Morgan Korn

  • Like
Blogger

Morgan Korn is a video producer and blogger for The Daily Ticker on Yahoo! Finance. She previously worked at CNBC, The Huffington Post, Conde Nast and MTV. Morgan received a master's degree in public policy at Columbia University. She studied broadcast journalism and business as an undergraduate at Syracuse University.

Blog Posts by Morgan Korn

  • The new Alfa Romeo is a beauty, but it needs more than good looks

    Alfa Romeo will soon officially return to the U.S. market after a 19-year absence. Car enthusiasts can see the luxury brand's 4C sports car up close at the New York International Auto Show, which runs through April 27. The Italian automaker became famous with American drivers when Dustin Hoffman drove the sporty Spider in the baby-boomer coming-of-age film "The Graduate" in 1967.

    The 237-horsepower, turbo-charged 4C coupe will have tough competition, including racers such as the Audi TT, Porsche Cayman, BMW Z4 and Mercedes-Benz SLK.

    Related: Why luxury brands are booming, even though the economy is not

    The 4C will hit Fiat dealerships across the country starting in late June or early July. The "Launch Edition" will be limited to 500 models with a sticker price in the $70,000 range. The standard 4C model that comes later will be priced near $54,000. Only 800 to 900 units will be available for sale in the U.S., according to Justin Hyde, managing editor at Yahoo Autos.

    "Fiat needs a

    Read More »from The new Alfa Romeo is a beauty, but it needs more than good looks
  • Emotionally driven selloff leaves scars

    Monday's stock market rally may have convinced investors that the carnage is over but "scars still remain" from last week's big selloff, says The Daily Ticker's Aaron Task. Monday's rally helped the major indices erase some recent losses but they're still down for the month and year.

    Related: Stocks rally but this bull sees more pain ahead

    "This selloff is largely emotion driven," explains Yahoo's Jeff Macke in the video above. "Investors have to manage their emotions."

    Related: The market is rigged: Here's how not to be a victim

    Ukraine's crackdown on pro-Russian separatists, China's slowing economy and other geopolitical concerns are priced in to the market and cannot be blamed for the dramatic drop in momentum stocks, notes Macke.

    "Ukraine is a sideshow," he adds. "What's happening with the Nasdaq has nothing to do with what's happening with Putin."

    Related: America's "secret" economic weapon: Can it contain Putin?

    The Reformed Broker's Josh Brown says odds of a market crash are

    Read More »from Emotionally driven selloff leaves scars
  • David Winters, CEO of Wintergreen Advisers, won't back down from his battle with the world's largest soda maker. Winters has openly criticized Coca-Cola's (KO) proposed 2014 equity compensation plan, calling it "potentially highly dilutive to shareholders"..."unnecessary"..."unsupported by any strategic rationale" and "a bad precedent for corporate America." And that's not all.

    In a March 21 letter to Coca-Cola's board of directors, Winters characterizes the proposal as an "outrageous grab" and an “excessive transfer of wealth” from Coca‐Cola shareholders to the company’s senior management.

    Winters accuses Coca-Cola of not adequately disclosing its equity plan in proxy materials. Wintergreen Advisers, which owns about 2.8 million shares of Coca-Cola, will ask board members to withdraw the proposal at the company's April 23 shareholder meeting. Calvert Investments and The Ontario Teachers’ Pension Fund announced this week that they will vote against the compensation plan; Calvert also

    Read More »from Coke's compensation plan is "outrageous" and "excessive": Wintergreen's David Winters
  • The real reason IPOs are missing expectations

    The list of companies going public keeps growing. Sixteen companies are expected to begin trading publicly just this week, making it the busiest week for IPOs since 2007. But are there signs investors are souring on IPOs?

    Some of this year's highest profile IPOs -- namely King Digital (KING), parent company of the extremely popular game Candy Crush -- flopped with investors. King Digital stock is down 19% from its offering price. An ETF that tracks the performance of new IPOs has dropped about 2% this year, and some recent IPOs have priced at the low end of their target range.

    Ally Financial (ALLY), the former financing arm of General Motors (GM), debuted Thursday on the NYSE at $24.25 a share -- 3% lower than its IPO price. Ally is the largest IPO so far in 2014 after the Treasury Department sold 95 million shares, raising $2.38 billion in the deal. Hotel chain La Quinta (LQ) raised a lower than expected $650 million in its IPO this week, reports Bloomberg's Leslie Picker.

