Business

Tesla CEO Elon Musk: extreme micro-manager

the idea was late 2016. Tesla CEO Elon Musk had confidently told investors in which his company would certainly be cranking out 500,000 electric cars a year by 2018. To hit those mass-market volumes, the CEO ordered a team of engineers to figure out how to “automate everything” about style 3 assembly. The style 3 was the future of Tesla. ...

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Skechers jumps after strong third-quarter profits along with future guidance

Skechers shares jumped as much as 8 percent in after-hours trading Thursday following the Discharge of the company’s third quarter earnings report which beat profit estimates. The shoe company reported earnings of 58 cents per share for the third quarter, higher than the 51 cents analysts had expected, according to a Refinitiv consensus estimate. Revenue missed expectations however, with Skechers ...

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Most US cannabis stores are ‘underperforming’

Cannabis retail inside the United States will be fraught with “points of dissonance” inside the stores which exist today, retail industry veteran Peter Horvath, who today runs a cannabis-focused consumer products company, told CNBC on Thursday. Horvath, a former L Brands in addition to American Eagle Outfitters executive whose newest employer, Green Growth Brands, will come public later which year, ...

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Don’t be like the Fed if you own Amarin

Amarin Corp.: “We’re going to take out our cost basis tomorrow, even though in which heart drug can be pretty not bad. Tomorrow, you take out the cost basis in addition to you can’t lose. As a matter of fact, I might take out double my cost basis because in which stock’s inside $20s today. in order in which’s how ...

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Goat CEO explains why sneakers are for more than just sports

On the sneaker reselling website Goat, one pair of shoes can go for as much as $60,000, according to CEO Eddie Lu. “the item’s not just a sports thing, the item’s a lifestyle thing,” Lu said in an interview with CNBC’s Wilfred Frost. Goat is actually the largest resale marketplace for sneakers, with over 35,000 unique styles available on its ...

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China posts economic data amid trade war with US

China’s economic growth slowed more than anticipated to the weakest pace since the first quarter of 2009 as the country’s trade war with the U.S. puts pressure on growth, according to official data released on Friday. the earth’s second-largest economy said its economy grew 6.5 percent year-over-year inside the third quarter of 2018. which missed expectations for a 6.6 percent ...

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Amazon to open Manchester office, add 1,000 R&D jobs from the UK

Getty Images Amazon CEO Jeff Bezos is usually sizing up locations for its second US headquarters. Among the criteria: convenient access to mass transit along with an international airport, a highly educated labor pool, a strong university system along having a diverse population. Amazon is usually set to open a completely new office in Manchester along with will hire more ...

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DowDuPont tumbles after reporting $4.6 billion impairment charge

DowDuPont shares fell more than 6 percent during after-hours trading Thursday as the company faces a $4.6 billion impairment charge. The chemical company’s $4.6 billion charge is usually related to goodwill as well as some other assets of its agriculture reporting unit, according to the SEC filing. in which occurred at the time of the merger between The Dow Chemical ...

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