Tesla needs over $1 billion in cash over the next 6 months, and Wall Street is going nuts figuring out where it’s going to come from

Tesla needs over $1 billion in cash over the next 6 months, and Wall Street is going nuts figuring out where it’s going to come from

Between the moment you’re reading this and the end of 2018 Tesla needs to come up with about a billion dollars to give to creditors. And right now it doesn’t look like the company has it. So forget the libel lawsuits and the Twitter wars, the SEC investigations and tearful interviews from CEO Elon Musk. Forget the race to 5,000 Model 3s and the “production hell” turned “delivery hell” and all the hours of rework. Try to forget all the drama with hip-hop star Azealia Banks (if you possibly can). Remember instead that Tesla is –…

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Calvin Klein and Tommy Hilfiger are sending a clear signal that Amazon is the future of fashion, and it’s terrible news for department stores

Calvin Klein and Tommy Hilfiger are sending a clear signal that Amazon is the future of fashion, and it’s terrible news for department stores

One of the biggest fashion retailers in the US is going all-in on Amazon, and it’s telling of where fashion is headed. According to a recent report from Nomura, Amazon now offers a bigger selection of Calvin Klein and Tommy Hilfiger clothing than Macy’s and JCPenney do. These brands, both owned by PVH Corp, have historically had a strong presence in department stores. However, Nomura data shows that they are shifting away from this channel in search of greener pastures. While department stores have struggled in recent years, Amazon has…

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Cramer’s ‘power ranking’ for consumer staples: Constellation, Costco, McCormick, Clorox, Estee Lauder

Cramer’s ‘power ranking’ for consumer staples: Constellation, Costco, McCormick, Clorox, Estee Lauder

In the spirit of football season, CNBC’s Jim Cramer has taken up a new strategy for finding each stock market sector’s power players — stocks that may have been inconsistent in the past, but look better than the competition at the moment. This week, the “Mad Money” host started “laying out the Cramer power rankings to show you which stocks I like most as we head into the end of the year,” he said on Tuesday. For his next sector breakdown, Cramer chose the consumer staples space, which includes makers of household needs like food, beverages…

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You Have To Own Your Career Because Nobody Else Cares About You

You Have To Own Your Career Because Nobody Else Cares About You

The following advice may initially come across as cold, cynical and harsh, but stick with me. In my experience, you have to own your career because nobody else cares about you. In my parents’ generation, people took jobs that didn’t even require a college degree—incurring hundreds of thousands of dollars in debt—and stayed with the company for their entire career. There was an implicit contract between the parties. Employees agreed to work hard, punch the clock and would be reasonably rewarded with a gold watch and pension—just good enough to…

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The World Trade Organisation (WTO), the World Bank, and the International Monetary Fund (IMF) all came together to ask for urgent reforms in international trade. In a joint report, the institutions focused on modernising the WTO regulations to focus on the digital arena in order to ‘harness the unique strength’ of the organisation in changing times. The Director General of the WTO, has earlier stated that the current global trade tensions have the potential to undermine the economic order that was established after World War II. The functions of the World Trade Organisation (WTO),…

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India buys Russian missile system, risking US sanctions

India buys Russian missile system, risking US sanctions

India signed a $5 billion purchase of advanced missile technology from Russia on Friday, a deal seen as New Delhi’s response to China’s growing influence in the Indian Ocean. Russian President Vladimir Putin arrived in New Delhi Thursday to meet Indian Prime Minister Narendra Modi for an annual bilateral summit that’s has focused on energy, security and defense issues. Of particular interest is India’s purchase of the Russian-built S-400 Triumf, a long-range surface-to-air missile system capable of destroying both cruise and ballistic missiles. The order, which has been under discussion since 2015, was finalized on…

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Saving Mexico City’s Art Deco Treasures

Saving Mexico City’s Art Deco Treasures

The El Moro building, one of Mexico City’s Art Deco treasures, suffered significant damage during last year’s earthquake; the upper floors swayed several feet during the tremors. Photo by Paul Biasco Pin this image Facebook Share this image One year ago—September 19, 2017—a massive earthquake rattled Mexico City, toppling dozens of buildings and damaging thousands more. The neighborhoods of Condesa and La Roma, home to some of the most excellent examples of Art Deco architecture arguably anywhere in the world, were hit hardest. While many structures throughout the city, including historical buildings,…

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Ripponlea dream home with Art Deco charm, resort-style yard to make a splash

Ripponlea dream home with Art Deco charm, resort-style yard to make a splash

16 Glen Eira Rd, Ripponlea is up for grabs with $4.1-$4.5 million price hopes.Source:Supplied LUSH resort-style grounds surround this century-old Ripponlea house, which is filled to the brim with Art Deco charm. McGrath St Kilda’s Nicole Prime said the residence at 16 Glen Eira Rd had been “tastefully renovated” within the past decade, enhancing period details like domed ceilings, timber floors and open fireplaces. The Art Deco facade of 16 Glen Eira Rd (spot The Simpsons character).Source:Supplied Ads by Kiosked The rear of the property resembles a resort.Source:Supplied Ads by Kiosked RELATED: Gong-smashing performance for…

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Open for inspection: The best properties for sale in Melbourne right now

Open for inspection: The best properties for sale in Melbourne right now

19 Callantina Road, Hawthorn. Photo: Kay & Burton Domain’s expert guide to the best properties on the market in Melbourne this week. 19 Callantina Road, Hawthorn 6 bedrooms, 6 bathrooms, 5 car spaces When it comes to prime real estate close to top-flight schools, this A-grade inner-east property on 1136 square metres is first-class and a fence line away from Scotch College campus. “It is the perfect home, a Scotch parents’ dream, particularly for a family with three school-age children,” its agent says. The Briars boasts 1890s establishment pedigree and prestige 21st century smarts,…

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Simple ways to boost your energy

Simple ways to boost your energy

Some individuals are used to dealing with low levels of physical energy and find all kinds of ways of getting through the day, from sheer willpower to extra cups of coffee or caffeine drinks;that is usually a mistake. A lack of energy, along with fatigue and lethargy are often key signs that there is something wrong with the way you are living. Fortunately, there are steps you can take to increase your energy levels, and none of them require complicated procedures or medication. De-stress If you’re living a busy life,…

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