Elon Musk Boldly Goes Where No Entrepreneur Could Afford to Go Before
Filed under: Technology
On Saturday, Elon Musk will make history. Again. This is the man who:- Invented PayPal (and sold it to eBay (EBAY) for $1.5 billion).
- Looked under the hood of the electric car that General Motors (GM) had just killed, and brought it back to life.
- Launched the first ever private space vessel to orbit the Earth.
- Was the inspiration behind the movie version of Iron Man's billionaire inventor Tony Stark.
Elon Musk Boldly Goes Where No Entrepreneur Could Afford to Go Before originally appeared on DailyFinance.com on 2012-05-18T16:20:00Z.
The Real Facebook Investing Story: How Advisers and Investors Are Using Social Media
Filed under: Facebook, Market News
Investment adviser Mark Matson's firm manages more than $3 billion for thousands of investors, and he's a big believer in coaching those clients in the art of prudent financial planning.But the CEO of Matson Money isn't doing the majority of that advising to people facing him across a mahogany desk or in a wainscoted boardroom at his Mason, Ohio, offices. He's spreading his message on Facebook, Twitter and LiveStream.
Matson is part of a growing trend, one that may make the age-old gripe...
The Real Facebook Investing Story: How Advisers and Investors Are Using Social Media originally appeared on DailyFinance.com on 2012-05-18T15:56:00Z.
Facebook Real-Time Wealth Tracker: What Are the Big Investors' Stakes Worth?
Filed under: Facebook, Market News
The Facebook IPO will make dozens of people rich -- some of them phenomenally so. How big a payday will major Facebook shareholders see? CNBC perused regulatory filings and media sources to determine the major shareholders and the number of shares they own. Check out the list of those shareholders and the amount of their Facebook windfall based on the real-time price of the shares.CLICK OVER TO CNBC'S REAL-TIME WEALTH TRACKER
Facebook Real-Time Wealth Tracker: What Are the Big Investors' Stakes Worth? originally appeared on DailyFinance.com on 2012-05-18T13:10:00Z.
28 Crazy Facts You Didn't Know About Facebook
Filed under: Facebook, Market News
By Matt LynleyFacebook has finally gone public.
It priced its IPO shares at $38, which means the company is worth more than $104 billion. It's already worth more than most of the tech companies publicly traded today -- combined.
But there's a lot you probably don't know about the company and its founder and CEO, Mark Zuckerberg.
While you watch the roller coaster ride of its Friday trading debut, we've assembled a list of facts about the company and its CEO that aren't widely...
28 Crazy Facts You Didn't Know About Facebook originally appeared on DailyFinance.com on 2012-05-18T12:45:00Z.
How I Paid Off $27,000 in Credit Card Debt in Two Years
Filed under: Power of Planning
By Dana Burgess, as told to Gabrielle KarolI live in Graham, Texas, with my husband and three children, who are 17, 14 and 9 years old. I work full-time at a public school as an "intervention" teacher, helping kids who need an extra push academically with reading and math.
When I first started racking up credit card debt, my husband was running two businesses, which we co-owned: a store that sold farm equipment and an auction company. The farm store wasn't doing so well at the time, so a...
How I Paid Off $27,000 in Credit Card Debt in Two Years originally appeared on DailyFinance.com on 2012-05-18T12:25:00Z.
Are ETFs Really Necessary? Pros and Cons of the Investment Craze
Everywhere you look, new exchange-traded funds are popping up. Many people think they're a must-have for a successful portfolio. But even though investors have poured more than $1 trillion into ETFs, the question remains: Do you really need them?
ETFs have come a long way in the past 20 years. With 1993's debut of the SPDR S&P 500 ETF (SPY), investors got their first chance to buy and sell shares of an index fund on the open market throughout the trading day. Slowly but surely, new ETFs...
Are ETFs Really Necessary? Pros and Cons of the Investment Craze originally appeared on DailyFinance.com on 2012-05-18T12:00:00Z.
