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Rolex responds to the shortage of watches: scarcity is unman-made; quality is never sacrificed to speed up production
Rolex, which has always been famous for its mystery, recently broke its silence on a rare occasion, responding to media reports about a shortage of its luxury watches, saying that this scarcity was not man-made, and that the company would never sacrifice quality to speed up production to meet surging demand. “The scarcity of our products is not our strategy,” the company said. Our current production cannot fully meet current demand, at least without reducing the quality of our watches, and we refuse to do this because we never compromise on the quality of our products.” The statement also said, “Rolex will not compromise on what it takes to produce excellent watches
“Stock Goddess” Says Tesla Has Four Entry Thresholds
Ark Investments founder Cathy Wood said at an investment conference that Tesla created four entry barriers, which gave it an advantage in competition with other electric vehicle manufacturers. The first threshold, Wood said, is, “Cars made by Tesla use cylindrical batteries, while most other cars use lithium-ion soft-pack batteries. The latter is about 15%-20% more expensive. As a result, as far as we can see, its batteries will cost less.” The second entry threshold is the artificial intelligence chip designed by Tesla, which draws on Apple's experience using its own chips. Wood added, “Another barrier to entry
Sales exceeded before the pandemic, McDonald's restarted $15 billion in stock buybacks
US fast food giant McDonald's said on Thursday that it will restart its stock repurchase program and raise quarterly dividends as its business recovers from the impact of the pandemic. The company suspended its $15 billion share repurchase program last year to reserve cash to deal with the health crisis that forced many restaurants to close. But now that its global sales have surpassed pre-pandemic levels, the company raised its performance forecast for fiscal year 2021 in July, hoping that as the economy reopens, people will continue to eat out. McDonald's announced on Thursday that it will raise its quarterly dividend by 7% to $1.38 per share, meaning that the fourth-quarter dividend scale will exceed
The Gates Foundation is preparing to adjust its governance structure Melinda is likely to resign
The Bill & Melinda Gates Foundation said it plans to add more trustees to the board by early next year; furthermore, if Melinda Gates and Bill Gates think they can't work together, Melinda will resign from the board after two years. According to an announcement on Wednesday, Foundation CEO Mark Suzman and Operations and Legal Director Connie Collingsworth will take the lead in studying and formulating recommendations on the number of trustees and selection procedures. The new trustee will be announced in January 2022. The announcement says the soon-to-be-divorced Gates will also donate 15 to the foundation
South Korea's KOSPI Index hits a record high and is now up 0.3%
[Korea's KOSPI Index hits a record high] South Korea's KOSPI Index reached a record high and is now up 0.3% to 3271.01 points.
Bezos's ex-wife donated another 2.7 billion US dollars and has donated more than 8.5 billion dollars so far
MacKenzie Scott, the former wife of Amazon founder Jeff Bezos, announced on Tuesday local time that she has donated more than 2.7 billion US dollars to hundreds of groups this year. Scott wrote in a blog post that she has donated to 286 “high-impact organizations” that focus on a variety of causes, from the arts and racial justice to higher education and fighting domestic violence. This is Scott's first donation since her remarriage; she married Dan Jewitt, a Seattle science teacher, earlier this year. Scott wrote in his blog: “Dan and I, and a group of researchers, managers, and advisors — we
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