Posts by Nicole Goodkind

  • San Francisco 2.0: Are tech millionaires changing the city for good?

    Nicole Goodkind at Yahoo Finance 10 days ago

    From the California Gold Rush in the 1840s to the summer of love in 1969, San Francisco has long been the incubator for social and economic change that revolutionizes America. For better or worse.

    Silicon Valley is now synonymous with the invigoration of tech startups that are transforming the shape of the U.S. economy. That boom is also transforming the ways San Francisco operates.

    Award-winning documentary filmmaker Alexandra Pelosi explores what the tech boom means for her hometown in "San Francisco 2.0," which premieres on HBO tonight.

    “There is an affordability problem,” in San Francisco, Pelosi tells Yahoo Finance. “We have this gold rush of all these young techies moving to the west coast. San Francisco is a small peninsula, we don’t have that much space there, so there is a problem where you have people who have lived there for generations getting pushed out.” Pelosi points to middle class families in the Mission area of the city who can no longer afford to live there. 

    The bottom line for Pelosi is to make room for everybody in San Francisco and make it a town that everybody can enjoy, “not just the rich newly minted tech millionaires.”

  • How much is the Pope's visit costing the U.S.?

    Nicole Goodkind at Yahoo Finance 15 days ago

    Pope Francis’ trip to the U.S. continued today in Washington, DC with a visit to the White House, lots of baby kissing and a late-afternoon mass. Tomorrow he’ll continue on to New York and then Philadelphia.

    Along with a chartered plane and a super-secure Pope mobile, the Pontiff also requires a detailed security force, local police and street closures in each city he visits. That costs a lot of money. It’s been estimated that his visit to Philadelphia could cost $48 million alone.

    So who’s footing the bill?

    That’s a complicated question. The simple answer is everybody but the Vatican. “The Vatican never pays out of pocket for this,” says Gerald Posner, author of God’s Bankers. “It’s really either the local Catholic dioceses that he’s visiting or sometimes the government.”

    “If they can’t raise that money the state and city will pick up the tab so the taxpayer may subsidize the Pope a little bit,” says Posner.

  • Stockman: Markets in store for huge correction if Fed doesn't raise rates

    Nicole Goodkind at Yahoo Finance 21 days ago

    David Stockman is not a fan of the Fed. In fact he claims that the Fed is on a “jihad” against retirees and savers.

    The former Reagan budget director and author of “The Great Deformation: The Corruption of Capitalism in America” visited Yahoo Finance ahead of the Fed announcement to discuss his predictions and the potential impact of today’s interest rate decision. “80 months of zero interest rates is downright crazy and it hasn’t helped the Main Street economy because we’re at peak debt,” he says.

    Businesses in the U.S. are $12 trillion in debt. That’s $2 trillion more than before the crisis, but “all of it has gone into financial engineering—stock buybacks, mergers and acquisitions and so forth,” according to Stockman. “The jig is up; [the Fed] needs to get on with the business of allowing interest rates to find some normalized level.”

    While Stockman believes that the Fed should absolutely raise rates today, he isn’t so sure that they will. But even if they do, he says they’ll muddle the effect by saying “‘one and done’ or ‘we’re going to sit back and watch this thing unfold for the next two or three months.’”

  • Buffalo Wild Wings CEO discusses Steve Rannazzisi 9/11 lie: Yahoo Finance Exclusive

    Nicole Goodkind at Yahoo Finance 22 days ago

    Buffalo Wild Wings CEO Sally Smith tells Yahoo Finance today that she is launching her own investigation into the controversy surrounding company spokesperson Steve Rannazzisi and his lying about surviving the September 11th attacks on the World Trade Center.

    “We were very disappointed to learn about the misrepresentation of his involvement in 9/11," Smith says. "We’re taking a look at how and if we continue that relationship.”

    Rannazzisi, a comedian and star of the FXX show "The League," had described his ordeal at the World Trade Center in great detail to multiple interviewers. He claimed that he was working for Merrill Lynch on the 54th floor of the South Tower when the first plane struck. Rannazzisi has cited his experience on September 11th as the reason he decided to give up his career in New York and move to Los Angeles to pursue show business.

    Today, Rannazzisi admitted that he lied about the event on Twitter and released this statement through his publicist, Matthew Labov: “I was not at the Trade Center on that day. I don’t know why I said this. This was inexcusable. I am truly, truly sorry.”

  • How Starbucks turned the pumpkin spice latte into a lifestyle brand

    Nicole Goodkind at Yahoo Finance 1 mth ago

    September 8th marks a big day for lovers of flavored coffee drinks. The iconic pumpkin spice latte (or “PSL”) is officially back at Starbucks (SBUX). That means your social media feeds will no longer be filled with beach selfies; they’ll now be flooded by friends bemoaning the proliferation of pumpkin-spiced everything.

    Starbucks (SBUX) has sold well over 200 million pumpkin spice lattes since the drink’s introduction in 2003. It’s the company’s No. 1 one selling seasonal drink of all time, and Starbucks claims that the “first sip of pumpkin spice latte signals the onset of the fall season.” And this year Starbucks announced it will use real pumpkin in its drink this year. Panera has said it will do the same.

