Why The U.S. Government And Big Tech Disagree On Encryption
Encryption takes data like a text message or email and converts it into code to prevent viewers other than the desired recipient from seeing the original message. It’s gotten companies like Apple and Facebook in hot water with the U.S. government for prohibiting the government from accessing that data.
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Why The U.S. Government Is Fighting Facebook Over Encryption
February 21, 2020
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The Rise Of Sourdough
Bread has been a staple in the human diet for thousands of years. But for the last few decades, modern diets have villainized the baked good. According to Nielsen, total bread sales in the United States have been stagnant since 2015, showing little to no growth leading up to 2020. But bread is making a comeback, specifically sourdough bread. Sales of sourdough bread grew about 11.6 percent from 2015 to 2019 to over $325.9 million.
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The Rise Of Sourdough
February 19, 2020
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How The Ultra Rich Are Trying To Live Forever
If you can’t defeat death, what if you could postpone it, or at least postpone the diseases commonly associated with getting old? Many people, especially the ultra-wealthy in Silicon Valley, are investing money into companies trying to answer exactly those questions.
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How The Ultra Rich Are Trying To Live Forever
February 18, 2020
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What A Small Factory Learned From Big Tech
Marvin, a small manufacturer in Minnesota, went on a tour of Silicon Valley for inspiration to improve their factory's everyday experience. Watch to learn more about what this factory learned from Airbnb and Google.
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What A Small Factory Learned From Big Tech
February 17, 2020
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How U.S. Consumers Help Prop Up The World Economy
Consumer spending accounts for nearly 70 percent of economic activity in the United States. And many Wall Street economists feel it’s the US consumer who’s keeping another recession at bay. Here’s how US consumers help keep the global economy afloat.
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How U.S. Consumers Help Prop Up The World Economy
February 16, 2020
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Which Automakers Can Seriously Challenge Tesla?
Several major automakers are making big bets on electric vehicles. A few vehicles have been released so far, but sales indicate any one of them has failed to make a significant dent in Tesla’s share of the EV market. So, who are they? And how much of a chance do they have?
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Which Automakers Can Seriously Challenge Tesla?
February 15, 2020
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How Ford Botched Its Explorer Relaunch
Ford revamped its pioneering and popular Explorer SUV for the 2020 model year. With more than 8 million units sold, the Ford Explorer is one of the best selling SUVs of all time. Moreover, it was long a cash cow for Ford. But the launch was riddled with troubles, sparking worries about a legendary automaker in the midst of tremendous change.
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How Ford Botched Its Explorer Relaunch
February 13, 2020
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What Happened To Papa John’s?
In early 2017, Papa John’s was enjoying steady growth, a high-profile partnership with the NFL and rapid international expansion. But its winning streak didn’t last — by 2018, Papa John’s future looked bleak. North America same-store sales growth plummeted in the 4th quarter of fiscal year 2017, and stayed negative for 6 straight quarters after that. Here’s where Papa John’s went wrong.
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What Happened To Papa John’s?
February 11, 2020
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How Gasification Turns Waste Into Energy
Turning waste into energy has usually meant incineration - that is, burning our trash. But this method has major environmental drawbacks. Gasification could be a better alternative. It’s an old technology that proponents hope to repurpose as a cleaner and more economical waste-to-energy solution, and now a number of companies in this space say they’re on the verge of commercialization and expansion.
We produce over 2 billion tons of waste per year, a number that's expected to grow by 70% by 2050. We've long sought ways to turn all this waste into energy, but this has usually meant incineration - that is, burning our trash - a method that many environmentalists say is far too polluting.
A better solution may lie in gasification, an old technology that advocates are trying to repurpose as a way to deal with our waste. Gasification companies don't burn trash, instead they turn into a synthetic gas, in a process they say is both economical and eco-friendly.
This synthetic gas can then be converted into a wide variety of end products like electricity, diesel fuel, hydrogen fuel, or ethanol, depending on whats most valuable in any given market.
While in the past, gasification companies have struggled to scale-up and meet their energy production targets, now companies like Sierra Energy, Enerkem and Plasco say they're ready to commercialize and expand.
