SWB today: Millennials, bit coins, dog cafes and more

 THE SERIOUS & fUN SIDE OF BUSINESS

 

BALTIMORE, MD - JANUARY 13: Millennials enjoy a cafe operating out of Miller's Point, a retrofitted factory in the Remington-Charles Village neighborhood, on January 13, 2015 in Baltimore, Maryland. Charmington's, a worker-owned and collectively run cafe, uses locally, organically grown ingredients in the food. The building was a cane factory and is now filled with apartments and office space for nonprofits - helping to uplift the semi rough neighborhood. Baltimore is a draw for millennials who want to live in close-in, hip, urban neighborhoods. The city has a vibrant nightlife, great architecture and a relatively low cost of living and has earned the nickname Charm City. (Photo by Melanie Stetson Freeman/The Christian Science Monitor via Getty Images)

 FEATURE: MILLENNIALS AND MONEY MONDAY

 

11 APRIL, 2016 MONDAY

 


EARNINGS SEASON IS HERE: Your full preview of this week’s big economic events

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THE SERIOUS SIDE


STOCK MARKET CLOSE

BOND MARKET CLOSE
Treasury Bills, Notes and Bonds
Most recent issues
Maturity % yield Change
3-month 0.234% +0.003
6-month 0.3402% +0.0022
2-year 0.70% –0.0041
5-year 1.15% –0.0063
10-year 1.72% –0.0053
30-year 2.55% –0.0068

MARKET COMMENTARY

First-Quarter Earnings in Focus in Week Ahead

The reporting season will kick off in earnest on Monday afternoon when unofficial bell-ringer Alcoa (AAGet Report) reports after the close of trading. Uncertainty over how major companies fared over the quarter kept bulls on the sidelines and pushed bears to sell.

“As we start to kick into earnings season there’s going to be anxiety,” Matt Kaufler, portfolio manager at Federated Investors, told TheStreet. “There’s a general skepticism that [earnings] are perhaps steady but they’ll be unenthusiastic. Steady but uninspiring.”

The early prognosis on companies’ quarterly performances doesn’t look good. S&P 500 earnings are expected to fall 7.9% in the first quarter, their third straight quarter in decline and their worst losing streak since mid-2009. Excluding the energy sector, earnings are forecast to fall 3.6%. Only three S&P 500 sectors are expected to have positive earnings growth: consumer discretionary, telecommunications, and health care.

Read more from The Street


STOCKS IN THE NEWS

Major banks will kick off their reporting season with JPMorgan (JPMGet Report) on Wednesday morning. Bank of America (BACGet Report) , BlackRock (BLKGet Report) , PNC Financial (PNCGet Report) and Wells Fargo (WFC) will report on Thursday morning, while Citigroup (C) is scheduled for Friday.

Other key earnings reports next week include Fastenal (FAST) and Perry Ellis (PERY) on Tuesday morning, railroad operator CSX (CSX) on Tuesday afternoon, homewares retailer Pier 1 Imports (PIR) on Wednesday afternoon, and Delta Air Lines (DAL) on Thursday morning.

Read more from The Street


HEADLINE BUZZ

Wall Street Journal

Railroads Hope to Get Earnings Back on Track


New York Times

Billing by Millionths of Pennies, Cloud Computing’s Giants Take In Billions


Bloomberg Business

Leading businesses take stand against states’ new anti-LGBT laws


International Business Times

Average US Gas Prices Rose 8 Cents In Three Weeks: Lundberg


The Guardian

Leading businesses take stand against states’ new anti-LGBT laws


The Telegraph 

China not to blame for UK’s steel crisis, says ambassadorST


INVESTING EDUCATION

Will Hedge Funds Be Around in 10 Years?


THE fUN SIDE 


LEARN

How To Buy Bitcoins: Is ‘Digital Gold’ Worth The Investment?

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Bitcoins, virtual gold coins emblazoned with the letter B, look like the currency of video game aficionados and computer science graduates rather than a legitimate medium of exchange. But for those who are paying attention, bitcoin is beginning to look increasingly attractive as a financial tool and as an investment.

