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Maps Show How Twitter Can Be Used To Predict Heart Disease Better Than Regular Methods

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sad tired frustratedTwitter isn't just for sharing cat photos. The service can also be used to map rates of heart disease, researchers from the University of Pennsylvania have found.

The study, published in Psychological Science on Jan. 20, finds that emotions such as anger, stress, and fatigue are expressed through tweets and are associated with higher heart disease risk. In reverse, positive emotions like excitement point toward a lower chance of illness.

Known risk factors for heart disease, like chronic stress, are hard to map on a large scale, the study's authors explain. The process is also expensive.

But Twitter provides a useful "window into a community's collective mental state" because people are sharing their candid feelings and thoughts in a constant stream. Twitter is the ideal platform to look at a large number of people since it's such a huge jumble of voices.

"With billions of users writing daily about their daily experiences, thoughts and feelings, the world of social media represents a new frontier for psychological research," the researchers said. "Such data could be an invaluable public health tool if able to be tied to real-world outcomes."

Focusing on the US, the researchers used public tweets sent between 2009 and 2010. Only people who made their locations known were studied. The researchers then compared the language of tweets from 1,300 counties with health data from the Centers for Disease Control and Prevention.

From the graphic below, you can see that the map of heart disease rates predicted by Twitter (right) is strikingly similar to the one that shows actual recorded death rates from heart disease. 

Twitter Heart Attack Map

In fact, researchers said that Twitter can get a better pictures of heart disease rates than traditional methods. A model based only on Twitter language predicted "mortality significantly better than did a model that combined 10 common demographic, socioeconomic, and health risk factors, including smoking, diabetes, hypertension, and obesity," the study said.

Here's a key takeaway:

Negative emotional language and topics, such as words like “hate” or expletives, remained strongly correlated with heart disease mortality, even after variables like income and education were taken into account. Positive emotional language showed the opposite correlation, suggesting that optimism and positive experiences, words like “wonderful” or “friends,” may be protective against heart disease.

The relationship between language and mortality is particularly surprising, since the people tweeting angry words and topics are in general not the ones dying of heart disease. But that means if many of your neighbours are angry, you are more likely to die of heart disease.

The university notes that the correlation between language and emotional states has long been studied to understand physical outcomes, so Twitter was an "ideal candidate" to analyse the indicators of coronary heart disease.

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PRESENTING: An Economics Professor Explains The Danger Of Deflation In 24 Simple Slides

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deflated balloon

If you're living in Europe, deflation is already here. Deflation means that inflation is plunging, so prices are dropping.

So what's the big issue? If rising prices (inflation) are generally considered a bad thing, then shouldn't falling prices (deflation) be a good thing?

Well, yes and no.

Economics professor Ed Dolan is on hand with an easy-to-understand presentation (no economics degree needed), showing the circumstances in which deflation can be a good and bad thing.

We've republished the slideshow with Dolan's permission here, and you can check out more fantastic economics presentations over at his blog.

Here we go...







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Stop Embarrassing Yourself At Work — Here's How To Wear Colors Without Clashing

JACK MA: Here's How Alibaba Will Become Bigger Than Walmart (BABA)

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Jack Ma

The CEO of Chinese e-commerce giant Alibaba talked about the company's lofty goals in an interview Friday with Bloomberg TV's Charlie Rose at Davos. 

Ma claimed in the interview that he was visited by a Walmart executive in China, and that he made a bet with the man about the company's future.

"He said I'm doing a good job," Ma claimed.

Jack Ma then joked with the unnamed Walmart exec about Alibaba's incredible growth.

"I said we'll make a bet, in 10 years we'll be bigger than Walmart on sales."

"If you want 10,000 new customers you have to build a new warehouse and this and that. For me: two servers."

That's the important part. Alibaba can scale its business far cheaper than Walmart can. It's that low-cost expansion that has enabled Alibaba to dominate entire industries. Alibaba now accounts for over 60% of packages delivered in China, and it's on track to become the first e-commerce company to handle $1 trillion a year in transactions.

Charlie Rose asked Ma what Alibaba's market cap is compared to Walmart. Interetingly, Ma said that he didn't know, but that he would look it up after the interview.

Ma has spoken out in the past about his desire to overtake Walmart in transactions. "We want to be bigger than Walmart." Ma told CNBC last year. "We want to be bigger. It’s not the size. We want to learn from Walmart."

