Posts by Nicole Goodkind
Nicole Goodkind at Yahoo Finance 3 days ago
It’s been the week of deflation—looming deflation in Europe, deflate-gate in football and ever deflating oil prices. But what does next week have in store?
Yahoo Finance’s Aaron Task, Michael Santoli and Rick Newman along with Trulia chief economist, Jed Kolko came together to discuss next week’s headlines before they become headlines in the Yahoo Finance roundtable.
The FOMC meets on January 27 th and the 28 th next week. The Swiss Central Bank, the Bank of Canada and ECB all made sweeping moves in the past weeks, so can we expect the same from the Federal Reserve?
“I think we’re done with the Central Bank drama for the time being,” says Rick Newman. “The Fed’s probably going to do nothing whatsoever.” Michael Santoli thinks there is an open question around how they characterize the decline in oil and inflation. He thinks that the Fed’s own economic models show that oil is “rocket fuel for the economy.” They could accelerate, and there could still be a midyear rate hike.
Santoli believes that we might be “ripe for an upside surprise,” mostly due to factors outside of the housing market like jobs and increasing disposable income.
Nicole Goodkind at Yahoo Finance 4 days ago
The first showdown between President Barack Obama and the new Republican-controlled Congress looks like it will be over increased sanctions in Iran.
Iran met this Sunday with major powers to discuss its current nuclear program and to potentially negotiate. The negotiations came after five days of talks with Secretary of State John Kerry and officials from the UK, China, Germany, Russia and France. Negotiations are set to continue in early February. The goal is to reach a framework agreement by March and to complete an agreement that limits Iran's nuclear capabilities by July.
The White House and Treasury both believe that the Congressional proposal to increase sanctions on Iran will hinder negotiations. According to White House advisor Dan Pfeiffer, new sanctions would put the U.S. in a bad place not only with Iran, but also with the world.
On Wednesday, the Treasury's top sanctions official David Cohen, told Congress that sanctions are not needed at this time and that they would undermine any progress made on tempering down Iran's nuclear program.
Nicole Goodkind at Yahoo Finance 6 days ago
YouTube provides hours of entertainment for many, but for a select few it also means millions of dollars in advertising revenue. YouTube allows certain content creators to monetize their videos through their “YouTube Partner Program,” which means ads will play before or around a video, and the content creator will be paid through an AdSense account.
Some of the top earners include Taylor Swift, EMI Music, and the WWE. The number one earner, however, is a woman who makes videos of herself unboxing Disney (DIS) toys -- and according to OpenSlate, she made $4.9 million in 2014 from YouTube ads alone.
More from Yahoo Finance
Nicole Goodkind at Yahoo Finance 10 days ago
It’s been a volatile week for markets, stocks bounced back on Friday after five straight days of losses. Data reporting rising factory output and high consumer sentiment brought stocks back into the green, particularly in the energy sector. On Thursday a shocking announcement from the Swiss National Bank sent markets into a tizzy. The central bank rid itself of its euro exchange cap and lowered interest rates with almost no warning, creating what was described as a “bombshell,” for the economy. Continuously unstable oil prices and depressing bank earnings also led to the market's disappointing stretch this week.
But what will happen next week? Yahoo Finance’s Jeff Macke, Rick Newman, senior columnist Michael Santoli and editor-in-chief Aaron Task got together to discuss.
Swiss shock and ECB look-ahead
“While it looks like new highs that suddenly ended, it’s actually been a six-month period of sliding sideways,” says Santoli. He believes that bond-like stocks have propped up the markets. “This could either be a healthy consolidation -- we’re going to find a new set of buyers at these levels -- or it’s showing a narrowing market that’s going to be more vulnerable.”
Nicole Goodkind at Yahoo Finance 11 days ago
This year’s Oscar nominees were overwhelmingly white -- every single actor and actress nominated for an Academy Award this year is Caucasian. In terms of nominations, the 2015 ceremony will be the whitest since 1998. There has been public outcry over the lack of racial diversity at this year's awards, with particular focus on the movie "Selma" and the lack of nominations it received in the acting and directing categories. The film, which was based on Martin Luther King Jr.’s historic civil rights march to Montgomery, received a 99% rating with critics on RottenTomatoes.
The hashtag "OscarsSoWhite" went viral after the nominations were announced.
"SELMA? One of the best pics of the year. But the directing, script, all the acting, & cinematography? Meh. Nice song, though."
#OscarsSoWhite It felt like LBJ was the real hero of Selma.
