Quantcast
Channel: Features
Viewing all 61683 articles
Browse latest View live

It's 8 Years Since The iPhone Was Unveiled — Look How Terrible The First One Was (AAPL)

$
0
0

Steve Jobs iphone

It's eight years to the day since Steve Jobs first revealed the iPhone to the world.

It was nothing short of a miracle.

Before the iPhone came out, smartphones were clunky devices, half keyboard and half screen.

Full websites didn't run on mobile phones, so companies were forced to build weak, mobile versions of their sites.

The iPhone changed everything.

And yet the iPhone experience we all enjoy today didn't happen overnight. It took years of Apple adding feature upon feature. By today's standards, the original iPhone was a useless brick. 

As a reminder of how far the iPhone has come, we've put together this slideshow on how the first iPhone was pretty crappy.

There's an important lesson here: People tend to quickly judge products on what they can and cannot do, while failing to account for how the product improves over time. As the iPhone shows, it's okay to start with limitations and gradually expand the product over the years.

As speculation mounts ahead of the release of the Apple Watch, it's worth keeping this in mind.

Yes, the original iPhone was a miracle. As a reminder, here's what the competition looked like at the time.



That said, it's fun to look back and see how many really basic features were missing from the first iPhone.



It ran on EDGE, or 2G wireless, which is painfully slow. It's basically dial-up speed.



See the rest of the story at Business Insider

How Oregon's Infamous Football Uniforms Went From Classic To Crazy

$
0
0

Oregon Ducks

With a second trip to the college football championship game in five years, Oregon has established itself as one of the top college football programs in the country.

But to most fans, the Ducks will always be the school that started the trend of wild and wacky uniforms that change seemingly every week.

It wasn't always that way. Before Nike got its grips on the Oregon program, the Ducks wore some of the most classic uniforms in college football. On the next few pages we will take a look at how those uniforms have changed through the years.

In the 1920s, Oregon players wore light-colored leather helmets, possibly white.



Nothing is more classic than the Oregon uniforms worn in the 1958 Rose Bowl, featuring yellow helmets with numbers on the side and white jerseys with shoulder stripes.



In the early 1970s, the Ducks (dark jerseys) were wearing a simple yellow helmet without logos or numbers.



See the rest of the story at Business Insider

Here's How The Longest War In America's History Unfolded

$
0
0

Afghanistan

The US combat mission in Afghanistan officially concluded last week, putting an end to the longest war in American history. 

The 13-year war, known as Operation Enduring Freedom, saw the deaths of 2,356 American soldiers, along with thousands of Taliban and Al Qaeda fighters — as well as Afghan civilians

Roughly 13,000 troops, including 10,000 Americans, will remain in Afghanistan for two years to train and advise Afghan security forces. 

On Sept. 11, 2001, al-Qaeda operatives hijacked four planes and crashed them into the World Trade Center, the Pentagon, and a field in Pennsylvania. Nearly 3,000 people died.



None of the hijackers were Afghan nationals. However, President George W. Bush declared a "war on terror" that targeted al-Qaeda and Osama bin Laden, which received shelter and assistance from the Taliban regime in Afghanistan.

Source: White House Archives



Operation Enduring Freedom launched on Oct. 7, 2001 with a bombing campaign against Taliban forces.

Source: Air Force Historical Support Division



See the rest of the story at Business Insider

Here's A Beautiful Rendering Of Apple's Next Totally-Redesigned MacBook Air

$
0
0

Macbook RenderAgain

Earlier this week, 9to5Mac's Mark Gurman released some new leaked details about Apple's next MacBook Air, slotted to launch later this year. 

Designer Martin Hajek created these beautiful renderings based on those details and descriptions. 

The 12-inch MacBook Air is rumored to be even narrower than the current 11-inch model.



One of the big rumored changes to this year's MacBook Air is that Apple might replace its magnetic MagSafe charging port with a USB Type-C port.



This port would let owners charge but also transfer data.



See the rest of the story at Business Insider

22 Gorgeous Pieces Of Art You Won't Believe Were Drawn On An IPad

$
0
0

Michael Acosta hummingbird

Creating gorgeous art on an iPad requires an immense amount of patience and practice.