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Bond Yields Hit Record Lows Across Europe (EUR)

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Markets are still digesting the European Central Bank's QE announcement on Thursday.

In response, stocks have traded higher, the euro has continued to fall, hitting an 11-year low against the US dollar, and now bond yields across europe are hitting record lows. 

Via ZeroHedge, here's a quick grab of headlines showing the number of record lows in bond yields across Europe:

bond yields

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The Saudis Just Gave Their Answer To The Dynasty Succession Crisis

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clinton prince nayef

After the death of King Abdullah, the Saudi Kingdom is facing its biggest dynastic challenge in 50 years.

Abdullah's half-brother Salman, 79, will now assume the throne, with the 69-year-old Muqrin his crown prince and heir.

After that, there are no more sons of Saudi Arabia founder King Abdulaziz Al-Saud, sopower then passes to a select few of Al-Saud's many grandsons.

"Given that there are scores of princes" in the third generation — there are hundreds — "the potential for discord is high," Liz Sly of The Washington Post explained last year. "Whoever inherits the throne is likely to anoint his own brothers as future heirs, thereby cutting out multiple cousins from access to the throne and the patronage it provides."

However, Saudi Arabia's new king is moving swiftly to make sure that a looming succession crisis — driven by chaotic jostling for power — does not happen.

King Salman has named his nephew Prince Mohammed bin Nayef as deputy crown prince, making him second in line to the throne behind Muqrin.

Mohammed, believed to be in his 30s, is the country's interior minister.

"Like his father, Nayef, who was a formidable power in Saudi Arabia until his death in 2012, Mohammed is head of the powerful Interior Ministry that oversees police and now too holds the title of crown prince," Abdullah al-Shihri and Aya Batrawy of the Associated Press note.

Saudi Interior Minister Prince Nayef bin Abdul-Aziz Prince Mohammed's father had a special place in the royal family.

Nayef, like Salman, was one of seven sons born to one of Saudi Arabia founder King Abdulaziz Al Saud's most favored wives, Hussa bint Ahmad Sudeiri. The seven full brothers are known as the "Sudeiri Seven" and are seen as a center of power within the family. Nayef was one of Abdullah's first two crown princes.

"We will continue adhering to the correct policies which Saudi Arabia has followed since its establishment," Salman said Friday in a televised speech.

King Salman's royal decree places Prince Mohammed at the forefront of the historic generational transition that spurs succession fears.

And the time for the third generation of the Saud royal family to rule the dynasty is coming sooner rather than later.

Salman's health is a question — he has suffered at least one stroke — and Muqrin is the youngest of King Abdulaziz, who founded the Saudi state in 1932.

This chart from The Washington Institute lays out the line of succession up to this point (Muqrin is one of the "19 other surviving sons").

Screen Shot 2014 06 02 at 2.02.17 PM

 

NOW WATCH: Research Shows What Type Of Office Makes Employees More Productive

 

 

SEE ALSO: New King Plans To Stick With The Status Quo In Saudi Arabia

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McDonald's CEO: 'Our Business Continues To Face Meaningful Headwinds' (MCD)

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don thompson mcdonald's ceo

McDonald's reported fourth quarter earnings on Friday morning, which showed that its global same-store sales fell 0.9%, less than the 1.5% decline that was expected by analysts. 

In pre-market trade on Friday, shares of McDonald's were up about 1.5%. 

In the US, same-store sales fell 1.7% in the fourth quarter, less than the 2.1% that was expected. 

Here's a quick overview of McDonald's Q4 results:

  • Global comparable sales decrease of 0.9%, reflecting negative guest traffic in all major segments
  • Consolidated revenues decrease of 7% (1% in constant currencies)
  • Consolidated operating income decrease of 20% (15% in constant currencies), primarily due to weak operating performance in the U.S. and the impact of the supplier issue in APMEA
  • Diluted earnings per share of $1.13, a decrease of 19% (14% in constant currencies), which includes a negative impact of $0.09 per share due to the supplier issue in APMEA
  • Returned $1.8 billion to shareholders through dividends and share repurchases

In a statement, McDonald's CEO Don Thompson said, "2014 was a challenging year for McDonald's around the world. Our results declined as unforeseen events and weak operating performance pressured results in each of our geographic segments,."