Despite One Bad Quarter, Don't Discount J.C. Penney's Chances
Filed under: JC Penney, Apple, Target Corp, Retail, Secret Shopper
Nancy Pietschnig wasn't at all excited when she first heard about J.C. Penney's (JCP) plan to ditch most of their hundreds of annual sale events, dump their coupons, and just offer lower prices every day, with only a handful of regularly spaced sales a year. The patient care technician from Lodi, N.J., likes her sales, and her coupons, too.The strategy -- outlined in January by the retailer's new CEO Ron Johnson -- was designed to revive Penney's sluggish business and redefine department...
Despite One Bad Quarter, Don't Discount J.C. Penney's Chances originally appeared on DailyFinance.com on 2012-05-18T10:35:00Z.
Facebook IPO Valuation Sets Record: Is It Really Worth $104 Billion?
Filed under: Market News
As Facebook thunders toward its IPO, the 33 banks tasked with underwriting the offering have been desperately trying to determine how much the social networking website is actually worth. While it is closing in on 900 million users, its rate of growth has slowed and its current advertising model seems to be hitting a snag. Ultimately, the question arises: is Facebook overpriced -- or is it undervalued?At the IPO price of $38 that was announced Thursday evening, Facebook is priced at the top...
Facebook IPO Valuation Sets Record: Is It Really Worth $104 Billion? originally appeared on DailyFinance.com on 2012-05-17T17:00:00Z.
Just Missed Millions: People Who Left Early Jobs At Billion-Dollar Companies
Filed under: People, Personal Finance
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Money Where Your Mouth Is: Economist Explains Why We Eat Like We Do
Filed under: Economy, Books, Food & Drink
With obesity and diabetes at epidemic levels, the experts agree that America's diet is in serious need of reform. Even so, there are times when food criticism seems to wander away from the realm of reasoned analysis in the direction of religion. With reformers such as Morgan Spurlock and Michael Pollan preaching about the morality of high fructose corn syrup and organic produce, it can sometimes seem like American cuisine is caught in a battle between good and evil -- and your plate is the OK...Money Where Your Mouth Is: Economist Explains Why We Eat Like We Do originally appeared on DailyFinance.com on 2012-05-17T15:20:00Z.
This Retailer Just Flat Out Stinks
Filed under: Earnings, JC Penney, Retail
You'll be hard-pressed to find an uglier quarterly report out of the retail sector than what J.C. Penney (JCP) delivered on Tuesday night.
Investors figured that new CEO Ron Johnson's "Fair and Square" pricing strategy wouldn't be a hit right away, but no one assumed that the recently remodeled department store chain would be this earnings season's biggest disaster.
It was.
- Sales plunged 20%, dragged down by a shocking 18.9% drop in comparable store sales. In other words, the average...
This Retailer Just Flat Out Stinks originally appeared on DailyFinance.com on 2012-05-17T13:35:00Z.
Bargain Shopping Simplified: Is This App the Answer?
Filed under: Technology, Saving Money, Shopping
Comparison shopping is an art to some and an obsession to others. But getting the best price in one way can come at a cost in others -- in the gas you burn while driving to reach that great sale, for example, or the time it may take you to travel from one grocery store to the next to cherry-pick each one's weekly sale items, or the hours spent scouring the Internet for bargains.NetPlenish, a startup based in Ventura, Calif., aims to help you minimize those hidden costs.
Its app sorts...
Bargain Shopping Simplified: Is This App the Answer? originally appeared on DailyFinance.com on 2012-05-17T12:50:00Z.
Groupon Is Going to Be a TV Star
Filed under: Technology, Media, Entertainment
The leading daily deals website is ready for its prime-time close-up.
CBS (CBS) is picking up Friend Me, a sitcom about two friends who move to Los Angeles to work for Groupon (GRPN).
CBS has yet to reveal where it's slotting the shows that it's been picking up for the upcoming fall season, though this seems like a no-brainer to pair up with The Big Bang Theory. It could be an hour of nerds and geeks if CBS positions the series correctly.
Friend Me stars Christopher Mintz-Plasse, the actor...
Groupon Is Going to Be a TV Star originally appeared on DailyFinance.com on 2012-05-17T12:46:00Z.
China's Economic Slowdown Foreshadows Trouble for the U.S.
Industrial activity is down. Retail spending and investment are down. Trade is weaker than expected.
