stories app and create their message.


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You’d think with all the shiny new Android phones everyone got for Christmas, most people would be running some form of Android 4.0 Ice Cream Sandwich, or even 4.1 Jelly Bean if they were lucky. You’d be wrong, though. Over 47 per cent of the devices that accessed the Google Play store in the last 14 days were running some version of Android 2.3 Gingerbread. Gross.
According to statistics collected by Android Developers, 47.4 per cent of Android devices that used Play in the last two weeks are running Gingerbread software between 2.3.3 and 2.3.7. I feel so bad for them. They should be using beautifully modern versions like 4.0 or 4.1!
In more encouraging news, however, 4.x versions are now becoming more and more commonplace. Android 4.0.3 to 4.0.4, also known as Ice Cream Sandwich versions are up to 29.1 per cent, while 4.1 Jelly Bean — the latest iteration of Android — is pushing through 10 per cent the install base mark. Good job, manufacturers, for pushing 4.1 out quickly.


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CABs of Distinction Grand Tasting on Saturday, May 2 at River Oaks Hot Springs.
"Paso Robles has Napa-like climate and French-like soils," says French-born Central Coast convert Daniel Daou of Daou Vineyards and Winery, hailed as the winery of the year in 2013 by the Connoisseurs' Guide to California Wine. "It has a unique ability to achieve ripeness year after year and producing phenolic-rich [the compounds that create taste, color, and mouthfeel] wines that are yet elegant. In the last few years, Paso Robles wineries started tapping into the potential of the terroir and we are starting to see some of the results. The reality is that we have just seen the tip of the iceberg in this cabernet region and the best is yet to come."
Want to read the rest then do so at KCET's Food Blog.


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After reaching a 40-year high by mid-2022, inflation finally seems to be cooling. Core consumer prices are growing at almost normal rates and overall inflation has fallen to 6.5 percent from a high of 9 percent.
This is good news! But does that mean the dental industry is headed toward calmer waters?
Well, not quite. We recently spoke with Ken Kaufman, CFO at Nuvia Dental Implant Center and author of DEO’s Financial Secrets to Grow Dental Organizations, who urges practice owners and dental group leaders to keep a close eye on one more key metric: unemployment.
So far, unemployment rates have stayed remarkably low. Despite the recent flood of high-profile layoffs in the tech industry, total unemployment hasn’t broken 4 percent since November 2021 — and is sitting at a healthy 3.5 percent today.
A little movement up or down is normal. But what if the Fed continues to raise interest rates and businesses respond with additional rounds of job-cutting?
Well, if we see a steeper climb — past, say, 5 percent — then Mr. Kaufman suggests that dentists had better be ready to buckle up for a bumpy ride. The additional unemployment will make recruiting easier, but put a real damper on new patient growth.
“We won’t have a challenge anymore with finding talent,” he says, “So we’ll be excited about that. But the question is, can we get to a place where people feel comfortable buying? I fear that people are going to shy away from the opportunity to see the dentist.”
This makes sense to us. When money gets tight, we all look to cut costs wherever we can, and no one is going to prioritize dental care over rent or food.
Fortunately, however, dentists can be proactive in preparing for any future rise in unemployment. Mr. Kaufman suggests that practice leaders make sure that their marketing funnels are running as smoothly as possible.
“You have to look for every leaky spot in your funnel, anywhere there’s too much friction,” he says. “Otherwise you’re just giving people reasons to step out of the process.”
That’s music to our ears. Sloppy, inefficient marketing is a waste of time and effort even in a booming economy.
But when the going gets tough, a well-oiled new patient funnel can be the difference between scraping by or coming out ahead.
Make Your Marketing Sing
At SMC, we give you new dental patients at scale. Schedule a free marketing evaluation to learn how you can get more out of your current marketing budget!


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Most of the companies on this list have been energy companies so far. Unsurprisingly, there are also several automakers on this list. After all, oil isn’t worth much if people aren’t using it to fuel their cars. Toyota was the highest-grossing automaker of 2019 and started 2020 at the top, having earned $280,500,000.
Toyota, a Japanese company, has a reputation for building very fuel-efficient cars. It led the way in hybrid vehicles with the introduction of its Prius. Toyota’s fuel efficiency may help it stay at the top of the line as people continue looking for more fuel-efficient and electric cars. The economic collapse of 2020 may take a heavy toll, as people have had to forego car purchases they were planning to make. A high number of layoffs with unprecedented uncertainty about the future and less driving in general may deal Toyota a blow it won’t ever fully recover from.


