In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
The growth is driven by millennials who are more likely to use digital payment solutions such as Venmo and less likely to have traditional bank accounts or credit cards. These people can get through their days with electronic solutions and cash but still need to receive funds from home and send the occasional money order.
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The huge amount of float that Comcast is generating indicates that a lot of Americans are still paying their cable bills every month. There’s also some statistical evidence out there that indicates the level of cord cutting has been greatly exaggerated.
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Strangely enough the future of banking and finance is on display at Goldman Sachs (NYSE: GS). The 147 year-old investment bank is quietly transforming itself into an information technology company, a paradigm shift that will be felt far beyond Wall Street.
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Uber Technologies Inc. may have become the most scandal plagued company in history. There are so many scandals at Uber that a checklist is needed to keep score.
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Both entertainment models work but they each have serious drawbacks. Netflix has not figured out how to make its model pay; while Disney is unable to protect its market share. The data suggests that a combination of new and old models would work best.
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Investors need to pay attention to Matt Hardy, because his success might be repeated by any performer using open sourced media to totally disrupt the business. This professional wrestler from North Carolina might be showing us the future of entertainment.
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Arrow’s revenues increased by $230 million during the third quarter of 2016; rising from $23.9 billion in June to $24.13 billion in September, the highest figure ever. Over the year that ended on September 30, Arrow added $1.2 billion in revenues. It reported $22.93 billion in revenues in September 2015 and $24.13 billion in September 2016.
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Naturally this piques the interest of value investors, if eBay is an unfashionable company that makes money; it meets some classic Ben Graham criteria for a value bargain. That means we will need to ask the all-important question here: is eBay making money?
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Minivans are more of a contrarian investment than you might think because they are the perfect vehicle for use in the ride-sharing business. A Chrysler Pacifica or Dodge City Master Pro; particularly one equipped with a diesel, electric or hybrid engine, would be the perfect Uber car. It can seat several passengers, it is stylish and there is plenty of room for luggage for the airport run.
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There is an interesting reason for the widespread acceptance of Apple Pay among U.S. banks and credit unions that many Americans do not realize. Your Uncle Sam is partially subsidizing Apple Pay; by underwriting its insurance costs, through the Federal Deposit Insurance Corporation or FDIC.
The FDIC provides $250,000 in deposit insurance for every depositor at most banks and credit unions. That means it; and not Apple or the bank, might be responsible for the losses that might be incurred if Apple Pay failed or got hacked.
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