These pieces were all hand drawn from scratch using iPad drawing app Paper by FiftyThree. Paper by FiftyThree has a vibrant community of artists working on its platform. Some such as Angela Kalokairinou have created videos documenting how they created their work. 

Artist and designer Michael Rose wrote a long blog post showing how he creates realistic portraits with Paper.

Artist Miki Früh uses finger blending and small thin strokes to create the illusion of waves.



Many iPad artists work off of photographs or images they've seen, many draw from their imagination. Paper by FiftyThree user eichan68 perfectly captures this lion's fur.



Photorealistic iPad art is viewed as extremely taxing and can take days to perfect. Artist Zhang Justin's teacup looks real enough to sip from.



See the rest of the story at Business Insider

The Daily Routines Of 26 Famous Creative People

$
0
0

Sometimes, realizing your full potential is all about making the time.

Podio, an online working platform, created an interactive infographic that outlines the time of day some of the world's greatest thinkers accomplished their creative goals.

Based on academic studies, diary entries, and letters from the likes of Ben Franklin and Maya Angelou, it's a good reminder that structuring your day can be an important factor in your success.

Check it out below.


Want to develop a better work routine? Discover how some of the world's greatest minds organized their days.
Click image to see the interactive version (via Podio).

SEE ALSO: 15 Things Successful People Do On Monday Mornings

DON'T FORGET: Follow Business Insider's Life on Facebook!

Join the conversation about this story »

15 Unbelievable Facts About Russia

$
0
0

russian folk dancing character

Everyone's heard a thing or two about Putin and the USSR.

But few people have heard anecdotes about real life in Russia and the former Soviet Union.

So Business Insider put together a list of stranger-than-fiction facts about Soviet pop stars, military classes in high schools, a lake that could kill you. 

And that's just the beginning.

In the Soviet Union, high-school students had to learn how to assemble and take apart an AK-47 to graduate.

There was a course in school called "начальная военная подготовка" (beginning military training), in which students had to learn how to assemble and take apart an AK-47 under a time limit.

Students also learned how to shoot a rifle and march, several people who attended high school under the Soviet Union told Business Insider.

This was a graduation requirement.



You can go see Vladimir Lenin's actual body today. For real.

You can go check out Lenin's embalmed body from the hours of 10 a.m to 1 p.m. in the Lenin Mausoleum in the Red Square.

(Except on Mondays and Fridays, sorry.)

His body has been on display for 90 years at this point, since 1924.

Source: Moscow.info



A female Russian politician proposed that "each female citizen of Russia will be able to receive by mail the genetic material of the President" to have a baby.

Chairwoman of Parliamentary Commission on Women's Affairs, Children and Family Yelena Borisovna Mizoulina reportedly said:

"The essence of my proposition is simple. Each female citizen of Russia will be able to receive by mail the genetic material of the President, get pregnant from him and have a baby. These mothers will be receiving special allowances from the government."

Source: Trust (Russian), New York Observer (English)



See the rest of the story at Business Insider

TOM LEE: These 8 Stocks Should Thrive When Oil Is Falling And The Dollar Is Rising

$
0
0

Tom Lee

Wall Street's most bullish strategist sees the oil's plunge and the dollar's strength as positives for stocks.

"Of the five 40% declines in oil, the stock market only fell two times—and both were a result of the US being in a recession at the time," Fundstrat's Tom Lee writes of the the history.

"We realize investors are a bit concerned about the negative effects from a surging currency (hurting exports) but consider that strong USD is stimulative for Europe/Asia (trade flows) and also enables US companies to acquire assets cheaply."

Lee identified eight large-cap stocks that he believes should benefit the most in this weak-oil, strong-dollar environment. Each stock has a positive free cash flow yield, and analysts have raised 2015 earnings estimates on them within the last two calendar quarters. All the companies are in the consumer discretionary, consumer staples, healthcare or telecom sectors.

Becton, Dickinson and Co.

Ticker: BDX

Industry: Healthcare 

FCF Yield: 4.2%

2015 Earnings estimate raise18.5%

2015 Expected P/E Ratio: 19.7x

Comment: "For fiscal year 2015, we expect currency-neutral revenue growth of 4.5% to 5% based on our current view of the environment," said CEO Vincent Forlenza during the fourth quarter earnings call. "Of course, we have contemplated a number of factors that could bring us above or below that range including pricing, a stronger or weaker flu season than expected, product launches, emerging market growth, macroeconomic conditions and the impact of the Affordable Care Act."

