Attention, TV Networks: Facebook Is Coming For You Next
Mark Zuckerberg likes to use the first few minutes of his quarterly earnings calls to preview big themes that he sees as pivotal to Facebook's future. With a particularly strong quarter of results in hand, Zuckerberg took the opportunity to sketch out a particularly ambitious goal: stealing market share from just about every other form of digital media, particularly television.
Ford Nets $1.3 Billion After Russia Write-off; Solid Results In A Challenging Year
Big model launches coming later this year are tamping down profits
Starbucks' Sizzling Profits Get Cool Reception
Coffee maker Starbucks reported stronger-than-expected third quarter earnings, announcing a 23% increase in earnings per share
Legg Mason's Acquisition Fills A Major Gap, But A Bigger Problem Still Looms
While CEO Joe Sullivan has delivered on his promise to acquire a non-US equity manager, there is still room to question today's deal.
Visa Profit Pops As Consumers Choose Credit Over Cash
Visa, the world?s largest credit and debit card company, reported higher than expected third quarter profit and revenue Thursday afternoon but saw its shares fall into negative territory as investors found room to fault the its forward guidance.
Vanguard's Chief Economist Weighs In On America's Debt
The United States economy is attempting to recover from one of its worst downturns in modern history. Our national debt is at record levels and GDP continues to be weak. Is the U.S. debt to blame?
Thursday Sector Leaders: Consumer Products, Services
The best performing sector as of midday Thursday is the Consumer Products sector, higher by 0.6%. Within that group, Under Armour (NYSE: UA) and Dr Pepper Snapple Group (NYSE: DPS) are two of the day's stand-outs, showing a gain of 13.4% and 5.1%, respectively. Among consumer products ETFs, one ETF following the sector is the iShares U.S. Consumer Goods ETF (AMEX: IYK), which is up 0.2% on the day, and up 4.99% year-to-date. Under Armour, meanwhile, is up 57.52% year-to-date, and Dr Pepper Snapple Group is up 27.77% year-to-date. Combined, UA and DPS make up approximately 1.1% of the underlying holdings of IYK.