China's Hottest New Investment: Overpriced Sneakers
* Stories are summarized by an A.I.
* Companies mentioned: ADDYY, CEA, BABA, BA, and DIS
China's Hottest New Investment: Overpriced Sneakers
ADDYY (Adidas AG) | NDTV
Forget stocks, real estate, even cryptocurrencies -- China's hottest investment nowadays may be the Nike, Adidas, and Puma basketball shoes that "sneakerheads" like Hu Huaiyuan fight to get their hands on. "The sneaker market is no longer just a game for enthusiasts. "If I wasn't so lucky today, it's possible I wouldn't be able to afford the shoes on the secondary market," Hu said. Excessive speculation warning"If selling overpriced sneakers proves so worthwhile, why not take it as a good source of income?" "I'm really annoyed that I have to pay more for a normal pair of basketball shoes now," he said.
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Climate change: Airlines accused of 'putting profit before planet'
CEA (China Eastern Airlines Corporation Ltd.) | BBC
"Fuel tankering" sees planes filled with extra fuel, usually to avoid paying higher prices for refuelling at their destination airports. BA said it was common to carry extra fuel for "operational, safety and price reasons". BBC Panorama has discovered the airline's planes generated an extra 18,000 tonnes of carbon dioxide last year through fuel tankering. Critics say the widespread use of the practice undermines the aviation industry's claims that it is committed to reducing its carbon emissions. John Sauven, Greenpeace UK's executive director, told the BBC this was a "classic example of a company putting profit before planet".
Read More
Alibaba says Singles’ Day sales hit $13 billion in first hour
BABA (Alibaba Group Holding Limited) | The Japan Times
Chinese e-commerce giant Alibaba Group Holding Inc. said on Monday that sales for its annual Singles’ Day shopping blitz hit 91.2 billion yuan ($13 billion) within the first hour, up 32 percent from last year’s early haul of 69 billion yuan. Alibaba saw sales worth $30 billion on its platforms on Singles’ Day last year, dwarfing $7.9 billion U.S. online sales for Cyber Monday. The $486 billion Chinese retail juggernaut kicked off this year’s 24-hour shopping fest with performances by American pop star Taylor Swift and local celebrities like Jackson Yee. This is the first time Alibaba’s Singles’ Day does not have flamboyant co-founder Jack Ma at its helm, after he resigned in September as chairman. Alibaba continues to dominate the online shopping industry, but not without competition.
Read More
Boeing Seeks Blessing to Deliver 737 MAX as FAA Reviews Pilot Training
BA (Boeing Co) | The Wall Street Journal
Boeing Co. hopes to deliver 737 MAX aircraft to airlines before the end of the year even if regulators haven’t approved related pilot training, people familiar with the matter said. Under the plan, airlines still wouldn’t fly the plane with passengers until the training occurs. Last week, Boeing cleared a key hurdle following a series of certification simulator tests with the FAA, a person familiar with the process said. Since the spring, both FAA and Boeing officials sketched out a process that envisioned MAX deliveries resuming roughly simultaneously with completion of pilot-training efforts. As the end of the year approaches, Boeing is running low on parking spots for the 737 MAX as finished planes pile up at locations in the Puget Sound area.
Read More
Disneyland's Culinary Director: 'Plant-Based Is What Our Guests Are Looking For'
DIS (The Walt Disney Company) | Plant Based News
The amusement park's upcoming vegan options have been 'inspired' by guests' feedbackMore vegan options will be added to the park next year (Edit: Plant Based News)Iconic amusement park Disneyland is preparing to officially announce its new vegan menu items early next year, with Culinary Director John State saying: "Plant-based is what our guests are looking for." According to ABC 7, State, who describes himself as '90 percent vegetarian', and his team decided to expand Disneyland's plant-based offerings having listened to guests' feedback. 'Inspired by feedback'"We're inspired by their feedback, going back into the kitchen, working on creating, innovating and introducing new flavors that just happen to be plant-based," State said. "Plant-based is what our guests are looking for." Vegan optionsDisneyland currently offers a variety of plant-based dishes such as Mickey pretzels, gumbo penne pasta, and a sorbet dipped in dark chocolate.
