Posts by Nicole Goodkind
- Daily Ticker2 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 Ticker3 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 Ticker5 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 Ticker6 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 Ticker10 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).
- Breakout13 days ago
Millennials, or the approximately 82 million Americans born between 1985 and 2000, are coming of age and changing just about every feature of the U.S. economy. Housing, jobs, investing, and even retirement are just some of the sectors being revolutionized by Gen Y. Now we can add retail to that growing list.
- Daily Ticker16 days ago
After a rough-and-tumble start to the year, markets are beginning to recover once again. Stocks yesterday inched towards record highs in spite of a slew of mixed news and earnings.
So where do they go from here?
“I’m constructive about this market,” says Carla Harris, vice chair of global wealth at Morgan Stanley and chair of the National Women’s Business Council. “You still have all-time high cash balances sitting on corporate balance sheets, you still have record low interest rates and you have an economy that, especially from a labor perspective, is continuing to improve. Everything points to a good market environment.… Frankly I’m very bullish on this market.”
Harris understands that investors are still cautious but argues that they are cautiously optimistic whereas 24 months ago her clients were cautiously pessimistic.
- Daily Ticker17 days ago
Last week autoworkers at a Volkswagen plant in Chattanooga, Tennessee voted to block the introduction of the United Auto Workers as their labor representatives. The vote followed a long, controversial campaign involving various politicians, third party advocate groups and lots of money.
So is this a serious blow to unions and laborers in the United States with lasting ramifications or an obvious decision in an anti-union southern state?
That all depends on whom you ask.
For VW, a German company that operates largely through the use of works councils, this might mean the end of plants in the U.S.
Bernd Osterloh, the head of the VW works council told German newspaper Sueddeutsche Zeitung: "I can imagine fairly well that another VW factory in the United States, provided that one more should still be set up there, does not necessarily have to be assigned to the south again."
- Daily Ticker17 days ago
The Lego Movie has proven itself to be a U.S. box office darling. The animated feature has been sitting pretty in the No. 1 spot for two weeks, raking in $143.8 million so far and receiving a rating of 96% on Rotten Tomatoes.
Lego itself is a company at the top of its game. 2012 was the best year the company had seen in its 82-year history, with a net income rising 35% to almost $1 billion. Over the past five years the company has grown sales at 24% per year and profits at 40% per year. Lego is the world’s most valuable toy company and it doesn’t even have patent protection.
Only 10 years ago, however, Lego was facing an entirely different reality. The company was hemorrhaging nearly half a million dollars in value daily. The toy company couldn’t compete with the new games of the digital age and found itself overextending its resources by trying to keep up and “think outside of the box.”
Enter Jorgen Vig Knudstorp, a young consultant (now CEO of the Lego Group), who developed a set of guiding cultural principles that allowed Lego to innovate on its own terms instead of trying to keep up with other companies.
- Daily Ticker19 days ago
Innovate or die: that’s the rule most successful Silicon Valley companies live by. Sitting pretty in the cutthroat tech world means becoming a lame duck company and eventually going the way of Gateway or Compaq.
Google (GOOG) and Amazon (AMZN) take this idea to heart—they develop self-driving cars and drones that drop your packages at your front door. Apple (AAPL), however, has fallen stale. There are only so many iterations of the iPhone that can be released before people start calling for bigger changes. The company that changed the way Americans consume music and popularized the smartphone needs to do something big and soon.
Enter Adrian Perica, a former U.S. Army officer and former Goldman Sachs investment banker, who heads up Apple’s Mergers and Acquisitions team.