Less than three years after its founding, bankers are telling Groupon it could IPO at an astounding $25 billion valuation — greater than Google’s valuation when it first hit the public markets. We took a look at the lightning fast right that took Groupon to its current valuations.
Continue reading… “Groupon Could Go From $0 to $25 Billion Valuation”
Visa customers will be able to send and receive funds.
Visa announced Wednesday a personal payments service that will allow U.S. customers to send and receive funds to any eligible Visa credit, debit or prepaid account anywhere in the world.
Continue reading… “Visa Unveils Person-to-Person Payments in the U.S.”
A million bucks ain’t what it used to be. Heck, it’s not even enough to make (rich) people feel rich anymore:
Some 42 percent of the more than 1,000 millionaires surveyed by Fidelity said they did not feel wealthy.
Respondents had at least $1 million in investable assets, excluding any real estate or retirement accounts…
Continue reading… “Is A Million Bucks Enough to Make You Feel Rich?”
J.P. Morgan Chase & Co. is mulling a $100 cap to help combat new rules.
Banks discussing limiting caps on debit-card transaction sizes may have a standard bearer in J.P. Morgan Chase & Co., which is mulling a $100 cap to help combat new rules.
Continue reading… “Banks Considering Cap on Debit Card Purchases”
Microsoft Kinect
Microsoft has sold more than 10 million Kinect systems for the Xbox 360 to retailers, the company announced Wednesday.
Kinect, a controller-free gaming system that competes with the Nintendo Wii and Playstation 3 Move, has been selling at animpressive rate since it launched in November.
During the first three months after its launch, this rate was fast enough to earn Kinect the title of “fastest-selling consumer device.” According to Guinness World Records, whichofficially confirmed the record today, Microsoft sold an average of 133,333 units per day between November 4 and January 3…
Continue reading… “Microsoft Kinect Sales Top 10 Million, Set New Guinness World Record”
1.) The British millionaire who traded his mansion
for a mud hut after being adopted by tribe in Kenya
Most people return from Kenya with photos of giraffes and lions, and tales of their time on safari. But one millionaire has come back with the title of elder of a Masai tribe. Graham Pendrill is the first white person to gain such an honour from the group after solving a potentially violent inter-tribal dispute while on a month-long trip to the East African country last year…
Continue reading… “10 Most Eccentric Millionaires”
Harvard graduation
They’re often called the elite eight, boasting U.S. presidents, Nobel Prize winners, Wall Street CEOs, world leaders—as well as famous actors and musicians—among their alumni. But they’re incredibly expensive and getting more so—prompting many students and families to ask: Is an Ivy League diploma really worth the money?
Continue reading… “Is An Ivy League Diploma Still Worth the Money?”
Bringing up a child in the 21st century is so expensive parents have no option but to tell themselves it is all worthwhile.
Most parents say they wouldn’t have it any other way. Children cause them financial hardship, eat up their time and cause untold worry… but mums and dads insist they are worth every penny, wrinkle and grey hair.
Luggage fees have prompted more passengers to carry-on their bags.
When airline passengers choose to carry their luggage onto a plane instead of checking it with an airline it may save them a few bucks in bag fees, but it’s costing taxpayers about a quarter-billion dollars a year.
Continue reading… “More Airline Passenger Carry-Ons Costing Taxpayers Millions”
Armed rebels in Libya.
As angry populations roil one Middle Eastern regime after another, and discontent over escalating food prices and lagging living standards is heard elsewhere in the developing world, investors are moving staggering piles of cash out of emerging markets.
Continue reading… “Investors Pull Billions From Emerging Markets”
The concept of credit has been around for centuries. Starting in the early 1800s, local merchants allowed trusted customers to make purchases without paying the total cost upfront. This intuitive concept allowed sellers to reach a larger base of customers who could then pay their debt over time. The idea of enabling purchases by extending credit spread quickly, and in the early 1950s, a seminal moment occurred: the invention of the credit card.
Over the next half century, the credit card and buying on credit concept became entrenched in countries across the globe, particularly so in the United States. Today, we’re beginning to see signs of changing consumer behavior when it comes to making purchases, particularly in the online world…
Continue reading… “Why Credit Cards Are Not the Future of Online Payment”
As US politicians continue to cry for fiscal austerity and weaker industry oversight, keep this next one in mind: As New York Times reports the Department of Interior has done such a poor job keeping track of how much oil and natural gas has been produced from public lands that the people have lost billions of dollars in revenue…
By delving into the futuring techniques of Futurist Thomas Frey, you’ll embark on an enlightening journey.
Learn More about this exciting program.