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Price’s Law: Why only a few people generate half of the results

At my first sales job, I had about 25 colleagues who did the same work. After the first month, I noticed something peculiar.<p>Only 4 of my co-workers …

Family Business

6 Books That Should Be on Every Entrepreneur's Reading List

Every book, try to get one takeaway.<p><i>What books should entrepreneurs read? originally appeared on Quora--the knowledge-sharing network where compelling questions are answered by people with unique insights.</i><p><b>Answer by James Altucher, entrepreneur, angel investor, and best-selling author, on Quora:</b><p>I'm …

The Insanity Of Bitcoin, Explained

There’s no better way to appreciate the trippiness of the digital currency Bitcoin than this hallucinatory animated video.<p>If you’ve been paying attention to the news, you might have heard that digital currency Bitcoin is currently the talk of Wall Street after skyrocketing in value to trade at over …

Associated Press News

The Fastest-Growing Jobs Of The Last 3 Years

Job openings in both positions have multiplied 12 times over since 2010, TheLadders said. By comparison, all jobs tracked by the company grew on average 1.4 times over the same period.<p>TheLadders generated its ranking of the fastest-growing job titles by analyzing the words and phrases people used …

Investors' appetite for restaurant stocks grows

Investors are developing an insatiable appetite for restaurant stocks.<p>Potbelly, the operator of nearly 300 sandwich shops in the U.S., last week was the latest restaurant stock to shoot into the limelight as the company wowed Wall Street with its first quarterly results since its initial public …

Big milestone: U.S. producing more oil than it imports

The United States still imports 35% of the petroleum it uses, but its oil production is on the rise while its consumption is falling.<p>The United States tiptoed closer to energy independence last month when — for the first time in nearly two decades — it produced more crude oil than it imported, …

As Venezuelan inflation hits new highs, a crackdown on consumer prices

November 14, 2013 | 7:47 AM<p>Embed Code<iframe src="https://www.marketplace.org/2013/11/14/world/venezuelan-inflation-hits-new-highs-crackdown-consumer-prices/popout" frameborder="0" width="100%" height="240px"></iframe><p>Copy<br>• Close<p>Embed Code<iframe …

Venezuela

Apple and Samsung’s smartwatches are going to be way too cheap

In the $60 billion-a-year watch sector, most of the money flows to those who sell the most expensive devices: 0.6% of the watches shipped in 2012, with an average price of $4,285, were responsible for half the revenue of the entire industry.<p>That’s a big potential problem for aspiring smartwatch …

Why Amazon, bucking the Netflix strategy, won’t release its original series all at once

The battle for streaming supremacy heats up again on Friday Nov. 15, when Amazon launches its first original series, <i>Alpha House</i>, the story of four senators who rent a house together in Washington, D.C. While the title and genre may be reminiscent of one of Netflix’s popular series, Amazon has a …

John Paulson Joined Dan Loeb In Picking Up A Bunch Of FedEx Last Quarter

Now that 13Fs are coming out, it's clear he's not the only one.<p>John Paulson's hedge fund, Paulson and Co. picked up 646,800 shares of the company last quarter, according to its 13f filing.<p>Another few things to note — Paulson upped its stakes in Family Dollar slightly from 7,443,600 shares to …

Nordstrom Earnings Down 6% After Retailer Changes Sale Schedule

Stylish shoppers slowed their spending at Nordstrom this quarter, but the retailer says it is because they were looking for a bargain.<p>Nordstrom reported net earnings of $137 million, down 6.2% from the same period last year. Earnings per share were 69 cents slightly above the Street estimate of 67 …

Gas prices bottoming out for 2013?

Sub $3 a gallon gas nationwide? Prospects are evaporating for now.<p>After plummeting to their lowest levels in nearly three years, gasoline prices may be close to hitting a 2013 low. But that's probably about as low as they'll go this year, experts say.<p>Nationally, the average price for gasoline has …

McDonald's Is Finally Addressing Its Insanely Long Drive-Thru Lines

The change comes as wait times at McDonald's drive-thrus are estimated to be the longest in at least 15 years, according to a recent study by QSR Magazine.<p>Currently, McDonald's restaurants have one window where drive-thru customers pay for their food and another where they pick up their purchases. …

McDonald's

Snapchat's Big News Week And Questions About Its Worth

Snapchat has been occupying a space somewhere between people's fears — it's for porn! — and the company's pitch — a service widely adopted by young users who want a "fast way to share a moment" and feel it's consequence-free.<p>The app, which lets users send photo messages that can be viewed for a …

