Business

Linchpin Of Electric Truck Maker Nikola’s Business

The focus on the stock price gyrations of electric truck startup Nikola Corporation (NASDAQ: NKLA) overlooks a major part of its business plan-making and selling hydrogen fuel for its fuel cell trucks and anyone who wants it.

“Hydrogen is a key to everything with Nikola,” says Executive Chairman Trevor Milton. “It’s our ability to separate ourselves from our competitors. “Nikola is not just a truck company. We’re really an energy technology company.

“We’ve spent more time on reducing the cost of hydrogen than we’ve spent on anything else, including building the trucks. The trucks are just a product to consume energy, and also a product to clean up the world.”

The story surrounding Nikola’s zero-emission Class 8 fuel cell trucks is a bit confusing because the company will build a heavy-duty battery-electric cabover model before it makes more aerodynamic conventional trucks that run on hydrogen. 

Production of the Nikola Tre

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Here’s how your small business can be the next ‘Big Find’ brand on QVC

QVC and HSN — two of the biggest shopping destinations —  have helped entrepreneurs achieve their dreams for over 30 years. Now, they’re on a mission to help a new crop of hopefuls have a chance to shine through their new The Big Find initiative. Now through Wednesday, August 19, you can apply here by submitting an application with a video.

Small businesses, like the ones chosen for The Big Find, are the backbone of America. They make our world a better place. Through the initiative, the mega retailers have given these brands — ranging from beauty, apparel and footwear to accessories, jewelry and homeware  — a chance to share their stories and offerings with customers across their digital and broadcast platforms. Even more: QVC and HSN, known for fostering a culture of entrepreneurship, will continue to nurture these companies and support them in their growth. 

If you’re in the

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Buckle Up 7% on Solid July Sales, Online Business Bodes Well

Shares of The Buckle, Inc. BKE have increased 7.4% since the company released robust sales numbers for July on Aug 6. Moreover, the company’s online business, which has been open throughout amid the COVID-19 crisis, is performing outstandingly. Coming to sales data, total net sales for the four-week fiscal month ended Aug 1, 2020 grew 3.8% to $70 million from net sales of $67.5 million recorded in the four-week fiscal month ended Aug 3, 2019. This marks the second-straight sales increase on a monthly basis.

We note that the company had seen an increase of 26.8% for June, following a sales decline of 16.8%, 80.8% and 50.2%, respectively, in the preceding three months. Further, net sales for the 13-week fiscal quarter ended Aug 1, 2020 rose 6% to $216 million compared to net sales of $203.8 million recorded in the year-earlier 13-week fiscal quarter. Moreover, online sales for the same

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Diller’s IAC/InterActive Invests $1 Billion in MGM Resorts

(Bloomberg) — IAC/InterActive Corp.’s $1 billion investment in casino operator MGM Resorts International demonstrates media mogul Barry Diller is still a top dealmaker.

IAC, a media and internet company with more than 150 brands and products, announced Monday that it built a 12% stake in MGM, just weeks after it spun off online dating behemoth Match Group Inc. “With the separation of Match Group from IAC, and ‘new’ IAC emerging with $3.9 billion of cash, no debt, and its opportunistic zeal intact, we are energized and excited to make this investment in MGM,” Diller, IAC’s chairman, said in a statement. News of the deal caused MGM Resorts shares to jump as much as 25%. IAC shares declined about 2%.

One thing that attracted Diller to MGM in particular is an area that currently comprises a tiny portion of IAC’s revenue — online gaming. That market represents a $450 billion global

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What We Make Of B.O.S. Better Online Solutions’ (NASDAQ:BOSC) Returns On Capital

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Firstly, we’ll want to see a proven return on capital employed (ROCE) that is increasing, and secondly, an expanding base of capital employed. If you see this, it typically means it’s a company with a great business model and plenty of profitable reinvestment opportunities. So when we looked at B.O.S. Better Online Solutions (NASDAQ:BOSC) and its trend of ROCE, we really liked what we saw.

Understanding Return On Capital Employed (ROCE)

For those that aren’t sure what ROCE is, it measures the amount of pre-tax profits a company can generate from the capital employed in its business. The formula for this calculation on B.O.S. Better Online Solutions is:

Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets – Current Liabilities)

0.032 = US$483k ÷ (US$25m – US$9.4m) (Based on

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Pro Wrestling Legend Kamala The ‘Ugandan Giant’ Dies Of Coronavirus

James Harris, a former professional wrestler best known as Kamala, the “Ugandan Giant,” has died. He was 70.

