Tesla surprises analysts with hottest sales quarter in history

October 3, 2016

Tesla Motors — whose charismatic chief executive week unveiled plans to go to Mars with his Space X company — said Sunday it more than doubled third-quarter sales, to 24,500 units, from last year. That was better than most analysts expected, including Brad Erickson of Pacific Crest Securities, who last week forecast 22,000 deliveries. Some Tesla’s sales centers were discounting cars in the final days of the quarter to meet targets, he said, as a reason for his bearish outlook.

Harvard, Searching for Endowment Manager, Reports a Loss

September 23, 2016

Harvard is looking for a new manager for its endowment, the largest of any university. And based on results announced on Thursday, there will be plenty of room for improvement. The university reported an overall loss of 2 percent on its investments for the year ended on June 30, bringing their value to $35.7 billion. While many endowments have been posting slightly negative returns for the last fiscal year, Harvard’s showing comes after years of poor performance as a series of investment chiefs have come and gone. For decades, Harvard has embraced a management strategy where a portion of its portfolio was invested by in-house managers and the balance was…

Dos Equis Makes Its Case for Its New ‘Most Interesting Man’

September 12, 2016

FOR nearly a decade, Dos Equis has advertised its beer through a pitchman known as the “Most Interesting Man in the World.” Typically clad in a white button-down shirt and black blazer, the bearded, gray-haired gentleman would be shown in commercials bench-pressing chairs holding nurses or doing handstands on a horse while a narrator dryly delivered hyperbolic testaments to his greatness. “His charm is so contagious, vaccines have been created for it,” one said. “If he were to pat you on the back, you would list it on your résumé,” went another.

A Harvard psychologist reveals a simple trick for getting over the hardest moments in your day

August 29, 2016

Call me cruel, but I kind of love it when friends are dealing with stressful work situations and call me seeking advice. It’s not that I relish their pain — it’s that their freakout is a prime opportunity for me to flaunt my own rationality and problem-solving abilities. As in, why don’t you ask your boss for clarification on the project deadline? Or, don’t take their criticism so personally and just get the job done.

Here’s a look at what Warren Buffett’s Berkshire has been up to

August 16, 2016

While some other prominent investors have exited Apple, Warren Buffett’s Berkshire Hathaway is increasing its stake in the tech giant. The Omaha, Neb.-based investing conglomerate owned 15.23 million Apple shares as of June 30, 2016, according to a recent Securities & Exchange Commission filing. That stake, worth $1.46 billion at the time of the filing, is a 55% increase over the 9.81 million shares held in a March 31, 2016 filing.

World’s Largest Uncut Diamond Heads to Auction, a Break With Tradition

June 28, 2016

The 1,109-carat Lesedi La Rona, a white diamond discovered in Botswana, at an auction preview. Usually such gems are sold by sealed bid. It is expected to fetch over $70 million. Credit Justin Lane/European Pressphoto Agency The world’s largest uncut diamond is about to be sold in a most uncommon way. The tennis ball-size gem — a 1,109-carat white diamond discovered last fall in the Lucara mine in Botswana — will be up for bid Wednesday evening in a public auction at Sotheby’s in London.

The Brexit Clash: Will the UK Stay or Will it Go?

June 16, 2016

  Unless you have been under a rock in recent months you’ve seen the headlines speculating on the impact of Brexit — the term that combines “Britain” and “Exit” — with reference to the June 23 referendum that will determine whether Britain leaves or remains part of the European Union.