Source: Fundstrat



Illumina Inc.

Ticker: ILMN

Industry: Biotechnology 

FCF Yield: 1.5%

2015 Earnings estimate raise18.8%

2015 Expected P/E Ratio: 61.4x

Comment: Illumina signed a 15-year lease with BioMed Realty Trust for a 360,000-square-foot facility in Foster City, California in January.

Source: Fundstrat



Zimmer Holdings Inc.

Ticker: ZMH

Industry: Healthcare 

FCF Yield: 3.4%

2015 Earnings estimate raise10.7%

2015 Expected P/E Ratio: 16.3x

Comment: "Zimmer drove solid topline growth across several key product categories and geographies in the third quarter notably, accelerating U.S. knee sales over a strong performance in the prior year," CEO David Dvorak said during the third quarter earnings call.

Source: Fundstrat



See the rest of the story at Business Insider

HOUSE OF THE DAY: Billionaire Ron Burkle Is Selling His Triplex Penthouse In 'Sky Studios' For $37 Million

$
0
0

Broadway Penthouse

The infamous Central Village triplex penthouse at 704 Broadway has just hit the market for $37 million, Curbed reports.  

The massive residence was once an event space called Sky Studios that could be rented for private parties, weddings, Sex and the City episodes, and other glamorous New York events. 

When Billionaire investor Ron Burkle purchased the famous space in 2007 he paid $17 million in cash — he then spent the next two years renovating the place to make it the dreamy loft that it is today.  

The penthouse has three floors, six bedrooms, a rooftop garden, soaring 17-foot-tall ceilings, skylights, and a fully equipped home theater.

Plus, it has heated rooftop pool that has incredible views of the city. 

Raphael De Niro of Douglas Elliman Real Estate has the listing. 

The entire penthouse is filled with elegant details and classic furnishings. The inviting great room is a 19-century style loft space that has cast-iron columns, custom wood-coffered ceilings, and a working 17-century Dutch Tudor fireplace.



The spacious French Country-inspired chef's kitchen has a barrel vaulted exposed brick ceiling and antique blue marble tiles that were recovered from a convent in France.



The Master Suite sits behind a library and hand-carved Moroccan French doors. The room has a basket weave vaulted ceiling, wood paneled walls, and a massive bed.



See the rest of the story at Business Insider

Real Cigar Aficionados Know Cubans Aren't A Big Deal Anymore

$
0
0

cuban cigar

While every minor cigar fan is hooting and hollering about the possible return of Cuban cigars to the US, real cigar experts know the truth: There really isn't all that much to cheer about.

According to Michael Herklots, vice president for retail and brand development for Nat Sherman cigar brand, Cubans are not the greatest in the world anymore.

Too many fantastic cigars have cropped up from other countries around the world, including Honduras, Dominican Republic, and Nicaragua — places Cigar experts flocked to after the US embargoed Cuban exports.

The cigars from these countries are just as good — or even much better — than Cubans, and they've always been available in American markets.

Even industry publications have picked up on this trend. The Washington Post notes that only 3 of the top 25 cigars in the world, as ranked by Cigar Aficionado, were Cubans.

And in the quality control department, Cubans fare even worse. There is a high chance of a few cigars in a Cuban box being "total dogs," according to Herklots. They don't draw properly, are rolled too tightly, or are otherwise made without the care of an artisan craftsman.

"There is certainly a risk in investing in a Cuban product, because you are not guaranteed the best," Herklots says. He hypothesizes that it may be the state ownership of cigar manufacturing and lack of entrepreneurship in Cuba that may be to blame for this quality control problem.

Cuban cigars aren't highly regarded in countries apart from the US, where they've always been available. In fact, in places like Europe, the Middle East and Asia, Cubans are the most common cigar around. It's merely their rarity in the US that excites the US cigar smoker, says Herklots.

"In every hobby, we always want the thing that is hardest to get," Herklots says, noting that the same scarcity phenomenon occurs with small-scale American brands in European countries where they're hard to find.