“Unfortunately, the rumors were correct,” Kenny Casanova, coauthor of Harris’ autobiography, Kamala Speaks, wrote on Facebook. “To make matters worse, it was Corona that took him; he was one of the good ones.”

Harris shot to fame in the 1980s heyday of pro wrestling, battling superstars such as Hulk Hogan, Andre the Giant and The Undertaker for World Wrestling Entertainment, then known as the WWF, or World Wrestling Federation

Wrestling icon Bret “The Hitman” Hart said Harris played “a terrifying monster” in the ring, with his tribal mask, face paint and body paint on his 6′7”, 380-pound frame. But the reality couldn’t have been more different. 

“Unlike his heel character, he was one of the friendliest, nicest, happy-go-lucky guys I ever knew in pro wrestling,” Hart wrote on Instagram. “Always a

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What These 32 Netflix Stars Did Before They Were Famous

With over 167 million subscribers, Netflix has the power to turn unknowns into superstars virtually overnight — and that’s been the case for the stars of several of the streaming service’s original television series and films. Some Netflix notables had been pursuing acting for years before getting their big break, while others had gotten their start in other industries before gaining small-screen fame.

See what the stars of “Stranger Things,” “You,” “To All the Boys I’ve Loved Before” and more were doing before they were famous.

Last updated: Aug. 7, 2020

Uzo Aduba

Uzo Aduba was relatively unknown when she was cast as Suzanne “Crazy Eyes” Warren on “Orange Is the New Black.” Before she got the small-screen role, Aduba was predominantly a stage actress, having starred in several off-Broadway shows as well as the Broadway show “Godspell.”

Penn Badgley

Penn Badgley’s acting career started long before he appeared as

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Pandemic to Create Strong Headwinds Against Holiday Spending This Year

With consumer behavior changing rapidly due to unprecedented times, industry experts and consultants expect this holiday shopping season to be a far cry from those past.

Due to the pandemic, consumers have experienced a vast amount of uncertainty — leading to fear, anxiety and conservative spending.

“Over 40 percent of Millennial and Gen Z shoppers expect to spend less this year, with a greater proportion of younger shoppers indicating this compared to older Millennials, according to our survey,” said Deborah Weinswig, chief executive officer and founder of Coresight Research, a global advisory and research firm specializing in retail and technology. “Younger shoppers are early on their jobs or are recent graduates and will be heading into the holiday season with a lower propensity to spend, given their low incomes compared to older shoppers. Savings rates in the U.S. are also on the rise, and younger shoppers are likely to want

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All the essentials you need for your pet

If you've adopted a cat during lockdown, ensure you have everything you need to keep them happy, healthy and entertained: iStock/The Independent
If you’ve adopted a cat during lockdown, ensure you have everything you need to keep them happy, healthy and entertained: iStock/The Independent

The 8 August marks International Cat Day, an annual event that has been celebrated since 2002.

It was originally created by the International Fund for Animal Welfare which works to raise awareness for felines, from big cats to domestic pets, and educate people on how to look after and protect them.

As of 2020, Wiltshire based charity, International Cat Care, are now custodians of the event and it’s a day to unite cat lovers and learn more about the varied species.

If you’ve long been a cat-owner, you’ll have all the essentials you need to keep them happy at home.

However, if spending more time at home during the pandemic has inspired you to adopt or buy a new furry friend, then you’ll need to get kitted out

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Being Ready for the Next One

The coronavirus has been a crash course in crisis management.

Fashion — and nearly everything else — has been turned on its head. Runway shows were canceled, stores closed and companies hunkered down, leaving bills unpaid as consumer sentiment tanked. 

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But even as the companies that made it through the first stage of the COVID-19 crisis try to make a comeback and reopen, an important and disturbing question lingers:

What about the next one? 

Surviving the spring and summer so far was already a trick and one that many couldn’t pull off, including the now-bankrupt Neiman Marcus Group, J. Crew Group, J.C. Penney Co. Inc., Brooks Brothers, Tailored Brands Inc., Le Tote and Lord & Taylor — the list goes on.

But there are things companies can do now to prepare for the next shock — whether it’s a second wave of COVID-19, a natural disaster down

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