Posts by Morgan Korn
- Morgan Korn at Daily Ticker1 day ago
To make it far in Hollywood, one needs talent, looks and a good agent. Some of Hollywood's biggest stars have been able to secure multi-millions for movie projects that otherwise would have netted them only a small fortune. Take A-list celeb Sandra Bullock, for instance. Her Oscar-nominated performance in "Gravity" earned her rave reviews...and an estimated $70 million paycheck. Bullock was paid $20 million upfront for her role in Alfonso Cuaron's space thriller and then received a big cut of the movie's box office receipts; "Gravity" took in $710 million worldwide.
Bullock's decision to forgo her usual salary in exchange for back end points is not unusual: Bruce Willis, Cameron Diaz, Johnny Depp, Keanu Reeves and Tom Hanks have also reaped huge financial rewards for clever contracts.
"If you’re really an A-list star and you’ve got negotiating clout...you can share in the pot of gold," says Adam Markovitz, senior writer at Entertainment Weekly, in the video above.
- Morgan Korn at Daily Ticker5 days ago
Alfa Romeo will soon officially return to the U.S. market after a 19-year absence. Car enthusiasts can see the luxury brand's 4C sports car up close at the New York International Auto Show, which runs through April 27. The Italian automaker became famous with American drivers when Dustin Hoffman drove the sporty Spider in the baby-boomer coming-of-age film "The Graduate" in 1967.
The 237-horsepower, turbo-charged 4C coupe will have tough competition, including racers such as the Audi TT, Porsche Cayman, BMW Z4 and Mercedes-Benz SLK.
The 4C will hit Fiat dealerships across the country starting in late June or early July. The "Launch Edition" will be limited to 500 models with a sticker price in the $70,000 range. The standard 4C model that comes later will be priced near $54,000. Only 800 to 900 units will be available for sale in the U.S., according to Justin Hyde, managing editor at Yahoo Autos.
- Morgan Korn at Daily Ticker8 days ago
Monday's stock market rally may have convinced investors that the carnage is over but "scars still remain" from last week's big selloff, says The Daily Ticker's Aaron Task. Monday's rally helped the major indices erase some recent losses but they're still down for the month and year.
"This selloff is largely emotion driven," explains Yahoo's Jeff Macke in the video above. "Investors have to manage their emotions."
Ukraine's crackdown on pro-Russian separatists, China's slowing economy and other geopolitical concerns are priced in to the market and cannot be blamed for the dramatic drop in momentum stocks, notes Macke.
- Morgan Korn at Daily Ticker12 days ago
David Winters, CEO of Wintergreen Advisers, won't back down from his battle with the world's largest soda maker. Winters has openly criticized Coca-Cola's (KO) proposed 2014 equity compensation plan, calling it "potentially highly dilutive to shareholders"..."unnecessary"..."unsupported by any strategic rationale" and "a bad precedent for corporate America." And that's not all.
In a March 21 letter to Coca-Cola's board of directors, Winters characterizes the proposal as an "outrageous grab" and an “excessive transfer of wealth” from Coca‐Cola shareholders to the company’s senior management.
- Morgan Korn at Daily Ticker13 days ago
The list of companies going public keeps growing. Sixteen companies are expected to begin trading publicly just this week, making it the busiest week for IPOs since 2007. But are there signs investors are souring on IPOs?
Some of this year's highest profile IPOs -- namely King Digital (KING), parent company of the extremely popular game Candy Crush -- flopped with investors. King Digital stock is down 19% from its offering price. AnETF that tracks the performance of new IPOs has dropped about 2% this year, and some recent IPOs have priced at the low end of their target range.
- Morgan Korn at Daily Ticker14 days ago
Good news: There's a way to work fewer hours and be more productive. Take Denmark for instance. Its 5.6 million people work no more than 37 hours a week, have six weeks of paid vacation (plus an additional 12 paid national holidays) and new parents are given a year's paid leave to care for their newborn. The Nordic country also prides itself on equity in the workplace and even has a government bigwig called the Minister for Gender Equality.
A slacker nation? Hardly. Even though Danes work fewer hours than Americans and take more vacations, Denmark is one of the world's most productive nations. Its economy is one of the most competitive in the world, with little income inequality and a very low unemployment rate. Not surprisingly, Denmark ranks as the happiest nation in the world according to the United Nation's World Happiness Report.
- Morgan Korn at Daily Ticker16 days ago
As of April 8 Microsoft (MSFT) will officially end support for Windows XP.The tech giant will no longer provide security updates or technical assistance for the 12-year-old operating system and holdouts are being encouraged to migrate to Windows 8.1.
Upgrading a personal computer to a modern operating system may be relatively pain-free, but will the process go as smoothly for 95% of the world's ATM machines that currently run on the XP platform? Furthermore, does Microsoft's decision mean ATMs are more vulnerable to hacking?
- Morgan Korn at Daily Ticker19 days ago
More than seven million Americans signed up for health insurance by April 1, a milestone even the Obama Administration did not think was achievable a few weeks ago. The Affordable Care Act law, better known as Obamacare, requires that all Americans enroll in a healthcare plan or pay a financial penalty.
Even though the law was passed by Congress four years ago and upheld by the Supreme Court in 2012, Republicans remain eager to repeal President Obama's signature domestic policy. GOP leaders are making the health care law the core argument in this year's midterm elections, putting Democrats who supported Obamacare on the defensive. Repealing Obamacare seems like a whimsical quest, since Democrats control the Senate and wouldn't go along, and Obama would veto any repeal that passed Congress anyway. Six efforts by Republican lawmakers to repeal Obamacare have failed.
- Morgan Korn at Daily Ticker20 days ago
Even as U.S. markets flirt with new highs, Stocktwits Chairman Howard Lindzon has only 40% of his portfolio invested in stocks. But this conservative approach can't be attributed to concerns about a market bubble: "We're as far away from a bubble as possible," he says in the video above.
Lindzon believes there are pockets of "silliness" right now and chooses to invest in stocks that he can "explain to his children," including Charles Schwab (SCHW), Interactive Brokers (IBKR) and robot maker iRobot (IRBT).
"There’s enough good companies to own," he declares. "I am bullish on stocks."
- Morgan Korn at Daily Ticker21 days ago
President Barack Obama won't make a final decision on the last phase of the Keystone XL pipeline for months, but Bill White, former deputy energy secretary, tells The Daily Ticker that it "ought to be built."
"We've seen an explosion of pipeline development in the last five years," he explains in the video above. "Pipeline transportation is a lot safer than rail or tanker transportation."