Posts by Nicole Goodkind
- Nicole Goodkind at Yahoo Finance2 days ago
Nike makes more than 10 times the revenue of Under Armour but the brands still frequently find themselves squabbling over endorsement deals and sponsorships.
When NBA player Kevin Durant’s contract with Nike was set to expire, Under Armour flew in and topped Nike’s $200 million re-endorsement deal. Nike eventually won out with a $350 million offer but Under Armour CEO Kevin told Bloomberg reporters, “ Do I take pleasure in that they [Nike] paid $150 million more than they planned on paying? Absolutely.”
Plank reportedly refuses to even say the word 'Nike' and recently opened an Under Armour office in Portland, Oregon—just a skip away from Nike’s headquarters.
- Nicole Goodkind at Yahoo Finance3 days ago
On September 18 th Scotland will vote on whether or not to leave the United Kingdom and break a union that has lasted over 300 years. While it long seemed as though an independent Scotland was only a pipedream, recent polls have shown that a ‘yes’ vote is actually somewhat likely—the ‘no’ to Scottish independence vote is now winning by only 4% (it was up by as much as 11% on August 25 th ).
Update: A YouGov poll released overnight Friday showed the independence movement losing a bit of momentum with 52% of respondents saying they'll vote "no" for independence and 48% saying they'll vote "yes." Still, the vote is too close to call and a lot closer than many expected just a few weeks ago.
- Nicole Goodkind at Yahoo Finance5 days ago
3D printing has long been considered a novelty item for consumers and a useful tool for architects and engineers—but we’re on the brink of a revolution says MakerBot CEO Bre Pettis.
“I see this as an adventure as big as personal computing,” he says. “We’re just at the beginning of 3D printing…I think the next big milestone will be when someone knows someone with a 3D printer so they have access.”
3D printing is now being used to save lives; Pettis tells the story of 14-month-old Roland Lian Cung Bawi, who was born with major heart defects that would kill him if left untreated. His surgeon created a 3D print of his heart using a MakerBot. The model allowed him to cut out many exploratory surgeries and finish the actual operation more quickly—something that traditional 2D models were unable to do.
- Nicole Goodkind at Yahoo Finance9 days ago
Update: Alibaba announced Friday afternoon that it's IPO price range will be between $60 and $66 per share .
It's been a busy first week of September. The ECB cut rates, employment numbers fell short of expectations and cyber security was threatened once more with hacks affecting Apple and Home Depot. Hold on to your iClouds, it’s time to hear what the biggest stories in the business and finance world will be next week.
Yahoo Finance editor-in-chief Aaron Task, Rick Newman and Jeff Macke join Lauren Lyster to discuss.
Treasury Secretary Jack Lew will speak Monday on tax reform and inversions. His talk will offer clues to the White House’s tax reform plan and will set the tone for Congressional action.
“I don’t think it’s just going to be a speech saying ‘shame on you, you unpatriotic companies'," says Rick Newman. “We’re looking for something specific about what the Treasury Department might do and then some discussion in Congress about whether they might pass some kind of law.”
Given Congress’ track record, it seems more likely that there will be executive action by President Barack Obama, says Newman.
- Nicole Goodkind at Yahoo Finance10 days ago
Note: Bre Pettis, co-founder and CEO of MakerBot is stepping down from his position to run the new “Innovation Workshop” at Stratasys. In a statement, Stratasys CEO David Reis writes, “Bre Pettis will be transitioning from the day-to-day activities of management to a position with Stratasys where he will be able to influence and direct the vision of MakerBot and Stratasys; he will also be a member of the MakerBot Board of Directors.” Last week, Yahoo Finance sat down with Pettis to discuss the future of MakerBot and 3D printing.
For all the game-changing potential 3D printing may have, the road from concept to desktop printer was not as complicated for the founders of one company as it sounds.
“Before MakerBot we just wanted a 3D printer but we couldn’t afford one,” says Bre Pettis, co-founder and CEO of 3D printing company MakerBot Industries. “They were really expensive and they were the size of refrigerators so we did what any good tinkerer or hacker type does, we just made one. And when it worked, we thought everybody should have one of these, and we started MakerBot.”
- Nicole Goodkind at Yahoo Finance12 days ago
Coconut Water has jumped from relative obscurity to a health-drink powerhouse in the last seven years, going from close to $0 in sales in 2004 to over $400 million in 2013.
