Tesla's already slowing solar energy business is shrinking – and that's a concerning sign for the company's sprawling solar panel factory in South Buffalo. The electric vehicle and battery maker is in the midst of a plan to reduce its workforce across the country by 9 percent, or more than 3,500 people, and those cutbacks will include reductions at its slowing solar energy business. Reuters reported last week that those cutbacks include closing 13 or 14 of its solar installation facilities – roughly a 20 percent reduction. That still will leave Tesla with about 60 installation facilities across the country. The closings are a further sign that the solar energy business is playing second fiddle to Tesla's electric vehicle business as it pulls out all the stops to meet its production targets for the Model 3 sedan that the company and its investors are counting on to become the high-volume product that will finally make Tesla profitable. The Model 3 is important … [Read more...] about David Robinson: Tesla’s solar business is shrinking. Here’s what it means for Buffalo.
What investors look for in financial statements
By Jason Zweig Jason Zweig The Wall Street Journal BiographyJason Zweig @jasonzweigwsj Google+ [email protected] May 25, 2018 12:09 pm ET 9 COMMENTS The financial-deregulation bill passed by the U.S. Congress this week is the latest phase in the eternal tug-of-war between regulators and banks. As fast as governments impose limits on the financial industry, banks, brokers and other firms fight back. It’s been happening for millennia, and it probably will keep happening until the end of time. To invest in financial stocks, investors need to understand this cycle and where we are in it at any given point in time. Proponents of regulation and deregulation alike tend to underestimate how soon and how far the pendulum will swoop in the opposite direction. Governments have regulated finance since at least the Laws of Eshnunna, which set out limits and penalties in Mesopotamia more than 4,200 years ago. (The maximum allowable interest rate on … [Read more...] about Banks Won Big in Washington. What It Means for Investors
Share This Story! Let friends in your social network know what you are reading about Facebook Email Twitter Google+ LinkedIn Pinterest Gibson bankruptcy: What went wrong, and what lies ahead for Nashville-based icon Gibson guitar and Baldwin piano maker filed for Chapter 11 bankruptcy protection Tuesday. Gibson Brands is based in Nashville, Tenn. It makes guitars, banjos and mandolins and its subsidiary, Baldwin, is a popular piano maker. Sent! A link has been sent to your friend's email address. Posted! A link has been posted to your Facebook feed. Join the Nation's Conversation To find out more about Facebook commenting please read the Conversation Guidelines and FAQs Gibson guitars: Through the years Elvis Presley, a Tupelo native, is shown with his Gibson J-200 guitar in a 1957 MGM studio publicity photo. File, The Clarion-Ledger Gibson guitars: Through the years In this Feb. 19, 1977 file photo, Les Paul, right, and Chet … [Read more...] about Gibson bankruptcy: What went wrong, and what lies ahead for Nashville-based icon
0 View Gallery View Comments LONDON (AP) — Global stock markets traded in narrow ranges Monday as investors awaited fresh drivers following a volatile couple of months that has seen many shares take a pounding on a series of concerns, including fears of a trade war between the U.S. and China, and then recover amid a rebound in risk appetite. KEEPING SCORE: In Europe, Britain's FTSE 100 was almost unchanged at 7,367 while Germany's DAX was steady at 12,536. The CAC 40 in France fell 0.1 percent to 5,410. U.S. stocks were poised for a similarly flat opening with Dow futures and the broader S&P 500 futures unchanged. NORTH KOREA: Much of the focus in financial markets relates to geopolitical issues, especially in the run-up to a potential meeting between U.S. President Donald Trump and North Korean leader North Korea's Kim Jong Un. On Saturday, Pyongyang suspended further nuclear and intercontinental ballistic missile tests and close its nuclear test site, a move … [Read more...] about Global stocks looking for direction in flat start to week
Share Tweet Share Email Comments Print In 2015, Tom Klein, a soft-spoken man who enjoys E.E. Cummings poetry and has passionate views about the environment, decided he wanted to be more socially responsible when it came to investing his money. “Tom came to me and he asked me, ‘Can we build a portfolio that represents my belief in being environmentally conscious?’” said Josh Mudse, Mr. Klein’s financial adviser. “I had not built one, but at our firm we build portfolios regularly for clients that have a faith-based perspective. … And I knew it was possible certainly to do an environmental portfolio. So it was a great task to research,” said Mr. Mudse, of Munn Wealth Management in Maumee. Financial planner Josh Mudse, left, and Bowling Green State University Professor Emeritus Tom Klein are planning an upcoming event at Bowling Green State University to teach people how to invest in a socially responsible manner. … [Read more...] about Socially Responsible Investing taking off in financial world