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How Gasification Turns Waste Into Energy
February 09, 2020
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Why Wall Street Traders Are On The Decline
Buying and selling stocks or bonds used to happen on the phone, in person, or in the packed trading pits in Chicago, New York and London. Prestigious investment banks boasted of trading desks the size of football-fields. Now, they’re losing money on trading operations and laying off scores of traders.
The number of trading, sales and research jobs at the Top 12 banks in the United States have dropped precipitously in the last nine years. In 2010, those big banks employed about 21,000 people who worked in equities — or stocks — and 27,800 people who worked with fixed income, or bonds, according to research firm Coalition.
By the third quarter of 2019, those banks employed about 16,000 people in each category, a drop of about 5,400 jobs in equities and nearly 11,600 in bonds.
The shift to electronic trading and passive investing are big culprits behind the trend. Now more and more big Wall Street names are finding it harder and harder to make money from trading. The rise of passive investing and algorithmic trading are squeezing profits in the trading business to razor thin margins. So what’s happening to Wall Street’s once prestigious trading profession?
CORRECTION (February 20, 2020): At 2:55, David Weisberger’s former role at the New York Stock Exchange was mischaracterized. He worked on trading automation on the NYSE floor.
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Why Wall Street Traders Are On The Decline
February 07, 2020
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Why U.S. Hospitals Are Closing
In rural towns across the U.S. hospitals are in crisis. Since 2010, 121 rural hospitals have closed. And, the National Rural Health Association says more than one-third of all rural hospitals in the U.S. are at serious risk of shutting down.
But not all hospitals are losing money. A series of mergers and acquisitions that began in the 1990's has created massive hospital groups. Many of these hospital consortiums are turning huge profits every year by offering high priced services to well insured patients.
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Why U.S. Hospitals Are Closing
February 06, 2020
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How Audi Gave BMW A Run For Its Money
In the 1980s, Audi was a high-end German car brand no one seemed to want to touch. But new designs, and a focus on technology and build quality sent sales skyrocketing and turned Audi into the luxury brand of choice for a generation of buyers. Now it is trying to keep the momentum going.
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How Audi Gave BMW And Mercedes A Run For Their Money
February 05, 2020
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Why The Electoral College Exists
Around 138 million people voted in the 2016 election, but 306 people officially elected the president by using their electoral college votes. Here’s why the Electoral College exists.
The Supreme Court will decide whether Electoral College voters have a constitutional right to cast ballots for candidates who didn’t win their state’s popular vote, the justices announced in an order on Friday.
The justices said they will hear two cases brought by Electoral College voters in Washington state and Colorado who refused to vote for Hillary Clinton in 2016 despite her wins in those states.
Like most states, Washington and Colorado require their electors to follow the will of their states’ voters. But those laws are now being challenged by Electoral College voters who argue that such laws are unconstitutional.
A decision in the matter is expected by the end of June, ahead of the U.S. presidential election in November. The cases are the latest in a string of high-profile disputes the top court is expected to resolve in a contentious election year.
Historically, the faithfulness of Electoral College voters has largely been a formality. In 2016, 10 out of the total 538 electors attempted to cast ballots out of line with their state’s popular vote. But attorneys on both sides of the issue urged the top court to resolve the constitutional question before a crisis emerges.
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Why The Electoral College Exists
February 02, 2020
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Why U.S. Roads And Highways Are So Bad
The roads, highways and bridges across the country are funded, owned and maintained by a complex cluster of different government agencies at the local, state and federal levels. Roads and highways are vital to economic growth and play a key role in American culture. But more than 30% of Americans say the roads in their area are in need of urgent repair.
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Why U.S. Roads And Highways Are So Bad
January 27, 2020
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Why The U.S. And China Fight Over IP
Imagine Nike without the swoosh, McDonald’s with no golden arches, or Apple without the apple. Trademarks and patents can make or break a company. In the U.S. alone, intellectual property-intensive industries contribute trillions of dollars to the economy every year, and IP has become a key battleground between the world’s biggest economic powers, the U.S. and China.
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Why The U.S. And China Fight Over IP
January 25, 2020
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Why Weight Discrimination Persists In The U.S. Workplace
Research suggests that weight discrimination permeates the American workplace. A recent Harvard study examined how biases change over time. Researchers examined data that was collected over nine years and measured implicit and explicit biases. The results suggest that while unconscious bias against race and sexual orientation has decreased over time, implicit bias against high-weight people have increased.
