In One of the more unsavvy political moves we’ve ever seen, Democratic presidential hopeful Michael Bloomberg’s company, Bloomberg LP sent a memo sent to employees on Tuesday afternoon, ahead of Bloomberg’s second debate appearance, describing its “zero tolerance” policy for harassment, while announcing a new mandatory program to prevent harassment. This is after Bloomberg took a terrible beating in his last debate over non-disclosure agreements relating to sexual harassment and office harassment at his company. “I want to underscore our long-standing commitment at Bloomberg LP to creating a culture that makes all employees feel safe, supported and empowered to thrive in their careers,” Ken Cooper, head of human resources, wrote in the memo, which was obtained by CNBC. “Today, I want to highlight an important step that we’re taking to ensure we have best-in-class workplace policies and procedures.” Today, he said. Today doesn’t matter in politics and Unless he learns quick, Mike Bloomberg will not be savvy enough to take on president Donald Trump and win. 

Tesla and Panasonic Stop Producing Solar in Buffalo

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The Nikkei Asian Review is reporting that Tesla Inc (NASDAQ:TSLA) and Panasonic is going to stop producing solar cells at their Gigafactory 2 in Buffalo NY. Tesla’s energy division has been laying off people since 2018 comma and the revenue declined by about $24,000,000 last year. Tesla and Panasonic formed a joint venture to manufacture solar cells there four years ago and as part of their deal, Panasonic committed to paying for part of the equipment at the plant. While Panasonic-made solar cells were going to be used primarily by Tesla to make its own solar panels, Tesla’s current Solar Roof product uses cells made in China instead. According to Nikkei, Panasonic has been selling cells it made at the Buffalo plant to other clients, So it’s understandable that they want to pull back from the deal. as Tesla moves more and more into China, you could see a scenario where Panasonic pulls back from the relationship and they are still the main supplier. Tesla Meanwhile, has been moving into relationships with battery manufacturers in China and South Korea. Given the coronavirus, that may turn out to be a poor source of the battery cells they need for their battery packs. Keep an eye on that news as you’re watching Tesla stock  

Startup HeadSpin is now worth $1.16 Billion 

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When you stream YouTube clips on an airplane or watch videos in the back of a car, technology from a company called HeadSpin Is what keeps the content from that annoying freezing or that spinning wheel delay. Everybody knows TikTok  and YouTube, but no one’s ever heard of Headspin. The company announced on Tuesday it had raised $60 million more in funding which more than doubled HeadSpin’s valuation to $1.16 billion. Founded in 2015 by Manish Lachwani and Brien Colwell, HeadSpin got its start when Yahoo cofounder Jerry Yang introduced Lachwani, who had sold a mobile cloud business to Google the year before, to Colwell The duo raised their first funding before even naming the company. The story goes that Lachwani’s daughter Anya inspired the name HeadSpin when she complained to her dad about YouTube failing to load onto her tablet at an airport. They work in an area called experience management, and if they ever go public, we will let you know and will be keeping an eye on it. This is the kind of company that can really grow because they don’t rely on consumers with no attention span, they help the companies producing content that you and I watch, deliver it better 

It’s Still Apple

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Apple Inc’s (NASDAQ: AAPL) displays have always been top of the line, but the company just released details about its next generation products, and the fact is that Apple still leads the pack in terms of perception and often times in terms of technology. It’s new displays and high end machines, are out of most people’s reach price-wise,  But if you read about the products from a technology standpoint, talk to users of the products and just look at the beauty of how they look on a desk or in a store or in an office…you know that it still Apple that moves people who use these machines. They have no competition in this space. You know that once the coronavirus has subsided, (Apple just re-open 30 of the 42 stores they closed in China due to the COVID-19 coronavirus) regardless of the effect on China Apple will recover and become one of most valuable companies in the world again. Apple is still on our permanent buy and hold list. 

Sanders Taking Punches 

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Bernie Sanders took punches from all over the room during Tuesday night’s Democratic debate. That’s what happens when you call yourself a democratic “socialist” who’s now running in the pole position. He did his best to dodge multiple claims that his plans were basically a recipe for financial disaster (one of the candidates called it “catastrophic,”) and that a Bernie nomination means a loss in November. Saturday’s primary in South Carolina is next and then of course, Super Tuesday next week, so everyone was trying to score as many points as possible. Establishment Dems are definitely worried that Sanders, who has already won several states, could soon be unstoppable. Right off the bat in the debate Sanders downplayed historic-low unemployment numbers by arguing that the economy was only going well for “people like” former New York Mayor Mike Bloomberg — prompting Bloomberg to quickly bring up recent unverified reports that Russia is working to help Sanders’ campaign. “I think that Donald Trump thinks it would be better if he’s president — I do not think so,” Bloomberg said. “Vladimir Putin thinks that Donald Trump should be president of the United States. And that’s why Russia is helping you get elected, so you’ll lose to him.” Mike is terrible at this, but that was a good shot. Good luck, cause crazy Bernie is killing it.