McDonald's said that its capital expense budget in 2015 is set at $2 billion, the lowest level in five years.

Thompson added: "Our business continues to face meaningful headwinds ... While January comparable sales are expected to be negative and results are expected to remain pressured, particularly in the first half of the year, I am energized by the opportunities ahead for McDonald's and remain confident that we can regain our momentum and build value for shareholders over the long term." 

Read McDonald's full release here »

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ECB bazooka fires stock markets higher

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Mario Draghi, President of the European Central Bank, addresses the media during a press conference in Frankfurt am Main, on January 22, 2015

London (AFP) - The European Central Bank's bond-buying "bazooka" fired global stock markets higher on Friday, but sent the euro diving to a new 11-year low below $1.12.

The ECB sparked a global rally Thursday after launching radical 1.14-trillion-euro ($1.27-trillion) bond-buying plans to boost lending and economic growth, while seeking to prevent a dangerous spiral of falling prices.

Equity investors welcomed the bank's unprecedented quantitative easing (QE) stimulus, under which the ECB -- led by President Mario Draghi -- will buy up to 60 billion euros of assets per month until at least September 2016.

"Markets are still digesting yesterday's bazooka from Mario Draghi and the ECB, with yields dropping sharply and equity markets pushing higher," said CMC Markets analyst Michael Hewson.

"While asset prices surge it remains to be seen whether this extra cash will make that much difference in the absence of structural reforms."

Frankfurt's DAX 30 jumped 1.78 percent to 10,620 points and the CAC 40 in Paris soared 2.11 percent to 4,649 points compared with Thursday's close.

London's benchmark FTSE 100 index of top companies gained 0.29 percent to 6,816.60 points in midday deals.

The Madrid stock market added 1.13 percent and Milan rose 0.38 percent, also extending the previous day's bumper gains.

Athens equities meanwhile surged by more than 5.0 percent, lifted by the stimulus news ahead of Sunday's snap general election.

In Asia, Hong Kong climbed 1.34 percent, Tokyo jumped 1.05 percent, Sydney added 1.51 percent, while Shanghai rose 0.25 percent.

"ECB president Draghi launched an aggressive and open-ended extension of central bank asset purchases... providing a fillip for risk markets," said RIA Capital Markets analyst Nick Stamenkovic.

The euro however tumbled to another 11-year low at $1.1115 in London on Friday.

That was the lowest level since September 2003 and compared with $1.1359 late in New York on Thursday.

 

- Euro approaching dollar parity? -

 

Analysts said the euro could slide further towards dollar parity as the ECB announcement underscores a growing policy divergence with the US Federal Reserve.

The Fed wrapped up its own QE programme in October and is now considering an interest rate hike this year.

"The key factor is that the ECB’s extension of QE is open ended," added Stamenkovic.

"In other words, if euro area inflation fails to rise in coming months then further purchases are likely as it attempts to restore price stability over the medium-term.

"By contrast, the Fed looks set to normalise monetary policy with a tightening expected in mid-2015. Hence the euro looks increasingly likely to reach (dollar) parity by year-end, if not sooner."

The ECB news also weighed on borrowing costs, with 10-year French, German, Spanish and Italian bond rates all striking record low levels.

Still European leaders on Friday continued to welcome the ECB's move. French President Francois Hollande said the ECB was fulfilling its role when it "fights against unemployment" and makes "growth a priority".

Traders meanwhile remain cautious before the Sunday's general election in Greece.

The looming ballot has raised concerns that a victory by the leftist Syriza party will force eurozone member Greece to renegotiate its bailout with international lenders.

"The potential for political uncertainty in Greece this Sunday evening will likely provide a further downside risk for the euro,” cautioned analyst Jameel Ahmad at trading firm FXTM.

German Chancellor Angela Merkel signalled Friday that Greece should stay in the eurozone, saying "at the heart of our principles lies solidarity. I want Greece, despite the difficulties, to remain part of our story," she said.

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Iraq, UAE triumph on night of Asian Cup upsets

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United Arab Emirates fans celebrate after their team beat Japan in the quarter-finals of the Asian Cup in Sydney on January 23, 2015

Sydney (AFP) - The United Arab Emirates shocked holders Japan and Iraq sent their arch-rivals Iran crashing out as a stunning night of upsets turned the Asian Cup on its head on Friday.

