If bitcoin ends up wildly successful, will eBay's Paypal and Western Union face competition? R.J. Hottovy, Morningstar retail analyst, and BuzzFeed president & COO Jon Steinberg, discuss the likelihood of bitcoin's success.» Read More
Amazon.com reported earnings of 19 cents a share for its second quarter, better than Wall Street estimates. Analysts forecast that Amazon would report a profit of 16 cents a share on sales of $2.81 billion, according a consensus estimate from Thomson Financial.
Ever wanted to meet the Woz? I DO! Change the world? Eh, not so much. Now you can do both. Apple co-founder Steve Wozniak is attending the upcoming IdeaFestival being sponsored by Best Buy's Geek Squad. It's an annual gathering of idea people--not Madison Avenue idea people, you know, the guys who brainstorm about putting monkeys in commercials--but people with ideas for changing the world! Through technology!
Too much hype? Or not enough? It's clear, from AT&T's earnings news this morning, that Apple iPhone projections were way ahead of reality. That "popping" noise could be Apple shares. I wrote earlier today that Apple's highly hyped iPhone performed nowhere near Wall Street expectations during its first 30 hours on sale: AT&T reports 146,000 activations during its first weekend on sale.
It's nice being able to pay someone else to mow the lawn. Now a company in Memphis is taking it a step further. You can pay a little more, and a crew of lawn mowing women will arrive at your house--wearing bikinis. The company is www.tigertimelawncare.com, a three-month old firm using the gimmick to get attention. It's worked.
Expedia, the online travel agency controlled by Barry Diller, said it is cutting its plan to buy back its own shares by almost 80 percent, blaming a lack of attractive financing available in credit markets.
AT&T reports earnings Tuesday and while the company's NYSE trading symbol is "T," in this case, "t" stands for telegraph, as in telegraphing what to expect from Apple which reports on Wednesday. In AT&T's case, the Street is looking for 67 cents on $29.61 billion in revenue. Rather than looking at the company's entire financial picture, I want to focus on the wireless sector since I'm really more interested in what all this could mean for Apple a day later.
The sound of marching military cadets is not normally considered the Democratic theme song. That makes the scene here in Charleston,SC, hours before the Democratic presidential candidates debate on the campus of The Citadel, decidedly out of the ordinary. But then there's nothing ordinary about this debate. In an attempt to link an old political format to new technology, questions will be posed to the candidates via YouTube.
On the heels of fakesteve.blogspot.com (the fake Steve Jobs), and my own fakeJane (the fake me, see below), it turns out everything, EVERYTHING, is fake. Even the story about the Chinese buns made out of cardboard. Or is it? That's the problem with China these days. You believe the bad news, then when they tell you the bad news was a lie, you don't believe that either.
As "Harry Potter" fans await the final installment of the popular series, CNBC’s Maria Bartiromo sat down with George Jones, chief executive of Borders Group, on “Closing Bell.” “'Harry Potter' is an important part of our business. It’s not that we make a whole lot of money on each of the books we sell, but it draws a lot of people into the stores and gives us a chance to sell other things and maybe in some cases, reintroduce them to Borders,” said Jones.
Internet entrepreneur Brad Greenspan said Dow Jones could be worth $100 a share if it accepted his proposal to invest in the company instead of selling to Rupert Murdoch's News Corp.
A surprise jump in hiring and operating expenses shook investor confidence in Google for the second time in its three years as a public company, sending its shares down 6 percent on Friday.
I'm blogging from a Barnes and Noble which is readying for Harry Potter's final book going on sale at midnight. Handmade, full-size "magic" brooms are hanging from the ceiling and anxious Potter fans are rereading the past books in line for wristbands for tonight's pre-Potter party. This book is a pricey 35 dollars, five dollars more than the last book's listed price, and it's going to make several companies very, very happy.
Tech earnings for the week are in the books and we now all get to look ahead to Apple Inc.'s earnings next Wednesday. But reading the tea leaves from some of the biggest names reporting this week may signal a pretty good uptick in tech. And despite NASDAQ's declines today, some positive trends are developing that may signal a nice opportunity for investors.
Google reported its second quarter results after markets closed Thursday, posting a 28 percent rise in quarterly profit that fell short of consensus expectations -- despite rapid international growth and market share gains. Eric Schmidt, chief executive of Google, cited a "seasonally slow quarter.”
Earnings misses by tech darling Google and Caterpillar, one of the Dow's power drivers, are adding to a wobbly opening on Wall Street. Citigroup though is a bright spot with a better than expected 18 percent profit gain and record revenues from investment banking and overseas business.
Web search leader Google said Friday that it would participate in an upcoming wireless spectrum auction if the U.S. Federal Communications Commission added a key condition.
Social networking isn't enough. Now there's a new online technology called "social broadcasting". A company called Now Live (nowlive.com) allows you to host an Internet based interactive talk show. Using a regular phone line--Google Talk, or Skype--you can broadcast (or simulcast) a talk show or conversation over the Internet--depending on who's doing the talking. And, all the other Now Live users you invite in can share pictures and video as well. I suppose it's like a super high-end version of video conferencing.
With all the talk about the “Fake Steve Jobs” at www.fakesteve.blogspot.com, (including on this blog), followed by the "Fake Gene Munster," the Piper Jaffray analyst who covers Apple, at www.fakegene.blogspot.com (Jim Goldman alerted us to this one yesterday), it seems to me all the attention goes to the fakes. So, what if there was a “Fake Jane”? I mean, I’m kinda fake already, but what about someone pretending to be me--an evil, bitter, insecure version of me? Ok. Me.
An interesting email came into the Realty Check mailbox yesterday, an offer really. “Our company, 1-800-CashOffer, is a nationwide network of professional real estate investors. Our investors (including ourselves in our local market) help homeowners in financial trouble by providing them with a quick way to sell their homes for cash, often avoiding foreclosure and the associated damage to their credit rating.
So, earlier today, I delved into the drama gripping the blogosphere: Fake Steve Jobs and the efforts to unmask him. Now we have a fake Wall Street analyst purporting to be one of the key voices covering the company.