Cuba's reputation for great cigars isn't unearned, of course. They were a pioneer in cigar manufacturing very early on and, for a long time, Cuban cigars were the undisputed best in the world.

Still, if you really must have the taste of a Cuban-made cigar with 100% Cuban tobacco, there's only one place to get it: Cuba.

SEE ALSO: How To Choose The Perfect Cigar

DON'T FORGET: Follow Business Insider's The Life on Facebook!

Join the conversation about this story »

Visit The Utopian Summer Camp Where There Are No Rules And Almost No Adult Supervision

$
0
0

jennifer_loeber_012 copy

Tucked in the mountains of Massachusetts, the Rowe Center sleep-away camp is every teenager's dream. Each summer, the camp enrolls hundreds of campers between 12 and 18 and affords them nearly unlimited freedom.

From the activities they do to whether or not they go to sleep, teenagers are empowered to make their own decisions and exercise their independence. Adult supervision is practically nonexistent.

Photographer Jennifer Loeber attended the camp during her teenage years and recently went back to document the camp and the many characters who attend. The resulting project is called “Cruel Story of Youth,” which Loeber says refers to the world that the campers must return to after leaving the camp.

Loeber shared a number of photos with us here, but you can check out the rest at her website and follow her on Instagram.

Rowe Camp was founded in 1924 in the Berkshire Mountains of Massachusetts by members of the Unitarian Universalist Church. For 90 years, the camp has sought to make kids of all different types and creeds feel at home. In the 1960s, the camp found its place as a haven for the countercultural, which it has continued to be ever since.



Loeber first visited the camp in the 1980s, when her father enrolled her at the suggestion of a friend who was the camp’s director in the 1970s. Despite Loeber’s protests, she attended the camp that year and continued to attend every summer from 12 to 17. She calls her experience “life-changing."



The camp operates today in nearly the same way it did during Loeber’s time. There is no schedule, no curfew, and minimal adult presence. Campers make up their own schedules and arrange their own activities with other campers, whether that’s going swimming or making arts and crafts. “It’s like ‘Lord of the Flies,’ but not dangerous,” says Loeber.



See the rest of the story at Business Insider

The 15 College Majors With The Highest Starting Salaries

$
0
0

engineering, college, graduationSalary potential shouldn't be the sole thing that attracts you to a major in college; things like passion, interest, and aptitude should also be considered. But it's still nice to know which degrees pay off the fastest.  

Payscale, the creator of the world's largest compensation database, recently looked at the starting pay for millions of professionals and sorted the results by college major.

1. Petroleum Engineering

Median starting pay: $102,300

Median mid-career pay: $176,300

% change from starting to mid-career: +72%



2. Chemical Engineering

Median starting pay: $69,600

Median mid-career pay: $116,700

% change from starting to mid-career: +68%



3. Computer Engineering

Median starting pay: $67,300

Median mid-career pay: $108,600

% change from starting to mid-career: +61%



See the rest of the story at Business Insider

The 12 Coolest New Tourist Attractions In The World

$
0
0

1 eiffel tower glass floor

The year 2015 is all about reimagining old icons in new ways: from Paris to Singapore, architects are transforming existing spaces to the surprise and delight of visitors.

Take, for instance, the Eiffel Tower, or London’s Tower Bridge, both of which have lately been outfitted with impressive new glass floors, providing never-before-seen perspectives of much-loved cities that seem to have been viewed from every possible angle.

Sydney is following the lead of New York City’s High Line elevated park, repurposing its own abandoned railway line into a beautiful new public space. Starchitects are cashing in on this trend in a big way: Thomas Heatherwick embedded staggering glass fixtures into a Victorian-era building in England’s new Bombay Sapphire Distillery, while Renzo Piano improved on Harvard’s existing art museums to create a dazzling new complex for the university.

That’s not to say there’s nothing new-new on the horizon. Gleaming cultural spaces are descending upon cities not previously known for their arts scenes, like Orlando, FL, and Kraków, Poland—in a few years, perhaps we’ll find ourselves mentioning them in the same breath as New York and Paris. Sound far-fetched? Visit the Dr. Phillips Center for the Performing Arts in Orlando and the ICE Kraków Congress Centre before making up your mind.

