Posts by Nicole Goodkind
- Nicole Goodkind at Daily Ticker1 day ago
More than ever Millennials and baby boomers are ditching their spread-out suburban lives and packing it in for the city.
Columbia Professor Vishaan Chakrabarti wrote in a New York Times Op-ed last week that lower crime, better schools and more parks are making cities increasingly appealing while the difficulties of attaining mortgages and car loans, combined with a new environmental and social consciousness, make suburban living seem retro and ill-fitting for today's society.
Professor Chakrabarti, author of A Country of Cities: A Manifesto for an Urban America joined the Daily Ticker to discuss what he calls the “beginning stages of a historic urban reordering.”
Related: Why Millennials Will Never Be Happy
- Nicole Goodkind at Daily Ticker2 days ago
Characters like Jordan Belfort (the DiCaprio-depiction) and Gordon Gekko fill the big screen and young minds with dreams of Wall Street grandeur and luxury. And maybe once-upon-a-time working for a big bank was full of such excess, but today, says Kevin Roose, it’s less about a spoil of riches and more about long hours and thankless work.
Roose followed eight young Wall Street hopefuls over the course of three years for his book "Young Money." What he found was that the job wasn’t quite what they expected it to be. “It wasn’t anything like The Wolf of Wall Street,” he says.
“It was like a dystopian nightmare. They got there and were immediately thrust into these jobs where they were working sometimes 100 to 110 hours a week. There’s a thing called the bankers 9-to-5…where you show up for work at 9am and you don’t leave until the next day at 5am.”
- Nicole Goodkind at Daily Ticker2 days ago
Home values in more than 1,000 U.S. cities are expected to surpass their pre-2008 levels within the year, according to a new report released today by Zillow.
"It's definitely a mixed bag of news,” says Humphries in the video above. “On the one hand you’re happy that home prices are recovering so nicely. On the other hand home values were definitely overvalued in 2006 and the fact that just so shortly after the greatest housing recession of the century we’re already seeing a lot of metros return to their peak levels is a sign for how robust the recovery is...but some markets are definitely in danger of overheating again.”
He continues: "In some markets, people are spending more of their incomes on a mortgage than they did during the 15 years before the housing runoff," says Humphries. "Broadly speaking though, at a national level we think homes are still very affordable."
- Nicole Goodkind at Daily Ticker7 days ago
Nearly two years after Facebook’s (FB) tumultuous IPO, the company has found its grounding once again with strong financials and an ever-growing user base. Nearly one-fifth of the time Americans spend on their smartphones is spent using Facebook and the company has completed several large acquisitions including Instagram (for $1 billion), Whatsapp ($19 billion) and virtual reality platform Oculus ($2 billion).
Mark Zuckerberg told The New York Times on Wednesday that he wanted to dismantle his $150 billion social media company. This year he began Creative Labs, which aims to revamp the way the company distributes it services.
“What we’re doing with Creative Labs is basically unbundling the big blue app,” he told The Times. Facebook is planning on splintering into more focused, smaller services.
- Nicole Goodkind at Daily Ticker8 days ago
China’s economy grew by 7.4% in the first quarter of 2014, the slowest rate since September 2012 and below the 7.5% target set by the Chinese government.
“The big picture is that this did miss the [Chinese] government’s target which is what raises eyebrows because China is the ‘engine of global growth’,” says The Daily Ticker’s Lauren Lyster. “But the truth is that’s what the economy is supposed to do there. They are trying to wean themselves off of their desperate addiction to investment-led growth.”
Retail sales in China were up 12.2% year-over-year, beating expectations but industrial production missed estimates at 8.8% and fixed asset investment also slowed down. “Clearly they have a slowdown going on,” says The Daily Ticker’s Aaron Task, “and they’re trying to manage it.”
- Nicole Goodkind at Daily Ticker9 days ago
Leggings and sweatpants, once thought exclusively to be for the gym, have now surpassed jeans as the pants of choice…at least for teens. Activewear now comprises 28% of teen apparel purchases, up from 6% in 2008. And "Athleisure" wear (an industry term for athletic wear that can be worn away from the gym) makes up 14.4% of purchases.
In a semi-annual study released this week by Piper Jaffray, teens ranked the top fashion trend as leggings/lululemon (LULU) and the top clothing brand as Nike (NKE). Denim, which typically ranks in the top 10 fashion trends, was nowhere to be found.
- Nicole Goodkind at Daily Ticker10 days ago
More bad news ahead for General Motors (GM) as the public sifts through the 250,000 documents released by lawmakers last week that highlight the carmaker’s 10-year denial of auto-safety problems.
GM CEO Mary Barra is waiting on two more reports that address how to deal with compensation for victims and repercussions for GM. GM reports earnings on April 24, and the outlook may be negative for the first time in four years given the recent recall of nearly 7 million cars.
Related: GM’s image problem worsens
Recent email revelations show that GM senior executives have known about the cars’ switching problems since at least 2011. Barra testified that she did not became aware of the problem until last December.
So what does this mean for the stock? “It’s certainly one of the cheapest car companies in the universe right now,” says David Nelson, chief strategist at Belpointe. “And sometimes buying headline risk like this can be an opportunity.”
- Nicole Goodkind at Daily Ticker13 days ago
On April 3 David Letterman announced that he would be retiring sometime in 2015. Letterman has been the driving force behind the “Late Show With David Letterman” for 21 years. CBS Corporation (CBS) has announced that Comedy Central’s Stephen Colbert will be next in line to host the long-running, late-night show. The financial terms of Colbert's five-year contract have not yet been revealed.
What this means for CBS is unclear. Fresh competition from younger late-night hosts like Jimmy Fallon, Jimmy Kimmel and Seth Meyers has hurt Letterman's numbers. Both the Tonight Show and Jimmy Kimmel have outperformed Late Show in the 18-49 age demographic in 2014.
Stephen Colbert’s “The Colbert Report” has earned two Peabody Awards and 27 Emmy nominations.
"Stephen Colbert is one of the most inventive and respected forces on television," said CBS chief executive Leslie Moonves in a press release.
- Nicole Goodkind at Breakout14 days ago
Some of Wall Street and Silicon Valley’s best minds are packing it all in for greener pastures. And they’ve found those pastures in…trailer parks.
“Trailer parks have unusual economics,” says Anthony Effinger, the author of an article on the topic for Bloomberg Markets. “It’s a supply and demand curve that’s super attractive to investors.”
There certainly is demand for trailer homes—they’re often the cheapest form of housing which means a lot in an economy with ever-growing wage disparity-- roughly 6% of American's lived in trailer homes as of 2012. The supply of designated trailer parks is also quite low because, “nobody wants a trailer park in their town or county,” says Effinger.
- Nicole Goodkind at Daily Ticker15 days ago
The Daily Ticker joined up with Edward Farrell, President of Resorts World Casino New York City to snag some insider insight into the top secrets of the gaming world.
Secret #1: Casinos want you to bet within your means
You may be surprised but casinos prefer it when you spend within your means, even if that’s just $75 per visit. At Resorts World, the average customer spends under $100 on games, says Farrell. “It certainly benefits us when customers spend what they’re comfortable with and to their budget because then they’re able to come back again.” If people who come in and spend more than they can reasonably lose, “it’s bad for them it’s bad for our community and it’s bad for us,” he says.
Casinos don’t expect you to be a high roller and you certainly don’t need to spend more than you’re comfortable with to receive perks like free food, drinks, and more. Casinos value a repeat customer more than someone who blows it all in one go.
Secret #2: Casinos make a big impact on the economy