A double-header of quarter-finals ended in two penalty shoot-outs in Canberra and Sydney, with UAE and Iraq surviving moments of intense drama to come out on top.

Their stars shone with UAE wizard Omar Abdulrahman and Iraq's Younis Mahmoud, hero of their 2007 title run, both slotting outrageous "panenka" penalties in the shoot-outs.

But Japan's leading lights Keisuke Honda and Shinji Kagawa had a night to forget, and 10-man Iran were left cursing Australian referee Ben Williams.

UAE's 5-4 win on penalties, after it finished 1-1 after extra-time, puts Mahdi Ali's men into a semi-final against hosts Australia in Newcastle.

Iraq will play South Korea as they bid to repeat their astonishing 2007 win and bring joy to their homeland, where thousands of fans blasted celebratory gunfire on Friday.

Iraq outlasted Iran 7-6 on penalties after a match of scarcely believable drama ended 1-1 on 90 minutes and 3-3 after the extra periods.

Iran's coach Carlos Queiroz was incensed at Mehrdad Pooladi's first-half sending-off when he received a second yellow card from referee Williams for simulation.

"Can he (Williams) sleep tonight? It's just a question," said Queiroz, who had to be restrained by his players after the dismissal. 

"If it's necessary I put my knees to the ground to show my respect and humble attitude to ask him how we understand this decision, you tell me."

 

- 'Panenka' double -

There was no sign of the fireworks to come when talented young striker Sardar Azmoun nodded Iran in front on 24 minutes.

But sparks flew when Pooladi was cautioned for simulation, and then sent off when Williams realised it was his second yellow.

A furious Queiroz, fined $3,000 for criticising Williams after Iran's win against Bahrain, had to be held back as the teams and officials came off at half-time.

And the dismissal turned out to be critical as Iraq levelled through Ahmed Yaseen to force extra-time, and then went ahead via the head of captain Mahmoud.

Iran levelled through Morteza Pouraliganji -- but the defender then conceded a penalty by clattering into Yaser Kasim, which Dhurgham Ismael dispatched.

Iraq seemed to have it won, but Iranian substitute Reza Ghoochannejhad dramatically headed in at the death of extra-time to force penalties.

Both sides missed their first kicks but then scored six each, including Mahmoud's brilliant "panenka", before Iran's Vahid Amiry hit the post and Salam Shakir smashed the winner.

The later kick-off in Sydney got off to a sombre start with the UAE wearing black armbands to make the death of Saudi Arabia's King Abdullah, and Ali Mabkhout refused to celebrate when he opened the scoring in the seventh minute.

Mabkhout walked away with his arms by his sides when he blasted home a fierce volley to give his side a shock lead against the four-time champions.

Japan, looking leggy in their fourth game with an unchanged starting line-up, pressed without reward until the 81st minute, when substitute Gaku Shibasaki rifled in the equaliser.

The Blue Samurai almost snatched the winner when Shibasaki's free kick flashed wide, but the UAE hung on to force the sudden death shoot-out.

And while Abdulrahman chipped the second "panenka" of the night, Japanese stars Honda and Kagawa both missed before Ismail Ahmed thumped the crucial kick home.

"I am very proud of my team's performance," said Japan's coach Javier Aguirre, who is battling a match-fixing claim from his time working in Spain.

"We gave everything we had over 120 minutes. When the game goes to penalties, it is a 50 percent chance of winning."

 

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Why Europe's Far Right Is Backing Greece's Radical Left Party

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LePen Tsipras

Syriza, the anti-austerity leftist party that is leading the polls ahead of Greece's elections this weekend, is surprisingly backed by far right politicians like Marine Le Pen and Matteo Salvini. 

In a recent interview with French newspaper Le Monde Le Pen, leader of French right party Front Nationale, said loud and clear that she is going for Syriza.

Here is a passage:

There is a divide in Europe that passes through the takeover peoples against totalitarianism of the European Union and its accomplices. [...] I am completely consistent. That does not make me a far-left activist! We do not agree with their whole program, including the immigration plan. But we would welcome their victory.

Le Pen hopes that a victory for Syriza in Greece will help to boost the Euro-scepticism, regardless on what side of the political spectrum. 

