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[ad_1] The post Loop Industries Stock Jumps 30% on SK Global Chemical Investment appeared first on Millennial Money. Shares of Loop Industries (NASDAQ: LOOP) have jumped on Wednesday following news that SK global chemical is taking a 10% stake in the small cap plastic and polyester materials company. SK global chemical is part of South Korea’s SK Group, a massive conglomerate that operates across a plethora of industries from telecommunications to semiconductors to petroleum, among others. Loop shares have jumped as much as 32% today. As of 11:45 p.m. EDT, the stock had given back some of those gains but was still up 22%. What investors need to know about SK global’s investment SK global chemical has agreed to purchase 4.7 newly issued Loop shares at $12 per share, translating into a total equity investment of approximately $56.5 million. SK global chemical will also get a seat on Loop’s board of directors to help provide input regarding strategic direction and Loop’s global commercialization strategy, the companies said. As part of the strategic partnership, Loop has also granted SK global chemical options to purchase roughly 461,000 more shares at a price of $11 per share within the next year, 4.7 million shares at $15 per share within the next three years, and yet another 2.4 million shares at $20 per share once the company constructs its first Asian manufacturing facility. The cash will be used to help fund the construction of a new manufacturing facility at a site that Loop recently acquired in Quebec. “SK global chemical is an ideal strategic partner to accelerate the growth of our company and the global commercialization of our technology,” Loop CEO Daniel Solomita said in a statement. “Its scale and sophistication, its global chemicals manufacturing footprint and a shared vision to create value through sustainability and innovation make them a valued partner in our journey to bring our technology to market.” Forming a joint venture The two companies plan to form a joint venture (JV) that includes exclusivity provisions. The JV will construct a sustainable polyethylene terephthalate (PET) plastic and polyester fiber factories throughout Asia. SK global chemical will hold a majority 51% stake in the JV, with Loop owning the remaining 49%.  Loop’s proprietary materials technology, which helps break down PET plastic and polyester fibers that have historically been unrecyclable, is patented. Accordingly, Loop will receive recurring annual royalty fees based on a percentage of revenue generated from each facility. The first facility is scheduled to be opened in South Korea in the first half of 2022, with another three facilities built by 2030. The companies estimate that the factories will be able to consume up to 400,000 tons of PET plastic and polyester fiber waste, which should reduce carbon dioxide emissions by approximately 632,000 metric tons once all four plants are fully operational. That’s roughly equivalent to the emissions of burning 270 liters of gasoline. Pick Like A Pro Where to invest $500 right now Lots of new investors take chances on long shots instead of buying shares of great companies. I prefer businesses like Amazon, Netflix, and Apple — they’re all on my best stocks for beginners list. There’s a company that “called” these businesses long before they hit it big. They first recommended Netflix in 2004 at $1.85 per share, Amazon in 2002 at $15.31 per share, and Apple back in the iPod Shuffle era at $4.97 per share. Take a look where they are now. That company: The Motley Fool. For people ready to make investing part of their strategy for financial freedom, take a look at The Motley Fool’s flagship investing service, Stock Advisor. They just announced their top 10 “best buys now” across the entire stock market. Whether you’re starting with $100, $500, or more, you should check out the full details. Email Address Continue Also opt-in to receive Millennial Money! It’s our newsletter devoted to helping you achieve financial freedom. That means you’ll receive new stock ideas, our favorite side hustles, and much more every single week! By submitting your email address, you consent to us keeping you informed about updates to our website and about other products and services that we think might interest you. You can unsubscribe at any time. Please read our Privacy Statement and Terms & Conditions. Click here to learn more .tmfsa-text-widget .ecap-widget { padding: 0 !important; border-left: 0 !important; } The post Loop Industries Stock Jumps 30% on SK Global Chemical Investment appeared first on Millennial Money. [ad_2] Source link