While soda and non-fresh juice sales are slipping, sales of all waters (including fitness and plant-based waters) have grown 7% since 2013 and produce section beverages have jumped 13% since 2013, according to Nielsen.
Now, other plant-based drinks, like maple water, want a piece of the pie. Made from the sap of maple trees (which is often then boiled down to become maple syrup), maple water has long been known as a health-concoction in South Korea. Companies like Vertical (in partnership with Cornell University), DRINKmaple, Oviva and HappyTree are all available nationally and are fighting to establish themselves as THE maple water company.
Ari Tolwin, the co-founder of HappyTree and a former McKinsey consultant, was visiting his brother, a farmer in upstate New York, when he first tried maple water straight from the tree. After searching online and finding that there wasn’t much about the product he quit his job to start selling the stuff.
- Nicole Goodkind at Yahoo Finance16 days ago
This weekend marks the unofficial end of summer, which means the warm, lazy days of August are over (though the S&P crossing 2,000 and economic growth of 4.2% hardly warrant the use of ‘lazy’). It’s time to breathe some fresh autumn air into your portfolio, and Yahoo Finance’s Aaron Task, Jeff Macke and Rick Newman are here to preview some of what you should be looking out for.
Light vehicle sales are released at 2pm on Wednesday, September 3 rd . “We could see a little bit of a dip here,” says Rick Newman. “Auto sales have been a real high point for the economy; they’ve been the main thing holding up consumer spending and indications are they could fall back just a little bit for August.”
Even a slight dip in auto sales matters because it indicates retail sales could also be disappointing.
If auto sales remain strong, says Newman, it will be because automakers are ramping up discounts. “They’re kind of getting back to that old market where they had to find slick ways to move the metal.”
Back to School
- Nicole Goodkind at Yahoo Finance18 days ago
It seems as though we can't go a week without another report of an American company merging with a foreign business in order to relocate their headquarters and avoid the nominal U.S. tax rate of 40%. The latest is Burger King’s merger with Canadian brand Tim Hortons in an $11 million deal that will move Burger King's business operations to Canada, where the corporate tax rate is only 26%.
Congressman Paul Ryan (R-Wis.), 2012 Vice Presidential candidate and author of “The Way Forward: Renewing The American Idea” joined Yahoo Global Correspondent Bianna Golodryga to weigh in. Congressman Ryan has long called for a comprehensive tax reform bill, but with midterm elections coming up, any serious reform seems at least six-months off. With this in mind, many politicians have called for a temporary solution or ban on inversions all together.
“The problem with those so-called solutions is that all they would do is make it more likely that American companies would be ripe for takeover by foreign corporations,” says Ryan. “There’s really no shortcut to the real answer which is tax reform.”
- Nicole Goodkind at Yahoo Finance19 days ago
Advertisers have access to what you do online — targeted ads come from your emails, web searches, and the websites you visit. But your photos have been largely off limits — until now. A company called Ditto is now scanning photos posted to social media sites like Facebook, Twitter and Instagram for branded products and selling that information to companies and advertisers.
“We train algorithms to find mostly brands that are in photos: the drinks that people are holding, the brands that people are wearing, handbags and other things that appear frequently in photos,” says David Rose, CEO of Ditto. “Those are very interesting to companies that sell the product because they can see how the product is actually being used in the wild.”
The primary use of Ditto so far is what Rose calls “digital ethnography,” or using photos to help brands see how their products are used and with what other products they’re used with. “For example, if somebody’s holding a Red Bull what are they wearing?" says Rose.
Tumblr (which Yahoo is the parent company of) recently inked a partnership with Ditto to allow the company to analyze all 130 million photos shared daily on the website.
- Nicole Goodkind at Yahoo Finance19 days ago
Home price growth continues to slow, according to today’s S&P/Case-Shiller index.
According to the index, home growth rates grew 6.2% nationwide for the 12-month period ending in June, much lower than the double-digit gains seen last year. The S&P/Case-Shiller composite index of 20 major cities through the U.S. increased 8.1% over the same period, down from a 9.4% in May and below economists' expectations of 8.4%.
Home prices appear to be moderating but that’s good news says Shari Olefson, CEO of The Carnegie Group. “Those big increases that we saw last year were not sustainable and in general we’re still seeing an upward trend when you look at the big picture,” she says.
Still, it’s not all roses for Olefson. “What I wasn’t happy with are some of the trends we’re seeing in new construction," she notes.