Read More
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* Companies mentioned: ADDYY, CEA, BABA, BA, and DIS
China's Hottest New Investment: Overpriced Sneakers
ADDYY (Adidas AG) | NDTV
Forget stocks, real estate, even cryptocurrencies -- China's hottest investment nowadays may be the Nike, Adidas, and Puma basketball shoes that "sneakerheads" like Hu Huaiyuan fight to get their hands on. "The sneaker market is no longer just a game for enthusiasts. "If I wasn't so lucky today, it's possible I wouldn't be able to afford the shoes on the secondary market," Hu said. Excessive speculation warning"If selling overpriced sneakers proves so worthwhile, why not take it as a good source of income?" "I'm really annoyed that I have to pay more for a normal pair of basketball shoes now," he said.
Read More
Climate change: Airlines accused of 'putting profit before planet'
CEA (China Eastern Airlines Corporation Ltd.) | BBC
"Fuel tankering" sees planes filled with extra fuel, usually to avoid paying higher prices for refuelling at their destination airports. BA said it was common to carry extra fuel for "operational, safety and price reasons". BBC Panorama has discovered the airline's planes generated an extra 18,000 tonnes of carbon dioxide last year through fuel tankering. Critics say the widespread use of the practice undermines the aviation industry's claims that it is committed to reducing its carbon emissions. John Sauven, Greenpeace UK's executive director, told the BBC this was a "classic example of a company putting profit before planet".
Read More
Alibaba says Singles’ Day sales hit $13 billion in first hour
BABA (Alibaba Group Holding Limited) | The Japan Times
Chinese e-commerce giant Alibaba Group Holding Inc. said on Monday that sales for its annual Singles’ Day shopping blitz hit 91.2 billion yuan ($13 billion) within the first hour, up 32 percent from last year’s early haul of 69 billion yuan. Alibaba saw sales worth $30 billion on its platforms on Singles’ Day last year, dwarfing $7.9 billion U.S. online sales for Cyber Monday. The $486 billion Chinese retail juggernaut kicked off this year’s 24-hour shopping fest with performances by American pop star Taylor Swift and local celebrities like Jackson Yee. This is the first time Alibaba’s Singles’ Day does not have flamboyant co-founder Jack Ma at its helm, after he resigned in September as chairman. Alibaba continues to dominate the online shopping industry, but not without competition.
Read More
Boeing Seeks Blessing to Deliver 737 MAX as FAA Reviews Pilot Training
BA (Boeing Co) | The Wall Street Journal
Boeing Co. hopes to deliver 737 MAX aircraft to airlines before the end of the year even if regulators haven’t approved related pilot training, people familiar with the matter said. Under the plan, airlines still wouldn’t fly the plane with passengers until the training occurs. Last week, Boeing cleared a key hurdle following a series of certification simulator tests with the FAA, a person familiar with the process said. Since the spring, both FAA and Boeing officials sketched out a process that envisioned MAX deliveries resuming roughly simultaneously with completion of pilot-training efforts. As the end of the year approaches, Boeing is running low on parking spots for the 737 MAX as finished planes pile up at locations in the Puget Sound area.
Read More
Disneyland's Culinary Director: 'Plant-Based Is What Our Guests Are Looking For'
DIS (The Walt Disney Company) | Plant Based News
The amusement park's upcoming vegan options have been 'inspired' by guests' feedbackMore vegan options will be added to the park next year (Edit: Plant Based News)Iconic amusement park Disneyland is preparing to officially announce its new vegan menu items early next year, with Culinary Director John State saying: "Plant-based is what our guests are looking for." According to ABC 7, State, who describes himself as '90 percent vegetarian', and his team decided to expand Disneyland's plant-based offerings having listened to guests' feedback. 'Inspired by feedback'"We're inspired by their feedback, going back into the kitchen, working on creating, innovating and introducing new flavors that just happen to be plant-based," State said. "Plant-based is what our guests are looking for." Vegan optionsDisneyland currently offers a variety of plant-based dishes such as Mickey pretzels, gumbo penne pasta, and a sorbet dipped in dark chocolate.
Read More
Download Folo, add stock symbols to your watchlist, and get notified.
When you look up U.S or China stock symbols and add them to Watchlist, Folo, an A.I. based news curator will keep you updated with stock news from 270 sources.
Download on the App Store
http://folo.moya.ai
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