Even hard-to-impress design connoisseurs will be wowed by some of the outlandish new buildings that have recently opened or are on the verge of completion: The Netherlands's horseshoe-shaped marketplace comes to mind, as does China's Shanghai Tower, poised to become the world's second-tallest building, and Latvia's confounding new national library, the Castle of Light.

Whether you're prone to nostalgia or keep an eye firmly fixed on the future, there are plenty of exciting new attractions to add to your travel wish list.

More from Travel + Leisure:

World's Most-Visited Tourist Attractions

Best Places To See The Northern Lights

World's Most Visited Castles

Most Important Travel Trends of 2015

Eiffel Tower, Paris, France

How do you update a 125-year-old landmark? For the Eiffel Tower, the answer came in the form of a glass floor from the 187-foot-high first-floor level.

Visitors can now be transfixed by not only the city views unfurling all around them, but also those below them—in the latest example of a recent trend that includes the Grand Canyon’s Skywalk and Chicago’s Willis Tower. The first floor’s $38 million renovation includes restaurants, solar panels, shops, and a museum.

But the highlight remains this new see-through floor. So next time you’re at the Eiffel Tower, keep an eye out lest you trip over selfie-takers lying down on the glass.



Goods Line, Sydney, Australia

New York City’s wildly successful High Line elevated park has set off a global chain reaction of inventive urban spaces reclaiming run-down zones.

Case in point: Sydney’s planned corridor from Ultimo (by the also-new Frank Gehry–designed business school at the University of Technology, Sydney) to Darling Harbour. The 800-foot-long North Section, to be revealed first, will feature cafés and a new Mary Ann Street amphitheater for outdoor events.

Look for an early 2015 opening, in conjunction with the unveiling of the Gehry building.



Bombay Sapphire Distillery, Laverstoke, England

What the Guinness Storehouse is to Ireland's favorite stout is what the Thomas Heatherwick-designed Bombay Sapphire Distillery aspires to be for England’s popular gin brand.

The celebrated British starchitect constructed sinuous glass houses that seem to sprout from the walls of the historic paper mill he was tasked to revamp. It’s a whimsically beautiful home for a product that, as some critics point out, is short on heritage (Bombay Sapphire gin only launched only in 1987).

Still, the distillery is sure to be a hit with travelers who may not have otherwise ever discovered the village of Laverstoke.



See the rest of the story at Business Insider

29 Vintage Photos Of San Francisco Before It Became The Center Of The Tech World

$
0
0

SF vintage

As more high-salaried tech workers move into San Francisco, the face of the city continues to evolve.

Photos taken in the 1940s and 1950s by amateur photographer Charles Cushman show a beautiful and diverse city, one that's filled with gorgeous vistas, classic Victorian homes, and people from all walks of life.

The colorful photographs — among the first of their kind — are an amazing glimpse at a San Francisco of the not-so-distant past. 

These photos are being shared with permission from the Indiana University Archives.

Cushman snapped this photo of his car on the Marin County side of the Golden Gate Bridge in 1938, one year after the bridge was completed. Cushman was an early user of Kodachrome, a revolutionary color film developed by Kodak in the 1930s.



Cushman's photos have an extremely bright quality to them. Color film was still in its elementary phases during the majority of his career.



Here, two women pose with the Bay Bridge.



See the rest of the story at Business Insider

28 Times Brands And Celebrities Completely Failed On Twitter

$
0
0

fail whale

Twitter can be a fun place to exchange ideas, opinions, jokes, and news. But as quickly as you can press the Tweet button, you can create a PR disaster.

Just take a look at some of these tweets from celebrities such as Kim Kardashian and Martha Stewart and big name brands like The American Red Cross, KitchenAid, and Urban Outfitters.

Some of these tweets are cringe-worthy, some downright offensive, but they are all among some of the most epic failures ever.

A disgruntled employee assigned to temporarily manage the Marc Jacobs International Twitter account signed off with a series of rants against Robert Duffy, president of Marc Jacobs.



Bill Cosby asked his Twitter followers to meme him, using a meme generator.

 

 



Things didn't quite go as planned. Instead of making jokes about Jell-O pudding and "The Cosby Show," users put Cosby on blast for his sexual-assault allegations.



