Corporate Finance

Tyler Durden's picture

Facebook Beats But CFO Leaving





  • Q1 revenue $2.5 billion, beats expectations of $2.36 billion
  • Q1 revenue from advertising $2.27 billion
  • Q1 EPS $0.34, beat expectations of $0.24
  • Free cash flow - Free cash flow for the first quarter of 2014 was $922 million.
  • Capital expenditures - Capital expenditures for the first quarter of 2014 were $363 million.
  • Cash and marketable securities - Cash and marketable securities were $12.63 billion at the end of the first quarter of 2014.
  • Monthly active users (MAUs) were 1.28 billion as of March 31, 2014, an increase of 15% year-over-year. Unclear how many of these are bots originating out of Egypt and India.
 


Pivotfarm's picture

USA and EU: Banks Just Not Lending





So, they might be on the opposite side of the Atlantic Ocean, but the Europeans and the Americans have one thing very much in common.

 


Reggie Middleton's picture

A Visual Demo of the Future of Money: Zero Trust Digital Contracts





As I step ever closer to the advent of a new monetary system...

 


Bruce Krasting's picture

Taper Talk is Back - It's Not Going Away This Time





When the Taper Talk sign is on, beware. The sign is now brightly lit.

 


Tyler Durden's picture

Guest Post: Labor Day 2013 - How To Get And Keep A Job In A Fast-Changing Economy





In the 21st century economy, if you want to stay employed, seek out a field that is ascending rather than declining. Most people understand that technology is fundamentally changing the nature of work and employment. These changes are also having a profound effect on the state of the US economy...

 


Tyler Durden's picture

The Fed, The Ponies, And Sunk Costs





Accounting for “Sunk costs”money already spent that cannot be retrieved – is likely both the best understood and most widely ignored bit of wisdom on Wall Street and beyond.  As ConvergEx's Nick Colas notes, whether you buy a stock or make a corporate investment or purchase a theater ticket, that money is gone forever.  If the investment doesn’t pan out or you hear that the play stinks, you are better off cutting your losses or, in the case of the ticket, just going out to dinner.  But, Colas quickly reminds us, that is way easier said than done, as apparently humans are generally hard wired to fall further in love with whatever they have already chosen.  The single largest sunk investment of recent decades is the Federal Reserve’s bond buying program, with $2.4 trillion in QE 1, 2, and 3 on the line. Tomorrow, we’ll get a another glimpse of how well the Federal Open Market Committee knows its sunk cost theory – and what they know about Friday’s jobs number.

 


Sprott Group's picture

The Dijssel-Bomb





This past March, Jeroen Dijsselbloem, the head of the finance ministers of the eurozone, shocked the markets with seemingly off-the-cuff comments suggesting that the Cyprus banking solution will, “serve as a model for dealing with future banking crises.1 Depositors across Europe took a collective gasp of horror – could banks possibly confiscate depositors’ funds in a form of daylight robbery? Indeed they could, and last week the Bank for International Settlements (“BIS”), the Central Bank's Central Bank, published what we have referred to as ‘the template’; a blueprint outlining the steps to handle the failure of a major bank and the conditions to be met before ‘bailing-in’ deposits.

 


Tyler Durden's picture

Frontrunning: June 10





  • In Hong Kong, ex-CIA man may not escape U.S. reach (Reuters)
  • Backlash over US snooping intensifies (FT)
  • Apple to Revamp IPhone Software, Ending Product Funk (BBG)
  • Nothing like revising history: Japan revises up Q1 growth to annual 4.1% (FT), just don't look at the trade deficit
  • Coffee Exports From Indonesia Seen Slumping to Two-Year Low (BBG)
  • Euro bailout Troika nears end of road with patchy record (Reuters)
  • Treasuries Little Changed Before Bullard Speaks Amid QE Debate (BBG)
  • Schwab Topping Goldman Sachs Presages Return to Stocks (BBG)
  • Hedge funds take over another city: London’s Forced Renters Fuel Apartment Investing Boom (BBG)
 


Tyler Durden's picture

Frontrunning: May 29





  • South China Sea tension mounts near Filipino shipwreck (Reuters)
  • OECD cuts economic forecasts as eurozone drags on growth (FT)
  • Switzerland frees banks to settle U.S. tax evasion cases (Reuters)
  • U.S. Says Firm Laundered Billions (WSJ)... no, it's not HSBC, also: Free Corzine!
  • Ardent conservative Bachmann to not seek re-election to Congress (Reuters)
  • Russia faults U.S. over 'odious' Syria rights resolution (Reuters)
 


Tyler Durden's picture

Frontrunning: May 24





  • The deeper agenda behind "Abenomics" (Reuters)
  • BoJ governor Haruhiko Kuroda promises to stabilise bond market (FT)
  • Obama Sees Sunset on Sept. 11 War Powers in Drone Limits (BBG)
  • Lower CPMs for everyone: FTC Begins Probe of Google's Display-Ad Business (WSJ)
  • Apple’s Tax Magic Leaves Irish Bondholders Unmoved (BBG)
  • Asia Goes on a Debt Binge as Much of World Sobers Up (WSJ)
  • All hail Gazpromia: UK gas supply six hours from running out in March (FT)
  • Spain’s banks face €10bn more provisions (FT) ... and then more, and more, and more
  • Truck strike may have caused Washington state bridge collapse, officials says (Reuters)
  • P&G Says A.G. Lafley Rejoins as Chairman, CEO (BBG)
  • Five Key Things About the SAC Insider Case (BBG)
 