This could seem rather odd to an outsider: Syriza and Front National have opposite visions on pretty much everything, except the end of the austerity policies from Brussels.

Syriza, for example, advocates for rights for immigrants and gay marriages, while Front National campaigns against immigration.

Nevertheless, a victory for Syriza would come up as a big blow to Europe's established parties, and therefore would ultimately move toward Front Nationale's own goals. 

In British politics, this would be like the Greens supporting UKIP simply because it is an alternative to the established Tory and Labour parties.

Being in favour of anti-austerity and against the current set up of the EU is enough to win Le Pen's support, who said that in countries like Greece and Spain, "where there is no equivalent to Front Nationale, it is up to the extreme left to take our place." 

This is a blow to Greece's own far right movement, Golden Dawn, which gained prominence at the height of the debt crisis and seems now to have lost momentum.

Le Pen is not the only right politician to support Syriza and its leader Alexis Tsipras: Matteo Salvini, leader of Italy's Northern League, is also among its fans.

"I hope Greek elections next Saturday will be a step forward, a big kick in the ass to the eurocratics that drove us to this point. I am going for Tsipras and not for the serfs of Brussels and Berlin," he said in a video to the Italian Huffington Post.

The Northern League has similar positions to Front Nationale in matters of foreign policy and the two parties sit in the same group in the Europarliament.

Giorgia Meloni, the leader of Brothers of Italy, another nationalist party that wants Italy to leave the Euro, expressed her support for Syriza in a post on her personal blog:

I share nothing with Tsipras and his political program. But I dream of a Europe of free peoples. A Europe [...] that that change this EU of financial lobbies and strong powers

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The 50 Most Violent Cities In The World

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caracas

There is a brand new ranking of the world's most violent cities from Mexico's Citizens' Council for Public Security and Criminal Justice.

A full one-third of global homicides occur in Latin America even though the region has just 8% of the world's population, according to United Nations data.

Drug trafficking, gang wars, political instability, corruption, and poverty combine to cause the region's elevated violence.

The council's ranking includes cities with a population of more than 300,000 and doesn't count deaths in combat zones or cities with unavailable data, so some dangerous cities might not be represented on the list.

50. Cuernavaca, Mexico, had 25.45 homicides per 100,000 residents.



49. Medellín, Colombia, had 26.91 homicides per 100,000 residents.



48. Torreón, Mexico, had 27.81 homicides per 100,000 residents.



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Photos Of Apple's Next MacBook Air Might Have Just Leaked (AAPL)

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Apple is expected to release a new MacBook Air with a 12-inch screen sometime this year, and a new set of photos may show us exactly how it compares in size to some of Apple's other products.

Chinese blog iFanr (via 9to5Mac) posted several images that reportedly show the new MacBook Air's lid alongside the current 13-inch MacBook Air and iPad Air 2. What's strange about the images, as 9to5Mac pointed out, is that the Apple logo appears to be different than that of Apple's existing MacBook Airs. It's the same glossy logo you'll find on the back of the iPad Air rather than the white one present on Apple's MacBooks.

Still, previous reports have said Apple may change the logo on its future laptops to match that of the iPad, so there's a chance the images may be accurate. 

Here's the 12-inch laptop lid on top of the 13-inch MacBook Air's lid.

MacBookAir1

And here it is again on the 13-inch MacBook's keyboard.

MacbookAir2

A better look at what may be the new Apple logo for the MacBook.

MacbookAir3

Here's how much larger the 12-inch MacBook will be than the iPad Air 2, which as a 9.7-inch screen.

MacbookAir4

The lid looks like it'll be slightly thicker than that of the iPad Air 2.

MacbookAir5

If Apple does unveil a new 12-inch MacBook Air this year, there's a strong chance it'll have a Retina display just like Apple's line of MacBook Pros, iPads, and iPhones. The laptop will likely be about the same size as the 11-inch MacBook Air, but the screen will have thinner bezels to accommodate the larger display, according to 9to5Mac's Mark Gurman. It's also expected to be a lot thinner than the current models, and Gurman reports that Apple will cut out the MacBook Air's ports to achieve this. 

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London Pedestrian Tackles Machete-Wielding Jewellery Robber In Dramatic Footage

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Fresh footage shows a lunchtime robbery at a luxury London jeweller store on Thursday in which a "have a go hero" city worker attempts to tackle one of the masked robbers.

