Posts by Nicole Goodkind
- Nicole Goodkind at Yahoo Finance3 hrs ago
The polls are open in Scotland, and voters are casting their ballots in the referendum on Scottish Independence from the United Kingdom. The 4.2 million registered voters will face a simple question, “Should Scotland be an independent country?” They will be able to answer with 'yes' or 'no.' Voting is open from 7am to 10pm, and the results will be revealed Friday morning, around 1am Eastern Time.
Current polls are showing that ‘no’ votes have a slight lead, but with a large number of undecided voters the race is far too close to call. A victory for Scotland's independence would mark the largest change to the United Kingdom since Scotland first joined in 1707. If Scotland votes ‘no’ to independence, Britain’s Prime Minister David Cameron has promised greater Scottish autonomy.
There are of course, economic consequences to voting ‘yes.’ Currency poses to be a big problem for the Scots, who planned to stay on the pound sterling before David Cameron and other British leaders made it clear they won’t be able to keep the currency.
- Nicole Goodkind at Yahoo Finance1 day ago
The latest statement from the FOMC was a considerable disappointment to Fed watchers who were hoping Fed Chair Janet Yellen would hint at when the central bank might raise short-term interest rates which have been hovering near 0%. Fed watchers have been waiting for the central bank to trim the phrase the “considerable time,” which the Fed decided to retain at the conclusion of its latest meeting Wednesday. Under current guidance, most Federal Reserve officials believe the first rate hikes won’t begin until 2015.
When asked to clarify her stance on when rates may rise, Yellen remained vague, saying there is no, “ mechanical interpretation ” of considerable time and that, “ It is highly conditional and it is linked to the committee’s assessment of the economy.”
- Nicole Goodkind at Yahoo Finance2 days ago
Janet Yellen begins her September FOMC meeting today where she will meet with Federal Reserve Board Governors and Fed presidents from across the country to discuss current Fed Policy. The Fed’s bond-buying stimulus program is still expected to be completed by October, but Fed watchers are waiting with baited breath to see if Yellen will announce a revised timeline for raising short-term interest rates.
“Considerable time,” are the two words on investors' minds. That’s the language the Fed currently uses to describe when they will hike rates. When the FOMC delivers their statement on Wednesday afternoon, markets will certainly react to whether that language is revised, erased or stays the same.
The great taper
- Nicole Goodkind at Yahoo Finance3 days ago
The Federal Reserve’s two-day policy meeting kicks off tomorrow and investors everywhere will be eagerly awaiting any guidance about when The Fed might begin raising interest rates. Though sources close to the matter believe that the FOMC is coming close to finalizing its plan to wind down the last of its stimulus program, it’s unlikely that anything will be announced this week. The Fed is still on track to end its bond-buying program in October.
There has been a bit of good economic news recently, indicating to some that the Fed might make haste to raise interest rates ahead of the current mid-2015 consensus. Asset markets are booming and the unemployment rate has come down to 6.1%. Some Fed-watchers say this is the time to raise interest rates.
Short-term interest rates are currently pegged between 0% and 0.25%, this would be the first rate-hike since December, 2006.
‘Waiting and seeing’
- Nicole Goodkind at Yahoo Finance6 days ago
Nike makes more than 10 times the revenue of Under Armour but the brands still frequently find themselves squabbling over endorsement deals and sponsorships.
When NBA player Kevin Durant’s contract with Nike was set to expire, Under Armour flew in and topped Nike’s $200 million re-endorsement deal. Nike eventually won out with a $350 million offer but Under Armour CEO Kevin told Bloomberg reporters, “ Do I take pleasure in that they [Nike] paid $150 million more than they planned on paying? Absolutely.”
Plank reportedly refuses to even say the word 'Nike' and recently opened an Under Armour office in Portland, Oregon—just a skip away from Nike’s headquarters.
- Nicole Goodkind at Yahoo Finance7 days ago
On September 18 th Scotland will vote on whether or not to leave the United Kingdom and break a union that has lasted over 300 years. While it long seemed as though an independent Scotland was only a pipedream, recent polls have shown that a ‘yes’ vote is actually somewhat likely—the ‘no’ to Scottish independence vote is now winning by only 4% (it was up by as much as 11% on August 25 th ).
