The Telegraph reports that Yahoo and Facebook are talking about teaming up on their own search engine.
This would be a smart strategic move for both companies. It could also drive billions of dollars to both companies’ bottom lines.
And it would finally allow the world to create a strong No. 2 to the Google search juggernaut, which would be excellent for consumers, marketers, and third-party distribution partners alike.
We’ll run through some numbers below. But [...]
By Wallace Witkowski, MarketWatch
SAN FRANCISCO (MarketWatch) — Earnings outlooks as U.S. companies approach the so-called “fiscal cliff” are likely to gain more attention from investors in the coming week than the quarterly results themselves, according to analysts.
With a third of the Dow Jones Industrial Average DJIA +1.62% and more than 80 S&P 500 Index SPX +1.65% companies reporting in the coming [...]
Jobless claims rise, home sales come in strong and
First the scoreboard:
Dow: 13,200.69, +110.38, +0.84%
S&P 500: 1,399.26, +8.51, +0.62%
NASDAQ: 3,049.19, +19.51, +0.64%
And now the top stories:
Eurozone leaders denied reports that ECB officials are considering extending funding to boost illiquid banks through the European Stability Mechanism. European markets closed mixed.
Initial jobless claims missed expectations with 388,000 people filing for benefits for the week ending April 21. Moreover, last week’s number was revised up to 389K, from 386K. [...]
Netflix headlines may appear rosy as top and bottom lines were a beat but guidance on revenues and subrscriber adds perhaps rings the death knell on this mythical beast…
*NETFLIX SEES 2Q NET ADDS BELOW THOSE OF 2010 :NFLX US
*NETFLIX SEES 2Q REV. ABOUT $873M-$895M; EST. $893.4M :NFLX US
We can only hope that AAPL does not miss in any way on any metric ever…
Here is what not to put in your [...]
Two years after congressional Democrats squeezed out enough votes to pass President Obama’s health care overhaul, confusion still reigns among the states, insurers and average Americans struggling to comply with the hundreds of pages in the law.
Some states say they can’t move forward until the government issues more rules to clarify exactly what kinds of services need to be covered, while other states dispute that, saying enough information is available [...]
Organizers of Wednesday’s anti-Wall Street protest in San Francisco got what they wanted after surrounding the Wells Fargo Bank corporate headquarters and blocking its entrances: 11 demonstrators arrested and plenty of headlines.
In New York, police arrested four people outside JP Morgan Chase offices, where protesters called in vain for a meeting with Chairman and CEO Jamie Dimon.
But on the same day in San Jose, [...]
While Bloomberg has done a tremendous job of digging through 29,346 pages of FOIA data, its discovery is not at all surprising: that Wall Street’s (not to mention the rest of the world’s) biggest banks received a total of $1.2 trillion in previously secret Fed loans, in addition to the trillions in public backstops and loans from the US Treasury. As a reminder, “denominated in [...]
Harry Reid Calls House Republicans’ Bluff
By Matthew Yglesias on Jul 25, 2011 at 9:59 am
Something you often see in negotiations is a mismatch between one side’s stated sticking points and its real sticking points. In the debate over the debt ceiling, for example, Republicans have sought to portray themselves as having two bottom lines. One is that any increase in the debt ceiling must be met [...]
President Obama has canceled a vacation to Montana scheduled this weekend, local police confirm to Fox News. The first family was slated to visit Whitefish, Montana from July 8-10.
“He was coming in for a brief vacation, this was all before the budget crisis hit, we were gearing up until last Friday, and then heard from Secret Service it was canceled,” Whitefish Police Chief Bill Dial [...]
In the past 20 years, the US economy has grown nearly 60 percent. This huge increase in productivity is partly due to automation, the internet, and other improvements in efficiency. But it’s also the result of Americans working harder—often without a big boost to their bottom lines. Oh, and meanwhile, corporate profits are up 20 percent. (Also read our essay on the great speedup and harrowing [...]
It feels a little like 2008 all over again.
There are huge layoffs in the works across the banking sector, the New York Post reports:
On Wall Street the hatchet man cometh.
Deep-pocketed bankers and traders are bracing for what could be a fresh round of job cuts on the Street, concentrated in equities trading and investment banking, where firms are considering eliminating thousands of jobs in the coming [...]
U.S. News & World Report
At the beginning of the year, expectations for higher global growth in 2011 were high.
Now, a string of unexpected events, like unrest in the Middle East and a devastating earthquake and tsunami in Japan, has cast a shadow over some of that optimism.
In the United States, the housing market still looks weak and unemployment remains high. Add higher [...]
The trading world’s reaction to this week’s Streetwise column in the paper on the ‘cost of high frequency trading being borne by retail investors’ is an extremely polarized one.
Small investors pay the price for high-frequency trading
Dear retail investor, did you know that you are directly feeding the bottom lines of many of those ridiculously profitable high-frequency traders you read about? Itâ€™s not that they are outsmarting you, or [...]
The trading world’s reaction to this week’s Streetwise column in the paper on the cost of high frequency trading being borne by retail investors is an extremely polarized one.
Small investors pay the price for high-frequency trading
Dear retail investor, did you know that you are directly feeding the bottom lines of many of those ridiculously profitable high-frequency traders you read about? Itâ€™s not that they are outsmarting you, or outracing [...]
Investors are finally inching back into the stock market. But are they too late?
While millions sought refuge in traditionally stable bonds over the past two years, they missed a more than 90 percent rally in stocks. Suddenly bonds don’t look so safe, and some of the $11 trillion that Americans have parked in mutual funds is shifting back to stocks.
After putting more than $570 billion into [...]
One of big benefits to Romneycare (Massachusetts government run healthcare) and Obamacare is that their supposed to cover everyone and do it at a significantly reduced cost all could afford. The government run healthcare of Massachusetts is not only a petri dish experiment showing this not to be the case, but that the exact opposite effect takes place.
The Massachusetts government designed the system to have the businesses carry the burden [...]
Over the course of the last two decades the world has had a paradigm shift in business structures on multiple levels which has rendered US QE detrimental to John Q Public. The first QE strategy did not work partially because of this shift, and in fact a QE2.0 attempt will only worsen the US’s domestic economic condition.
a) Primary US firms are now multinational, increases in global demand are being meet [...]
This guy is a joke!
Lastly, thereÃ¢â‚¬â„¢s the specter of Washington. People seem to think that financial regulation Ã¢â‚¬â€œ specifically in terms of derivatives Ã¢â‚¬â€œ will hit hard the bottom lines of JPMorgan and Goldman Sachs Strange, though, because their stocks have been ramping ever since the derivatives talk began. In the end, Cramer thinks the regulation will end up being Ã¢â‚¬Å“a huge victoryÃ¢â‚¬Â for both companies, and the other banks [...]
Obama’s Policies Aren’t Socialist, They’re Worse
Ron Paul | Apr. 26, 2010
Lately many have characterized this administration as socialist, or having strong socialist leanings. I differ with this characterization. This is not to say Mr. Obama believes in free-markets by any means. On the contrary, he has done and said much that demonstrates his fundamental misunderstanding and hostility towards the truly free market. But a closer, honest examination of his policies [...]
Just because somewhere around 20% are out of work or given up looking, and another 30% or so are under-employed, they must have some money hidden away for a rainy day. Get out in the back yard and dig up that rusty can grandpa stashed, rip up mom’s raggedy old mattress, go panhandle at the Interstate exit, we need to increase spending to get our corporations back on solid ground [...]