Three men, dressed all in black, had attacked Carr Watches and Diamonds with sledgehammers, before making off on mopeds. But one got left behind — at which point an unidentified man in a suit attempted to take him down.

The Evening Standard got a hold of camera footage of the drama. Here are the highlights:

The robbers leave the store and get ready to go on their mopeds.

london machete robbery

But one gets left behind.

london machete robbery

A City worker (who the Evening Standard is not identifying) then leapt at him.

london machete robbery

The two wrestle in the busy street.

london machete robbery

The robber then reaches into his pocket...

london machete robbery

...and pulls out a machete.

london machete robbery

Lunging, the robber almost falls to the ground.

london machete robbery

Regaining his footage, he makes as if to swing for the City worker again.

london machete robbery

The robber then makes a run for it.

london machete robbery

An eyewitness told the Standard that it was"like something out of a Hollywood movie. The next thing a smartly dressed man tried to tackle one of the robbers but was then threatened with a massive machete. We were all looking on in total shock and horror, it did not last long but everything was total chaos."

"The man who tried to stop them was a real have a go hero," they added. "He could have been killed. He looked tough but when you are against a machete you have no chance. At least he slowed them down though.”

The machete-wielding suspect was arrested later that day, in an underground car park. The other two remain at large.

Watch the Evening Standard's video here >

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JIM CRAMER ON THE BOX IPO: Buy, Buy, Buy! (If You Can Get It For Under $18.) 'They Have Truly Staggering Numbers.'

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Cloud storage company Box is finally hitting the public markets today

The company filed for a public offering in March of 2014. The IPO was delayed and delayed because its financial performance wasn't strong enough to get it out the door. After the company first filed, we noted that it was burning twice as much cash as any comparable company. It has tightened things up since then.

In the summer of 2014, it raised $150 at a $2.4 billion valuation. It needed the money.

Last night it priced its IPO at $14 a share, giving it a $1.6 billion valuation. 

The sentiment around Box is largely negative, however, it has one big champion: CNBC star Jim Cramer.

Cramer thinks $14 is a steal for investors. On his show he told viewers to call their brokers and try to buy into the IPO at $18 per share. If they couldn't get into the IPO, he even recommended going to the aftermarket to buy shares.

Why buy Box shares? After all, the company's financial performance isn't stellar. And, there's competition from Dropbox, which does the same thing as Box, as well as Google, Apple, and Microsoft which all bundle cloud storage into their operating systems. It seems like a very tough business to be in. 

Cramer loves Box for three reasons: Box is an enterprise company, it's going to be relatively cheap on a valuation basis, and it has a visionary leader.

Here is Cramer's big spiel on what makes Box unique from Dropbox:

"While Box and Dropbox may belong to the same category, they are very different businesses. And Box happens to be far superior with some truly staggering numbers. See, Box is not just about storing your data in the cloud, and sharing your files with friends, it's created a popular cloud based mobile optimized business collaboration platform ... Notice the emphasis is on companies, not families, not friends. Basically Box has cracked the code to file sharing for the enterprise with a highly powerful and secure and scalable platform that's extremely easy to use."

Oddly, Cramer says Dropbox hasn't figured out how to monetize it's online storage platform. (In 2013, reports said Dropbox was on pace to do $200 million in annual sales.) Cramer says the consumer is not where the money is. The consumer wants everything to be free, says Cramer. Box is smartly going after companies.

As for the "staggering numbers," he says billings are up 103% year-over-year, and revenue is up 70%. If Box rows revenues at a 50% clip, then Cramer says the stock would trade at at 5X 2015 sales, which is not expensive for a fast growing cloud based stock. He says the average software as a service stock is at 8.4X sales. 

Finally, he says Box is run by a brilliant and charismatic guy named Aaron Levie.

Cramer says the stock is "almost certain to give you a big spike out of the gate." 

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The Catfight Between CNBC And Fox Business At Davos Has Gotten Out Of Control

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The cat fight between CNBC and Fox Business Network at the World Economic Forum in Davos is out of control.

The final straw — Fox Business News anchor Maria Bartiromo was caught on tape talking about CNBC's production team nearby. “Look what they’re doing… they’re embarrassing themselves.” 

