What we’re reading (4/27)
“Tesla Makes Money (Including From Selling Cars)” (DealBook). “The electric carmaker posted record quarterly earnings yesterday, beating Wall Street forecasts. But a closer look shows that its core business — you know, making vehicles — wasn’t the only story, and that might be why the company’s stock fell in aftermarket trading.”
“Joe Biden To Issue Executive Order Implementing $15-An-Hour Minimum Wage For Federal Contractors” (Business Insider). “The order would increase the hourly minimum wage for workers on federal contracts no later than March 30, 2022, almost a year from now. Officials in the Biden administration estimate the measure will benefit hundreds of thousands of government contractors and argue it will not raise the financial burden on taxpayers.”
“Toyota Snaps Up Lyft's Self-Driving Cars Unit For $550 Million” (CNN Business). “Toyota is hitting the gas to achieve its self-driving goals by buying Lyft's autonomous vehicle business for over half a billion dollars. The two players announced the $550 million acquisition on Tuesday, saying that it would allow them to create a ‘dream team’ of about 1,200 researchers and engineers around the world.”
“Crocs Shares Soar As Shoe Maker Raises 2021 Sales Outlook, Sees Growth Of 40% To 50%” (CNBC). “Crocs shares shot up more than 8% Tuesday after the shoe maker increased its revenue outlook for the full year and reported record first-quarter sales. CEO Andrew Rees said demand for the Crocs brand is “stronger than ever” across the world. Some have called Crocs the “it” shoe of the pandemic, as the clog became a closet staple for consumers seeking comfort at home.”
“Lakeside Idaho City Is America’s Hottest Housing Market In New WSJ/Realtor.com Index” (Wall Street Journal). “Buyers from other Western states are moving to northern Idaho in droves, seeking a more rural and less expensive place to live, said Kristen Johnson, a real-estate agent at Century 21 Beutler & Associates in Coeur d’Alene. Workers able to work remotely are also choosing to relocate, she said.”
