Welcome to the weekly edition of What’s Hot In Stock Market News. To help you stay up to date with Shares and Stock Markets, here are some of the news items that caught my attention this week.
What’s New This Week?
Facebook To Acquire Mobile Messaging Service WhatsApp For $19 Billion: Remember back in 2012 when a billion dollars seemed like alot of money to pay for a fast-growing photo-sharing app called Instagram? Turns out that’s nothing. Facebook has just announced plans to purchase mobile messaging service WhatsApp for at least 16 times that.
Gucci Loses Shine But Kerring CEO ‘Not Worried’: Gucci could be losing its lustre, after reporting fourth quarter stagnating sales growth on Friday. However, the CEO of parent-company Kering told CNBC he was unconcerned by the slowdown.
BAE Warns US Budget Cuts To Hit Bottom Line: BAE Systems posted a 3% rise in full-year profit on Thursday, in line with analysts’ expectations and said it expected continuning US budget pressures to reduce earnings per share by 5-10 percent this year compared to 2013.
Air France-KLM Net Loss Widens On Tax Charge: Air France-KLM on Thursday posted a full-year net loss of 1.83 billion euros ($2.51 billion), much wider than analysts expected due to a tax impairement charge, but returned to profit at operating profit level.
How The Big Money Is Betting On Gold Now: Options traders are betting on gold. Three massive trades in the gold ETF executed over the past three weeks imply a beleif that gold will rise by 5 to 7% by the end of the year. Of all the options currently trading in the SPDR Gold Trust (NYSE: GLD), the most active is the December 130-strike call with nearly 66,000 contracts currently open on the name.
Image: Gold Coin On Wooden Table