Posts by Nicole Goodkind
Nicole Goodkind at Yahoo Finance 15 days ago
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!
Nicole Goodkind at Yahoo Finance 16 days 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.
Nicole Goodkind at Yahoo Finance 18 days 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.”
Nicole Goodkind at Yahoo Finance 22 days ago
Nicole Goodkind at Yahoo Finance 25 days ago
Whiskey in space
It’s one large gulp for mankind this week as Japanese spirits giant Suntory has announced it’s sending its whiskey into space.
The company will send six samples of whiskey to the International Space Station later this month in order to test the effects of zero gravity on the aging process. It hopes to gain insight into why and exactly how aging spirits mellows flavor. There will be two groups of samples; one will age for 13 months and the next for at least two years. The company will also keep control samples on earth.
Surprisingly, this won’t be the first whiskey in space. Scottish whiskey company Ardbeg, owned by Louis Vuitton Moët Hennessy, sent samples to the Space Station in 2011.
Suntory owns brands like Jim Beam, Maker’s Mark, Pinnacle Vodka and more. It also owns Yamazaki whiskey whose Single Malt Sherry Cask 2013 was voted best whiskey in the world last year.
The whiskey will launch from the Tanegashima Space Center on August 16 th . Unfortunately there are no plans to sell the space-aged product.
Space Oddity and Brandy
This week in weird business news…
Moving out of mom and dad’s house is tough—especially when your mother is Oklahoma Governor Mary Fallin and the property is the Governor's mansion.
Fallin told “The Oklahoman” in an interview that her 28-year old daughter, Christina Fallin, has been living in a trailer behind the mansion since April. This sparked some concerns amongst Oklahomans, with one writing to local news channel KFOR to ask, “Is it true that Mary Fallin’s daughter is living in a trailer on the Governor’s mansion property? That is state property! Who is paying her bills? Oklahoma taxpayers?”
It turns out that the trailer is in violation of state policy. According to the Capitol-Medical Center Improvement Zoning Commission, a trailer cannot be kept on state property and that includes the Governor’s mansion. Christina will vacate the property by Sunday.
The republican Governor also told KFOR that family comes first. "I love my family. My daughter's terrific… if she says, 'Hey, mom, I need some help,' I'm not going to turn her down."
“I don’t think we need a correction,” says David Joy, chief market strategist at Ameriprise. “Quite frankly I think the market is fairly valued right now.” Markets have come down a bit bringing some of the froth out of valuations, he says. Joy believes that investors are currently waiting—they want to see when the Fed will raise rates, and whether the U.S. economy can accelerate fast enough to boost earnings. He expects that there will be mini corrections in the market, but isn’t expecting a big pullback anytime soon. A correction is defined as a pullback of 10% or greater.
In the U.S., bears worry that Chinese contagion will reach U.S. markets. Joy believes there is reason to be concerned to a certain extent. “China is the world’s second largest economy,” he says. “If the Chinese economy is slowing down that will impact us.”
More from Yahoo Finance
At Ford’s (F) material sustainability lab in Dearborn, Michigan you’ll find a hodgepodge of seemingly random junk—shredded money, dandelions, tomato stems and tree pulp. All of these items would typically be headed towards a landfill, but with the help of senior technical lead Deborah Mielewski they’re being turned into car parts instead.
“My job is to replace petroleum-based plastics with plant-based materials and I’ve been at it for about 15 years now,” she explains. Mielewski is currently developing a process to turn dandelion stems into rubber, tomato parts and old money into plastic and algae into foam. She’s already created a soy-based foam that’s used in the seats of a range of Ford vehicles.
Watch the video above to see a tour of the lab.
Nicole Goodkind at Yahoo Finance 1 mth ago
A secret underground laboratory evokes images of mad scientists or multibillion-dollar particle colliders to mind, not sports cars. But Ford (F) went to great lengths to keep its 2016 GT quiet and built just that. In an unassuming basement corner of Ford’s Product Development Center in Dearborn, Mich., is an unmarked door that leads into the design lab, formerly a large storage closet. During the early stages of design, only 25 employees had access to the room and often worked at night or on weekends. They weren’t even allowed to tell their families what had them keeping such odd hours. The project had a codename: Phoenix.
Only 250 models of the 2016 GT will be produced and will be priced to compete against Ferraris and Lamborghinis. While Ford won’t disclose how fast the cars will go, Callum assures that they’ll be “fast enough to lose your driver’s license many times over.” Cars at Le Mans typically go over 200 miles per hour.
Nicole Goodkind at Yahoo Finance 1 mth ago
The minimum wage is going up in a lot of places, such as New York, Los Angeles, San Francisco, Seatlle and Chicago. Some workers will soon earn a starting wage of $15 per hour, more than double the federal minimum of $7.25.
But the sharp boost in the lowest legal wage is largely unprecedented, and some economist are warning of dire consequences. A new study published by the American Action Forum and Manhattan Institute finds that boosting the minimum wage nationwide to $12 or $15 would end up hurting many of the people it aims to help. Yahoo Finance has an exclusive first look at the research, which finds that a Federal minimum wage increase to $15 per hour would cost the economy 6.6 million jobs and that only 6.7% of the extra $105.4 billion in new wages would go to people in poverty.
“If you raise the minimum wage to $15 per hour, 55 million workers will see their wages affected—we looked at what happens after their wages are affected.”