Posts by Nicole Goodkind
- Nicole Goodkind at Yahoo Finance9 hrs ago
Each year IMagazine releases its ranking of the 500 fastest-growing privately held companies. Now in its 33rd year, Inc. goes through thousands upon thousands of applications from eligible companies, which submit their stories and revenue over a three-year period, for evaluation. Companies like Pandora (P), 7 Eleven, Toys ‘R’ Us, Zipcar and Zappos.com have applied and won a coveted spot on the list in the past.
Inc. Magazine editor-in-chief Eric Schurenberg joined Yahoo Finance to discuss some of his favorite companies that made the list this year.
- Nicole Goodkind at Yahoo Finance13 hrs ago
Performing at the Super Bowl halftime show means huge exposure and a boom in sales for even the most hallowed artist, which is why performers like Beyoncé, Madonna, Paul McCartney and Bruce Springsteen have agreed to perform free of charge. According to a report from The Wall Street Journal, however, the NFL is now asking potential halftime artists to pay them to perform.
The NFL reasons that the exposure halftime performers receive boost their album and tour sales substantially. Last year’s show brought in 115.3 million viewers -- about 3 million more viewers than the game's average. To put that into perspective, the 86th Academy Awards had 43.8 million viewers and the 56th Grammy Awards had 28.5 million.
- Nicole Goodkind at Yahoo Finance1 day ago
Ten years ago, a small Internet company called Google (maybe you’ve heard of it?) released its IPO prospectus, declaring that its code of conduct was “don’t be evil."
Google (GOOGL) debuted at $85 a share with a $23 billion valuation. Today the stock is trading just under $600 a share with a $390 billion market cap.
“Google has just killed it,” says Yahoo Finance’s Henry Blodget. “They had a great central product and...it is an insanely profitable business that has thrown out all sorts of cash.”
At the time of Google’s IPO the company's annual revenue was just over $3 billion; today it comes in at around $70 billion.
Of course Google has also produced other successful products including Gmail, YouTube Chrome and many experimental products like Google Glass, self-driving cars, and a monthly music subscription service. Google’s display business and its YouTube division are becoming meaningful businesses for Google, says Blodget. But, “everything else is pretty much a rounding error…it may be exciting someday but right now it is not.”
- Nicole Goodkind at Yahoo Finance5 days ago
For the extremely wealthy, a vacation to Europe or South America just doesn’t cut it. They demand adventure and luxury that takes them to the ends of the Earth and back. As Financial Times travel editor Tom Robbins puts it, “It’s all about bragging rights. If I was at a dinner party with you and you’d say you’d been to Barbados in a lovely hotel with gold taps I’d say ‘that doesn’t really impress me much,’ but if you said you’d been to Myanmar and gone trekking with the hill tribes I might think more of that.”
Robbins joined Yahoo Finance to discuss the hottest exotic travel destinations for the 1%.
Flying into Bhutan isn’t for the faint of heart. The only international airport, Paro, is surrounded by mountains as high as 18,000 feet and is considered one of the most challenging airports to fly into and out of. It might be easy to get over the perils of the flight, however, as Bhutan created and tops the “Gross national happiness index.”
- Nicole Goodkind at Yahoo Finance7 days ago
Vintage wines, antique cars and in-vogue art – these all made the annual list of Bloomberg Markets Magazine’s top alternative and exotic investments. Not all alternative investments, however, are created equal, and they do tend to change in value from year to year. Devin Banerjee, U.S. investing reporter with Bloomberg, joined Yahoo Finance to discuss.
“We’ve seen antique cars do very well,” he says, “with 40% gains in the antique cars index.”
Wine, however, has lost value this year, but Banerjee points out these are averages and there are still outliers. A 2004 wine made by Château Pavie, a wine maker from the Bordeaux region of France, has a 24.1% three-year annualized return. But in general, wine has seen a -9.6% three-year annualized return.
- Nicole Goodkind at Yahoo Finance8 days ago
If you’ve logged onto Facebook or Instagram in the past few days you’ve most likely seen videos of your friends and celebrities pouring buckets of ice water over their heads, perhaps you’ve even been tagged in one.
