THE SERIOUS & fUN SIDE OF BUSINESS
FEATURE: TECH TUESDAY
5 MARCH, 2016 TUESDAY
The biggest data leak in history
WeWork’s apartments of the future are officially open
THE SERIOUS SIDE
STOCK MARKET CLOSE
DJIA 17737.00 -55.75 0.31%
Nasdaq 4891.80 -22.75 0.46%
S&P 500 2066.13 -6.65 0.32%
Gold 1217.40 -6.10 0.50%
Crude Oil 35.53 -1.26 3.42%
CBOE Volatility 14.12 +1.02 7.79%
BOND MARKET CLOSE
|Most recent issues|
Fed Worries, Crude Oil Team Up to Beat Down Wall Street
Renewed worries over the Federal Reserve’s rate hike plans and another selloff in crude oil prices teamed up to beat down Wall Street in a sour start to the week.
The S&P 500 fell 0.32%, the Dow Jones Industrial Average was down 0.31%, and the Nasdaq slipped 0.46%.
Crude oil prices ended at their lowest level in a month on doubts that the Organization of Petroleum Exporting Countries can agree upon a production freeze when members meet in Doha on April 17. West Texas Intermediate crude oil fell 3% to $35.70 a barrel on Monday.
STOCKS IN THE NEWS
The health care sector was the best performer on Monday with industry heavyweights such as Pfizer (PFE – Get Report) , Novartis (NVS – Get Report) , Merck (MRK – Get Report) and Bristol-Myers Squibb (BMY – Get Report) higher. The Health Care Select Sector SPDR ETF (XLV) added 1.2%.
Virgin America (VA) rocketed 42% higher after Alaska Air Group (ALK) reached a deal to buy the airline for $57 a share. The deal, including debt, is worth about $4 billion. Alaska Air expects the acquisition to increase annual revenue by 27% after its completion in January, potentially creating the fifth-largest airline in the U.S.
Apple (AAPL) shares climbed 1% after Credit Suisse analysts added the stock to their U.S. Focus List. The bank reaffirmed its outperform rating and raised its price target to $150 from $140.
Wall Street Journal
New York Times
International Business Times
The murky world of offshore tax havens
There are many legitimate reasons for opening an offshore banks account. Wealthy people do it to better manage their investment portfolios or protect their assets. Offshore accounts can also help the rich pay less tax — legally.
However, offshore accounts are also the lynchpin in many illegal tax avoidance schemes. Owners go to great lengths to conceal the existence of these accounts from their home governments, and they are often helped by lax disclosure rules in offshore tax havens.
Investors caught trying to hide their accounts can face steep penalties.
THE fUN SIDE
Get ready for a Zuckerberg reality show
Mark Zuckerberg’s sister Randi, who founded online community Dot Complicated and Zuckerberg Media, is an angel investor on a new reality show called “Quit Your Day Job.”
The eight-episode series, which premieres Wednesday on Oxygen, features millennial entrepreneurs who are competing to win seed money from a panel of four investors.
But unlike ABC’s “Shark Tank,” all four investors have to agree before the entrepreneur gets the money.
What It’s Like to Ride in a Tesla Model 3
Electric car maker Tesla Motors unveiled its long-awaited mass market car, the Model 3, at one of its classic launch parties in its design studio in Hawthorne, Calif., on Thursday night. You can read all the impressive specs and stats
This Man Just Raised $120 Million for a Fancy Home Juicer
With the admittedly eye-popping amount of capital he has raised (somewhere around $120 million, he says), though, founder Doug Evans says he has solved all of the major problems with home juicing.
The Juicero is a new machine that connects to the Internet and takes nearly all of the work (and it can be a lot of work) out of making juice at home. It enables users to have a freshly made glass of juice essentially with the push of a button. The contraption costs an eye-popping $699 and users will shell out between $4 and $10 for each 8-oz. glass of juice they make.
Beat the Odds: How To Lead A Final Four Quality Business Team
Running a successful enterprise isn’t in the “odds,” it’s in your ability to build a highly motivated team with vision, drive, and purpose. Here’s what you need:
A strong team
The real answer is in hiring team members with the right attitude.
A unified vision
A good team doesn’t just know the company vision; a good team shares in the visioning and each team member embraces it as their own.
Ask yourself this right now: “Do I want this bad enough?”
It’s your driver — your purpose is your reason for being.
FEATURE: TECH TUESDAY
Zaha Hadid’s final apartment building in New York looks magnificent
Zaha Hadid, one of the most visionary architects of our time, died at age 65 on March 31.
Developer Related Companies broke ground in 2014, and the building should open by early 2017. Since it was both Hadid’s first residential building in NYC and one of her last designs, it will remain a testament to her legacy.
Prices for the apartments range from $4.9 million for a two-bedroom apartment to $50 million for the largest penthouse.
In March, Tech Insider toured one of the units, the most expensive of which sell for up to $50 million
The new apartment building will be nothing short of impressive, with an intricate metal and glass facade sculpted piece by piece. Inside, the high-rise will boast a parking garage with robot valets and the city’s first private 3D IMAX theater.
The biggest version of the iPhone 7 will have a unique feature
There’s new confirmation that the camera will be a major difference between the iPhone 7 and iPhone 7 Plus models expected to be launched by Apple this fall.
How people are using the crazy-popular app that just passed Snapchat to reach the top of the App Store
MiiTomo, Nintendo’s first smartphone game, has become an overnight hit.
The app has generated over 3 million downloads worldwide, and it’s already unseated Snapchat as the top free app in Apple’s App Store.
Part game, part social-media platform, MiiTomo’s hook revolves around creating a “Mii” avatar using your smartphone’s front-facing camera, and then answering questions that can be seen and favorited by your friends.
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