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Though the S&P 500 and Dow ended Friday little changed, the move for the week was anything but small with both indexes holding onto enormous rallies.
Google continues to be an enigma, making more money than anyone else as a tech company, a media company, a company generating enormous cash flow yet holding onto its wallet in a cost-control way this company has really never seen before.
I went out on a limb on Friday, suggesting that Social Networking is the technological emperor with no clothes since I haven't seen a single business model out there that actually generates any money. And it's certainly not for a lack of trying, along with some brilliant minds, who've had plenty of time to come up with something real.
Are we staring another dot com boom/bust right in the face? When it comes to social networking, that very well might be the case since it appears this emperor has no clothes.
Indeed Microsoft has to be emboldened with the traction this software seems to be enjoying in the market place. The company is spending over $100 million on Bing advertising and it appears to be working. The latest market research comes from Hitwise, which shows Bing enjoying some headway against Google as far as Search is concerned.
Michael Jackson's memorial was must see TV...especially on the internet. Yahoo! reports that as of 3 p.m. Pacific on Tuesday, there were five million streams of the memorial at the Staples Center, the largest streaming event in the Yahoo's history. The peak was 385,000 simultaneous streams, second only to the inauguration of President Obama, which peaked at 430,000 streams.
It's not surprising that there's yet another lawsuit claiming copyright infringement in the music industry. But it is surprising that this latest suit doesn't attack typical pirates, but companies that actually run paid online music subscription services.
In an earlier post I talked about the effect Michael Jackson's death was having on various big players on the internet. But one of the biggest players is seeing some of the biggest impact.
The web has become much more than merely a place to post feelings; it's an international global marketplace, and with social networking one of the hottest things going, we're seeing a convergence of financial and personal exchanges on an incredible level in the wake of Michael Jackson's death.
Here's our Fast Money Final Trade. Our gang gives you tomorrow's best trades, right now!
Stocks had their best day in weeks Thursday after solid demand for another Treasury auction and encouraging earnings reports from retailer Bed, Bath & Beyond and homebuilder Lennar.
Stocks rebounded Thursday as an unexpected profit from Bed, Bath & Beyond buoyed consumer stocks — and hopes for an economic recovery.
Google sure would like us all to believe that its dominance is now facing a real threat from Microsoft, Yahoo, and any number of also-ran crumb-eaters trying to stake their claim in Search.
Stocks rebounded Thursday after a lower open as weekly jobless claims came in higher than expected.
Futures indicated a slightly negative open for Wall Street Thursday after the Federal Reserve cautioned that the U.S. economy would remain weak for a time, adding concerns about the sustainability of a recent recovery.
Stocks are now searching for the next catalyst, after a routine Fed announcement left the market mixed and little changed on the day.
Carol Bartz took the helm of Yahoo! in January and since that time the stock has climbed 24%. Will Thursday’s shareholder meeting send it even higher?
Since late last year, Fed statements have been pushing stocks higher. How should you game it this time around?
The market traded sideways on Tuesday with Dow finishing slightly lower and the S&P 500 closing a little higher.