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  • Second Quarter Results Boost Facebook Shares - 25 July 2013
  • Facebook continues to redeem itself with investors after its much-publicized, debated and, some might say disastrous, IPO in May 2012. The company's second quarter results reveal that Facebook continues to increase its overall user base, with its mobile users increasing by 51 percent over the last year. It's this market that Facebook has been focusing on for advertising, clearly with much success. Of Facebook's $1.81 billion in revenue, $1.6 billion came from advertising, being an increase of 61 percent from last year. Up to 41 percent of the advertising revenue came from mobile devices. The balance of the revenue was derived from payments (most notably game payments) and other fees. Facebook shares climbed by 19 percent in afterhours trading on Wednesday night, closing at $31.81, which is still below the May 2012 price of $35.

  • Fed Bond Purchases to Slow Down Later This Year - 11 July 2013
  • The minutes of the Federal Open Market Committee (FOMC) meeting held in June were released yesterday, revealing the Fed's intentions for tapering off quantitative easing (QE) later this year, and sparking a minor rally on Wall Street. After moving into positive territory, the Dow dropped and closed slightly lower, breaking its four-day advance, while the S&P 500 closed with a small gain on Wednesday. When Federal Reserve Chairman Ben Bernanke suggested in June that the economy's expansion appeared strong enough to allow the central bank to slow down its bond purchases later in the year, investors apparently took this to mean that the Fed could potentially start pulling back as early as September. The FOMC minutes do not support this, but rather suggest that the job market needs to be stronger and steadier before the Fed would reduce bond purchases and while some felt confident this would be soon, remarks made by Bernanke at a news conference following the meeting suggested bond purchases would likely slow down later in the year, with a view to ending them in mid-2014, if the economy continued to show signs of strengthening.


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