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transform: scale3d(.9, .9, .9) rotate3d(0, 0, 1, -3deg) } 30%, 50%, 70%, 90% { -webkit-transform: scale3d(1.1, 1.1, 1.1) rotate3d(0, 0, 1, 3deg); transform: scale3d(1.1, 1.1, 1.1) rotate3d(0, 0, 1, 3deg) } 40%, 60%, 80% { -webkit-transform: scale3d(1.1, 1.1, 1.1) rotate3d(0, 0, 1, -3deg); transform: scale3d(1.1, 1.1, 1.1) rotate3d(0, 0, 1, -3deg) } to { -webkit-transform: scale3d(1, 1, 1); transform: scale3d(1, 1, 1) } } Home <!– Top Cities –> Top Neighbourhoods Peel region Calgary region City of Edmonton Halifax HRM Durham region City of Toronto Halton region Metro Vancouver York neighbourhoods City of Vancouver Simcoe Langley, Pitt Meadows, Maple Ridge Squamish and Whistler City of Burnaby, New Westminster and Richmond Delta and Surrey Tri-Cities North Shore $(function () { $(“.WB18__nav–toggler”).click(function () { $(“.WB18__nav–citylist”).slideToggle() }) }); table.city-ranking { font-family: proxima-nova, Helvetica, Arial, sans-serif } table.city-ranking tr td { font-size: .9em } table.city-ranking tr>td:nth-of-type(9), table.city-ranking tr>td:nth-of-type(10), table.city-ranking tr>td:nth-of-type(11) { color: orange } table.city-ranking tr>td:nth-of-type(1), table.city-ranking tr>td:nth-of-type(3) { text-transform: capitalize } .footable-details td, .footable-details th, table.city-ranking tr>td:last-of-type table.footable-details td:last-of-type { color: #333 } table.city-ranking th.bar { width: 100px } table.city-ranking span.bar { display: inline-block; 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/* 100% of main content column */ overflow-x: scroll; } .ms-footable-wrapper-2021::before { content: ‘SCROLL FOR MORE →’; position: relative; top: 5em; color: #91c1c5; z-index: 100; left: 1em; font-weight: bold; } ClickTap column headings to re-rank cities. ClickTap on any city name to learn more about it. Search by city or province to filter results. Scroll to see the full table. Sub division Postal FSA Neighbourhood name Overall rank Avg price 2020 1-year growth 3-year growth 5-year growth Value score (out of 5 stars) Neighbourhood economics score (out of 5 stars) Neighbourhood accessibility score (out of 5 stars) % Households with Children delta V4E sunshine hills 1 $1,065,567 3.0% 4.9% 52.2% 3.4 5.0 3.8 55% delta V4M tsawwassen central 2 $944,117 3.8% -1.4% 34.6% 3.4 4.6 0.0 42% surrey V4N clayton 3 $945,975 5.9% 18.5% 83.5% 4.1 3.4 0.9 53% surrey V4A sunnyside 4 $924,167 0.4% -2.8% 44.4% 3.3 4.2 4.0 37% surrey V4A south surrey – whiterock 5 $949,767 0.9% -1.7%

[ad_1] The post Best Places That Hire at 15 (+ Side Hustles to Earn Even More) appeared first on Millennial Money. At some point or another, just about every teenager hears the words “get a job, kid.”  Your first job is a rite of passage. It’s your entry into the working world and it gives you a taste of adulthood. Just think of the excitement of earning your first paycheck and beginning your lifelong financial journey. It’s a reason to get pumped, and an experience that can pay dividends down the road. The good news is that many places hire teens and don’t require any experience to start out. So don’t worry about not having a resume yet. All you need are a few solid recommendations and a desire to make money, and you’ll be on your way.  But first, are 15-year-olds allowed to work? Under the Fair Labor Standards Act, 14 is the minimum age for hiring in non-agricultural positions. The Fair Labor Standards Act also restricts the number of hours minors are allowed to work and the types of jobs they can legally perform. For example, employers can’t ask 14- or 15-year-olds to work during school hours.  