Why Being Profitable is a Business Strategy in Itself

[ad_1] Opinions expressed by Entrepreneur contributors are their own. Everybody speaks about a company’s culture. But there is an important quote from a professor at Stanford that I remember very clearly: “Being very profitable is a strategy in itself.” Profitability is a part of the strategic effort to be a hyper-growth, customer-centric and commercially-minded organization. … Read more

Reed Jobs, son of Steve Jobs, takes the wraps off a $200 million venture fund that will back new cancer treatments

[ad_1] Reed Jobs, the 31-year-old son of Steve Jobs and philanthropist Laurene Powell Jobs, has spent his career behind the scenes. But he’s “stepping into the spotlight,” with a new venture capital firm to invest in new cancer treatments, DealBook reported earlier this morning. Called Yosemite — after the national park where his parents were … Read more

Uber is now a profitable, cash-generating machine

[ad_1] If you look at the market’s reaction to Uber’s quarterly results out this morning, you might think the company performed poorly. The stock is down about 6%, most likely because the company missed the market’s expectations for quarterly revenue by about $100 million. However, despite the expectations gap, it was a good quarter for … Read more

BLACKPINK’s Rosé and BTS Jimin Star in New Tiffany & Co. Campaign – Billboard

[ad_1] The evolution of Tiffany & Co. continues. On Tuesday (Aug. 1), the iconic jewelry house announced the launch of its new Tiffany Lock campaign featuring four house ambassadors, including Rosé of BLACKPINK, Jimin of BTS, Academy Award nominee Florence Pugh and renowned Lebanese artist Nancy Ajram. Designed for all, the expanded collection introduces an … Read more

Ford resumes F-150 Lightning production as July price cuts drive up demand

[ad_1] Ford said it will triple production capacity of its all-electric F-150 Lightning pickup truck following a six-week shutdown to expand and retool its Rouge Electric Vehicle Center. With the factory facelift complete, Ford said it’s scheduled to build more than 70,000 F-150 Lightning trucks in 2023 with production for U.S. customers expected to ramp … Read more

SM Entertainment and Kakao Launch North America Division – Billboard

[ad_1] South Korean companies SM Entertainment and Kakao Entertainment have launched what they are calling a “local integrated corporation” in North American as part of previously hinted-at efforts to accelerate their joint stateside operations and build upon the successes of their K-pop artists in the world’s largest music market. The companies said on Tuesday (Aug. … Read more