These handmade scissors have been produced in Sheffield, England, for over 100 years. But compared to a $2 mass-produced pair, the kitchen scissors will cost you over $100, and a pair of professional tailor’s shears cost $315. So just what is it that makes them so expensive? For more from Ernest Wright: https://www.ernestwright.co.uk/ MORE SO
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A recent paper suggests that it’s possible to make the battery with a million-mile life Elon Musk needs to power a fleet of robotaxis. We break down what this battery means for the future of Tesla. MORE TESLA: How Tesla’s Model Y Compares To Ford’s First EV Why Tesla’s Model 3 Received A 5-Star Crash
The FT’s Martin Wolf explains what the world could look like when the epidemic is over Read more at: https://on.ft.com/3bpaly9 See if you get the FT for free as a student (http://ft.com/schoolsarefree) or start a £1 trial: https://subs.ft.com/spa3_trial?segmentId=3d4ba81b-96bb-cef0-9ece-29efd6ef2132 ► Check out our Community tab for more stories or to suggest videos. ► Listen to our
► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs Why do huge external imbalances herald disaster? Martin Wolf, the FT’s chief economics commentator, explains what happens when some countries spend much less than their incomes and so run big current account surpluses, while others do the opposite. ► FT Comment: http://bit.ly/1ImtZ8r ► FT World News:
As a child, Richard Branson suffered from dyslexia and struggled in school. Branson never thought he would go on to be the billionaire founder of the Virgin Group.
When Doc Martens first appeared in the UK, in 1960, they were working boots that would cost you under $3 a pair. These days, a pair of Made in England boots could set you back $225. So, what has changed? And why are these shoes now so expensive? For more boots being cut in half,
The company has been hand-making soap, bath bombs and body products for almost a quarter of a century but it is only now that ethical brands have become so much a part of the mainstream. The FT’s Daniel Thomas profiles the cosmetics company. Read more at https://on.ft.com/2ScJWhf ► Check out our Community tab for more
U.S. Representative, Nancy Pelosi (D-CA) at the ceremonial swearing in of Representative Elect Kweisi Mfume (D-MD). Michael Brochstein | Barcroft Media | Getty Images Fewer people itemizing Since the new tax law, significantly fewer people are claiming the SALT deduction. About 16 million taxpayers claimed the SALT deduction for the 2018 tax year, according to
The historic consumer price drop in April may be more than a temporary setback. Michael Gapen, Barclays’ head of US economics research, warns widespread job losses due to the coronavirus pandemic is radically changing Americans’ spending habits. He suggests the damage will last years. “Whether this is a permanent shift will in part depend on
The Robinhood application is displayed in the App Store on an Apple Inc. iPhone in an arranged photograph taken in Washington, D.C., U.S., on Friday, Dec. 14, 2018. Andrew Harrer | Bloomberg | Getty Images The coronavirus market downturn spurred young people — in some cases, for the first time in their lives — to get
Republican Sen. Rand Paul challenged one of the Trump administration’s top health advisors on the coronavirus pandemic, questioning why the U.S. shouldn’t reopen schools in the fall when relatively few children die from Covid-19. “Shouldn’t we at least be discussing what the mortality of children is?” Paul asked White House coronavirus task force advisor Dr.