It’s a good idea to check individual state labor laws for their minimum age requirement, restrictions, and processes for allowing minors to work. For example, you may need a work permit when you’re a teenager. What’s more, many leading national brands have minimum age requirements but defer to local franchise owners on the hiring process and policies. So even though a national brand may officially require a teenage worker to be 16, a local franchise owner may employ 14-year-olds.  Top employers that hire 15-year-olds  Here are some of the top employment opportunities for 15-year-olds. Ice cream chains Fast food restaurants Grocery stores Movie theaters Amusement parks 1. Ice cream chains If you’re a teen, chances are you’ve worked in an ice cream parlor at some point or another. It can be a fun summer job, and you don’t need a ton of experience to qualify. Working in an ice cream stand requires the ability to work with money, and the patience for dealing with kids and families. Of course, it helps if you also love ice cream enough to make recommendations to customers (and what kind of lunatic doesn’t love ice cream?). The more enthusiastic you are about different flavors and providing customer service, the more tips you’ll earn.  Consider approaching a local ice cream stand for employment, or look to any one of the following brands.  Baskin Robbins Baskin Robbins is a multinational ice cream provider founded in 1945 with 3,000 locations. The company hires young workers to help serve ice cream and work the cash register.  Dairy Queen Dairy Queen is another leading ice cream producer with over 4,000 locations across the United States. The company is known for hiring 15-year-olds.  Brusters Brusters typically operates in states east of the Mississippi River, with its headquarters in Pennsylvania.  Culver’s  Culver’s is a midwestern chain known for frozen custard and burgers.  2. Fast food restaurants Working in a fast food restaurant is a bit different from working in an ice cream stand, as the kitchens are greasier and typically more dangerous.  The pace is also faster than your average ice cream stand, as customers expect immediate service. But it’s still a job, and many people start out their careers working for these establishments.  Here are some of the top fast food joints that hire 15-year-olds.  Chick-fil-A Chick-fil-A is an American fast-food chain specializing in chicken sandwiches. The company hires young workers starting at age 14. McDonald’s  Even after all these years, the Big Mac is still on top of the burger world. McDonald’s typically starts hiring at age 14, but this can vary by location. Boston Market  Boston Market is known for its rotisserie chickens and mashed potatoes, and 15-year-olds should have no problem finding work there (so long as the branch is hiring).  Burger King Who can deny the power of the Whopper? If you need a job at 15, Burger King is one restaurant chain that most likely has your back. Taco Bell From tacos to burritos, Taco Bell has it all. Look into Taco Bell if you need a job at 15 and you love tacos. (And as with ice cream… who doesn’t love tacos?) 3. Grocery stores If bagging groceries or slicing deli meat is more your style than working as a fry cook in food service, then direct your job search toward working in your local grocery store or a national supermarket chain. The nice thing about working in a grocery store is that they almost always close by 11 p.m. So a high school student won’t have to worry about working late at night or early in the morning like you would at some fast food restaurants.  Here are some national brands to consider.  Kroger  Kroger hires 14- and 15-year-olds as baggers and shelf stockers.  Publix Publix hires team members as young as 14. What’s nice about Publix is that younger teens can find work as a cashier or even a clerk at this age. Giant Eagle The Giant Eagle store is known for hiring 14- and 15-year-olds and giving them jobs as bakery clerks and shopping cart attendants. Pushing carts isn’t the most glamorous position, but it’s still a paycheck and decent exercise. Winn-Dixie If you want to work as a bagger, head over to Winn-Dixie. This store considers hiring 15-year-olds to work as baggers, so you’ll likely find a welcome reception. Safeway Safeway is another leading grocer that hires younger teens to work as baggers. 4. Movie theaters  It might not be as glamorous as being in the movies, but working at your local movie theater can be a great job for young workers. Some theaters only hire 16-year-olds. However, the large national chain AMC will employ a teen as young as 14. If this line of work interests you, don’t hesitate

