Latest Blogposts

  • Apple CEO Tim Cook
    Apple CEO Tim Cook

    Earnings season is in full swing with Apple (AAPL), Alphabet (GOOGL), (AMZN), Exxon Mobil  (XOM) and Caterpillar (CAT) among big names scheduled to announce Q3 results this week. Hopefully, we’ll get a better sense of whether corporate America’s earnings and revenue recessions are coming to an end.

    Markets, however, remain focused on the US presidential election, now less three weeks away. Wednesday’s third and final presidential debate took control of the broader news cycle. The economy was generally under-discussed throughout the debates — and, frankly, the whole election cycle. Rick Newman’s column out Thursday gives the definitive overview of how both candidates missed the mark on this issue: Both Trump and Clinton are living in the past.

    In the week ahead, Apple will highlight the heavy earnings flow expected to cross the tape. We’ll also get the first reading on third-quarter GDP next Friday.

    Week In review: Housing, Netflix, and wages on the rise

    Read More »from WEEK AHEAD: Apple, Alphabet, and America on deck

    By Kevin Mahn, CIO, Hennion & Walsh Asset Management

    Did the Market Already Forget About Brexit?

    Markets raced downward following the surprising vote by Great Britain to leave the European Union (EU) on June 23, 2016.  A lot of the trading activity that took place was attributed to traders reversing their positions following the “leave” vote, which came in after believing that Great Britain was going to vote to “stay” within the EU — a position that then Prime Minister David Cameron was championing.

    However, since the proximate days following this historic vote, the markets have essentially shrugged off this event, making us believe that the market may have already forgotten about Brexit. This would be a mistake in our view, as this vote will likely have both short and long term implications on worldwide stock markets as well as the economies of Great Britain and the eurozone as a whole.

    From an investment viewpoint, trade and economic growth are at the heart of the potential

    Read More »from Why the Brexit still matters to every investor
  • Jeff Bezos
    Jeff Bezos

    What’s the endgame for a business? Is it to enrich investors? Is it to crush competitors? Is it to maximize profits?

    For insiders, high stock prices, crippled competition, and fat profits sound great. But for outsiders, including customers and clients of those businesses, none of those ends are very comforting. Indeed, unsavory incentives encourage corporate misbehavior. Consider the recent scandal plaguing Wells Fargo (WFC), where employees were pressured to sell customers products that they didn’t want or need.

    A business ceases to be without customers. So it’s critical for businesses to telegraph to their customers that they’re not in the business of screwing people.

    In recent weeks, we’ve heard Warren Buffett, Jamie Dimon and Jeff Bezos talk about managing their businesses. Respectively, they’re the CEOs of Berkshire Hathaway (BRK-A, BRK-B), JPMorgan Chase (JPM) and (AMZN). These are three very different companies, but all are regarded highly and all are worth

    Read More »from Jeff Bezos, Jamie Dimon, Warren Buffett agree on the No. 1 priority for business
  • Credit: Roman Harald/Flickr
    Credit: Roman Harald/Flickr

    By Fred Schmalz, Kellogg School of Management

    This article was based on the research of Carter Cast.

    Most organizations have employees who are solid performers; fewer organizations are astute—or lucky—enough to have superstars.

    So how can you ensure that your organization gets the most out of those superstars?

    High-potential performers (or Hi-Pos) stand out due to their associative thinking skills—which help solve problems and drive innovation—their strong emotional awareness, and their incredible perseverance, according to Carter Cast, a clinical professor of innovation and entrepreneurship at the Kellogg School and former CEO of, a division of Walmart (WMT).

    When your team lands a superstar-in-the-making, nurturing these traits is critical if you want that superstar to flourish. And tailoring a career plan gives high-flyers challenge enough to stick around.

    “With high-potential high performers, it’s important to put your arm around them and say,

    Read More »from Former CEO explains how to nurture star employees
  • survivalist tent
    Are you ready?

    Most people can go a day without the Internet. But what about a month? Or longer?

    It’s something most of us never think about, because the Internet is always there, like the water that comes out of the tap or the lights that flick on when we hit a switch. But maybe we should think about it, and pay alert attention to the sporadic Internet outage that hit many parts of the country on October 21.

    Unknown hackers bombarding one key node of the Internet’s backbone were able to disrupt huge sites such as Twitter, Netflix, SoundCloud, the New York Times and many others, in an attack that began on the East Coast but spread throughout the United States. The FBI and Dept. of Homeland Security are investigating, suggesting that the U.S. government sees the disruption as a national-security threat posed by an unseen enemy, possibly backed by Russia or China.

    Temporarily losing access to online movies, music, shopping or social media sites is an inconvenience. Nothing more. But the

    Read More »from You’re not even remotely ready for a big Internet outage
  • Dominos (DPZ)—the global pizza chain with over 13,000 stores in over 80 markets—is knocking it out of the park.

    The company posted 13% domestic same-store sales in its latest quarter, significantly above restaurant peers and even Yum Brand’s (YUM) Pizza Hut, which clocked in a negative same-store sales number in its latest quarter.

