Author: prosperplanetpulse.com

Electric marine specialists Vita and Evoy have announced plans to combine their businesses to “strengthen our leading position in the high-power segment.” The two companies will combine their extensive experience in all-electric propulsion and powertrain technologies for the marine sector. Electrification is only just beginning to take hold in the marine mobility sector, so we’ve only scratched the surface here. But the pace of the transition is certainly encouraging. While not all marine OEMs are going electric, companies like Vita and Evoy are helping bring an exciting new level of sustainability to maritime travel. Vita may sound familiar, as we’ve…

Mark Zuckerberg, billionaire founder and CEO of Facebook parent company Meta, has gifted himself a $300 million superyacht named “Launchpad” as his net worth approaches $200 billion. (Dutch Yachting) Elon Musk has mocked fellow tech billionaire Mark Zuckerberg for celebrating America’s birthday with a patriotic wakesurf. On July 4, Musk joined a video of a tuxedoed Zuckerberg surfing the wake of a ship, holding an American flag and drinking from a can, delivering a short but pointed comment: “I wish he’d keep having fun on his yacht. I prefer work.” Meta founder Mark Zuckerberg celebrated Independence Day with a video…

Here are some fast-growing startups that are garnering investor interest In recent years, the Middle East and North Africa (MENA) region has emerged as a hotbed of foodtech innovation, driven by a unique combination of challenges and opportunities. From the arid deserts of Saudi Arabia to the bustling cities of the United Arab Emirates, foodtech startups are seizing market opportunities and attracting venture capital interest. This transformation will not only address food security issues in the region, but also pave the way for sustainable and efficient food systems. In 2023, the global food technology market was valued at $184.3 billion,…

Stocks were mostly higher on Friday afternoon, with the S&P 500 and Nasdaq rising to new levels and the Dow Jones Industrial Average lagging. Netflix (NFLX) soared to new highs on the stock market today. ↑ X Now Playing Major banks start earnings season next week The Dow Jones Industrial Average recovered to trade nearly flat on Friday afternoon after a drop the previous day, but the S&P 500 rose 0.4% and the Nasdaq added 0.8%, both hitting intraday highs, while the small-cap Russell 2000 lagged, losing 0.6%. Meanwhile, the Innovator IBD 50 (FFTY) exchange-traded fund rose 0.4%, holding support…

Home equity may or may not be a good way to obtain investment capital. Getty Images A home is a big investment and for many homeowners, their largest asset. But if you’re trying to reach the financial goals you’ve set for your future financial security, you may need to free up cash to make other types of investments. While it makes sense to set aside some money in your budget to invest, there may be other options. For example: Housing Equity Might be worth investing in Housing loan or Home Equity Line of Credit (HELOC)These equity tapping options allow: Borrow…

Opinions expressed by Entrepreneur contributors are their own. We all look forward to sunny summer days and a dip in the pool, but the inevitable drop in sales between June and August can be stressful for business owners.According to a 2023 survey, two-thirds of B2B companies experienced a sales slump over the summer, with about 75% of affected companies reporting a sales drop of more than 20%. Additionally, one in five companies reported a drop of more than 40%.If you’re in an industry that expects a summer sales slump, here’s how you can tackle the problem head-on and come out…

But he wasn’t ready to give up on his White House dream just yet. After Sen. John Kerry lost the presidential election to George W. Bush in 2004, Jill knew he was thinking about running again, Biden writes. “But we never really talked about it.” Then, around Christmas time that year, Jill brought it up, and they had a family meeting while all the kids were playing.The night before the meeting, Biden had trouble sleeping, pacing around the house, anticipating what his family would say the next morning: “Remember how they treated you in 1987? Why incur more pain and…

The gravity-defying jobs market has finally returned to reality.Employers added 206,000 jobs in June, reflecting a gradual cooling in the labor market in the first half of 2024 and the latest sign that the U.S. economy is slowing after four years of rapid growth.Meanwhile, the unemployment rate rose slightly to 4.1%, the highest level in a year and a half, the Bureau of Labor Statistics said on Friday. The unemployment rate for women and black workers rose slightly in June, while the jobless rate for Asian workers rose even more.Rising unemployment has been expected for some time, because workers are…

UKG, a historic, privately held software company based in Weston, plans to lay off 14% of its estimated 15,000 employees, or about 2,200 people, its chief executive told employees on the eve of the Fourth of July.”We are announcing several organizational changes that will allow us the flexibility to aggressively focus on key areas of growth and aggressively invest in important new areas,” Chief Executive Officer Chris Todd said in an email early Wednesday. “These changes mean we have made the difficult decision to say goodbye to approximately 14% of our colleagues. Our number one priority in these changes is…

Earlier this year, around the time a prosecutor called President Biden a “well-intentioned old man with a bad memory,” Vice President Kamala Harris already knew something had to change.She told allies that it was up to her to finally rise to prominence in a job she had toiled away in for more than two years and reassure American voters that the Biden-Harris combination remained a safe bet. One adviser said she had felt alienated early in the campaign and had wanted a bigger role.She broke out of her Washington bubble and embarked on an ambitious travel schedule, making more than…