Despite studies showing that these negative attitudes are having an impact on high-weigh people in the workplace, discrimination against them is still legal in 49 states. Michigan is the only state that has passed legislation that makes weight discrimination explicitly illegal.
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Why Weight Discrimination Persists In The U.S. Workplace
January 24, 2020
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How AutoZone Is Holding Off Amazon... For Now
Auto parts retailer AutoZone and its closest competitors are for now fending off competition from e-commerce giants such as Amazon by offering a lot of in-store service, huge inventories, and very tight local supply chains that can deliver parts in a matter of minutes. And investors think AutoZone actually has some growth left in it.
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How AutoZone Is Holding Off Amazon... For Now
January 22, 2020
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Why Big Tech Wants You To Ditch Your Password
The average office worker in the United States must keep track of between 20 to 40 different username and password combinations. With so many passwords to remember, many of us use the same ones over and over, or have a running list of passwords saved somewhere. Passwords are a very serious and expensive security risk. It’s why companies like Microsoft , Apple and Google are trying to reduce our dependence on them. But the question is, can these companies break our bad habits?
Update (January 21, 2020): A website mentioned in this video, WeLeakInfo, was shut down by the Federal Bureau of Investigation and other law enforcement agencies on Friday, Jan. 17, 2020. The site claimed to have more than 12 billion usernames and passwords from more than 10,000 data breaches.
Passwords are a very serious and expensive security risk. A report by Verizon looked at 2,013 confirmed data breaches and found that 29% of those breaches involved the use of stolen credentials.
Another study by the Ponemon Institute and IBM Security found that the average cost of a single data breach in the U.S. was more than $8 million. Even when passwords are not stolen, companies can lose a lot of money trying to reset them.
“Our research has shown that the average fully loaded cost of a help desk call to reset a password is anywhere between $40 or $50 per call,” says Merritt Maxim, vice president and research director at Forrester.
“Generally speaking, a typical employee contacts a help desk somewhere between 6 and 10 times a year on password related issues,” Maxim said. “So if you just do the simple multiplication of six to 10 times, times 50 dollars per call, times number of employees, in your organization, you’re talking significantly hundreds of thousands of dollars or even potentially millions of dollars a year.”
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Why Big Tech Wants You To Ditch Your Password
January 21, 2020
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Why American Eagle Failed In The U.K. (And Why It's Trying Again)
In 2014, American Eagle Outfitters opened three stores in the United Kingdom. Just three years later, the teen retailer abandoned the market. The U.K. fashion market is notoriously tough for international retailers to break into. It's crowded, and U.S. retailers' products are often too expensive. Due to the country's small physical size and high population density, fast shipping is expected.
Retail experts say American Eagle didn't differentiate itself from the competition when it entered the British market.
"You can't just set up shop in another country as if it's your own and do exactly the same thing you would back at home," said Chana Baram, a senior retail analyst at Mintel. "You have to get to know a new customer, even between an American customer and a U.K. customer."
American Eagle doesn't break out international stores in its financial results, so it's not totally clear how the U.K. stores performed. In a March call with analysts, American Eagle's CFO said it had reduced its "loss-making businesses" in Europe.
American Eagle is trying to take on the British fashion market once again. In February 2019, the retailer announced it would expand into Europe through a partnership.
American Eagle did not respond to CNBC's requests for comment.
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Why American Eagle Failed In The U.K. (And Why It's Trying Again)
January 18, 2020
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Can Google Stadia Compete With Video Game Consoles?
Streaming services like Google’s Stadia and Microsoft’s Project xCloud are promising to end the era of console games and discs. But with a limited selection of games and slow adoption, these services have challenges to overcome before they can successfully take on gaming giants.
There are gamers who swear by the benefits of playing in front of a keyboard and mouse on a custom-built PC, while others prefer the convenience and ubiquity of consoles like the Xbox and Playstation. Those console brands, in particular, have become powerhouses in the world of at-home gaming.
Microsoft sold 30 million units of the Xbox One console between its release in November 2013 and the end of 2017, according to IHS Markit. Sony sold 73 million PlayStation 4 consoles that same time period.