    The secret sauce?

    Other than the company’s new recipe rolled out in 2010, in one word: technology.

    Digital Dominos

    “We got into it early,” said CEO Patrick Doyle. “We decided this was clearly the place where our customers were going. We started investing heavily 6, 8 years ago now on our digital platform.”

    In its latest quarter, 55% of Domino’s sales were digital, well ahead of the 20% for the restaurant industry, according to Bloomberg.

    Doyle said a big part of the company’s success is “early investment.” And he added the company hasn’t stopped. “We got ahead of the curve there. But then we’ve kept investing.”

    For example, the company just rolled out

    Read More »from Dominos CEO: We got ahead of the curve in technology
  • AT&T has announced an $85 billion deal to acquire Time Warner. Source: AFP/Archivos, SAUL LOEB, STAN HONDA
    AT&T has announced an $85 billion deal to acquire Time Warner. Source: AFP/Archivos, SAUL LOEB, STAN HONDA

    AT&T (T) has announced its plan to acquire Time Warner (TWX) for $85.4 billion. But the road to an acquisition may not be smooth due to potential anti-trust concerns over what amounts to one of the largest transactions ever conducted by a telecommunications company to acquire content.

    “The FCC and DOJ have historically highlighted concern that the vertical integration of content owners (in this case Warner Bros., Turner, and HBO) with distribution platforms (DirecTV/AT&T) may result in harmful effects for consumers,” Credit Suisse analyst Omar Sheikh pointed out.

    One of the more recent notable examples? The joint venture between Comcast (CMCSA) and NBC Universal, which was initially announced in December 2009. Although the Department of Justice Antitrust Division and the Federal Communications ultimately approved the joint venture in January 2011, the FCC pined over a number of

    Read More »from At best, the AT&T-Time Warner deal faces a lengthy anti-trust review
  • David Rosenberg
    David Rosenberg

    by Real Vision TV

    Emerging Markets Point to Global Growth Surprise on Upside

    Despite his deep seated concerns for US growth, popular Canadian economist David Rosenberg is more optimistic for the global growth outlook, which he thinks could surprise on the upside, based on the turnaround stories in emerging markets and a fiscal stimulus out of Germany.

    In an interview with Real Vision TV, Rosenberg welcomed the realization, even among central banks, that policy has really hit the limits, saying it’s time for something new, with fiscal policy able to pick up the baton.

    “There are some interesting things happening right now overseas in Southeast Asia, even parts of Latin America, and in India,” Rosenberg said. “And I think that actually when you do a bottom-up approach towards your global GDP growth forecast, say, for the next year, the next two years, it’s probably going to be higher, not lower. And the question is going to be, how much higher? And then will it be

    Read More »from ROSENBERG: Emerging markets are about to surprise the world in a good way
  • How Google is remaking the mobile web

    Google AMP
    Google’s AMP initiative will speed up mobile websites across the internet.

    If you’re reading this story on your phone, you may be confused about just where on the web you’ve gone. The banner at the top of the page reads “Yahoo Finance”—but the address above it probably starts with “”

    Google has not, in fact, taken over Yahoo. But it is trying to fix a basic problem with the mobile web: sluggish performance — at the cost of some confusion and concern among readers as well as writers.

    Article, meet AMP

    Last year, Google set out to craft a faster, lighter way to publish stories on the mobile web. The answer, developed with the help of news publishers and advertisers, was a stripped-down, open-source format called AMP, short for Accelerated Mobile Pages.

    AMP sweeps many of the traditional components of a web page off the table, dumping things like media embeds, interactive scripts and ad-tracking code for the sake of speed. AMP pages load content selectively, skipping bits that

    Read More »from How Google is remaking the mobile web
  • Review: ‘Skylanders: Imaginators’ has plenty of character, if you can afford it

    “Skylanders Imaginators” lets you design and create your own figures.

    My toddler can’t remember their real names, but he’s already got a few favorite Skylanders. Tomato Guy (Food Fight), Horn Guy (Tree Rex) and Scary Car (Crypt Crusher) are currently in vogue, but he’ll play with any of the figures if given the chance.

    That’s because the “toys” part of Activision’s toys-to-life juggernaut are pretty awesome. Unlike Disney Infinity (R.I.P.), every Skylander was created out of thin air. No licensing, no lore, no movie tie-ins. These monsters have to stand on their own, and thanks to an incredibly gifted design team, most of them do.

    The downside is that following the “Skylanders” franchise costs a small fortune. New toys are required to unlock sections of the adventure packed in each associated “Skylanders” game. It’s a racket, for sure, and one that has paid off handsomely for its publisher.

    This year, though, Activision and developer Toys for Bob made a curious decision to make the

    Read More »from Review: ‘Skylanders: Imaginators’ has plenty of character, if you can afford it
  • Here’s how the 4 top virtual reality systems stack up

    The HTC Vive
    The HTC Vive in action.

