Items tagged with money

Didn't make that Forbes Billionaire list this year? While you're aiming to get on it next year, perhaps you're at least fortunate enough to find yourself working for a company that's listed on the 2014 edition of Barron's "World's Most Respected Companies" list. The list, which is outputted annually, is based on a survey of professional money managers concerning their views of the planet's 100 largest companies by market value. Mind you, money managers are focused more on the financial upside of a company than softer items like workplace culture and benefits, but it's still not a slight to find... Read more...
We all make mistakes, but as it turns out, some of them are more significant than others. As the Silk Road and Bitcoin saga continues, it appears that a list of bidders who were hoping to place bids for the ~$18 million in seized assets from Silk Road's closure have been made public. For a bit of background, around 30,000 Bitcoins were confiscated from Silk Road after it was seized and shut down for illegal practices. The U.S. Marshals Service was helping to handle a nine block bidding process, whereby the $18 million in assets could be re-entered into the market via legal means. Unfortunately,... Read more...
If you stop a random stranger on the street and ask that person what a Bitcoin is, you might get a confused stare. Try asking that same question a year from now and maybe every person you ask will say, "It's a digital currency that's decentralized and uses cryptography to use control transactions to prevent double-spending." Or they'll simply tell you it's a digital currency. Either way, Bitcoins are growing too large to ignore. Bitcoins have nearly doubled in value in the just the last month alone, going from $125 at the start of October to around $310, depending on where you look. The virtual... Read more...
Of all the current Internet curiosities, Bitcoin is one of the most fascinating. The digital/virtual currency is decentralized, has no change fees, and no state oversight to speak of, and nobody seems to know exactly what to do with it even as it grows in popularity and value. Case in point: On Mt. Gox, a major Bitcoin trading site, the value of Bitcoin exploded from about $100 to $265 in less than a day. Before the day was out, however, the price dropped sharply to $200. A few hours hence saw the value bottom out at $125 and then bounce around from to $180 to $140. (Click to enlarge) Then, Mt.... Read more...
USAA and Chase already got involved in cashing checks via mobile scanning, but when PayPal gets involved, that's huge for the industry. PayPal's iPhone app has recently been updated, and the new version allows users to scan their checks in order to have the funds deposited immediately in their PayPal account. The catch, of course, is that the money is deposited in the PayPal account and not directly into your checking account. You'll still need to login and request a withdrawal in order to actually have the funds transferred to your bank account. The service works like this: you take a photo of... Read more...
If your childhood was anything like ours, we are assuming that your mother, father, sister, brother or some combination of any of those were constantly telling you to get away from the game console and step outside. Something about "rotting your brain" or some other nonsense. Now, it's going to be even more difficult for frustrated parents to convince their offspring to put away the gaming and engage in other activities, as one such gamer just netted himself one million dollars for doing nothing more than being exceptionally great at a video game. Pro gaming has been around for years now, and just... Read more...
PayPal revealed a new Send Money application for the iPhone and iPod touch. With version 2.0, you'll get secure mobile access to your PayPal account as well as Bump money transfers, Split Check, and Collect Money features. With Bump, you simply put two iPhones together to transfer money from one owner's account to the other's. The Split Check feature makes it easy to divide and split the cost of dinner with a friend. If you're trying to collect money from multiple people for a joint gift, the Collect Money feature can help. International transactions are also possible with the new app. PayPal Launches... Read more...
Microsoft may just have acknowledged that digital distribution of software, long (relatively) used for distribution and sales of games, may just be ready to hit the big time. In an understated announcement on a newsgroup, by an MVP, Microsoft has announced it is going to halt the sale of boxed copies of its Quicken competitor, Money Plus. Additionally, they have decided to skip a 2009 version. Here's the news from the newsgroup post: Microsoft Money Plus continues to be a valuable tool for our customers; however the feedback we are hearing is that the incremental updates to the software don't merit... Read more...
E-Trade is offering its account holders a free application for their BlackBerry smartphones that allows them to get real-time stock information and execute trades on their phones. Now if you're walking down the street in a big city and see executives throwing themselves out of the windows of some skyscraper, you can read the name on the building, launch your E-Trade account and key in "Sell Mortimer! Sell!"High-end phone users have for a while been able to access E-Trade's Web site and those of most banks and brokerages, but the online firm is the first major U.S. brokerage to provide a mobile... Read more...
There was a fire in LG Chem's plant in South Korea in March of this year. "So what?"  you might ask. Well, that plant makes lithium-ion batteries, and that's helping to limit the supply of laptop computers. "I think maybe the battery shortage may hurt every brand," said J.T. Wang, chairman of Acer, at the company's investor conference two weeks ago.But the head of the world's largest independent notebook battery maker, Simplo Technology, said he expects the lithium-ion supply to return to normal in the third quarter and allow battery makers to substantially increase production. "The LG Chem... Read more...
Apple recently came to an agreement with a group of film studios including the 6 largest that would enable the Cupertino firm to release movies via iTunes the same day that they are available on DVD.   The problem is that Apple might actually be taking a loss on them for the short term:“Apple said that starting this week, iTunes customers will be able to purchase newly released movies for $14.99, while most catalog titles are $9.99.The Wall Street Journal reported that Apple is paying the studios nearly $16 for each sale, but a source close to the negotiations told CNET News.com that Apple is paying... Read more...
Chris Anderson at Slate takes the long view on the effects that ultra-cheap bandwith, processors, and storage will have going forward, and comes to the conclusion that to make any money in the Internet economy, you'd better give whatever you've got away, and make money from ancillary items or services. And as consumers get used to the concept, other industries better get used to customers that demand a lot --for nothing.The huge psychological gap between "almost zero" and "zero" is why micropayments failed. It's why Google doesn't show up on your credit card. It's why modern Web companies don't... Read more...
Just kidding. But his box spring is probably made from gold bars. Maybe not. But one thing's for sure: Apple is swimming in cash. $15 billion in cash, to be precise. You'd have to be crazy to think that won't grow a lot with Christmas right around the corner. Unlike companies like Microsoft, Apple doesn't pay a dividend to their stockholders, so their big profit margins leave mounds of cash in their vaults.  What to do with it? If the past is any guide, Jobs & Co. could very well use some of the money to swallow smaller companies. In 2001 Apple bought education software company PowerSchool;... Read more...
Universities and research institutes routinely need to swap huge amounts of information. Many of them have relied on two non-profit Internet networks, Internet2 and National LambdaRail, to supply them with the dedicated superfast network connections they require.  Talks aimed at merging the two have been sporadically attempted. The latest round of negotiations has fallen apart again, and it appears the idea is dead now. What would non-profits who serve essentially the same users with the same service fight about, anyway?  Money.Talks resumed this year, and a committee with top leaders... Read more...
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