After Elon Musk touts Tesla solar on Twitter, Walmart sues the electric vehicle and clean energy company over store rooftop panels that ignited.Technologyread more
The bond market has entered a financial twilight zone, and at this point, there doesn't seem to be a smooth way out.Market Insiderread more
Trump said he has "been thinking about payroll taxes for a long time" — and he cautioned that "whether or not we do something now, it's not being done because of recession."Politicsread more
Secretary of State Mike Pompeo privately told business executives and free traders that the trade war could end by the 2020 election and that hurdles to an immediate agreement...2020 Electionsread more
Market bull Jeff Saut told CNBC on Tuesday that the lows are in and the market is headed "much higher."Marketsread more
Home Depot CFO Carol Tome says "consumer confidence is near record high levels" but "consumer demand could be impacted" by lingering U.S.-China trade tensions.Mad Money with Jim Cramerread more
The company's stock seesawed after the markets closed Tuesday, initially swinging up by 4% before falling by about 2%.Retailread more
President Donald Trump believes he has quite the bargaining chip with the European Union.Marketsread more
The United States does not have a defense against hypersonic weapons, which can travel at least five times the speed of sound, or a little more than a mile per second....Defenseread more
See which stocks are posting big moves after the bell.Market Insiderread more
The Federal Reserve has lost control of interest rates as evidenced by the federal funds rate trading higher than any part of the U.S. Treasury yield curve, Jeffrey Gundlach,...Marketsread more
Brian Lim isn't your typical "glover."
What is "gloving," exactly? Entrepreneur Lim didn't know either, until his then girlfriend and now fiancee got him into the trend in 2010. Gloving is a form of dancing typically showcased at raves or large parties or festivals, and electronic dance music events. Dancers face off wearing gloves that have lights on the gloves' fingertips.
Lim, now 27, has the glove dance moves down, plus a multimillion-dollar business, that's only growing. EmazingLights, based in Anaheim, California, makes gloves with LED lights.
"Gloving is very popular because of the dance floor behind it. Kids are practicing every day for hours upon hours," said Lim.
Inc. magazine recently named Lim and EmazingLights to its Inc. 500 list this year, at No. 189. The annual list ranks the fastest-growing private companies in the U.S., with winners being celebrated at Inc.'s conference in Phoenix, Arizona, this week.
Lim casually demonstrates his gloving style, a passion that's turned into a big start-up.
Lim bootstrapped his now 43-employee business, with $100 to make the first prototype glove. Since then, total gross revenues from EmazingLights, focused on gloves, and iHeartRaves, devoted to festival fashion, have exceeded $16.5 million. Lim said the company is growing 20 percent to 30 percent year-over-year and forecasts $8 million in sales for 2014. For 2015, he projects $12 million in sales. They also have five U.S. retail stores.
Gloves range in price from $20 to $120 a pair, and have been featured on MTV's "America's Best Dance Crew" and Disney Channel's "Shake It Up."
The glover-turned-entrepreneur estimates the gloving scene alone has about 150,000 members internationally, based on his orders and social media presence. The gloves also have taken off among general revelers, and those looking for unique costumes. Lim says he wants EmazingLights gear to be the equivalent of Nike for the electronic dance music scene.
"I'm very lucky that gloving has had a lot of passionate people in it, so it wasn't hard to find passionate people to work with," he said. "We grew from nothing, so we all learned together, doing 80 to 100 hours a week. And we just kept slowly growing until we are at this point today."
Kind of like a big, powerful rave.