But there’s a new player in the game: streaming video game platforms. You could play from anywhere, on any device, any time. And you don’t need to worry about your hardware becoming obsolete.
Google’s Stadia, Microsoft’s Project xCloud, and Nvidia’s GeForce Now make it easy to play top-tier games without a console or PC. The subscription-based services stream video games from high-end gaming machines through the cloud.
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Can Google Stadia Compete With Video Game Consoles?
January 17, 2020
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SpaceX is looking to raise hundreds of millions of dollars in new funds, as Elon Musk’s company heads into a critical year for its three major projects.
The company is seeking to bring in about $250 million at a price of $220 a share, according to people familiar with the financing. The new raise would value SpaceX at around $36 billion, up from $33.3 billion previously.
Last year SpaceX raised $1.33 billion across three funding rounds. It’s one of the most valuable private companies in the world and, with consistently oversubscribed capital raises, SpaceX shares rank as some of the most in demand of any pre-IPO companies as well.
The steady fundraising comes as SpaceX continues development on three important programs: Crew Dragon, Starlink and Starship.
Read more about the projects at the link in bio.
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Market valuations continue to get richer as this bull run nears its 11-year anniversary – and one measure just hit its highest point in 18 years. 💪
As of Wednesday, the S&P 500 traded at 19 times 12-month forward earnings, the highest the P/E level has been since May 23, 2002, according to FactSet. While that is high compared to historical averages, it still sits below the 20-year peak of 24.4 set on March 24, 2000, just before the dotcom bubble burst.
The jump in valuation comes after the large-cap index recently eclipsed a 400% gain since its March 2009 low as the financial crisis was coming to a close.
Full details: Link in bio.
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Investors small and large will tune into Warren Buffett’s much-awaited shareholder letter on Saturday.
And this year, they will be eager to see if Berkshire Hathaway has gotten closer to the huge acquisition that has eluded Buffett over the last several years. Last year, the Oracle of Omaha said that thought he was keen on an eye-popping acquisition, prices were too high to justify a big purchase.
“That disappointing reality means that 2019 will likely see us again expanding our holdings of marketable equities,” Buffett said a year ago. “We continue, nevertheless, to hope for an elephant-sized acquisition.” But since Buffett’s 2019 comments, the S&P 500 has climbed even higher, generating more than 23% in returns.
Buffett’s 2020 letter will let investors know if he views the market as expensive or cheap – and could signal if he’s any closer to deploying his $120 billion cash hoard and stun investors with a glossy new takeover bid.
Full details at the link in bio.
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Small business confidence is nearing all-time highs. 😲
According to a new CNBC/SurveyMonkey survey, business owners are feeling more positive about business, with 56% saying conditions are good and only 7% saying the opposite. Recession fears have also calmed down somewhat, with 49% of businesses saying a recession is likely in the next year, down from 53% this same quarter in 2019.
That’s because business owners are starting to feel less pessimistic about issues like trade – but are entrepreneurs overwhelmingly optimistic? Not quite, says one expert.
“It’s not that everyone is feeling optimistic — things are moving to the middle,” says Laura Wronski, senior research scientist at SurveyMonkey. “There’s now a higher percentage of people who don’t expect any impact from things like changes in trade or tax policy.”
Full details: Link in bio. (With @CNBCMakeIt)
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Mike Bloomberg’s performance in his first Democratic presidential debate was so bad, it may be “the beginning of the end” for his already late-starting campaign, pollster Frank Luntz said.
“He didn’t come across as prepared,” said Luntz, who worked with Bloomberg in 2001.
Bloomberg was attacked on all sides on the debate stage. The harshest words came from Sen. Elizabeth Warren, who said Bloomberg was a “billionaire who calls women ‘fat broads’ and ‘horse-faced lesbians.’” Later, Warren called on Bloomberg to release female employees from nondisclosure agreements. In response, Bloomberg said: “None of them accused me of doing anything other than – maybe they didn’t like a joke I told.”
Luntz said he doesn’t know what the right answer to Warren was, but what Bloomberg said was not it.
Full story on Bloomberg’s debate debacle at the link in bio.
