The Rich

Wealthy Go Frugal

About two weeks ago, Cotton Timberlake wrote an article on Bloomberg that detailed the changing consumer habits of the wealthy.  I certainly found it to be interesting, and decided to write about it so many days later. Read the full article for all the tasty information. The Details The $94 billion U.S. luxury market is…

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Facebook to raise $3.85 billion

The Details Facebook will be selling $3.85 billion worth of shares. This will be accomplished by selling 70 million shares at a price of $55.05. 27 million shares will be offered by the company; 41.35 million by Mark Zuckerberg himself; and 1.65 million shares will come from Marc Andreessen, a board member of Facebook. The…

Fed I

Fed tapers its stimulus

The Details Starting in January, the Fed will reduce its $85 billion in bond purchases each month by $10 billion. This $10 billion cut entails a $5 billion from both treasuries and mortgage-backed securities. It is expected that this new cut signifies the beginning of the end to the Fed stimulus. Still, many believe the…

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Facebook less appealing to teens

Teenagers are leaving Facebook. For what reason? Where are they going? Are they even important? The Details 23% of teens now use Facebook, down from 33% in the spring 26% of teens are on Twitter, compared with 30% back in the spring Instagram use grew to 23% from 17% since the spring The number of…