We're talking about China -- the world's once seemingly unstoppable economy. According to official government data released by China last Friday, the turbocharged engine of Asia is starting to sputter and slow down.
Like it or not, the U.S. is inextricably linked to China's success, failure, or stagnation. It's an uneasy relationship, at best.
An Uneasy Alliance
During the Cold War, we...
China's Economic Slowdown Foreshadows Trouble for the U.S. originally appeared on DailyFinance.com on 2012-05-17T12:25:00Z.
How to Save Money at the Movie Theater
Filed under: Saving Money
By Cameron HuddlestonMy family has a Friday night tradition: dinner and a movie. No, we don't go to a restaurant then the theater. We make the kids dinner and let them eat it while watching a DVD or movie that we download from a video-streaming service. If we were to actually go out, the cost of movie tickets alone for four of us would be enough to buy two DVDs (which we could watch again and again).
Watching a movie at the theater can be a real budget buster. But it's fun to occasionally...
How to Save Money at the Movie Theater originally appeared on DailyFinance.com on 2012-05-17T05:15:00Z.
Think Your Mortgage Refi Rate is Great? IBM Pays Less Than 1%
Great rates, no doubt -- but IBM (IBM) has got them all beat.
Last week, IBM floated its latest round of "record-low interest rate" debt, selling...
Think Your Mortgage Refi Rate is Great? IBM Pays Less Than 1% originally appeared on DailyFinance.com on 2012-05-16T15:35:00Z.
Weird-Mart: Tales of the Bizarre from the Walmart Aisles
Filed under: Wal-Mart Stores, Features, Secret Shopper
A 47-year-old man was bitten by a rattlesnake in the outdoor garden department of a Walmart (WMT) store in Lewiston, Idaho, this week. The rattlesnake latched onto the man's hand, prompting him to scream, shake the snake loose, and then stomp it to death.A peculiar incident, yes, but hardly the first odd thing to occur at one of the retailer's 3,878 U.S. locations: Strange things seem to happen in Walmart stores all the time.
True, Walmart is the nation's biggest retailer, which gives it...
Weird-Mart: Tales of the Bizarre from the Walmart Aisles originally appeared on DailyFinance.com on 2012-05-16T15:15:00Z.
Solid Reasons for the Unbanked to Shun Chase's New 'Liquid Card'
Unveiled last week, Liquid is touted as "a reloadable card that offers customers financial control and flexibility with the convenience of Chase's extensive branch and ATM network." Co-branded with Visa (V), Liquid can be used much like a credit or debit card to withdraw cash from ATMs, pay for purchases in stores and online, and even pay the electric...
Solid Reasons for the Unbanked to Shun Chase's New 'Liquid Card' originally appeared on DailyFinance.com on 2012-05-16T14:40:00Z.
GM Had 1,999 Reasons to Crash Facebook's IPO Party
Filed under: Technology, Facebook, General Motors
General Motors (GM) really knows how to time an exit.
The automaker has announced that it will no longer advertise on Facebook, just days before the social networking giant is set to go public.
GM doesn't have a beef with the content on Facebook. It's just not satisfied with the effectiveness of the paid ads that it's been placing on the wildly popular website.
Maybe that's not a surprise: When's the last time you clicked on a Facebook ad?
Search marketing manager WordStream compared the...
GM Had 1,999 Reasons to Crash Facebook's IPO Party originally appeared on DailyFinance.com on 2012-05-16T14:15:00Z.
JCPenney's Ron Johnson: 'Customers Don't Get Our Pricing Strategy'
Filed under: Earnings, JC Penney, Retail
By Aimee GrothOn Tuesday, JCPenney CEO Ron Johnson presented on the company's Q1 earnings and its ongoing strategy in New York City. This was right after the company announced that it missed sales expectations by 15%.
He said that its turnaround has been tougher than anticipated but the "transformation is ahead of schedule."
One big problem is that customers don't get the new pricing strategy, which it started rolling out in February. A lot hinges on this.
"Our marketing isn't doing the...
JCPenney's Ron Johnson: 'Customers Don't Get Our Pricing Strategy' originally appeared on DailyFinance.com on 2012-05-16T10:35:00Z.