    In an

    Read More »from The real reason IPOs are missing expectations
  • How to become more successful--by working less

    Good news: There's a way to work fewer hours and be more productive. Take Denmark for instance. Its 5.6 million people work no more than 37 hours a week, have six weeks of paid vacation (plus an additional 12 paid national holidays) and new parents are given a year's paid leave to care for their newborn. The Nordic country also prides itself on equity in the workplace and even has a government bigwig called the Minister for Gender Equality.

    A slacker nation? Hardly. Even though Danes work fewer hours than Americans and take more vacations, Denmark is one of the world's most productive nations. Its economy is one of the most competitive in the world, with little income inequality and a very low unemployment rate. Not surprisingly, Denmark ranks as the happiest nation in the world according to the United Nation's World Happiness Report.

    Can Americans be more like Danes? Brigid Schulte, a staff writer at The Washington Post, traveled there to find out and research her new book

    Read More »from How to become more successful--by working less
  • Is your ATM at risk of being hacked?

    As of April 8 Microsoft (MSFT) will officially end support for Windows XP. The tech giant will no longer provide security updates or technical assistance for the 12-year-old operating system and holdouts are being encouraged to migrate to Windows 8.1.

    Related: Some hints of progress but no giant leaps for Microsoft this week

    Upgrading a personal computer to a modern operating system may be relatively pain-free, but will the process go as smoothly for 95% of the world's ATM machines that currently run on the XP platform? Furthermore, does Microsoft's decision mean ATMs are more vulnerable to hacking?

    Consumers do not have to hide their money under a bed mattress, says Yahoo Finance tech reporter Aaron Pressman. Banks already have security features in place to protect the money in ATMs, he argues, and Windows XP was never the most secure operating system in the first place. Some big banks like J.P. Morgan (JPM) have paid Microsoft for an extra year of technical support as they switch to

    Read More »from Is your ATM at risk of being hacked?
  • Republicans vote to change Obamacare, just as it hits a milestone

    More than seven million Americans signed up for health insurance by April 1, a milestone even the Obama Administration did not think was achievable a few weeks ago. The Affordable Care Act law, better known as Obamacare, requires that all Americans enroll in a healthcare plan or pay a financial penalty.

    Related: Obamacare squeaks by with a passing grade—but could still fail

    Even though the law was passed by Congress four years ago and upheld by the Supreme Court in 2012, Republicans remain eager to repeal President Obama's signature domestic policy. GOP leaders are making the health care law the core argument in this year's midterm elections, putting Democrats who supported Obamacare on the defensive. Repealing Obamacare seems like a whimsical quest, since Democrats control the Senate and wouldn't go along, and Obama would veto any repeal that passed Congress anyway. Six efforts by Republican lawmakers to repeal Obamacare have failed.

    A new effort to modify the ACA is more modest. A

    Read More »from Republicans vote to change Obamacare, just as it hits a milestone
  • Even as U.S. markets flirt with new highs, Stocktwits Chairman Howard Lindzon has only 40% of his portfolio invested in stocks. But this conservative approach can't be attributed to concerns about a market bubble: "We're as far away from a bubble as possible," he says in the video above.

    Related: Stocks are "radically" overvalued: Henry Blodget

    Lindzon believes there are pockets of "silliness" right now and chooses to invest in stocks that he can "explain to his children," including Charles Schwab (SCHW), Interactive Brokers (IBKR) and robot maker iRobot (IRBT).

    "There’s enough good companies to own," he declares. "I am bullish on stocks."

    He's avoided some of the sectors that have risen just as sharply as they have fallen -- namely biotechs -- and explains that a "stealth" rotation has been happening -- investors are moving away from momentum stocks to previously unloved sectors like banks.

    Related: Growth vs. Value: Has the worm turned?

    He admits that this market may seem

    Read More »from Market has "pockets of silliness" but is "far away from a bubble": Howard Lindzon
  • President Barack Obama won't make a final decision on the last phase of the Keystone XL pipeline for months, but Bill White, former deputy energy secretary, tells The Daily Ticker that it "ought to be built."

    "We've seen an explosion of pipeline development in the last five years," he explains in the video above. "Pipeline transportation is a lot safer than rail or tanker transportation."