See the rest of the story at Business Insider

In 6 Slides, Box Shows Investors Why It Thinks It's Worth Billions

$
0
0

Aaron Levie Box Portrait Illustration

On Friday, Box updated its S1 and confirmed that it has launched its roadshow, one of the first steps IPO-bound companies go through to sell its stocks to investors.

Box’s stock offering valued the company at a maximum of $1.5 billion, or just about two-thirds of valuation of $2.4 billion as of last summer. 

The S-1 didn’t have any updated financials, as Box's fiscal year ends later this month. Most importantly, the S-1 is a financial document, and doesn't really address two big hanging questions:

  • Box started its business around online storage, which is becoming a commodity. 
  • Box’s sales and marketing cost is insanely high, and outstripped its revenues until recently.

But in a roadshow video posted on RetailRoadshow, Box’s management team, including CEO Aaron Levie, CFO Dylan Smith, and COO Dan Levin, showed some slides that at least partially answer those concerns.

Since its founding, Box knew the cost of storage was going to decline rapidly. As this slide suggests, storage is the foundation of Box’s business, but it’s only a part of it. Box sees itself as a content platform, where collaboration, workflow, and search all happen together. It has more than 1,300 mobile apps built on top of it, and custom apps built for big enterprise clients like Toyota and Eli Lilly.



Box argues that it is neither a consumer-driven app nor an enterprise solution. Its ease of use is like a consumer app, but its level of functionality and security is like an enterprise app.



Box’s sales and marketing cost, relative to its total revenue, has been declining over the last three years. It took a lot of flak for having spent a whopping 166% of its revenue on sales and marketing in 2013, but that figure is coming down and will seemingly be less than 100% by this year. Box’s revenue is still growing, so this means it doesn’t have to spend as much as it used to to generate sales. But don’t expect Box to be profitable in the foreseeable future: it said it will keep spending to further expand its business.



See the rest of the story at Business Insider

15 Mind-Blowing Facts About Saudi Arabia

$
0
0

saudi arabia students youth school

Saudi Arabia has been front and center the past few months.

The oil-rich kingdom pushed OPEC, the 12-nation oil cartel, to keep oil production up in order to put price pressure on other major oil producers like the Iran, Russia, and the US.

Aside from the oil story, there are many more behind-the-scenes facts about this Middle East powerhouse that many people don't know.

We've got them here.

About 100 camels are sold in the capital of Saudi Arabia every day.

The capital of Saudi Arabia, Riyadh, has a large camel market. About 100 camels are sold every day.

Source: Random History



80% of the labor force in Saudi Arabia is foreign.

Saudi Arabia's labor force is about 8.412 million — but 80% (or about 6 million) of those people are considered nonnational. Most of these people work in the oil and service sectors.

And right now, Riyadh, Saudi Arabia's capital, is working hard to reduce unemployment of Saudis.

Source: CIA Factbook



Saudi Arabia's Ghawar oil field has enough reserves to fill 4,770,897 Olympic swimming pools.

Saudi Arabia's Ghawar field is the largest in the world. It has an estimated 75 billion barrels of oil left.

An Olympic-size swimming pool can hold 660,253.09 gallons of liquid.

Source: US Energy Information Administration



See the rest of the story at Business Insider

The 10 Biggest Risks The World Faces In 2015

$
0
0

greece

Just two years ago, Ian Bremmer, the head of Eurasia Group, said political risk in the developed world was "overstated."

Today, things are a bit different.

"Geopolitics is back,"Bremmer and Cliff Kupchan write in Eurasia Group's annual list of the top risks. "As 2015 begins, political conflict among the world's great powers is in play more than at any time since the end of the Cold War."

Russia, China, the Islamic State (also known as ISIS or ISIL), and the emerging markets are major risks in the coming year, but the biggest one is Europe because of increased political instability, according to Bremmer and Kupchan.

We've put together Bremmer and Kupchan's top 10 risks for 2015, along with key explanations and — bonus — a list of red herrings.

1. The politics of Europe

"Anxiety is again on the rise over Europe's economics, but there is no sense of crisis to force political leaders to work together," Bremmer writes.

Additionally, anti-EU political parties are becoming more popular, while some governments are increasingly growing to resent Germany's dominant influence.