Nicole Goodkind at Yahoo Finance 11 days ago
America is known for its entrepreneurs. The country’s enterprising spirit is what brought us the telephone, the light bulb, the airplane and the personal computer, but it’s also contributed to the creation of some of the wackiest companies in the world. Inc. Magazine’s executive editor, Jon Fine compiled a list of some of these companies and joined Yahoo Finance to discuss the five weirdest businesses in America.
Alibi Network, Chicago
This company runs a website that purports to be a “full service agency providing alibis and excused absences as well as assistance with a variety of sensitive issues.” The Alibi Network provides a virtual hotel service with a 24-hour hotel receptionist, airline, hotel and car rental confirmations, virtual office services and “customized alibis for people involved in discreet relationships.” Complicated alibis range between $750 and $1500. Michael DeMarco, vice president of marketing for Alibi says that about half of the company’s business comes from infidelity and the other from people trying to take time off of work.
Anger Room, Dallas
Nicole Goodkind at Yahoo Finance 12 days ago
Ford Motors sold 2,480,942 cars in 2014, a 0.5% decrease from 2013. The hit came as the company shut down production facilities in Michigan and Missouri to prepare for the new aluminum F-150 pickup truck. Over the same period GM saw a 19% sales increase despite an onslaught of controversial recalls and Chrysler Group reported a 16% increase.
“We haven’t given a sales estimate yet for 2015,” says Fields. “But clearly we’ve had a pretty good year. Even during its last year F-series production it was the best selling truck for the 38 th year in a row and the best selling vehicle in America for 33 years in a row and our intent is to keep that going forward.”
“We always said 2014 was a very important transition year,” says Fields. “We launched 24 global products. We said our revenue was going to be about equal. As we get into 2015 we’re going to get the full benefit of those 24 products plus another 15, so we expect our revenue to grow, we expect our volume to grow and our pretax profit to grow.”
More from Yahoo Finance
Nicole Goodkind at Yahoo Finance 13 days ago
Over the past decade fuel efficiency has been a major focus for car manufacturers. Hybrid, electric and lighter cars were the gold standard of automaker innovation. In the last year, however, there has been a dramatic shift. Crude oil has dropped 60% since its June 2014 peak and the average price of gas is now $2.14, down $1.19 from a year ago. 11 states currently have an average gas price below $2.00 a gallon.
With gas prices at a five-year low, consumers are quickly forgetting about fuel efficiency and once again buying gas-guzzlers. According to the University of Michigan’s Transportation Research Institute, the average fuel economy of a new vehicle purchased in December was 3% lower than it was in August. Pickup trucks and SUVs saw a 17% increase in sales year-over-year while compact fuel-efficient cars saw only an 8.5% increase, according to Kelley Blue Book.
More from Yahoo Finance
Nicole Goodkind at Yahoo Finance 14 days ago
Ford Motors released their latest vehicle, the new Ford (F) GT, at the North American International Auto Show in Detroit, Michigan today to critical praise. The supercar will boast a 600-horsepower, twin turbo engine and will go into production late next year. No price has been announced, but Yahoo Finance’s Rick Newman predicts the car will cost well over $100,000. Previous iterations of the GT have been marked at around $140,000 but have sold at higher premiums due to their scarcity.
The GT is just one of 12 new performance vehicles that Ford has recently added to its lineup. The GT, Focus RS, F-150 Raptor, Shelby GT350 and Shelby GT350R will all be available by 2020.
Ford CEO Mark Fields says he’s using the new GT as a showcase for all the innovation and technology that Ford has put into its vehicles “Things like our EcoBoost engines, light-weighting materials like aluminum and fiber and the overall aerodynamics really highlight all of things, particular things, that have gone into our vehicles for the last few years and will be coming in the future.”
But what demographic is Ford targeting with these expensive, supercars?
Nicole Goodkind at Yahoo Finance 16 days ago
The first full week of 2015 was tumultuous for Wall Street: Stocks fell sharply Monday and Tuesday, followed by a powerful two-day rally, just to cap the week in the red on Friday. Low oil prices will certainly remain on traders' minds next week, but a whole crop of earnings reports and retail sales numbers could shift the focus.
Yahoo Finance Editor-in-Chief Aaron Task partnered with Yahoo Finance’s Jeff Macke, Jennifer Rogers and Senior Columnist Michael Santoli to discuss what investors need to know about the week ahead.
The Commerce Department is set to release the closely-watched December retail sales report on Wednesday, January 14.
“We’re expecting a standard uptick on a seasonal basis which matters for two reasons,” says Macke. “One: it means that the customers are still shopping on that seasonal level and two: it matters because once we get to January and February it is the abyss of nothingness out in those shopping malls. This is the last chance that retailers are going to have to show growth.” Macke is looking for 5% year-over-year growth.