    Related: Clean coal: "A terrible idea whose time has come," WIRED's Mann says

    If approved, the proposed 1,179-mile pipeline would transport heavy crude oil from Hardisty, Alta., and extend south to Steele City, Neb., according to TransCanada (TRP), the Canadian oil giant spearheading the pipeline's construction. The southern portion of the pipeline, which runs from Cushing, Okla., to Port Arthur, Tex., has already begun shipping oil. TransCanada executives say it would take nearly two years for the northern leg to be built.

    The U.S. State Department released a long-awaited report in January that said

    Read More »from Keystone’s importance has been exaggerated by both foes and supporters: Bill White
  • How to get more out of your life by doing less

    Are you living an "essentialist" life? Most people aren't. Greg McKeown, author of the new book Essentialism: The Disciplined Pursuit of Less (available for sale April 15) describes essentialism as "living by design, not by default."

    The basic idea, as McKeown details in the video above, is to reduce or eliminate commitments to things that aren't really necessary.

    "We've been sold this idea that we ought to be supermen and superwomen who sleep four hours a night and can just fit it all in," McKeown says. "We've been oversold the value of more and undersold the value of less."

    The most effective way to embrace less is to say no more often -- to bosses, colleagues, spouses and even our kids. Of course, that's easier said than done, and while people may agree with your overall goal, they may push back when you say no to them.

    Still, most people today take on too many responsibilities -- at work, at home, with friends -- and the more time devoted to "non-essential" activities, the less

    Read More »from How to get more out of your life by doing less
  • Mary Barra’s strong leadership will lead GM beyond recall drama

    General Motors (GM) notified customers and federal regulators of a faulty ignition switch in early February. The recall has been linked to 13 deaths and includes 2.6 million vehicles: 2005-2007 Chevrolet Cobalt and Pontiac G5, 2003-2007 Saturn Ion, 2006-2007 Chevrolet HHR, 2005-2006 Pontiac Pursuit (Canada), 2006-2007 Pontiac Solstice and 2007 Saturn Sky. The defective switch can suddenly shut off, causing cars to lose power and deactivate air bags.

    The Detroit automaker was aware of the defect for a decade and a report released Sunday by a House subcommittee has determined that the government agency in charge of auto safety was briefed about the faulty switch in 2007. Moreover, Delphi, maker of the faulty switch, warned GM executives that the ignition switch did not meet specifications.

    The National Highway Traffic Safety Association addressed the House report in a statement:

    "As we have stated previously, the agency reviewed data from a number of source in 2007, but the data we had

    Read More »from Mary Barra’s strong leadership will lead GM beyond recall drama
  • Stocks are "radically" overvalued: Henry Blodget

    Is the five-year-old bull market over? That question seems to be on the minds of nearly every investor and market strategist as major U.S. averages have stalled in 2014 while momentum stocks such as Facebook (FB), Twitter (TWTR) and biotechs show signs of weakness. The Daily Ticker's Henry Blodget warned investors in January that a stock market crash could be coming and he reiterates that call in the accompanying video.

    Long-term valuation measures suggest "stocks are radically overvalued," he says. "The higher we go the more scared I get. We're looking at a decade of very crappy performance."

    Related: 'Stay invested, markets are going higher' says David Kotok

    Blodget declared that both stocks and bonds are priced to have "the worst-long performance in history," in a Business Insider column published Tuesday. He tells The Daily Ticker's Aaron Task that stocks could go higher -- even double --  from current trading levels but "at some point we're going to revert to long-term means."

    Read More »from Stocks are "radically" overvalued: Henry Blodget
  • The case against owning a home

    Are you house hunting? Home prices have been rising but are far off from their pre-housing bubble peak. Mortgage rates are also climbing -- they've increased 1 percentage point since touching record lows a year ago -- yet buyers can still borrow at super low rates of 4.37%, which is the average rate for a 30-year mortgage loan according to Freddie Mac.

    Related: Fannie and Freddie tumble on "idiotic proposal" to wind down GSEs

    There are many well-known positives of being a homeowner, such as laying down roots in a neighborhood, customizing the property to your liking, and, in theory at least, investing in long-term price appreciation.

    [Click here to check home loan rates in your area.]

    But James Altucher, investor, author and entrepreneur, argues that owning a home could be one of the biggest financial mistakes to make: "It is never, ever a good idea to buy a house," he says in the video above.

