Posts by Bernice Napach
- Daily Ticker1 day ago
If the future success of the Affordable Care Act (aka Obamacare) rests largely with the number of young people who sign up--and there's little doubt that it does--then there may finally be some good news for the new health insurance program.
"The Affordable Care Act is growing on them," even as more people have become more negative about Obamacare, according to thelatest Bankrate.com health insurance survey released Tuesday.
Bankrate.com, a consumer financial website, also found that among all the groups it surveys regularly about Obamacare, 18- to 29-years-olds "were the most likely to say that their health insurance situation is improving" as well as their ability to pay for medical expenses.
- Bernice Napach at Daily Ticker3 days ago
The Nasdaq (^IXIC) topped 4,000 last week for the first time in 13 years and has continued to hit new record highs. But should investors be worried? Not yet, says Barry Ritholtz, chief investment officer of Ritholtz Wealth Management and creator of The Big Pictureblog. The Nasdaq today is a lot different than the Nasdaq during the tech bubble, he says.
"The composition of the Nasdaq has actually changed," Ritholtz explains in the video above. "It used to be very tech heavy. Now it’s probably about a fifth less tech heavy than it was."
Matt Krantzof USA Today writes that technology stocks account for 42% of the Nasdaq composite, down from 51% in March 2000.
- Bernice Napach at Daily Ticker8 days ago
Aaron Levie has successfully run a $1.2 billion company for eight years, and he's only 28-years old. This year Levie, CEO of Box, a cloud computing company, has been named Entrepreneur of the Year by Inc. magazine.
Inc.'s Editor -In-Chief Eric Schurenberg says Levie "is doing what all great entrepreneurs have always done. He sees the future before almost anyone else, and then, by the force of his personality and drive, he gets his colleagues and his customers to see it too."
Levie sat down with The Daily Ticker to share the top three secrets of his entrepreneurial success: great timing, an underdog mentality, and always remaining vigilant (if not a bit paranoid).
"We've been very fortunate timing the market...both when we started the company and when we made some critical moves that allowed large companies to adopt box," Levie says.
- Bernice Napach at Daily Ticker9 days ago
Earlier this year the NFL agreed to pay $765 million to settle a lawsuit brought by more than 4,500 players and their families to compensate for chronic illnesses including degenerative brain diseases, due to concussions from play. On Monday 10 former National Hockey League playersfiled suit in Washington seeking damages caused by concussions suffered during their careers. Will Mixed Martial Arts the next sport to pay?
Mixed martial arts (MMA) is among the fastest growing spectator sports in the country. Though less known than boxing or wrestling, MMA combines aspects of both as well techniques from kickboxing, judo, and karate. Fighters compete in an octagon, rather than a ring, and punch and kick and tackle with gloves much smaller than the bulky mitts in boxing and often without shoes.
- Bernice Napach at Daily Ticker10 days ago
How many tech companies does it take to build a working healthcare web site? Answer: Not the 47 hired for healthcare.gov, which has had massive technical problems despite months if not years of preparation.
Yet one company, Health Sherpa, has managed to create a working healthcare site in days-- and it can help people navigate HealthCare.gov. In fact, the federal government was so impressed with Health Sherpa it contacted the company and is now preparing to make it a broker that can sign people up for insurance under the Affordable Care Act, according to George Kalogeropoulos, one of Health Sherpa's three founders.
Related: Obamacare's Unintended Losers
- Bernice Napach at Daily Ticker14 days ago
Walmart (WMT) is coming under fire for shortchanging its own employees.
The Cleveland Plain Dealerreported that an Ohio Walmart held a holiday food drive for its own employees—news which actor/producer Ashton Kutcher publicized on Twitter, setting off a Twitter debate with the world’s largest employer.
OUR Walmart—the Organization United for Respect at Walmart—has announced plans for protests on Black Friday demanding better pay and working conditions for Walmart employees and an end to retaliation against activist workers. (The National Labor Relations Board this week accused Walmart of illegally firing workers for protesting against company policies)
- Bernice Napach at Daily Ticker15 days ago
When Americans take to the road this Thanksgiving holiday they will be paying about 6% less for gasoline than they paid a year ago. That's because the price of crude oil has fallen.
Increased oil production due to fracking--the technology that breaks up shale rock buried deep inside the earth to release oil and natural gas reserves--has boosted U.S. oil output, and, in turn, reduced prices. Crude oil is trading near $93 a barrel, a five-month low, and gasoline prices are averaging $3.21 a gallonfor regular unleaded, according to AAA. Natural gasis trading at $3.55 per million BTU, a few cents below the year-ago price.
- Bernice Napach at Daily Ticker17 days ago
Did you hear the one about the 2-year-old tech company that rejected a $3 billion overture from Facebook (FB)?
Evan Spiegel, the 23-year-old founder of Snapchat, a popular messaging app, turned down Facebook's offer because he believes his company may be worth even more, according to a story in The Wall Street Journal.
Is Spiegel nuts or rational? And is Facebook desperate or just losing its "cool"?
Related: Is Facebook Losing Its Cool?
The Journal also reports that Facebook initially offered "more than $1 billion" to buy Snapchat, then contacted the company again with an all-cash offer "close to $3 billion." Tencent, a Chinese Internet company, recently led an investment group that valued the company at roughly $4 billion, according to The Journal. So maybe Snapchat's CEO is not so crazy after all.
- Bernice Napach at Daily Ticker17 days ago
When you think of gambling in the U.S. you probably think Las Vegas and Atlantic City sprinkled with some Native American-owned casinos in the Northeast and riverboats in some Southern states. Now comes online gambling, which has been operating only in Nevada and is spreading to Delaware and New Jersey.
On Nov. 21, Ultimate Gaming, which already operates in Nevada, will begin testing a “suite” of online games in New Jersey via “a soft launch" under the Ultimate Casino moniker. If all goes well, Ultimate Gaming (which has partnered with the Trump Taj Mahal), will officially launch its site before the end of the month.
- Bernice Napach at Daily Ticker21 days ago
"Our economy is doing extremely well," Scott told The Daily Ticker. "We have a budget surplus so my job is to give it back to consumers in the state." He intends to cut taxes and fees by $500 million in the current legislative session.
Since he was elected Governor two and a half years ago, Scott has raised the exemption on corporate income taxes (which he wants to eliminate entirely) and cut sales tax on manufacturing equipment. He says he's cut taxes 24 times and repealed 2,800 state regulations on businesses and individuals as part of his "It's Your Money Tax Cut Agenda." And Florida has no personal state income tax.