    Sony’s PlayStation VR has finally hit the market, joining Facebook’s (FB) Oculus VR, HTC and Valve’s Vive and Samsung’s Gear VR as the first in-home virtual reality systems you can buy. The PSVR, which costs $400 ($500 if you get the bundle including the PlayStation Camera and two Move motion controllers), connects to any of the nearly 40 million PlayStation 4s already in consumers’ hands and is one of the least expensive options available.

    Of the four headsets, the best option for most consumers is still Samsung’s Gear VR. It’s less expensive than its competitors and offers a variety of quality virtual reality experiences.

    But if you’re looking for something that will actually pull you into the world of VR, you’ll want to check out one of the other three options on our list. That said, here’s how the best VR systems compare.

    Oculus Rift

    Let’s kick things off with one of the biggest names in virtual reality: Facebook’s Oculus Rift. The

    Read More »from Here’s how the 4 top virtual reality systems stack up
  • This election could crush the US consumer by rolling back free trade

    Delegates against the Trans-Pacific Partnership protest at the Democratic National Convention in Philadelphia, Pennsylvania, U.S. July 25, 2016. REUTERS/Gary Cameron

    This is an op-ed by Hugo Uyterhoeven, the Timken Professor of Business Administration Emeritus at Harvard Business School.

    The admonition “Don’t cut off your nose to spite your face” has been around since the Middle Ages. It’s folk wisdom: Don’t act against your own interests, even if it’s momentarily satisfying.

    I’ve never more clearly witnessed people ignoring this advice than in the anti-free trade, pro-protectionism camps in this election. Protectionism is a pillar of Donald Trump’s campaign; it also runs strong in the Sanders/Warren wing of the Democratic Party; and even Hillary Clinton has backed away from the Trans-Pacific Partnership, a global trade deal that has the backing of the Obama administration.

    As with many substantive issues in this election, the discussion about free trade and protectionism has been

    Read More »from This election could crush the US consumer by rolling back free trade
  • Congress takes a huge step toward legalizing sports betting in America

    Ever since NBA commissioner Adam Silver wrote a passionate New York Times op-ed in 2014 in favor of legalizing sports betting, those with skin in the game have hoped for progress in repealing the federal laws that restrict sports betting. In August, New York Governor Andrew Cuomo signed a bill that legalizes and protects daily fantasy sports contests, which some state attorneys general have called illegal gambling. And the American Gaming Association, the primary lobbying group for casinos and gaming companies, has ramped up its efforts to repeal PASPA, the 1992 federal law that banned sports gambling in most states.

    Now there is a major sign that change is coming.

    ESPN reports that a congressional committee is in the process of reviewing the three biggest federal gambling laws, with the aim of drafting new legislation “that also will address daily fantasy sports and other forms of gaming.”

    The politician leading the charge is US Rep. Frank Pallone of New Jersey, who tells ESPN the

    Read More »from Congress takes a huge step toward legalizing sports betting in America
  • Salesforce CEO Marc Benioff
    Salesforce CEO Marc Benioff discussed diversity in the workplace on Friday at The Grace Hopper Celebration of Women in Computing, held this year in Houston, Tex.

    When it comes to the sensitive topic of diversity in tech, Salesforce (CRM) CEO Marc Benioff has some choice words for his counterparts at other companies: Don’t be afraid.

    At the Grace Hopper Celebration for Women in Computing, an annual conference held this year in Houston, Texas, the 52-year-old chief executive contended one of the largest reasons the gender pay gap remains at many businesses is that their CEOs are in fact too afraid to “push the button” and discover what women employees make compared to their male colleagues.

    “I think in a lot of cases, they’re afraid,” Benioff explained during his keynote on Friday. “There’s a wave of a fear. They don’t want to know if there’s a discrepancy. We have to take away that fear and we have to find out what the answer is.”

    Benioff has been a longstanding advocate of diversity

    Read More »from Salesforce boss: CEOs are afraid to know how much their female employees make
  • Review: Beautiful Battlefield 1 gives the War to End All Wars its due respect

    Battlefield 1 main image
    “Battlefield 1” offers an engrossing campaign and fantastic multiplayer.

    World War I was the “War to End All Wars.” But as EA’s “Battlefield 1” points out in its opening scenes, the conflict that spanned continents and killed millions ended nothing.

    Available today for PS4, Xbox One and PC, “Battlefield 1” is a refreshing take on the military first-person shooter genre. The game puts you in the shoes of soldiers who, contrary to their protein shake-guzzling, testosterone-packed bro-y counterparts in other franchises, are genuinely terrified to be fighting in a war. In other words, they act like normal people.

    And then there’s the game’s multiplayer, where up to 64 players fight across fully destructible maps complete with colossal zeppelins and pitched battles for inches of dirt.

    “Battlefield” isn’t perfect though. There are still a handful of flaws. So should you look past them and sign up?

    Life during wartime

    Full disclosure: I’ve been a fan of the “Battlefield” franchise for some

    Read More »from Review: Beautiful Battlefield 1 gives the War to End All Wars its due respect


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