Update: A YouGov poll released overnight Friday showed the independence movement losing a bit of momentum with 52% of respondents saying they'll vote "no" for independence and 48% saying they'll vote "yes." Still, the vote is too close to call and a lot closer than many expected just a few weeks ago.
- Nicole Goodkind at Yahoo Finance9 days ago
3D printing has long been considered a novelty item for consumers and a useful tool for architects and engineers—but we’re on the brink of a revolution says MakerBot CEO Bre Pettis.
“I see this as an adventure as big as personal computing,” he says. “We’re just at the beginning of 3D printing…I think the next big milestone will be when someone knows someone with a 3D printer so they have access.”
3D printing is now being used to save lives; Pettis tells the story of 14-month-old Roland Lian Cung Bawi, who was born with major heart defects that would kill him if left untreated. His surgeon created a 3D print of his heart using a MakerBot. The model allowed him to cut out many exploratory surgeries and finish the actual operation more quickly—something that traditional 2D models were unable to do.
- Nicole Goodkind at Yahoo Finance13 days ago
Update: Alibaba announced Friday afternoon that it's IPO price range will be between $60 and $66 per share .
It's been a busy first week of September. The ECB cut rates, employment numbers fell short of expectations and cyber security was threatened once more with hacks affecting Apple and Home Depot. Hold on to your iClouds, it’s time to hear what the biggest stories in the business and finance world will be next week.
Yahoo Finance editor-in-chief Aaron Task, Rick Newman and Jeff Macke join Lauren Lyster to discuss.
Treasury Secretary Jack Lew will speak Monday on tax reform and inversions. His talk will offer clues to the White House’s tax reform plan and will set the tone for Congressional action.
“I don’t think it’s just going to be a speech saying ‘shame on you, you unpatriotic companies'," says Rick Newman. “We’re looking for something specific about what the Treasury Department might do and then some discussion in Congress about whether they might pass some kind of law.”
Given Congress’ track record, it seems more likely that there will be executive action by President Barack Obama, says Newman.
- Nicole Goodkind at Yahoo Finance14 days ago
Note: Bre Pettis, co-founder and CEO of MakerBot is stepping down from his position to run the new “Innovation Workshop” at Stratasys. In a statement, Stratasys CEO David Reis writes, “Bre Pettis will be transitioning from the day-to-day activities of management to a position with Stratasys where he will be able to influence and direct the vision of MakerBot and Stratasys; he will also be a member of the MakerBot Board of Directors.” Last week, Yahoo Finance sat down with Pettis to discuss the future of MakerBot and 3D printing.
For all the game-changing potential 3D printing may have, the road from concept to desktop printer was not as complicated for the founders of one company as it sounds.
“Before MakerBot we just wanted a 3D printer but we couldn’t afford one,” says Bre Pettis, co-founder and CEO of 3D printing company MakerBot Industries. “They were really expensive and they were the size of refrigerators so we did what any good tinkerer or hacker type does, we just made one. And when it worked, we thought everybody should have one of these, and we started MakerBot.”
- Nicole Goodkind at Yahoo Finance16 days ago
Coconut Water has jumped from relative obscurity to a health-drink powerhouse in the last seven years, going from close to $0 in sales in 2004 to over $400 million in 2013.
While soda and non-fresh juice sales are slipping, sales of all waters (including fitness and plant-based waters) have grown 7% since 2013 and produce section beverages have jumped 13% since 2013, according to Nielsen.
Now, other plant-based drinks, like maple water, want a piece of the pie. Made from the sap of maple trees (which is often then boiled down to become maple syrup), maple water has long been known as a health-concoction in South Korea. Companies like Vertical (in partnership with Cornell University), DRINKmaple, Oviva and HappyTree are all available nationally and are fighting to establish themselves as THE maple water company.
Ari Tolwin, the co-founder of HappyTree and a former McKinsey consultant, was visiting his brother, a farmer in upstate New York, when he first tried maple water straight from the tree. After searching online and finding that there wasn’t much about the product he quit his job to start selling the stuff.