That data looks good on you... For the 1st time in 4 years, H&M is on track to increase profits — all because of data. The fast fashion icon used to stock the same cookie-cutter styles of clothing in all its 5K stores globally. But Parisians don't shop the same as New Yorkers, so H&M ended up stuck with mountains of unsold clothes it had to discount, recycle, or burn. Now it's using social media, search queries, and other data to make store-by-store clothing choices. And hopefully not folllow Fast Fashion fellow Forever 21's fate (bankruptcy).
The $420 high wasn't only a dream for Elon... Tesla stock soared 12% higher last week to a record $406, more than double where the stock was in June. Investors are gaga for the new gigafactory to start creating Teslas in China, which is strategically important for 2 huge reasons: China is the biggest market for electric cars (by far) and producing there could help it avoid the tariff war. Lower costs there could also help Tesla cut the price of its Model 3 in China by 20%, which could help it achieve mainstream status.