Berkshire Hathaway Buys $3.45 Billion Stake In Exxon Mobil

(Reuters) - Warren Buffett's Berkshire Hathaway Inc on Thursday disclosed a new $3.45 billion stake in Exxon Mobil Corp, after buying 40.1 million shares in the world's largest publicly traded oil company.<p>The purchase was disclosed in a U.S. Securities and Exchange Commission filing that detailed …

A Chinese province is trying to solve its labor problems with robots

What do you do if you’re faced with increasing labor costs and a shortage of workers? If you’re one Chinese province, you invest in workers that never demand raises and are willing to work around the clock.<p>Over the next five years, authorities in the eastern province of Zhejiang, a manufacturing …

Nestle to create 1,600 jobs for young people

http://vod-pro-ww-live.akamaized.net/mps_h264_hi/public/news/business/1028000/1028384_h264_1500k.mp4?__gda__=1524699536_4e09d79252bac7e976e4351d07c6dbb6<p><b>KitKat maker Nestle has said it will create 1,600 jobs for young people in the UK and Ireland over the next three years.</b><p>The food giant says it will …

Silicon Valley Just Had Its Most Lucrative Quarter In Five Years

After a slow start to the year, the number of deals in Silicon Valley has risen to 267 in the third quarter totaling $2.85 billion, up from 251 deals and $2.6 billion invested the same period last year.<p>Released Thursday, the Silicon Valley Tech Venture Capital Almanac counted 3,308 venture capital …

Carl Icahn Owned 3.9 Million Shares Of Apple As Of September 30

Icahn revealed on social media platform Twitter on August 13 that his investment firm had a "large position" in Apple, but did not specify the size of the stake at the time.<p>Icahn, who has demanded a $150 billion buyback publicly and privately to Apple chief executive Tim Cook since August, has said …

What the financial media don’t want you to know: the myth of the merger scoop

The “merger scoop” has been a staple of financial journalism for decades. Careers, and even entire business models, have been built around being the first to report that Company Y is buying Company Z. But there is an alternate view that deals scoops are far from the pieces of hard-hitting, …

This chart shows why basing the dollar on gold isn’t a great idea

Senator Dean Heller had a simple question for Janet Yellen at her confirmation hearing to become the chair of the US Federal Reserve: “Do you believe there’s any indicator behind the rise and fall of gold prices?”<p>Heller is one of many Republicans in Washington who have touted gold as part of their …

Investors are more global than they may realize

Thanks to the global economy, every fund is a global fund these days.<p>People of a certain age — OK, old people — will recall taking geography in high school. These same people can now tell you the capitals and main exports of dozens of countries that no longer exist, and will have some difficulty …

The New American Airlines Lands A New Ticker Symbol

Now that the Justice Department has cleared the way for the American Airlines and US Airways merger, the new airline has announced that it will have a new ticker symbol, too.<p>Friday morning, the AMR Corporation (which operates the existing American Airlines) and US Airways announced that they have …

After 12 years, Starbucks loses 'Charbucks' appeal

<b>NEW YORK</b> — Starbucks Corp. has failed to persuade a federal appeals court to stop a small, family-owned New Hampshire roaster from selling coffee known as "Charbucks."<p>Ruling in a case that began in 2001, the 2nd U.S. Circuit Court of Appeals said Black Bear Micro Roastery and its owner, Wolfe's …

Coffee

Electric car market owes its success to lavish tax breaks

If you live in Norway or own shares in Tesla Motors Inc., you can be forgiven for thinking that the electric car revolution has arrived with a beautiful, blurry whoosh! In Norway, the all-electric Nissan Leaf was the biggest selling passenger car in October, beating the cheaper gasoline or …

Is Netflix Playing A TV Game of Moneyball?

For those that don’t know sports and didn’t see the Brad Pitt movie from a couple years back, the concept of moneyball, in its basic form, is to hire baseball players cost effectively in order to build a roster. In theory, for the cost of one A-Rod you can buy three Scott Hattebergs that, as Brad …

Bitcoin Companies and Entrepreneurs Can't Get Bank Accounts

In the first week of July, Jay Shore got bad news. U.S. Bank and Chase informed him they were closing the accounts for his company, Coinabul, a San Diego-based precious metals buyer that sells silver and gold for Bitcoin. They didn’t want to house his half-million dollars. Chase was mum on the …