Shopping Centres Australasia Property Group has reported a 22 per cent slump in full-year net profit as specialty tenants fall behind paying rent, with coronavirus restrictions denting their sales.The shopping centre investment and management group posted a net profit for the year to June 30 of $85.5 million, mainly due to a COVID-19 earnings impact of $20.5 million and an investment property like-for-like valuation decrease of $87.9 million.
Chief executive Anthony Mellowes said convenience-ba…
Elon Musk at battery day: Tesla deliveries to rise 30% to 40% in 2020 – CNBC
“In 2019, we had 50% growth. And I think we’ll do really pretty well in 2020, probably somewhere between 30 to 40 percent growth, despite a lot of very difficul…
Tesla CEO Elon Musk said at the company’s 2020 annual shareholder meeting and battery day presentation that he expects vehicle deliveries to increase by 30 to 40 percent over last year, when the company reported deliveries of 367,500 vehicles. That implies deliveries of between 477,750 and 514,500 cars, a range that encompasses the 500,000 cars the company has previously said it would deliver this year.
Musk said, after thanking Tesla owners for their word-of-mouth marketing:
“In 2019, we had…
Costco removes popular cheese after Black Lives Matter controversy – Fox News
Palmetto Cheese faced calls for a boycott following the controversial Facebook post.
Costco has stopped carrying products from a pimento cheese brand owned by a South Carolina mayor who called the Black Lives Matter and Antifa movements “terror organizations.”
Brian Henry, the mayor of Pawleys Island and owner of Palmetto Cheese, told the Georgetown Times that the company’s products were being pulled “as a matter of normal business” and that the wholesale retailer rotates items in and out regularly.
“We remain optimistic that Palmetto Cheese will be back on the shelves in the …
Amazon takes aim at Peloton with $499 Prime Bike – CNET
Echelon worked with Amazon to create an exercise bike that significantly undercuts Peloton’s prices.
Amazon’s new Prime Bike.
Do you long to get a Peloton, but can’t stomach the cost? If you’re willing to give up some smart features and a big screen, Amazon’s new $500 Prime Bike might be your answer. That price is really enticing, given that the Peloton’s Bike is currently $1,895 and the Bike Plus is $2,495. Even most Peloton alternatives are still around $1,000 and up. However, don’t expect the same level of features on this bike that you would get with a Peloton.
Amazon partnered w…
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