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Is gold becoming a golden investment? ✨
Gold touched its highest level in 7 years on Thursday as investors turn to the so-called safe haven asset amid ongoing concerns that the coronavirus outbreak will dent global growth. The asset rose to $1,621.60 per ounce – the highest it’s been since February, 2013.
A number of firms remain bullish on gold as companies warn about the potential economic impact of the coronavirus. On Wednesday, Citi even raised its 6-to-12 month target on gold to $1,700 per ounce, adding the asset could even top $2,000 in the next 24 months.
Are you planning to invest in gold? Get the full story at the link in bio.
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Morgan Stanley, the investment bank for rich Americans and corporations, is making a play for the masses.
The bank is spending $13 billion to buy discount brokerage pioneer E-Trade in the biggest takeover by a U.S. bank since the financial crisis. The deal represents CEO James Gorman’s move to double down on his all-in bet on the U.S. wealth management industry. Morgan Stanley will get E-Trade’s 5.2 million customer accounts with $360 billion in assets and a leading business that manages corporate stock plans.
That means when the deal is completed (which is expected in Q4), Morgan Stanley will have broadened its franchise with a direct-to-consumer brokerage platform on top of its leading investment bank and army of high-end financial advisers catering to multimillionaires.
Read more details on why Morgan Stanley bought E-Trade at the link in bio.
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Jim Cramer is not impressed by Virgin Galactic. 🤨🚀
He said the rapid climb for the space company’s shares may leave many traders burned and that the company isn’t close to delivering on the promise of space tourism.
“This is what happens when too many people want a stock, round the clock,” Cramer said. “…these things tend to end badly.”
Virgin Galactic stock has more than tripled in the past three months and has become a favorite of traders on several platforms. But Cramer pointed out that no one has been to an extraterrestrial planet yet: “These guys better put someone on Mars like yesterday.”
Details: Link in bio.
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“On one hand, I’m proud what it became, but it also scares me.”
Shel Kaphan, who was Amazon’s first employee after it was founded in 1994, said that he’s concerned about how big the company has grown in recent years. As a key architect of the website, he said he feels some responsibility for the company’s dominance.
That’s why Kaphan says there’s some merit to the idea of breaking up Amazon, given its current size and influence over small businesses’ ability to thrive online.
“I think the characterization of Amazon as a ruthless competitor is true,” Kaphan said. “Under the flag of customer obsession they can do a lot of things which might not be good for people who aren’t their customers.”
Full details at the link in bio.
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When Sen. Bernie Sanders proposed taxing stock trades, he decried the “recklessness of Wall Street billionaires.”
Now, Sanders and other Democratic presidential candidates are leveraging a “financial transaction” tax as a way to fix wealth inequality and fund initiatives like health-care reform.
But there’s one problem: the tax could end up hitting average Americans, too, namely those saving for retirement, future health costs or a child’s college education. Vanguard Group said “everyday savers” will need to work around 2.5 years longer before retiring if a 0.1% transaction tax were imposed.
However, some proponents of the tax say it would benefit society, with the revenue funding plans like Medicare for All, paid family leave, a higher minimum wage and student debt forgiveness.
Full details at the link in bio.
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Move over, Tesla.
Even though Virgin Galactic’s rally began two months ago, trading in the speculative space company has recently accelerated in a way that even tops momentum behind Elon Musk’s EV company. Shares of Virgin Galactic have rocketed in recent days, with the stock up 223% in the last three months.
But the investment could be too good to be true. CNBC’s Jim Cramer warned that Virgin Galactic’s rally “can’t be stopped right now, and these things tend to end badly.”
Do you plan to invest in the space company? Find out why the stock has become so popular at the link in bio.
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Would you buy a $13 box of cereal? 🥣
As General Mills looks to revive cereal sales, the company says it’s bidding to attract health-conscious customers with its $13 Morning Summit cereal (which lists almonds as its first ingredient).
U.S. cereal sales have gone stale in recent years as consumers choose more protein-packed breakfast options or skip the early morning meal entirely. But after several years of declining sales trends, the $8 billion U.S. cereal market’s sales were flat in 2019, according to General Mills’ CEO. Does that mean cereal could make a comeback?
Full details at the link in bio.
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