| | | |  | | | | Hailing a Future in China | | Apple's Cook Struck $1 Billion Deal With China's Didi in 22 Days | | It took less than a month for Apple and Chinese car hailing app Didi to tie up their $1 billion deal. Both sides have much to gain: Didi, battling with Uber for supremacy in China, gets capital to expand into new cities, recruit drivers and market to potential customers. Apple gets a potentially lucrative investment and wins powerful allies in one of its most important markets. The deal also accentuates Apple's ambitions for cars. | | | | | | | | |  | With the huge baby boom generation hitting retirement age, the U.S. has the largest number of older workers ever. Almost 20 percent of Americans 65 and older are now working. Meanwhile, another generation—millennials—will have to work seven years longer or save twice as much to live as well in retirement as their parents. But with a little adventurous investing,it might not be all bad news for the younger generation. | | | | |  | In clubs large and small, the rules of belonging are in upheaval. Golf is just not as popular as it once was, and courses are closing at the rate of 150 a year. The club model doesn't work so well anymore, and many are changing fee structures to lure new members. Their efforts have landed them in the rough on more than a few occasions with the old guard. | | | | |  | The movie theater and ballpark staple is having a renaissance. Annual sales of ready-to-eat popcorn—meaning already popped—have exploded since 2011, almost doubling to $1.1 billion. Although popcorn is still a relatively small piece of the U.S. salty-snack market, it's been the fastest-growing salty snack each of the past three years. | | | | |  | Starting Monday, you too can be a venture capitalist. New crowdfunding rules going into effect then override a longstanding SEC requirement that investors backing private companies be make at least $200,000 a year and have a net worth of $1 million or more (excluding their home). Now startups raising up to $1 million through online crowdfunding portals will be able to sell shares to people regardless of their wealth or income so long as the founders have submitted annual financial reports to the SEC. | | | | |  | Cadillac House, a coffee shop/retail boutique with an art gallery twist and a bespoke scent (don't laugh: these days you could use those words to describe most Brooklyn neighborhoods) opens June 2 on the ground floor of Cadillac's New York office. The point of this new space is not to sell cars, but rather to be a destination. It's unexpected and risky, so it just might work. | | | | | | | | Where Cooking Dreams Come True | | The Greatest Stove on Earth | | French stove manufacturer Lacanche has been building ranges in Burgundy since the late 18th century and still employs local craftsmen to put each one together by hand. The fully customizable stoves cost $18,885 and customers must wait up to six months for delivery. | | | | | | | | | | | | | | | | |
If you believe this has been sent to you in error, please safely unsubscribe.
No comments:
Post a Comment
Keep a civil tongue.