    Related: ARMs are back! Reverse mortgages too! Is this housing bubble 2.0?

    What's Altucher's

    Read More »from The case against owning a home
  • More proof that the rich are getting richer and the poor, poorer

    The rich are getting even richer.

    The top 1% control 46% of the world’s assets -- and 86% of global wealth is owned by the richest 10%. Yet two-thirds of the world’s adults have wealth of less than $10,000. These numbers, compiled by Swiss bank Credit Suisse in its latest World Wealth Report, underscores that income inequality has become an international crisis. Credit Suisse also expects there will be a billion millionaires and 11 trillionaires within two generations. "Billionaires will be commonplace," note the report's authors.

    Related: Top Secrets of Penny-Pinching Billionaires: Warren Buffett Has Company

    There are nearly 2 million new millionaires this year compared to 2012, the majority of which are living in the U.S. A recovery in the housing market and a bull market for stocks helped the U.S. post its fifth consecutive year of increases in personal wealth.

    Related: U.S. Economy Poised for Liftoff, Sonders Says: Pray Pols Don’t Blow It

    Millionaires are experiencing even better

    Read More »from More proof that the rich are getting richer and the poor, poorer
  • New Jersey Beach Communities Crushed By Sandy But Officials Vow to Recover

    Superstorm Sandy fled the East Coast as quickly as she arrived but her presence will linger for years to come. For the 5,900 year-round residents in Belmar, N.J, a beach community about 90 minutes south of New York City, Sandy destroyed their homes, their beach and their 20-block boardwalk. Six pumps are still working 24 hours a day to push the neck-deep salt water back into the ocean. Chunks of boardwalk have been floating along the flooded streets for days. Residents' yards and rooftops are still littered with storm debris and sand. The boardwalk shops and cafes that sold daily beach passes, ice cream and cold drinks just three months ago have been washed away with the waves, barely leaving a trace of their existence.

    On Friday residents were trying to resume a modicum of normalcy even as they continued to remove refuse and flotsam from their homes. Getting around town the past few days has involved jet skiing, boating or kayaking — fun water activities in the summer but now the only

    Read More »from New Jersey Beach Communities Crushed By Sandy But Officials Vow to Recover
  • Why I’m Boycotting Halloween This Year: First Person

    On Oct. 31, ghosts, zombies, comic book heroes, princesses and vampires will be ringing doorbells across the country, shouting, "Trick or Treat!" They'll eagerly wave their Halloween buckets, drooling in anticipation of the sugary, cavity (and obesity) causing candy that will be dropped into their eager hands. But this time, at my house, there won't be a Snickers bar or a Reese's Peanut Butter Cup waiting for them.

    Piperlime store opening, New York City

    No, there will no Halloween fare at my house this year -- not even a bag of pretzels or the unloved Tootsie Roll (TR) or the even more unloved apple. As I have patiently waited for the little ones to come to my door over the years, I have asked myself: Why am I giving candy out? Have I become brainwashed by Mars and Hershey (HSY) to believe the only acceptable way to spend this evening is to hand candy out to local children, many of whom I don't even know? Why do I feel pangs of guilt and daunting fear that I'll run out of Halloween goodies? Why does society force this

    Read More »from Why I’m Boycotting Halloween This Year: First Person
  • The reason behind Apple's wild success (and its one major failure)

    Apple hit two major milestones this month: the stock traded above $500 a share for the first time and the company's market cap exceeded $500 billion, a feat accomplished by only a select few corporations.

    There's talk that shares of Apple have the potential to top $1,000 in the next few years, including by its co-founder Steve Wozniak. "Apple has that much growth left," Wozniak said in a CNBC interview Thursday.

        MORE RELATED TO THIS STORY  
                Big “surprise” in “world’s most admired” firms 
                —Fortune’s 20 Best U.S. employers
                —5 things that Apple is worth more than  

    The technology giant will continue to make headlines next week at its San Francisco product event, where announcements of an iPad 3 and updates to the Apple TV are expected.

    Apple's inimitable success can be attributed to former founder and CEO Steve Jobs' relationship with Apple's partners, says Ron Adner, author of "The Wide Lens: A New Strategy for Innovation" and strategy professor at

    Read More »from The reason behind Apple's wild success (and its one major failure)