With more than 30 million people out of work and a growing number of Americans feeling severely cash-strapped, loans are a lifeline. If you can get one. Despite rock-bottom interest rates, banks are tightening lending standards across the board, shrinking the availability of credit. “If you can get a loan, then the price of it is going
It’s no surprise that wellness expert and author Deepak Chopra is spending his days in quarantine, meditating, doing yoga and getting lots of sleep. “I’m so happy,” Chopra tells CNBC Make It. In fact, Chopra’s quarantine routine is similar to the quiet life he lead before the Covid-19 pandemic. Chopra, 73 and founder of non-profit
The Swedish government said the funding boost should be enough to fund training for 10,000 people. Maskot/Getty Images The Swedish government has pledged to spend an additional 2.2 billion Swedish krona ($226 million) on care for the elderly, as its death toll from the coronavirus continues to rise. Sweden’s government said Tuesday the funds would
Jin Lee | Bloomberg | Getty Images Check out the companies making headlines in midday trading. GrubHub, Uber — Grubhub shares soared more than 27% on news that ride-hailing company Uber has approached the company with a takeover bid. Uber’s offer comes months after other outlets reported that food-delivery service Grubhub had hired advisors to explore strategic
Social Capital CEO Chamath Palihapitiya argued Tuesday on CNBC that Jeff Bezos is a better investor than Warren Buffett, pointing to the Amazon CEO and founder’s history of reinvesting in the business. “People used to lambaste Jeff Bezos for not being profitable, but when you looked under the hood, he was the single best investor of our generation,
In the months since the novel coronavirus started spreading across the world, Bill Gates has been one of the most outspoken public figures with regards to the global response to the pandemic. However, Gates says he wishes he had “done more” to warn the world about the potential dangers of a global pandemic before coronavirus
A lot of people ask StarTalk Radio host Neil deGrasse Tyson if extraterrestrial life exists and why haven’t we encountered any alien life yet. “Maybe they have visited us in Times Square,” Tyson tells us. “But no one noticed because everybody who hangs out in Times Square is just a little crazy.” A more serious
Veteran NASA astronauts Robert Behnken and Doug Hurley speak with CNN Business’ Rachel Crane about their upcoming test flight aboard SpaceX’s Crew Dragon spacecraft. They’ll be the first humans sent to space from US soil since the Shuttle program ended almost a decade ago. Produced by Gabe Ramirez Supervising Producer: Bronte Lord #CNN #NASA #SpaceX
Chief Executive Officer Bracken Darrell of Logitech addresses a news conference in Zurich, Switzerland March 6, 2019. Arnd Wiegmann | Reuters Logitech reported a 13.6% rise in quarterly sales on Tuesday as more people used its computer products while working from home due to the coronavirus crisis. Logitech said demand accelerated in the three months
A customer looks at a newly purchased Toyota Motor Corp. vehicle at the Brent Brown Toyota dealership in Orem, Utah, on Monday, April 6, 2020. George Frey | Bloomberg via Getty Images Toyota Motor on Tuesday said it expects profit to drop 80% to its lowest in nine years, as Japan’s biggest automaker grapples with
U.S. President Donald Trump speaks during a meeting with Republican members of Congress in the State Dining Room at the White House in Washington, U.S., May 8, 2020. Tom Brenner | Reuters President Donald Trump is reportedly considering another way to get more money to struggling Americans by letting them take an advance on their
What a difference a year may make. CFRA’s Sam Stovall believes stocks will return to all-time highs in the next 12 months. “In other bear markets going back to 1929, and the average 13 month advance was 50%,” the firm’s chief investment strategist told CNBC’s “Trading Nation” on Monday. “We have a very good possibility
As states begin to lift stay-at-home orders, some of the first businesses to shut down in March to minimize the spread of coronavirus are now beginning to reopen their doors. Workers within the retail, restaurant, hospitality, service and meatpacking industries are getting calls from their employers that it’s time to get back to work. But
Richard Branson, Founder of Virgin Galactic (C) poses next to George T. Whitesides (R), CEO of Virgin Galactic Holdings after ringing the First Trade Bell to commemorate the company’s first day of trading on the New York Stock Exchange on October 28, 2019. Johannes Eisele | AFP | Getty Images Virgin Group founder Sir Richard
Many recovered Covid-19 patients are reporting a longer road to “full health” than expected and some appear to have relapsed, the World Health Organization said Monday. Researchers around the world are still trying to understand exactly how the coronavirus affects the human body. WHO officials say they are working with governments and hospitals around the
Richard Cordray, former director of the Consumer Financial Protection Bureau and author of “Watchdog: How Protecting Consumers Can Save Our Families, Our Economy, and Our Democracy” Congress provided borrowers a lifeline when it passed the CARES Act. Whether it will deliver significant relief to consumers remains to be seen. The $2.2 trillion coronavirus relief bill
An Under Armour store front is seen on November 04, 2019 in Sunrise, Florida. Joe Raedle | Getty Images Under Armour reported a sales decline of 23% during its first quarter, as its business took a blow from the coronavirus pandemic and its stores were forced shut, freezing its turnaround plans. The retailer said it plans to
Those still waiting on a coronavirus stimulus relief check are facing a major deadline if they want to receive their payments as soon as possible. If you haven’t received a direct deposit payment yet (or a paper check), and the IRS does not have your bank account information, you need to submit it via the
Jeremy Kennedy, a Ford employee, secures the engine and transmission to the subframe of a new 2020 Explorer at Chicago Assembly Plant. Ford Not even during the Great Recession and bankruptcies of General Motors and then-Chrysler did the automotive industry come to a standstill like it has during the coronavirus pandemic. U.S. automakers are losing
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