How Tesla Makes Its Money
[Investing]
2021/05/03 09:08
Tesla reported its biggest ever quarterly profit this week, notching up "operating profit" of $594m for the three months to March 2021. We dug into the report, to see just how the Tesla economic machine actually works.Electric cars... and moreThe bulk of Tesla's revenue does come from its core business of selling electric vehicles, with around $8.5bn of revenue from automotive sales — but arou...
AI-Powered Construction Project Platform OpenSpace Nabs $55M
[Investing]
2021/05/03 09:07
OpenSpace, a platform that helps construction companies track building projects through AI-powered analytics and 360-degree photo documentation, has raised $55 million in a series C round of funding led by Alkeon Capital Management.The raise comes amid a cross-industry digital transformation boom, spurred in large part by the pandemic. Construction has often lagged behind other sectors in terms...
(PDF) Consumer Spending Drives U.S. GDP Growth in Q1 2021
[Investing]
2021/05/03 09:06
The U.S. GDP grew at an annual rate of 6.4 percent in the first quarter of 2021, according to the advance estimate released by the U.S. Bureau of Economic Analysis (BEA). Fueled by several rounds of stimulus checks, personal consumption expenditure was the main driver behind the upswing, as private domestic investment and the negative trade balance pulled in the other direction.Personal consump...
Murata to Mass-Produce All-Solid-State Batteries in Fall
[Tech]
2021/05/03 09:05
Murata is changing its battery strategy by forgoing sales to smartphone makers in favor of those to wearable producers.Murata Manufacturing will begin mass-producing all-solid-state batteries in the months ahead and supply the ultrasafe, next-generation power packs to makers of earphones and other wearables as it forgoes short-term profit and attempts to carve out a niche for itself in a cutthr...
Luxury Puffer Jacket Is Filled With Helium, And It Actually Flies
[Product]
2021/05/03 09:04
The inflatable garment is packed with a “top secret” ultra-light material.There’s something about the childlike balloon that continues to fascinate grownups. For one, in 2013, Jeff Koons’ Balloon Dog sold for a then-record price of US$58.4 million.These party objects usually serve an aesthetic purpose more than anything else, but designer Andrew Kostman is changing that with a jacket so lig...
Monthly Trend Report - May. 2021 Edition
[Trendbird]
2021/05/03 09:03
MONTHLY TREND REPORT - May. 2021 Edition Released !TRENDBIRD (What's the Next Big Thing ?) is a Global Trend Research & Consulting Service that Instantly Delivers Industry Expert Information on Emerging Trends & Future Business Opportunities from Around the World, Ahead of The Curve."
Housing Market Reaches Record-High Home Price and Gains in March
[Investing]
2021/04/27 09:10
The median existing-home sales price in March rose by a record-breaking annual pace of 17.2% to a historic high of $329,100, with all regions posting double-digit price gains. The median existing-single-family home sales price jumped 18.4% to $334,500, both historic highs.Existing-home sales fell 3.7% from the prior month to a seasonally-adjusted annual rate of 6.01 million as sales in all majo...
(Video) UNIQLO Opens Up Shop In ‘Animal Crossing’ With Real & In-Game Clothing
[Business]
2021/04/27 09:09
Can you believe it’s been a year since the world was first forced to stay indoors and turned to Animal Crossing: New Horizons for a mental escape? It turns out that life in the game is still good, and it is even getting an island-sized UNIQLO store that Tom Nook is surely gaining a large share of.Yes, the Japanese everyday fashion retailer is joining the beloved simulation game, and it’s goin...
What The Omnichannel Grocery Store Trip Of The Future Will Look Like
[Business]
2021/04/27 09:08
With always-on digital connections and step-changed consumer demands, the grocery store experience is evolving. From text-based customer service to virtual kitchens, we visualize the tech changing our trip.The past year forced grocers to focus on omnichannel connections. Online grocery sales growth skyrocketed an estimated 53%, and these new digital shopping behaviors are projected to stick. Th...