Silicon Valley’s biggest tech firms are bursting at the seams. Apple’s spaceship campus is nearing completion, but it recently purchased property in San Jose and is reportedly eyeing more property north of its newest campus in Cupertino. Google and Facebook are also looking to expand, and every week I hear of a company that needs more space to house a growing tech staff.
So one has to wonder if they know something we don’t. Are we about to enter a strong growth cycle?
At Creative Strategies, we have spent a lot of time researching this question, and I believe we’ve identified several indicators that the tech industry is poised for a major upswing in the next five to 10 years.
The biggest thing I see coming is 5G. Every major telecom company, as well as chip makers like Qualcomm and
Article source: http://www.pcmag.com/article2/0,2817,2507226,00.asp?kc=PCRSS03079TX1K0000585
Twitter Inc on Tuesday stepped up its battle to attract video talent to its platform, saying it will allow U.S. users who upload a video to share in any advertising revenue it generates.
Twitter, Facebook Inc, Snapchat and YouTube are all competing to keep or recruit top video talent as they seek to cash in on the wave of televison-style advertising that has been moving to the internet.
Twitter already offers revenue sharing to media and entertainment companies such as CBS Corp and the National Football League which post videos through its Amplify Publisher Program. That option will now be open to any Twitter user, Twitter said in a blog post. (bit.ly/2c8qoDx)
YouTube has long offered its video stars a cut of revenue. Facebook, for its part, has ramped up its Live video product in recent months and paid a
Article source: http://feeds.reuters.com/~r/reuters/businessNews/~3/njQYJdgo03g/us-twitter-video-idUSKCN11522S
NEW YORK U.S. consumer confidence rose to an 11-month high in August, with households more upbeat about the labor market, in a further sign that the economy was regaining steam after faltering in the first half of the year.
While other data on Tuesday showed a moderation in house prices in June, the gains probably remain sufficient to boost household wealth and continue to support consumer spending, as well as make home purchasing affordable for first-time buyers.
“This will likely be interpreted as more evidence that the U.S. economic recovery is back on track following the missteps earlier this year,” said Millan Mulraine, deputy chief economist at TD Securities in New York.
The Conference Board said its consumer confidence index increased 4.4 points to 101.1 this month, the highest reading since September 2015. Consumers’ assessment of both current business
Article source: http://feeds.reuters.com/~r/reuters/businessNews/~3/JDPgYWKKm8s/us-usa-economy-homes-index-idUSKCN1151OA
A former Monsanto Co (MON.N) executive who tipped the U.S. Securities and Exchange Commission to accounting improprieties involving the company’s top-selling Roundup product has been awarded more than $22 million from the agency’s whistleblower program, the executive’s lawyer said on Tuesday.
The award of $22,437,800 was tied to an $80 million settlement between the SEC and Monsanto in February, according to the lawyer, Stuart Meissner in New York, in a statement. It is the agency’s second largest under the program.
Meissner declined to reveal the whistleblower’s identity.
A Monsanto representative could not be immediately reached for comment.
The Dodd Frank financial reform law empowered the SEC to award money to whistleblowers who give information to the agency which leads to a fine.
Article source: http://feeds.reuters.com/~r/reuters/businessNews/~3/EWqX1G0AV9c/us-sec-monsanto-whistleblower-idUSKCN1152KG
WASHINGTON A European Commission order requiring Apple Inc (AAPL.O) to pay Ireland $13 billion euros ($14.5 billion) in unpaid taxes on Tuesday drew swift rebukes from the Obama administration and lawmakers in Congress, while reigniting calls for U.S. tax reform.
The White House and the Treasury Department, which enforces federal tax policy, warned that U.S.-EU economic relations could be affected by the European Commission’s ruling that Apple had received illegal state aid under its agreement with Ireland.
Business groups protested. The Business Roundtable, which represents U.S. chief executives, called the decision “an act of aggression” against a law-abiding U.S. company and a sovereign government.
