Jake Burton is taking his snowboards to China. If things break right for him, maybe the Winter Olympics will end up there, too.
Unwilling to bow to the narrative that business must be suffering as snowboarding’s growth flattens, the man who brought the sport to the masses has opened five dozen stores in a country with only around 50,000 riders but an overall population of 1.35 billion.
”It’s a huge … More
Stoked News
In the wake of Tesla’s big fourth-quarter earnings and sales miss, auto analyst Adam Jonas says now is the perfect time to jump in.
The car business is my life. I buy cars, sell cars, finance cars and write about the whole process.
That guy in high school who used to sit in the back of class and read car magazines all day? I was that guy, and I still am.
But I’m not blind to the industry’s problems. As a former financial analyst, I knew General Motors was heading for trouble in 2007 and 2008, even when the company was pronouncing itself healthy. To supplement my income, I shorted 1,000 shares of GM stock … More
Stoked News
The Swiss arm of HSBC was one of the most private banking institutions in the world until systems engineer Hervé Falciani leaked data related to over 100,000 suspected tax evaders from his employer. Motorsports stars Valentino Rossi, Flavio Briatore, Fernando Alonso and Heikki Kovalainen were on the list of hacked accounts.
According to Bloomberg, HSBC is one of the Swiss banking institutions facing criminal prosecution for allowing clients to deposit cash without revealing their identities. This makes laundering money, hiding ill-begotten cash or evading taxes a lot easier … More
Stoked News
Rich Harbour still has his first business license – purchased for $15 from the city of Seal Beach on June 30, 1962.
He was so young, he had to put his dad’s name on it.
Up the road, at about the same time, the owners of Katin Surf Shop were known for making canvas boat covers. But after a hot-doggin’ surfer walked into the shop to ask for a new kind of surf short, Katin became the go-to place for what we know today as board shorts. (The seamstress who makes the shorts – who has worked there since 1961 – is 86 years old and has no plans to retire.) … More
Stoked News