Posts by Nicole Goodkind
- Nicole Goodkind at Daily Ticker18 hrs ago
Cloud computing just got a lot more accessible. Google Drive announced Thursday it was lowering the price of its cloud storage service, incentivizing those who were happy to use only the free 15GB of storage to pay for more.
Google will now charge $1.99 per month for 100GB of storage down from $4.99, and $9.99 per month for 1TB versus $49.99.
The storage Google (GOOG) provides is actually shared between Gmail, Drive and Google+. Those who are already paying will be automatically placed into the new payment plan.
Related: Get ready to work in the cloud
This means that Google provides more storage than any of its competitors, and at a cheaper rate too. This might pose a problem for the valuations of popular cloud storage companies Dropbox and Box, both of which were planning on going public later this year.
The Daily Ticker’s Henry Blodget isn’t too concerned about the impact of Google's price cut on these two cloud companies.
“I’m not sure this actually hits Dropbox and Box too much…lots of people are already on Dropbox and Box and switching is a pain," he says.
- Nicole Goodkind at Daily Ticker1 day ago
In his State of the Union speech, President Barack Obama said he was prepared to go around Congress if lawmakers stymied important legislation. Today he is making good on that threat—the president is expected to order a rule that would require more employers to pay overtime to salaried workers.
Currently, employers aren’t required to pay overtime to salaried workers earning over $455 a week or $24,000 a year. While it is unclear by how much the Labor Department will raise the salary limit, former White House economist Jared Bernstein has proposed an increase to $984 a week or about $50,000 a year. That means this rule would impact between five and 10 million people.
- Daily Ticker2 days ago
An 18-year-old New Jersey high school student sued her parents for throwing her out of their home and refusing to pay for her private high school or college.
Rachel Canning, who has since moved back home according to her parents' lawyer, asked the court to require her parents to pay the remainder of her high school tuition, living expenses, legal expenses and at least some of her college tuition from a designated college fund.
Related: How students can ace the SAT
A New Jersey Supreme Court judge dismissed her case for private school tuition and living expenses but left the possibility of college payments open. According to her parents' lawyer, Canning and her parents will now attempt to reconcile and settle the issue of college tuition out of court, and that Rachel's return home "is not contingent on any financial and/or other considerations."
- Daily Ticker2 days ago
Stores like H&M (HNNMY) and Forever 21 are considered “fast fashion,” selling trendy clothing that is designed quickly and cheaply, with turnaround times as fast as two weeks. Soraya Darabi and Maxine Bédat don't like that business model. They've created Zady.com, an online retailer that focuses on high-quality well-sourced clothing that’s ethically made and built to last. “We’re offering real transparency [in the clothing-world] for the first time,” says Darabi. Think of it as farm-to-closet.
- Daily Ticker3 days ago
Gary Shilling, president of A. Gary Shilling and Co., says individuals should stick with a "risk-on" investing strategy because stocks are still a buy. But he warns that are risks that could drag down financial markets and the global economy.
“You have Fed tapering and problems with the emerging markets—we’re really in a world where people are either forgetting reality or they are correctly anticipating that these problems really don’t matter and that the economy is, for the first time in years, actually going to grow more rapidly,” says Shilling in the video above.
Shilling still likes Treasuries (he has been bullish on Treasuries for decades) even though he believes deflation is lurking. He has broadened his portfolio to include defense stocks as a hedge against this deflaton risk.
“You’ve got stocks that are really not supported by fundamentals and...with the uncertainty over Obamacare, with concern about minimum wage and income polarization...I play it defensively," he says.
- Daily Ticker7 days ago
In a bizarre story that seems like the plot of a 90s cyber thriller, a reclusive 64-year-old man thought to be the founder of bitcoin led reporters on a high-speed car chase through Los Angeles Thursday.
Satoshi Nakamoto, who is worth an estimated $400 million and was recently revealed to be the creator of bitcoin by Newsweek, denied any involvement with the cryptocurrency to a swarm of reporters camped outside of his house.
"I'm not involved in bitcoin. Wait a minute, I want my free lunch first. I'm going with this guy," said Nakamoto, pointing to an AP reporter. "I'm not in bitcoin, I don't know anything about it."
He then sped off in his car only to be chased by reporters who followed him to a sushi restaurant.
- Daily Ticker8 days ago
But it's not just corporations -- the disastrous Oct. 1 debut of HealthCare.gov taught the American people that when it comes to tech, programming and IT, the government is sorely out of touch.
- Daily Ticker10 days ago
Facebook (FB) is acquiring Titan Aerospace, a drone maker, for $60 million, according to a report by TechCrunch. Facebook is interested in building and using high-flying drones to provide Internet access across the globe, beginning with Africa.
According to TechCrunch, Facebook would begin by building 11,000 solar-powered atmospheric satellite drones that can remain in the air for five years without needing to land or refuel. The drones would provide 3G Internet access and remain above FAA regulated airspace as to avoid legal issues.
- Daily Ticker11 days ago
The crisis in the Ukraine hit markets Monday morning, unsettling investors around the globe and upsetting already temperamental emerging markets. Russia’s Micex index was down over 11% early Monday and the ruble hit a record low against the U.S. dollar.
U.S. futures were down sharply as the global selloff continued, and the German DAX fell nearly 2.5%.
“Germany is the largest economy in Europe,” Dan Gross, columnist at The Daily Beast, tells The Daily Ticker Monday. “Their volume of trade with Russia is huge, it’s about three times the size of what [the U.S.] does—they get a lot of their natural gas and energy from Russia; they send a lot of their product to Russia. So if there was some kind of serious disruption in the Russian economy Germany suffers,” which has the potential to disrupt all of the European Union, he says. Germany is the largest economy in Europe.
- Daily Ticker15 days ago
A string of recent deaths within the banking world have brought global attention to the stressful conditions that financiers work in and around. Large banks have attempted to respond to the problem by limiting working hours on the weekends but the effectiveness and ability to enforce those rules have come into question. Studies have found that stockbrokers are three times more likely to suffer from depression than the general adult population. Excess stress is a leading cause of heart and brain disease. So what's a banker to do?
Some prominent investors have taken to transcendental meditation (TM). Some teach the relaxation method to their entire company. The technique requires 20 minutes of silent meditation two times a day and is popular with folks like Bridgewater's Ray Dalio (who offers TM to his 400 employees), Bill Gross, Dan Loeb, Nigol Koulajian (Quest Partners) and Kevin Kimberlin (Spencer Trask & Co).