Members of both parties in Congress pointed to the stunning decision as evidence that the U.S. tax code should be rewritten to give American companies an incentive to bring home some $2.1 trillion in
Article source: http://feeds.reuters.com/~r/reuters/businessNews/~3/quKYjak-X84/us-eu-apple-usa-idUSKCN11529E
NEW YORK Apple Inc was the largest weight on U.S. stock indexes on Tuesday after antitrust regulators ordered the company to pay about $14.5 billion in back taxes to the Irish government, but gains in bank shares partly offset the decline.
The SP 500 fell for the fourth time in five sessions, but was still within 1 percent of its record closing high set earlier this month. Cyclical sectors, which are expected to perform better in an expanding economy, have taken the lead in the past few weeks as economic data paints a rosier picture of the U.S. economy.
U.S. consumer confidence rose to an 11-month high in August, with households more upbeat about the labor market. Payrolls data on Friday could strengthen the case for higher U.S. interest rates, as has been hinted over the past week by Federal
Article source: http://feeds.reuters.com/~r/reuters/businessNews/~3/LWT0G3Uf82M/us-usa-stocks-idUSKCN1151BU
Over the past few years, an increasing number of celebrities have turned to podcasting to build their audiences and strengthen their personal brands.
Unfortunately, many celebrity podcasts are lame and self-serving. This post contains nine celebrity podcasts that, IMHO, are both entertaining and interesting.
While these aren’t business-oriented (I posted the 21 best business podcasts a few weeks ago), they all have something for the entrepreneur in us.
The titles link to where you can download the cast.
- Who is he? Adam Carolla is an American comedian, radio personality, television host, actor, podcaster and director. His podcast which set the record as the ‘most downloaded podcast’ as judged by Guinness World Records in 2011.
- What’s it about? Shows feature a celebrity guest, with the guest frequently participating in the featured segments and joining the commentary on the news.
Google-owned Waze plans to expand testing of its Waze Carpool service to all of San Francisco this fall, the Wall Street Journal reports.
Waze Carpool will start testing in San Francisco and expand from there if successful, according to the WSJ report.
Waze Carpool began a limited test with some companies in parts of the Bay Area in May. The service pairs you with a driver headed in the same direction. The service is only on during rush hour, but it’s similar to carpooling features offered by Uber and Lyft.
However, Waze’s service only pays for drivers’ gas. Waze doesn’t make any money. Uber Pool and Lyft Line let you share rides with other Uber or Lyft customers.
While Waze Carpool isn’t a direct competitor to Uber or Lyft, there’s always the potential that it could steal riders from the two if the service takes off.
On Monday, Uber announced that David Drummond,
Article source: http://www.inc.com/business-insider/google-waze-carpool-moves-in-on-uber-san-francisco-test.html
Today, African-American, Asian-American and Hispanic consumers account for more than 120 million people combined (38% of the total U.S. population) and are increasing by 2.3 million per year. With expansive buying power and unique consumption habits, multicultural consumers are an integral part of any marketing strategy and now more than ever, brands are finally getting it. Understanding the unique needs of these consumers require nuanced and culturally acute roadmaps to connect and engage in a relevant way.
Fostering great customer experiences for these consumers, understanding that their needs may be different than those of mass market and accounting for those differences is just the beginning of the multicultural marketing equation. Strategically approaching the consumer journey depends on a whole host of factors including, but not limited to, the nature of the product and/or service you provide coupled with the consumer identity and all that reveals as well as their consumption
Article source: http://www.inc.com/yuriy-boykiv/do-multicultural-consumers-require-a-tailored-customer-experience.html
Out in startup land, blogging platform Medium usually serves a few key purposes: hosting press releases, explaining why your company failed, and blasting your current or former employer.
A recent post falling into the third category apparently earned its writer the threat of legal action before the startup in question abruptly reversed course and started erasing itself from the internet.
Marketer Penny Kim wrote over the weekend about her former employer in a post titled “I Got Scammed By A Silicon Valley Startup.” She said the company, which she did not explicitly name in the post, had failed to pay her and engaged in other unprofessional practices. People on the internet determined the company must be Santa Clara-based WrkRiot, and Business Insider confirmed a number of details in Kim’s account with the company’s CTO, Al Brown.
One jaw-dropping detail Brown confirmed:
Article source: http://www.inc.com/tess-townsend/wrkriot-reacts-disgruntled-employee.html