On top of all that, "Russia and ISIS will add to Europe's security worries," Bremmer writes.

Source: Eurasia Group



2. Russia

Although sanctions and lower oil prices have hurt Russia, they haven't pushed Russian President Vladimir Putin to change course in Ukraine. 

As Russia's economy worsens, Putin's popularity will depend on his willingness to confront the West — which makes Western companies and investors "likely targets — on the ground and in cyberspace," Bremmer says.

Source: Eurasia Group



3. The effects of China slowdown

China's President Xi Jinping is shifting the country into a consumer-driven economy, which requires a shift toward lower levels of growth.

The continuing slowdown will most likely "have little impact inside the country," Bremmer writes, but "that's cold comfort for the expanding list of economics that depend on booming trade with a commodity-hungry China."

Source: Eurasia Group



See the rest of the story at Business Insider

These 15 US Cities Are Driving The Future In 2015

$
0
0

tilt plane golden gate san francisco flight

High tech hubs are dominating the US economy, according to new rankings of America's best performing cities by the Milken Institute.

A whopping 8 out of the top 15 best performing cities are local tech hubs — including the top 6.

Most of the rest are beneficiaries of the oil shale boom.

Milken's rankings are based on data from both long- and short-term growth in jobs, wages, salaries, and technological output.

15. Nashville–Davidson–Murfreesboro–Franklin, Tenn.

Wages are growing like crazy in the middle of Tennessee, thanks to renewed demand for new cars — GM and Nissan both have large plants in the area — and a pickup in housing.

It ranked No. 2 among all large US cities in one-year wage growth in 2014. But it slipped 86 places in the all-important tech sector, sending its overall ranking down one spot from last year.

Read the full city profile at Milken »



14. Greeley, Colo.

Oil shale is the driving force behind this mini-boomtown: the nearby Niobrara Shale has created tons of high paying jobs in the area, making this city number two in both one-year and five-year wage growth. Halliburton also opened a facility in nearby Fort Lupton in 2013.

Read the full city profile at Milken »



13. Boulder, Colo.

This small city has the "most diverse high-tech sector in the nation," Milken says. There's a booming startup scene there, plus facilities for tech companies like IBM and Oracle, and Google is opening a huge new office there next year. The real estate market is also doing very well, with prices well above their pre-recession peaks — like a lot of other tech hubs.

Read the full city profile at Milken »



See the rest of the story at Business Insider

GOLDMAN: Here Are The 18 Most Overpriced Stocks In The Market

$
0
0

roachesGoldman Sachs' David Kostin has tame expectations for the stock market. He sees the S&P 500 climbing to 2,100, returning just 4% from current levels.

And in this modest rally, some stocks will be worth selling off before they decline. 

In his latest quarterly chartbook, Kostin includes a list of stocks offering the most downside relative to Goldman Sachs analysts' price targets. We highlight 18 stocks with the most downside.

Pinnacle West Capital

Ticker: PNW

Price as of Dec. 31: $68.31

Downside to target: 19.5%

Comment: Pinnacle West reported net income of $244 million, or $2.20 per diluted share for the third quarter, compared to $226.2 million, or $2.04 per share, in the same period a year ago. 

Source: Goldman Sachs



Kohl's Corp

Ticker: KSS

Price as of Dec. 31: $61.04

Downside to target: 19.7%

Comment: "Upside risks include: increased sales if customers respond favorably to planned incremental promotions and the new loyalty program, better SG&A leverage than expected, more aggressive share repurchases than modeled, and finally, if KSS is able to modify its assortment in order to drive traffic gains," Deutsche Bank's Paul Trussell wrote in an October note. "Downside risks include a weaker reaction to the new marketing strategy and loyalty program, which drives weaker sales and margins."

Source: Goldman Sachs



Campbell Soup

Ticker: CPB

Price as of Dec. 31: $44.00

Downside to target: 20.5%

Comment: Campbell Soup's shares surged Wednesday after a report said it might be acquired by 3G Capital Partners, the Brazilian firm that previously bought  H.J. Heinz Co. and Tim Hortons Inc.

Source: Goldman Sachs



See the rest of the story at Business Insider
Viewing all 61683 articles
Browse latest View live




Latest Images