You can see it about 3 seconds into the video below (via TVNewser).

Now, apparently Bartiromo — who left her almost-20 year post as CNBC's 'Money Honey' last year — was just reacting to a CNBC employee's comment to Bank of America CEO Brian Moynihan. Moynihan was about to go to an interview with Fox Business News.

“Ooooohhh. That’s where your headed," said the CNBC employee, according to TVNewser."They’re no competition!”

Sadly, these are not the first punches that have been thrown between the two networks regarding this annual gathering of business, intellectual and political leaders.

Last week, before anyone was even wheels down in Davos, Fox Business Network's Charles Gasparino went on the air and said that CNBC Managing Editor Nick Dunn would be wearing his "ass for a hat" after seeing how superior Fox's coverage of Davos would be to CNBC's.

And all this week Fox Business News reporters have aired grievances with CNBC's behavior. They accuse the CNBC of threatening guests — of telling them that they don't do CNBC first, they don't do CNBC at all.

This made Fox Business News senior correspondent (and former CNBC reporter), Charles Gasparino, very upset. So he took to Twitter:

Fox Business' Liz Claman mentioned it on her show as well.

But here's the thing: This complaint from Fox Business News is hardly new. In fact, it's common knowledge that CNBC is ruthless about getting guests first — not just in Davos but at every event, and at home. Right or wrong, complaining about it is like Kim Kardashian taking a selfie.

Besides, we haven't heard anything from Bloomberg TV about it.

Carry on.

 

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Colts Player Says The Patriots Were Using The Wrong Game Balls In The 1st Half

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Tom Brady

Indianapolis Colts linebacker D'Qwell Jackson told NFL.com's Jeff Darlington that he noticed the Patriots using Colts game balls at one point during the first half.

It's an odd development. Each team brings 12 balls to the game and uses its own on offense. Eleven of the 12 Patriots balls were found to be underinflated, while the Colts balls were legal.

Jackson says there was a sequence late in the first half where the refs couldn't find any balls to use, and then the Patriots started using the Colts balls. From NFL.com:

Jackson does, however, recall one interesting moment during the first half that has something to do with the latest controversy. He recalls, during a television timeout, there was an especially long delay that prompted him to approach an official.

The game official mentioned something about their efforts to locate a usable football. Shortly after, Jackson noticed that the Patriots were using the Colts' footballs late in the first half. Jackson said it was odd to him that New England couldn't find a football to use, especially in the AFC Championship Game.

Jay Glazer of Fox Sports reported on Wednesday that the NFL planned to test the air pressure of New England's footballs at halftime after getting "tipped off" that they were improperly inflated. According to Glazer, the Patriots balls were reinflated at halftime and used in the second half.

It's unclear whether any abnormal New England balls were taken out of play before halftime. That could account for why the refs were unable to locate a usable game ball, but we don't know if that's the case.

Bill Belichick and Tom Brady denied any involvement in the scandal on Thursday. Belichick said he hadn't heard about the allegations until Monday morning, and that he didn't even know the ball procedure rules.

Brady said that he didn't even notice that the balls were underinflated. Some former players later said that it's impossible to believe that a quarterback whose livelihood depends on the quality of the football wouldn't notice if it had been altered. If the Patriots were really using Colts balls at one point, it stands to reason the Brady would have noticed the difference.

Jackson also told NFL.com that he didn't notice that the ball was underinflated when he made an interception in the second quarter. According to Newday's Bob Glauber, the entire controversy started when a Colts equipment manager (who Jackson gave the ball to after the interception) noticed that it felt light.

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Microsoft CEO Satya Nadella Just Said These Weird-Looking Goggles Are 'The New Desktop' (MSFT)

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Microsoft executives testing HoloLens

We just bumped into Microsoft CEO Satya Nadella, here at the World Economic Forum in Davos.

He was about to take the stage for a panel put on by Salesforce.com about the future of tech.

He told us something rather surprising.

He said that Microsoft's new computerized goggles, HoloLens are "the new desktop."

When worn, HoloLens, powered by Microsoft software called Windows Holographic, project animations unto the visible world. They are not a virtual reality goggles, they are augmented reality goggles.

Nadella said the one incredible application for HoloLens that impresses him is that you can put them on and drive a rover around Mars, all while feeling as though the terrain of Mars has come to your office or living room.

