Half of U.S. adult Twitter users now consume news on the platform and get news through the social media platform, mainly on mobile devices, according to a new survey. The report by the Pew Research Center in collaboration with the John S. and James L. Knight Foundation was released on Monday. The results are based […]
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Another Shutdown? Nasdaq Error Closes Options Market
Nasdaq OMX Group Inc. closed the sixth-largest U.S. options exchange more than five hours early last Friday because of a technical error, the latest malfunction to disrupt trading last week. The Nasdaq Options Market which handled 8.1 percent of American trading in September, was shut at 10:36 a.m. New York time and didn’t reopen because […]
Read this article »MasterCard Profits Rise As Card Holders Spend, Spend, Spend!
There are nearly 2 billion MasterCards out in the world and card holders are spending. MasterCard reported net income of $879 million up 14% from the same period last year. Earnings per share were $7.27, beating the consensus estimate of $6.94 a share. Sales were up 16% to $2.2 billion as purchase and dollar volume […]
Read this article »Is Barclays Guilty Of Currency Trading Manipulation?
Barclays has added its name to a widening currency trading probe, which could become a scandal on a par with Libor manipulation. It has become the latest bank to admit it is facing an investigation into whether its staff were involved in attempts to manipulate global foreign exchange markets. The bank confirmed it was reviewing […]
Read this article »Is The Price Of Silver Set To Double?
The current silver price is US$22 per ounce. This is a truly astonishing number for a few reasons. Back in 1980 an ounce of silver reached a high of $49.95. Despite all the money printing and financial chaos in the world in the past 33 years, silver has gone backwards. Unlike gold, silver has many […]
Read this article »Is The Euro Doomed?
Has the euro been a disaster, or what? It seems pretty self-evident that it has been. Unemployment is 27.6 percent in Greece, 26.2 percent in Spain, 16.5 percent in Portugal, and 13.6 percent in Ireland, which, remember, is supposed to be the austerity success story. What’s happened? Well, exactly what euro-skeptics feared would happen from […]
Read this article »Top Tweet Of The Day? Twitter, As IPO Pegs Valuation At $11 billion
Seeking to avoid a repeat of Facebook’s much-maligned public debut, Twitter revealed more modest ambitions, saying its initial offering would raise up to $1.6 billion (987.8 GPB) and value the company at up to about $11 billion. The valuation was more conservative than the $15 billion some analysts had expected for the social media phenomenon, […]
Read this article »Is The End Of The Recession In Sight As Spain’s Pain Turns To Gain?
Spain’s central bank reported on Wednesday that a two-year recession in the euro zone’s fourth-largest economy ended in the third quarter when Spain posted 0.1% growth from the previous quarter, in line with government projections. A return to growth for the currency area’s fourth-largest member is likely to feed hopes that the euro zone’s economy […]
Read this article »Suspicious Minds? Dubious Trades Before Jobs Report in Three Charts
Another major economic report, another round of speculation about suspicious trading activity seconds before its release. A number of futures contracts Tuesday morning showed “distinct activity just before 8:30:00,” says Eric Hunsader, founder of Nanex, a Chicago firm that studies and distributes stock-market data. He illustrated the moves in a number of charts on his […]
Read this article »US Job Growth: September report may be last clean gauge of the job market…
U.S. job growth is likely to have picked up a touch in September, suggesting the economy enjoyed rising momentum before an acrimonious budget fight in Washington took some of the wind out of its sails. Non-farm payrolls are expected to have increased by 180,000 workers, a step up from August’s gain of 169,000, according to […]
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