Tyler Durden's picture

Frontrunning: May 23





  • Global shares sink, following 7.3 percent drop in Japan's Nikkei (Reuters)
  • When all fails, pull a Kevin Bacon: Japan Economy Chief Warns Against Panic Over Stock Sell-Off (BBG)
  • White House Feeds IRS Frenzy by Revising Accounts (BBG)
  • In any scandal, lying to Congress is tough to prove (Reuters)
  • Debt limit resets at higher level, budget impasse grinds on (Reuters)
  • China factory data to test political calculations (FT)
  • European Leaders Saying No to Austerity (BBG)
  • And yet, nobody wants in anymore: Iceland’s new coalition government suspends EU accession talks (FT)
  • Oil Manipulation Inquiry Shows EU’s Hammer After Libor (BBG)
  • The Fed Squeezes the Shadow-Banking System (WSJ)
  • Diamond Said to Weigh Backing Barclays Alumni in Venture (BBG)
  • Spain’s Private Jets Disappearing as Tycoons Cut Flights (BBG)
 


Tyler Durden's picture

Frontrunning: May 22





  • Apple Bonds Stick Buyers With $280.6 Million Loss as Rates Climb (BBG)
  • Iceland Freezes EU Plans as New Government Shuns Euro Crisis (BBG)
  • "Transparent Fed" - Ben Bernanke meets privately with Darrell Issa (Politico)
  • Bank of Japan vows market steps to curb bond turbulence (Reuters) holds policy (FT)
  • Stockholm riots spread in third night of unrest (FT)
  • Dudley Says Decision on Taper Will Require 3-4 Months (BBG)
  • Senate panel passes immigration bill; Obama praises move (Reuters)
  • Italy to outline youth jobs plan as government struggles (Reuters)
  • Apple CEO Tim Cook, Lawmakers Square Off Over Taxes (WSJ)
  • Google Joins Apple Avoiding Taxes With Stateless Income (BBG)
  • Sony Board Discussing Loeb’s Entertainment IPO Proposal (BBG)
  • Vote Strengthens Dimon's Grip (WSJ), Dimon performance well choreographed (FT)
 


Tyler Durden's picture

Frontrunning: May 21





  • IMF Tells Central Europe to Spend More (WSJ)
  • Tornadoes Blast Oklahoma (WSJ)
  • Frenetic search for survivors as 91 feared dead in tornado-hit Oklahoma (Reuters)
  • JPMorgan investors on edge over vote on Dimon; what if they win? (Reuters)
  • Wealthy bank depositors to suffer losses in EU law (Reuters)
  • Yen Slips as Amari Backtracks (BBG)
  • Japan Ready for More Yen Weakness Despite Recent Comments (WSJ)
  • IRS officials back on Capitol Hill hot seat over targeting (Reuters)
  • Li Keqiang pledges China boost to India trade (FT)
  • Europe's Recession Sparks Grass-Roots Political Push (WSJ)
  • Obama and Xi to meet in effort to calm growing US-China rivalry (FT)
  • Berlin plans to streamline EU but avoid wholesale treaty change (FT)
  • France must reform or face punitive measures - EU's Oettinger (Reuters)
 


Tyler Durden's picture

Frontrunning: May 20





  • Obama's Counsel Was Told of IRS Audit Findings Weeks Ago (WSJ)
  • North Korea fires sixth missile in three days (Reuters)
  • Enron No Lesson to Traders as EU Probes Oil-Price Manipulation (BBG)
  • Don't cry for me, Eurozone: Thinking the Unthinkable - Quitting a Currency (WSJ)
  • H-1B Models Strut Into U.S. as Programmers Pray for Help (BBG)
  • Gold Bear Bets Reach Record as Soros Cuts Holdings (BBG)
  • Yahoo has agreed to pay $1.1 billion for Tumblr (WSJ)
  • JPMorgan Holders Led by Chairmen-CEOs to Vote on Dimon (BBG)
  • Apple faces grilling over US tax rate (FT)
  • Nissan to Sell First Joint Minicar to Expand in Japan Market (BBG)
  • Fierce battle for corporate loans sparks US bank risk concerns (FT)
  • Microsoft Updates Xbox as Apple to Facebook Gain in Games (BBG)
 


Tyler Durden's picture

Frontrunning: May 17





  • Mine union threatens to bring South Africa to 'standstill' (Reuters)
  • Russia Raises Stakes in Syria (WSJ) - as reported here yesterday 
  • Japan buys into US shale gas boom (FT)
  • Bill Gates Retakes World’s Richest Title From Carlos Slim (BBG) - so he can afford a Tesla now?
  • China Wages Rose Sharply in 2012 (WSJ)
  • Regulators Target Exchanges As They Ready Record Fine (WSJ)
  • Citi Takes Some Traders Off Bloomberg Chat Tool (WSJ)
  • After Google, Amazon to be grilled on UK tax presence (Reuters)
  • Apple CEO Cook to Propose Tax Reform for Offshore Cash (BBG)
  • French, German politicians to pressure Google on tax (Reuters)
  • Gold Bears Revived as Rout Resumes After Coin Rush (BBG)
  • A stretched Samsung chases rival Apple's suppliers (Reuters)
 


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