Business Insider's Matt Rosoff recently tried HoloLens and was blown away. He said, "I just had a 40-minute in-person demonstration of HoloLens, Microsoft's new computer headset, and I'm convinced that personal computing is on the verge of a major change."

"In 10 years or so, people will be using head-mounted displays that project 3D images that you can interact with in actual space."

One reason Nadella's pronouncement is so surprising is that several consumer technology companies have tried, and failed, to convince normal people to wear bulky headsets to experience content in a new way. A couple years ago, the TV companies all came out with 3D TV sets. Then came Google with its now shuttered Google Glass.

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Here Comes Flash PMI ... (DIA, SPY, QQQ, TLT, IWM)

UPS Shares Are Getting Crushed After The Company Warns That Its 4th-Quarter Results Will Be Terrible (UPS)

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UPS disclosed on Friday morning that it expected its fourth-quarter earnings to widely miss expectations.

Shortly after the market open on Friday, shares of UPS were down 8% after falling as much as 9% ahead of the market open.  

UPS said it expected adjusted earnings per share to total $1.25 in the fourth quarter, missing Wall Street's expectations for earnings of $1.47, with UPS attributing this earnings miss to "underperformance" from its US domestic segment. 

"While package volume and revenue results were in line with expectations, operating profit was negatively impacted by higher-than-expected peak-related expenses," the company said. 

UPS added:

Peak plans were designed to provide high quality service for volume surges. The extra capacity was necessary to process the extreme spike in package volume on Cyber Monday and peak day, December 22. However, demand was less than expected on other days. This resulted in a sub-optimized network during peak season. A decline in productivity, increased contract carrier rates, as well as costs associated with overtime and training hours contributed to the excess cost. In addition, the network was somewhat disrupted by volume fluctuations caused by the West Coast port dispute.
 
In its release, UPS CEO David Abney said, "Clearly, our financial performance during the quarter was disappointing."
 
The company added that a pension expense of $180 million and currency headwinds — i.e. a strong US dollar — would negatively affect results in 2015, and the company now expects its 2015 EPS to come in below its target growth of 9% to 13%. 
 


NOW WATCH: Research Shows What Type Of Office Makes Employees More Productive

 

 

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New Payments Startups Face An Uphill Battle To Disrupt The Massive, Entrenched Credit-Card Processing Industry

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Payment Hardware And Software

The credit-card industry processes a massive volume of transactions — about $2.7 trillion in 2015 in the US. With so much money in play, it's no wonder that a host of startups are trying to carve out a niche for themselves and offer services to merchants (e.g., mobile point-of-sale hardware and software) and consumers.

But the credit card processing industry isn't going to change over night. These startups are entering into an extremely complex and entrenched space. 

In a new report from BI Intelligence, we look at the complicated series of interactions among different legacy players that powers each credit card payment, outlining the five essential links in the credit credit payment chain. We explain what each of these players do, and how much value they add, and explain why certain parts of this chain are particularly vulnerable to disruption.

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Here are how the 5 main types of businesses in payments work together:

  • Acquirers/processors: Acquiring banks, such as Bank of America or Wells Fargo, are members of card networks like MasterCard and Visa, and are responsible for providing merchants with most of the systems they need for accepting card payments. Processors are responsible primarily for data transmission and data security. We lump processors in with acquirers because some acquirers process transactions in-house. 
  • Independent sales organizations and merchant service providers: ISOs and MSPs are entities that sell payment-processing services to merchants on behalf of acquirers/processors, but are not banks. There is no significant difference between an ISO and an MSP. MSPs are registered with MasterCard while ISOs are registered with Visa.
  • Issuers: Issuing banks, or issuers, provide consumers and businesses with debit and credit cards connected to checking or credit accounts.
  • Card networks: Card networks like Visa or Discover act as a kind of hub within the card-processing ecosystem and serve two main functions: routing transactions between issuers and acquirers, and setting the rules by which the network of merchants, acquirers/processors, and issuers operates. 
  • Gateway providers: E-commerce companies have certain special requirements for running payment-card transactions. Gateways like Stripe act as the portal through which e-commerce merchants connect to acquirers. 

In full, the report:

For full access to all BI Intelligence's charts and data on the Payments Industry, sign up for a risk-free trial.

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