Skip to content

Method

By Paul Lienert, Norihiko Shirouzu and Edward Taylor

(Reuters) – Elon Musk is hailed as an innovator and disruptor who went from knowing next to nothing about building cars to running the world’s most valuable automaker in the space of 16 years.

But his record shows he is more of a fast learner who forged alliances with firms that had technology Tesla lacked, hired some of their most talented people, and then powered through the boundaries that limited more risk-averse partners.

Now, Musk and his team are preparing to outline new steps in Tesla’s drive to become a more self-sufficient company less reliant on suppliers at its “Battery Day” event on Sept. 22.

Musk has been dropping hints for months that significant advances in technology will be announced as Tesla strives to produce the low-cost, long-lasting batteries that could put its electric cars on a more equal footing with cheaper

Read More

CLOSE

American Airlines is sending 25,000 Worker Adjustment and Retraining Notification (WARN) letters on July 15 ahead of potential layoffs or furloughs.

Video Elephant

The Labor Department is switching to a new method to seasonally adjust its weekly jobless claims figures that could result in a sharply lower claims totals.

Initial claims – a rough measure of layoffs –that have hovered around 1 million each of the past few weeks could come in closer to about 800,000 for the week ending Aug. 29.

As a result, USA Today has decided to use non-seasonally adjusted claims totals so we can better compare the most recent numbers with previous figures.

Economics reporter Paul Davidson breaks it down.

How does a seasonally adjusted figure differ from one that’s not seasonally adjusted?

The government routinely seasonally adjusts its economic numbers to account for events that occur at certain times every year and are likely

Read More

Another 950,000 Americans likely filed for first-time unemployment insurance benefits last week, with the number of individuals newly put out of work during the pandemic remaining stubbornly high.

That expected sum would mark just the second time during the pandemic that new weekly jobless claims dipped below 1 million. Thursday’s report, however, will also mark the first time the US Department of Labor (DOL) counts new and continuing jobless claims under an updated system, with this change expected to lower the number of seasonally adjusted claims that get reported.

The DOL is set to release its report on weekly unemployment insurance claims Thursday at 8:30 a.m. ET. Here are the main metrics expected from the DOL’s report, compared to consensus estimates compiled by Bloomberg:

  • Initial jobless claims, week ended Aug. 29: 950,000 expected, vs. 1.006 million during the previous week

  • Continuing claims, week ended Aug. 22: 14.000 million expected, vs.

Read More

Aaron Marshall is CEO & Co-Founder of Keyrenter Property Management, the nation’s leading property management and real estate franchise.

When starting a business, one of the biggest pressures we put on ourselves is to have this outstanding, never-before-seen concept or idea. Yet every professional businessman or woman will point to a certain person or company and cite them as influences on their own careers and aspirations. Every day, leaders and entrepreneurs gain momentum and perspective from examples other leaders set. So, why not create a business based on a model you already admire? That’s where the concept of “rip off and duplicate” comes in.

The rip-off-and-duplicate technique is a bigger component to franchising than you may think. People often feel that having an original idea of their own makes it the best idea automatically. Well, that just isn’t true. If an idea exists that you feel you could make

Read More

Designed using Magazine News Byte. Powered by WordPress.