The ‘Ice Bucket Challenge’ is a campaign that aims to raise money and awareness for Amyotrophic lateral sclerosis (ALS) or Lou Gherig’s Disease. The challenge involves someone pouring a bucket of ice water over his or her head and then asking certain friends to do the same within 24 hours or to donate money to ALS.
The challenge has caught the attention of celebrities and politicians ranging from Justin Timberlake to President Barack Obama (who decided to stay dry and donate instead).
Still, some have been critical of the campaign saying it’s more of an exercise in vanity than charity. This isn’t so says Bill Thoet, Chairman of the ALS Association’s Board of Trustees.
- Nicole Goodkind at Yahoo Finance9 days ago
The number one alternative investment according to Bloomberg Markets is … storage space. Yes, you read that correctly.
According to the magazine’s annual ranking of alternative and exotic investments, storage units (specifically storage facility REITs) have been having a great few years.
Storage REITs such as Extra Space (EXR), Public Storage (PSA), CubeSmart (CUBE) and Sovran Self Storage (SSS) have seen gains between 142% and 483% in the past five years. Storage as a category has returned 101% from 2008 through 2011, outperforming all other REIT categories. There are now 52,000 storage properties in the United States, up from just under 20,000 in 1990. Nearly 11 million Americans rent storage units each year.
- Nicole Goodkind at Yahoo Finance12 days ago
Why go to the doctor when you can head to your local Walmart (WMT)?
Walmart is expanding its medical services beyond the pharmacy and into primary care service. The big-box retailer has already opened six health clinics in Texas and South Carolina and plans on opening another six before the year ends. Nurse practitioners will staff the clinics and a walk-in visit will cost only $40 ($4 for Walmart employees).
The Affordable Care Act is allowing previously uninsured Americans access to preventative and primary care for the first time and Walmart certainly stands to gain from that.
“Walmart isn’t just looking at this as money from The Affordable Care Act…they know you’re going to spend money on pharmaceuticals, on medicines and whatever you might need to treat the diseases that you’re being identified with at the Walmart,” says Yahoo Finance Editor-in-Chief Aaron Task.
- Nicole Goodkind at Yahoo Finance14 days ago
The Republican National Committee has been making news this week with a push to support Uber. In an email to supporters, the RNC wrote "We don’t need the intrusive government implementing any more strangling regulations, limiting consumer choices or interfering in the free market...But this isn’t about one company or concept. This is about protecting the core principles that make our country so great: our free market principles, our entrepreneurial spirit and our economic freedom."
Republicans are attempting to make this a partisan issue but there's at least one Democratic senator who's been pushing for looser tech regulation for some time.
In 1996 Senator Ron Wyden (D-Ore.) authored section 230 of the Communications Decency Act. The provision, which says that if you run an interactive online company you’re not held responsible for everything people post on it, turned out to be vital to the survival of companies like Facebook, YouTube and Twitter. If someone tweets something defamatory under his or her personal handle, for example, Twitter cannot be sued for libel.
- Nicole Goodkind at Yahoo Finance14 days ago
Minimum wage in the U.S. is a hot button issue. With fast-food workers striking around the country and President Obama calling upon congress to raise the Federal minimum wage to $10.10 per hour, it’s certainly something we will continue to hear about going into midterm elections.
Business magnate and co-founder of Def Jam Recordings, Russell Simmons, founder of the RushCard (a card that helps those who “feel cut off from the economy because they have been turned away by the big banks”), agrees that something must be done to increase wages. “The gap between the rich and the poor is increasing… there’s a lot more we can do and there’s a lack of appreciation of what it means to trickle up instead of trickle down,” says Simmons. “We find that corporations are now putting their money in banks—they’re not reinvesting,” he points out.
The rich enabling the poor doesn’t work, says Simmons. “Corporations save a lot more of their money than people who are struggling do. There’s a lot more money sitting in the accounts of successful individuals than those who are struggling.” If we want to put money back into the economy, says Simmons, the best way is to raise the minimum wage.