    The Starbucks team carefully crafted the pumpkin spice latte social media personality. For example, the team decided to treat the PSL as a celebrity after noticing people who followed the drink also followed more celebrities than the average social media user.  The team also decided that the PSL would tweet in first-person.

  • Fan Bingbing made $21 million last year: Who is she?

    Nicole Goodkind at Yahoo Finance 1 mth ago

    Forbes’ has released its list of the top paid actresses in 2015 and for the most part its pretty standard. Jennifer Lawrence, aka America’s sweetheart, came in first, followed by Scarlett Johansson and Melissa McCarthy. The fourth highest paid actress, however, is a surprise. Fan Bingbing, a 33 year-old Chinese actress, producer and singer, has earned $21 million pre-tax over the past 12 months.

    Americans might recognize Fan from her small role in X-Men: Days of Future Past, but for the most part her earnings come from China’s growing national film market. Fan is so successful in her home country that Barbie recently released a doll modeled after her in Shanghai.

    So who is Fan Bingbing and how did she make more money than Jennifer Aniston, Angelina Jolie and Meryl Streep last year?

    In 2007 she opened her own production company, Fan Bingbing Studio.

    Fan Bingbing is currently best known in China but that’s all about to change. The foreign superstar just inked a deal with 20 th Century Fox to star in four more X-Men films.


  • Meet the 24-year old who could get Kanye West elected

    Nicole Goodkind at Yahoo Finance 1 mth ago

    Kanye West announced that he would be running for president in 2020 after an 11-minute speech during MTV’s Video Music Awards. During the speech West also insinuated that he was high on marijuana.

    Only time will tell whether West was serious about his presidential ambitions, but in the meantime the first political action committee has been formed in his name. "Ready for Kanye" was registered with the Federal Election Commission just a few hours after West’s announcement by Eugene Craig, a young republican from Maryland.

    Craig, who is currently the 3 rd vice-chair of the Maryland Republican Party and the president of the Young Minority Republican Fund, supports Rand Paul for 2016 but will support West in 2020 if there isn’t already a republican in the White House.

    Craig also points to Donald Trump who has been a democrat, an independent and a republican over the course of his life as proof that West's political affiliation can evolve.

    Craig hasn’t been contacted by anyone associated with West but he is hopeful. He says he’s been a fan since West released the album “College Dropout.”

  • This employer will pay for your dream vacation: Best perk ever?

    Nicole Goodkind at Yahoo Finance 1 mth ago

    Betabrand is a crowd-funded clothing retailer based out of San Francisco that you can thank for clothing innovations like dress pant sweatpants and the paparazzi-proof hoodie.

    But the outfitter’s experiments go beyond what we wear—it's transforming employee benefits as well. One day last year, Betabrand CEO Chris Lindland went out for drinks with some of his employees and was surprised to find out a number of them had never been abroad—that’s when he got the idea to use points from his corporate credit card to pay for their overseas vacations.

    Lindland ran the idea by Betabrand CFO James Tagliani who consolidated all expenses onto the Spark Miles for Business card from Capital One-- a corporate credit card with double miles. They now accumulate enough points to send one employee abroad every six to eight weeks.

    Watch the video above to see Betabrand send an employee to Morocco!

  • This tech entrepreneur lost $1 million and made it back before 25

    Nicole Goodkind at Yahoo Finance 1 mth ago

    Jessica Mah founded inDinero, a small business services start-up, when she was just 19 years-old and received $1 million in funding by the time she was 20.

    This wasn’t too surprising. The tech wiz began programming at 8 years-old, started her first company at 12 and dropped out of high school to take computer science courses at University of California at Berkeley when she was 15. In 2010, TechCrunch wrote that she was, “Perhaps the closest we’ve got to a female Mark Zuckerberg.”

    Yet after just one year, her company was on the brink of failure. She was burning through $80,000 a week and couldn’t get along with any of her co-workers. “I overspent, I overhired, I wasn’t focused on generating enough revenue to sustain the business,” says Mah.

    “We regrouped,” says Mah. “And we came up with the idea to do inDinero full-service. So instead of just being software we decided to charge thousands of dollars more but also handle all of the accounting and tax needs for a business.” The rebranding worked—inDinero has grown 2,686% in the past three years and now has four offices around the globe.

  • How to keep your job in a world of automation

    Nicole Goodkind at Yahoo Finance 1 mth ago

    Nearly half of all jobs in the United States-- 47%-- are atrisk of being replaced by some sort of automation. From cashiers to headhunters to stock analysts, all sorts of jobs are at risk. So how do you stay relevant as an employee when machines and robots are doing more and more of the work?

    Sales jobs are a great example, says Colvin. “A lot of selling is being automated.  It’s called programmatic buying. However, think about selling a power turbine that costs $4 million. Think about selling a sponsorship of a whole season of a television show. Those are only going to be done by human beings.”