Today, people investing in bitcoin are doing so in a speculative nature. This is for sure a high-risk, potentially high-rewarding investment,”

Read more from IBT


EARN

Why Millennials Would Take a $7,600 Pay Cut For a New Job

BALTIMORE, MD - JANUARY 13: Millennials enjoy a cafe operating out of Miller's Point, a retrofitted factory in the Remington-Charles Village neighborhood, on January 13, 2015 in Baltimore, Maryland. Charmington's, a worker-owned and collectively run cafe, uses locally, organically grown ingredients in the food. The building was a cane factory and is now filled with apartments and office space for nonprofits - helping to uplift the semi rough neighborhood. Baltimore is a draw for millennials who want to live in close-in, hip, urban neighborhoods. The city has a vibrant nightlife, great architecture and a relatively low cost of living and has earned the nickname Charm City. (Photo by Melanie Stetson Freeman/The Christian Science Monitor via Getty Images)

Nearly half of everyone’s favorite age-group to talk about—that would be millennials—are open to changing jobs in the next two years, even if they are happy at work.

It matters so much that, according to a new study by Fidelity, millennials would take an average pay cut of $7,600 if they could improve their career development, find more purposeful work, better work-life balance, or a better company culture.

Read more from Fortune


LEAD

Here’s How Nike Became a Platform Business

The Nike FuelBand SE on the wrist of a young man. Nike is reportedly axing its Fuelband, for other evolving digital priorities

Platform businesses are disrupting the traditional business landscape in a number of ways—not only by displacing some of the world’s biggest firms, but also by transforming familiar business processes like value creation and consumer behavior and altering the structure of major industries.

Read more from Fortune


CREATE

Move over cat cafes, this dog cafe is all kinds of cute

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Pine no more, America, your first dog cafe has arrived.

With the opening of The Dog Cafe LA Thursday, the first of its kind in the U.S., according to the owners, coffee sippers can now grab a few puppy kisses along with their lattes.

The brightly-colored cafe is home to about a dozen dogs of all sizes and ages rescued from shelters around Los Angeles, all of whom are available for adoption

Read more from Mashable 


DIGITAL

How you can stay ahead of the digital marketing curve in 2016

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Technology is driving what marketers can do and will be expected to do, and that trend will only continue to grow as touch-points become more diverse through enhanced mobility and the Internet of Things. As a result, it’s never been more important to be informed, and never more dangerous to be even one year behind the curve.

Read more from Mashable


READ

Change Your Habits, Change Your Life: Strategies that Transformed 177 Average People into Self-Made Millionaires

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Change Your Habits, Change Your Life is the follow-up to Tom Corley’s bestselling book Rich Habits. Thanks to his extensive research of the habits of self-made millionaires, Corley has identified the habits that helped transform ordinary individuals into self-made millionaires


FEATURE: MILLENNIAL MONDAY


Value Investing Redefined: The Surprising Ways Millennials Are Changing Investing

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There does seem to be one investment option that has captured the attention of younger investors: exchange traded funds (ETFs). After cash, ETFs are the most common investment held by millennials, comprising 41 percent of their portfolios, compared to 21 percent among all investors, according to a recent Schwab study.

“ETFs are far more in line with the millennial lifestyle and mindset. They’re used to getting their news in real time on Twitter. That same mentality carries over into how they view the rest of the world, financial markets included,” Staudt said.

Read more from IBT


Millennials And The Wealth Gap: What To Do When Your Friends Are Richer Than You

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In recent years, sisters Tiffany Belk (left) and Lauren Hodgkins (right) have tread lightly across an income gap that now divides them.

Wealth inequality among millennials is more pronounced than in any other American generation.

For a select few millennials, career paths are already paved with gold. One-third of Americans who earn over $500,000 a year are under the age of 35, according to market research firm FutureCast. They exist in an income bracket dominated by lawyers, executives, engineers and entrepreneurs.

Still, the vast majority of millennials, 90 percent, make less than $60,000 a year. Slower wage growth is part of the problem, particularly among those with a bachelor’s degree or less.

Read more from IBT


 Generation Y, Curling or Maybe: what the world calls millennials

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In Sweden they are called the Curling Generation, as parents sweep their paths free of obstacles. Illustration: Janne Iivonen

They are Generation Curling in Sweden, Generation Serious in Norway, and even Generation John Paul II in Poland. The Chinese call them ken lao zu, or “the generation that eats the old”, and the Japanese have a term scolding them for not giving undivided attention to anything: nagara-zoku, “the people who are always doing two things at once”.

More prosaically, in the US they are called millennials and in the UK and Australia they go by Generation Y. Around the world there is no shortage of descriptive epithets for those born between 1980 and the mid-1990s.

Read more from The Guardian


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