Posts by Nicole Goodkind
- Daily Ticker7 hrs ago
An 18-year-old New Jersey high school student is suing her parents for throwing her out of their home and refusing to pay for her private high school or college.
Rachel Canning has asked the court to require her parents to pay the remainder of her high school tuition, living expenses, legal expenses and at least some of her college tuition from a designated college fund.
Related: How students can ace the SAT
A New Jersey Supreme Court judge dismissed her case for private school tuition and living expenses but there will be another trial regarding college tuition in April.
In New Jersey, emanicipation does not occur at 18 but instead when a young person obtains an "independent status on his or her own," such as getting married, a job, or graduating from college. The question being tried in court is if a person over 18 decides to move out of the house, do parents still have an obligation to support them financially?
- Daily Ticker9 hrs ago
Gary Shilling, president of A. Gary Shilling and Co., says individuals should stick with a "risk-on" investing strategy because stocks are still a buy. But he warns that are risks that could drag down financial markets and the global economy.
“You have Fed tapering and problems with the emerging markets—we’re really in a world where people are either forgetting reality or they are correctly anticipating that these problems really don’t matter and that the economy is, for the first time in years, actually going to grow more rapidly,” says Shilling in the video above.
Shilling still likes Treasuries (he has been bullish on Treasuries for decades) even though he believes deflation is lurking. He has broadened his portfolio to include defense stocks as a hedge against this deflaton risk.
“You’ve got stocks that are really not supported by fundamentals and...with the uncertainty over Obamacare, with concern about minimum wage and income polarization...I play it defensively," he says.
- Daily Ticker4 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 Ticker5 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 Ticker7 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 Ticker8 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 Ticker12 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).
- Breakout15 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 Ticker18 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 Ticker19 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."