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Follow the correct cryptocurrency news right here, i.e. the official site of Turbo Polycrypto and in the crypto chat on Telegram.
Correct cryptocurrency news
If you are a web surfer like me, you must have come across false news in the field of cryptocurrency, or maybe it happened to you while surfing the web that you spend minutes reading digital currency news.
Web surfing is considered one of the research methods for traders and cryptocurrency industry activists that by using the internet resources that exist, we can get what we have in our minds regarding crypto technology.
But surfing the web has not always been the right way to get information about the correct cryptocurrency news.
If you pay attention to the rumors that are made for Bitcoin and are published on the Internet, there are many unreliable sites that are active in the field of cryptocurrency by creating rumors and fake news, that is why web surfing is a good way to earn money. True news is not cryptocurrency.
True digital currency news is a collection of news that is true and completely real, not fake news.
Therefore, be careful not to trust any cryptocurrency news on the Internet, and if you do, do not make transactions or investments without research and analysis.
Of course, there are also reliable news sites in this field where you can subscribe to their newsletters and be aware of daily cryptocurrency news.
Our expert team in the field of cryptocurrency has tried to collect the most accurate news of digital currencies by correspondent units in all countries and provide the most accurate news to users.
By going to the Turbo Polycrypto market, you can find out the latest news about digital currencies.
Why should we follow the correct cryptocurrency news?
News has always been one of the criteria of analysts and even traders, and especially investors of the cryptocurrency industry, to conduct transactions on digital currencies based on this criterion.
The most important point of listening to false news in the field of digital currencies is that these false news may threaten your assets and force you to open trades based on false news.
So don’t waste your time easily on some fake and unreliable news sites. Join us in crypto chat on Telegram to get the latest and most accurate news of digital currencies in the world.
The news of your acquaintance with us and cooperation in the field of cryptocurrency to create the largest cryptocurrency news platform is very gratifying. Join us on Telegram
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Tesla has laid off about 9 % of its workers, Electrek first reported. That is a part of the reorganization Musk talked about in Might on the corporate’s quarterly earnings name. The layoffs reportedly began on Monday and will likely be made official in some unspecified time in the future as we speak.
Tesla, which additionally operates SolarCity, is barely shedding salaried workers. Tesla isn’t letting go any manufacturing associates, as the corporate is making an attempt to ramp up Mannequin three manufacturing.
“We made these selections by evaluating the criticality of every place, whether or not sure jobs could possibly be completed extra effectively and productively, and by assessing the precise expertise and skills of every particular person within the firm,” Tesla CEO Elon Musk wrote to workers in an electronic mail obtained by TechCrunch. “As you recognize, we’re additionally persevering with to flatten our administration construction to assist us talk higher, eradicate paperwork and transfer sooner.”
When Tesla acquired SolarCity in 2016, its headcount elevated to greater than 30,000 workers. Towards the tip of 2017, Tesla had round 37,000 workers.
In February, Tesla made a take care of Residence Depot to promote the PowerWall and photo voltaic panels at 800 of Residence Depot’s areas. However Tesla has reportedly not renewed its contract, which suggests the Tesla workers working at Residence Depot gained’t be wanted anymore. As a substitute, Musk stated in his electronic mail that they “will likely be provided the chance to maneuver over to Tesla retail areas.”
The hope with the restructure is to get to profitability. Final quarter, Tesla reported file revenues together with file losses. In Q1 2018, Tesla’s web losses had been a file $784.6 million ($four.19 per share).
Right here’s the complete electronic mail Musk wrote to staffers:
As described beforehand, we’re conducting a complete organizational restructuring throughout our complete firm. Tesla has grown and advanced quickly over the previous a number of years, which has resulted in some duplication of roles and a few job features that, whereas they made sense up to now, are troublesome to justify as we speak.
As a part of this effort, and the necessity to scale back prices and change into worthwhile, now we have made the troublesome determination to let go of roughly 9% of our colleagues throughout the corporate. These cuts had been virtually completely produced from our salaried inhabitants and no manufacturing associates had been included, so this won’t have an effect on our potential to succeed in Mannequin three manufacturing targets within the coming months.
On condition that Tesla has by no means made an annual revenue within the virtually 15 years since now we have existed, revenue is clearly not what motivates us. What drives us is our mission to speed up the world’s transition to sustainable, clear vitality, however we are going to by no means obtain that mission except we finally exhibit that we might be sustainably worthwhile. That could be a legitimate and truthful criticism of Tesla’s historical past to this point.
This week, we’re informing these whose roles are impacted by this motion. We made these selections by evaluating the criticality of every place, whether or not sure jobs could possibly be completed extra effectively and productively, and by assessing the precise expertise and skills of every particular person within the firm. As you recognize, we’re additionally persevering with to flatten our administration construction to assist us talk higher, eradicate paperwork and transfer sooner.
Along with this company-wide restructuring, we’ve determined to not renew our residential gross sales settlement with Residence Depot to be able to focus our efforts on promoting solar energy in Tesla shops and on-line. The vast majority of Tesla workers working at Residence Depot will likely be provided the chance to maneuver over to Tesla retail areas.
I want to thank everybody who’s departing Tesla for his or her exhausting work over time. I’m deeply grateful in your many contributions to our mission. It may be very troublesome to say goodbye. With a purpose to decrease the influence, Tesla is offering vital wage and inventory vesting (proportionate to size of service) to these we’re letting go.
To be clear, Tesla will nonetheless proceed to rent excellent expertise in important roles as we transfer ahead and there may be nonetheless a big want for extra manufacturing personnel. I additionally need to emphasize that we’re making this difficult determination now in order that we by no means have to do that once more.
To those that are departing, thanks for the whole lot you’ve completed for Tesla and we want you properly in your future alternatives. To these remaining, I want to thanks prematurely for the troublesome job that continues to be forward. We’re a small firm in one of many hardest and best industries on Earth, the place simply staying alive, not to mention rising, is a type of victory (Tesla and Ford stay the one American automobile corporations who haven’t gone bankrupt). But, regardless of our tiny measurement, Tesla has already performed a significant position in transferring the auto business in direction of sustainable electrical transport and transferring the vitality business in direction of sustainable energy era and storage. We should proceed to drive that ahead for the great of the world.
Supply hyperlink – https://techcrunch.com/2018/06/12/tesla-lays-off-roughly-nine-percent-of-workforce/