Month: November 2019

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Brexit drove Tesla to pick Berlin over Britain for new factory: report

November 13, 2019 admin Comments Off on Brexit drove Tesla to pick Berlin over Britain for new factory: report

Britain missed its chance to host the first European factory of U.S. electric vehicle pioneer Tesla because of Brexit, Chief Executive Elon Musk said in remarks reported on Wednesday. The company had earlier said it chose a location near Berlin for a new design centre and plant to make batteries, powertrains and vehicles, offering a major boost to the German capital. Berlin’s minister in charge of economic affairs, Ramona Pop, said the move could create 6,000 to 7,000 jobs in production alone, with hundreds or even thousands more in areas such as design, software or research. …read more […]

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Canada Goose Falls Most Since May on Hong Kong, Outlook

November 13, 2019 admin Comments Off on Canada Goose Falls Most Since May on Hong Kong, Outlook

(Bloomberg) — Canada Goose Holdings Inc. fell on Wednesday after saying that unrest in Hong Kong hurt its business there and that wholesale revenue will decline this quarter. Earlier, the stock had risen, bolstered by sales in Asia.Chief Executive Officer Dani Reiss said performance in Hong Kong, where Canada Goose recently opened a second store, was significantly impacted by protests. The parka maker reported global revenue increased 28% to C$294 million ($221 million) in the fiscal second quarter, outpacing projections. The company didn’t raise its guidance for the full year and reported that inventory expanded. For more details, see here.Key …read more […]

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How to Decide When to Retire

November 13, 2019 admin Comments Off on How to Decide When to Retire

As you near the end of your career, do you know when to retire? If not, you aren’t alone. This is a question that many people struggle to answer throughout their professional lives. In fact, the answer is different for everyone.
Generally, the best time to retire is between the ages of 62 and 70. According to the U.S. Census Bureau, the average retirement age in America today is 63. However, retiring this early will greatly affect your Social Security and Medicare benefits. Read on to learn more about this important decision.

Factors That Determine When to Retire
There are a variety of …read more […]

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Elon Musk’s German Factory Started With Love Letter From Berlin

November 13, 2019 admin Comments Off on Elon Musk’s German Factory Started With Love Letter From Berlin

(Bloomberg) — When Elon Musk tweeted last year that Germany was a front-runner for Tesla Inc.’s first European car factory, it sent politicians into a frenzy to win over the billionaire.Berlin’s economy minister, Ramona Pop, responded with a two-page letter that waxed lyrical about Musk as a pioneer and visionary and offered financial sweeteners to attract him to a city bustling with a vibrant tech scene and a network of auto research institutes. She even floated access to a nearby race track where Tesla could take its cars for a spin.As the beauty contest gained momentum, it turned into a …read more […]

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Luckin’s Sales Tops Forecast as It Chases Starbucks in China

November 13, 2019 admin Comments Off on Luckin’s Sales Tops Forecast as It Chases Starbucks in China

(Bloomberg) — Luckin Coffee Inc., the chain that’s trying to overtake Starbucks Corp. in China, reported better-than-expected revenue in its second set of quarterly results since going public.The Xiamen, China-based company had net revenue of 1.54 billion yuan ($219.6 million) for the September quarter, according to a filing Wednesday, compared with the 1.47 billion yuan average of analysts’ estimates. Net loss widened to 531.9 million yuan from 484.9 million yuan a year earlier.Luckin’s latest results provided some comfort to investors who have been looking for progress in the company’s financial position. The shares climbed as much as 15% in New …read more […]