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 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…
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.
As part of the project A Nation Engaged, NPR and member stations are exploring America’s role in the world heading into the presidential election.
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.
I, like many of you, am outraged by the rhetoric of the leading presidential candidates. What’s probably unusual about my outrage is that it stems from the maligning of hedge fund managers.
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.
Top advisers rejecting robo-advice model; Most ‘elite’ advisers are looking to grow through personalized service to ultra-wealthy and institutional clients
The nation’s best performing independent advisory firms don’t plan to add automated financial advice platforms to their list of services, even as lots of other firms are planning to go robo.
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.
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.