Google

Silicon Valley Censorship

Google's latest project is an application called Perspective, which, as Wired reports, brings the tech company "a step closer to its goal of helping to foster troll-free discussion online, and filtering out the abusive comments that silence vulnerable voices." In other words, Google is teaching computers how to censor.

Bezos Back To Second Richest After AMZN Slides On Earnings Miss, Soft Guidance

Jeff Bezos enjoyed the title of world's richest man for several hours, before he had to relinquish it back to Bill Gates after AMZN stock dumped after hours when the company reported Q2 net income of $197 million, or $0.40 per diluted share, down from $857 million, or $1.78 in Q2 2016, while AWS profit posted a rare miss. 

Is This The Bubble?

"Every major market peak, and subsequent devastating mean reverting correction, has ever been the result of the exact ingredients seen previously. Only the ignorance of its existence has been a common theme."

The Myth Of India's Information Technology Industry

"The Indian IT industry and most Indian businesses are run by people who are more akin to power-brokers and traders. In IT, they have just created a story and traded Indian 'coolies' for wage-arbitrage.  For them IT jobs are passports to get Green Cards and go to US...Inside the country, Indians have increased their gold hoarding...Those who can are moving their gold and wealth abroad."

Facebook Tumbles Then Surges As Algos React To "Fake" Earnings Estimate

Facebook first tumbled then jumped after reporting Q2 EPS of $1.32, which initially slammed the stock as much as 5% lower however, then jumped just as quickly when it emerged that Bloomberg had blasted a wrong EPS estimate, which spooked algos, only to correct itself with the correct, lower number, prompting a buying frenzy.

Frontrunning: July 25

  • Dollar slumps to 13-month lows before Fed; euro up (Reuters)
  • Overwhelming approval likely for Russia bill (Reuters)
  • Trump to study tougher Russia sanctions bill: White House (Reuters)
  • Unrest bubbles among Trump's key foreign policy aides (Reuters)
  • Abe Overtaken by Rival as Top Choice for Japan Premier in Poll (BBG)

S&P Futures Bounce As VIX Hammered, Europe "Euphoric"

After sliding to 3 month lows on "car cartel" concerns yesterday, European stocks have rebounded after three days of declines, while oil extended gains after Saudi export cuts, with Brent rising above $49 and WTI just shy of $47. Asian stocks fell while S&P futures rose 0.2% to 2,473, helped by a tumbling VIX which was hammered early by 3% in early Tuesday trading, down to 9.17.

Google Slides As Cost-Per-Click Tumbles

while Google's top and bottom line results were both impressive, the reason why the stock was down as much as 3.6% in the after hours appears to be that Google reported paid clicks in Q2 rose by 52%, well above expectations, while cost-per-click declined 23%.

A Primer On The "Global Sharing Economy" In 20 Charts

It's the $6 trillion opportunity that everyone is talking about and investing in. Here, in 20 charts, is a quick primer on what the "global sharing economy" means for markets, consumers and investors.

These Are The 10 Most Crowded Long And Short Trades According To UBS

According to UBS, these are the Top 10 most crowded long and short trades, and not surprisingly, it's all tech among the top 5 longs, which include Google, Alibaba, Amazon (a jump from 8th spot as of the last ranking), Facebook and Visa (with AAPL in the 6th spot), while on the short side one name stands out: Tesla in the perennial top slot

A Month Of Multiculturalism In France: June 2017

"I am in fundamental disagreement with these left-wing people who do everything to dissociate fundamentalism from Islam. Islam has been radicalized for fifty years.."- Sir Salman Rushdie