Posts by Nicole Goodkind
- Nicole Goodkind at Daily Ticker3 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 Ticker4 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 Ticker5 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 Ticker6 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 Ticker9 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 Breakout10 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 Ticker11 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
- Nicole Goodkind at Breakout12 days ago
Don’t call it a comeback but since reaching lows last week gold has been on the rebound.
Weak jobs numbers, rising tensions between Russia and Ukraine, the European Central Bank indicating it may not recur to more stimulus, and the Iraqi Central Bank’s recent gold grab are all contributors to the rising price of the yellow metal which was up 1% Tuesday morning.
Breakout’s Jeff Macke sat down with Frank Holmes, CEO and Chief Investment Officer of U.S. Global Investors to discuss where gold is going and how to play it.
Physical demand for gold is immense in Asia, says Holmes. “Gold is leaving North America going to Switzerland, being melted down into smaller wafers and being sold to China, at a rate of 200 tons so far this year.”
China’s affinity for gold feeds what Holmes calls the “love trade,” raising prices.
Meanwhile, the “fear trade,” is coming into play with concern over the Federal Reserve’s policies and low jobs numbers.
“Last year inflation fell from 1.7% down to 1.2% and now it’s pushing back up against 1.7%,” says Holmes.
- Nicole Goodkind at Daily Ticker16 days ago
Just one week after being named CEO of Mozilla, Brendan Eich has resigned. Eich came under fire for backing Proposition 8, legislation that banned gay marriage in California. He donated $1,000 in 2008 in support of the measure, which California voters approved. Eich stated that his personal views would not get in the way of running the tech company but staff members, users and even OKCupid still protested his new role, prompting him to resign.
Related: How Gay Marriage Impacts the Economy
In a statement released Thursday, the web browser’s executive chairwoman Mitchell Baker wrote, "Mozilla prides itself on being held to a different standard and, this past week, we didn’t live up to it. We know why people are hurt and angry, and they are right: it’s because we haven’t stayed true to ourselves."
Were Eich’s personal views so egregious that he was unable to lead the company?
- Nicole Goodkind at Daily Ticker18 days ago
Bill White, former mayor of Houston, believes that our country has veered way off course with our federal debt.
“For 90% of our country’s history, we only borrowed for extraordinary purposes…to wage war, plug holes during severe downturns or to acquire territory,” says White in the video above. He argues that borrowing money to keep the government functioning normally is deceitful and goes against the “fiscal constitution” that our forefathers created.
“The founding fathers realized that there might be a temptation to use debt to disguise the routine operating expenses of government and taxes are the price that allow consumers to figure out what government costs them,” explains White.