What’s going on with Groupon? The stock has been battered recently. Listen to this video and learn how Groupon’s decision to take on inventory and sell its own products has radically affected its financials along with its stock price.
Author: Staff (Page 14 of 28)
Things were starting to look pretty grim earlier this summer as job growth slowed and manufacturing activity slowed down, but now we’re starting to see some signs of life in the economy.
After a spring and summer of weak economic indicators, a flurry of fresh data suggest key sectors of the economy might be gaining traction, just as the battle for the White House enters the final round.
The long-moribund housing market has bustled to life, with prices and new-home construction rising in recent weeks. Hiring, so weak earlier this year, picked up last month. And on Thursday, the government reported an acceleration of a downward trend in the number of people seeking unemployment insurance, as well as a sharp improvement in U.S. exports.
The housing news is key, as we were never going to have significant GDP or job growth without reaching a bottom in the housing market as Warren Buffett explained many times.
The expansion of legal gambling continues across the United States. The state of Ohio approved four casinos, and there’s already evidence that the new casinos in Cleveland and Toledo are pulling customers away from casinos in Detroit, Pennsylvania and West Virginia. Las Vegas has all sorts of problems as they no longer attract as many high rollers, but as more casinos open across the country that has to have an impact as well.
In Illinois, the state will be rolling out the first legal video poker machines to offer payouts to customers. Now, not everyone in the state will be able to play in their immediate neighborhood, as many local areas including Chicago have their own laws restricting the games. But obviously the new poker games will just be a car ride away for most residents, so expect this to find a market as well. Of course for years poker fans could just look up an online poker guide to find the most popular poker sites and play in the comfort of their own home.
In some ways, all of this just keeps making poker more popular as a game, and that’s good for the entire industry. More players means a bigger pie for everyone to share. But the companies and outlets sharing the pie might be growing faster than the number of new players.
it will be fascinating to see how all of this plays out. With the feds saying they have no jurisdiction here, we could be another round of expanding interest in poker, one of the great all-time games of skill, and many companies can benefit from this.
Here’s one of Capital One’s catchy ads featuring Alec Baldwin. The ad wasn’t deceptive, but apparently the bank was benefiting from other problematic business practices.
The nation’s consumer watchdog on Wednesday delivered its first enforcement action against the financial industry, fining Capital One for pressuring and misleading more than two million credit card customers.
Capital One, one of the nation’s biggest banks and credit card lenders, agreed to pay $210 million to resolve a pair of regulatory cases, the latest legal setback for the financial industry.
The Consumer Financial Protection Bureau, Wall Street’s newest regulator, accused Capital One of “deceptive marketing tactics.” The credit card company — which is known for its catchy television ads, asking “what’s in your wallet” — received a regulatory rebuke for misleading card customers into buying unnecessary products like payment protection and credit monitoring, according to the consumer agency.
It’s nice to see someone looking out for the consumer . . . finally.
Here’s an awesome ad from Apple’s old campaign comparing the Mac to the lame PCs of the era. This version with Gisele Bündchen really drove the point home that Macs were better in so many ways.
The question now is whether Microsoft can finally fight back. It will be releasing the new operating system along with new office software. Will it be a huge step forward as some are saying, or will it suck like Vista with Microsoft blowing the execution? In reaction to the new Surface tablet, Steve Wosniak made the stunning statement that it was as if Steve Jobs had been reincarnated at Microsoft.
We’ll see this fall . . . .
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