Alexandria Kettle

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Silicon Valley not waiting for U.S. immigration reform

SAN FRANCISCO — While the path to U.S. citizenship sketched out in an immigration-reform bill passed by the Senate is a long one, a key part of one industry isn't waiting to see whether Congress delivers what it wants.<p>Even while technology-industry lobbyists fight hard in Washington to nearly …

Natural gas finds a friend in US climate policy

The White House's renewed push on climate change may have an unintended consequence—sparking new demand for natural gas, which is fast becoming a staple in creating electric power.<p>Last week, President Barack Obama gave a speech that unveiled a broad array of new initiatives to reduce carbon …

Fossil Fuels

Six Important Lessons We Learned From China's Recent Interest Rate Fiasco

During that time, the People's Bank of China showed us that the government was willing to stomach short-term pain for long-term gains.<p>There are six key lessons to take away from China's interbank liquidity squeeze, according to Standard Chartered's Stephen Green and Wei Li.<p>This has shown Premier Li …

China

Twitter May Have Handed Microsoft A Huge Victory In Its War Against Google

That company has fought a long, lonely — and until now fruitless — war to get advertisers to respect the Do Not Track setting it uses by default in its Internet Explorer browser.<p>By contrast, folks at Google probably hate Twitter right now for joining the anti-tracking forces.<p>And advertisers won't …

Digital Advertising

Irish authorities won’t grill Apple & Google over offshore tax practices

Unlike the U.S. and EU, Irish authorities won’t be forcing representatives from Apple and Google to answer questions on their tax practices after a motion to do so was voted down this week by the Irish parliamentary committee. The news, first reported by TheRegister, follows Apple CEO Tim Cook’s …

Scotland Yard Hunts Murdoch Tape

Alleged plot to extort Paula Deen exposed; FBI makes arrest - TODAY.com

Peter Kramer / Today<p>The FBI announced Friday they have made an arrest in an alleged plot to extort Paula Deen.<p>Embattled celebrity chef Paula Deen can now add being the target of an alleged extortion attempt to an already full plate of legal drama.<p>FBI officials announced Friday that they arrested …

Crime

A Detail In The Jobs Report Is Flashing An Inflation Warning Signal

But there were definitely plenty of interesting nuggets from the report worth addressing.<p>For instance, UBS's Drew Matus noted that the increase in wages was interesting when you consider the fact that growth in low-wage jobs continues to outpace growth in high-wage jobs.<p>This suggests tight labor …

Labor Economics

STOCKS SURGE, BONDS TANK, GOLD TUMBLES AFTER AWESOME JOBS REPORT: Here's What You Need To Know

First, the scoreboard:<p>Dow: 15,135.8, +147.2, +0.9%<br>• S&P 500: 1,631.8, +16.4, +1.0%<br>• NASDAQ: 3,479.3, +35.7, +1.0%<p>And now, the top stories:<p>The June jobs report offered tons of great news. We learned that U.S. companies added 195,000 new payrolls in June, which was much stronger than the 165,000 expected …

Stock Markets

As Bitcoin's dollar exchange volume slips, the virtual currency's value continues to fall

The price of Bitcoin is slipping, corresponding to a decline in its exchange volume to dollars, and a decidedly negative operating margin for those working to ‘mine’ the currency. Currently, Bitcoin trades for roughly $73.<p>The dizzying assent of Bitcoin was followed by a predictable fall. What would …

Why People Think Inflation Has Soared, And That The Cost Of Bread Is Spiraling Higher

There was an incident recently where conservative commenter Erick Erickson said there was a bunch of inflation, only to get smacked down by Paul Krugman, who rebutted him with actual facts.<p>So why do people insist that there's so much inflation?<p>Probably because they have no idea what it is.<p>Scott …

Consumer Price Index

Cheesecake Factory Rising To New Highs

<b>The Cheesecake Factory (CAKE)</b> has flexed its technical muscle in recent months, gaining roughly 31% year-to-date, and outpacing the broader S&P 500 Index (SPX) by more than 9 percentage points during the last 60 sessions. What’s more, CAKE reached a new multi-year high of $43.19 right out of the …

Wall Street worried by strong jobs growth

July 05, 2013 | 1:12 PM<p>Embed Code<iframe src="https://www.marketplace.org/2013/07/05/business/weekly-wrap/wall-street-worried-strong-jobs-growth/popout" frameborder="0" width="100%" height="240px"></iframe><p>Copy<br>• Close<p>Embed Code<iframe …

Wall Street

A Tale Of Two Netflix: Has The Streaming Giant Bounced Back After Qwikster?