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transform: scale3d(.9, .9, .9) rotate3d(0, 0, 1, -3deg) } 30%, 50%, 70%, 90% { -webkit-transform: scale3d(1.1, 1.1, 1.1) rotate3d(0, 0, 1, 3deg); transform: scale3d(1.1, 1.1, 1.1) rotate3d(0, 0, 1, 3deg) } 40%, 60%, 80% { -webkit-transform: scale3d(1.1, 1.1, 1.1) rotate3d(0, 0, 1, -3deg); transform: scale3d(1.1, 1.1, 1.1) rotate3d(0, 0, 1, -3deg) } to { -webkit-transform: scale3d(1, 1, 1); transform: scale3d(1, 1, 1) } } Home <!– Top Cities –> Top Neighbourhoods Peel region Calgary region City of Edmonton Halifax HRM Durham region City of Toronto Halton region Metro Vancouver York neighbourhoods City of Vancouver Simcoe Langley, Pitt Meadows, Maple Ridge Squamish and Whistler City of Burnaby, New Westminster and Richmond Delta and Surrey Tri-Cities North Shore $(function () { $(“.WB18__nav–toggler”).click(function () { $(“.WB18__nav–citylist”).slideToggle() }) }); table.city-ranking { font-family: proxima-nova, Helvetica, Arial, sans-serif } table.city-ranking tr td { font-size: .9em } table.city-ranking tr>td:nth-of-type(9), table.city-ranking tr>td:nth-of-type(10), table.city-ranking tr>td:nth-of-type(11) { color: orange } table.city-ranking tr>td:nth-of-type(1), table.city-ranking tr>td:nth-of-type(3) { text-transform: capitalize } .footable-details td, .footable-details th, table.city-ranking tr>td:last-of-type table.footable-details td:last-of-type { color: #333 } table.city-ranking th.bar { width: 100px } table.city-ranking span.bar { display: inline-block; position: relative; z-index: 10; height: 2rem; width: 100% } span.bar>span.bar-inner { display: block; height: 2rem; z-index: 11; font-size: 1rem; line-height: 2rem; padding-left: .5rem; color: #fff; font-weight: 900 } span.bar.value { background-color: #afeeee } span.bar.momentum { background-color: salmon } span.bar.value>span.bar-inner { background-color: #1e90ff } span.bar.momentum>span.bar-inner { background-color: #dc143c } .WB18__legend { margin: 1em 0; padding: 1em 1em 6px; font-size: 1.4rem; border: solid 1px #ddd; font-family: proxima-nova, Helvetica, Arial, sans-serif } .WB18__legend dt { font-weight: bold; } .WB18__legend p.WB18__legend–explanatory { font-size: 1.4rem } .WB18__legend .hide-on-mobile { display: none } .WB18__legend .hide-on-desktop { display: inline } @media (min-width:768px) { .WB18__legend .hide-on-mobile { display: inline } .WB18__legend .hide-on-desktop { display: none } } table.footable-details tbody tr th { padding: 9px 10px } /* constrain the size of the table and have it scroll horizontally */ .ms-footable-wrapper-2021 { max-width: 100%; /* 100% of main content column */ overflow-x: scroll; } .ms-footable-wrapper-2021::before { content: ‘SCROLL FOR MORE →’; position: relative; top: 5em; color: #91c1c5; z-index: 100; left: 1em; font-weight: bold; } ClickTap column headings to re-rank cities. ClickTap on any city name to learn more about it. Search by city or province to filter results. Scroll to see the full table. Sub division Postal FSA Neighbourhood name Overall rank Avg price 2020 1-year growth 3-year growth 5-year growth Value score (out of 5 stars) Neighbourhood economics score (out of 5 stars) Neighbourhood accessibility score (out of 5 stars) % Households with Children coquitlam V3E north coquitlam 1 $512,050 3.3% 15.7% 78.3% 5.0 5.0 1.0 60% coquitlam V3E eagle ridge 2 $739,675 6.3% 9.7% 61.5% 4.2 5.0 1.0 60% port moody V3H college park 3 $738,575 3.5% 14.4% 59.1% 3.8 4.8 0.7 47% port moody V3H moody centre 4 $732,533 3.4% 12.4% 67.7% 3.8 4.8 0.7 47% port moody V3H north shore port