Wall Street thought Reed Hastings was an idiot. Now Wall Street thinks Reed Hastings is a genius. Does Wall Street know anything about Netflix?<p>In the fall of 2011, <i>Saturday Night Live</i>‘s Jason Sudeikis skewered Netflix CEO Reed Hastings. In one skit, Sudeikis-as-Hastings announces 17 possible name …

Televisions

Defense Contractors See Their Futures In Developing World

Defense manufacturers worldwide are facing tough times ahead, as tight budgets force Western governments to cut spending. But while the West is cutting back, developing countries around the world are spending more on defense — a lot more.<p>Last fall, defense contractors warned of massive layoffs if …

Dell Shares Slipping After Michael Dell And Silver Lake Refuse To Raise Their Offer For The Company

Michael Dell.<p>AP<p>Dell shares slip on reports Michael Dell and Silver Lake won't increase offer for company<p>NEW YORK (AP) — Shares of Dell slid Friday on reports that founder Michael Dell and Silver Lake Partners don't plan to raise their $24.4 billion buyout offer for the company.<p>Bloomberg, the Wall …

Michael Dell

Pepsi promises to stop using alleged carcinogen following pressure from health advocates

California law spurs soda maker to change its formula, but drinks sold elsewhere in the US remain the same, report claims<p>Pepsi announced this week that it plans to remove a controversial chemical from soda sold in the US, more than a year after the state of California labeled it a carcinogen. The …

This week in tech stock: Zynga surges, Facebook & Microsoft lag

Generally speaking, we love a good comeback story around here. I mean, who doesn’t? Watching an underdog make good and getting a kick out of it is just a very human thing.<p>That’s why Zynga’s uptick in the stock market this week almost puts a smile on our face.<p>Today, we’re taking stock (ha, great pun …

100 mobile industry leaders to take MobileBeat by storm

MobileBeat 2013 is coming up Tuesday and Wednesday, July 9-July 10, in San Francisco, and we’ve got over 100 thought leaders lined up.<p>This is your chance to learn from the top people in the mobile industry, from executives at major handset manufacturers to the founders of some of the hottest mobile …

Walmart Tops List Of Most Patriotic Brands

What do Jeep, Hershey‘s, Coca-Cola, Disney and Walmart have in common? They are among the most patriotic brands and icons as viewed by U.S. shoppers. Not only is Walmart one of the most patriotic brands in the U.S., but it handily beat all other retailers for the title.<p>Take that Macy's, Sears …

Hulu Bids Depend on TV-Show Rights

The big media companies that created Hulu endowed the online video provider with arguably its most valuable asset: Access to the current seasons of …

Facebook by the numbers: who buys ads, which games make more money

This morning, we’re taking a look at an infographic that breaks down some of the numbers — both money-numbers and user-numbers — behind Facebook.<p>With revenues of around $1.5 billion per quarter, Facebook gets most of its revenue from advertising. Ads analyst firm eMarketer said in an email that …

Chinese consumers boost Burberry

Growing demand for Burberry’s accessories and beauty products is shielding the British premium brand from a faltering luxury market around the world.<p>Burberry, which has hired actress Sienna Miller and her fiancé Tom Sturridge to be the new faces of the brand, is enjoying growing sales outside its …

CBI warns on EU exit: 'We’ll never be a Switzerland’

The debate on Britain leaving the European Union must not be based on “hollow rhetoric”, the director-general of the CBI John Cridland has warned, amid growing concern there is no credible alternative for the UK.<p>MPs voted unanimously on Friday in favour of a parliamentary law designed to guarantee …

Not Qualified For Obamacare's Subsidies? Just Lie -- Govt. To Use 'Honor System' Without Verifying Your Eligibility

If you thought the delay in the employer mandate was bad news for Obamacare, just wait. On Friday, Sarah Kliff and Sandhya Somashekhar of the <i>Washington Post</i> discovered that the Obama administration had buried in the <i>Federal Register</i> the announcement that the government won’t be able to verify …