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Facebook Celebrates 10 Years as January Jobs Report is Released

By: , dated February 7th, 2014

Weekly Wrap Up

The week began with the worst start in February since 1933 but ended on a high note as all three main U.S. indices ended in the green on Friday. On Tuesday of this week Facebook (FB) celebrated its 10th birthday. Over the past 10 years Facebook has become one of the top social network sites and has over 1.23 billion members worldwide. CVS Caremark (CVS) made the decision this week that they will cease selling tobacco products in all of their stores. Despite tobacco products bringing in approximately $2 billion annually, the company believes that tobacco doesn’t align with its company message of health and wellness.

After months of searching Microsoft (MSFT) named its new CEO, Satya Nadella. Nadella is set to become the third CEO in Microsoft’s history and has been working for the company for the past 22 years. The jobs report for January was released this week and didn’t meet expectations. In January only 113,000 were added, far less than the 189,000 expected. But on a positive note the private sector added 175,000 jobs last month.

Economic News

U.S. Employment Fails to Rebound Strongly From Winter Chill
U.S. employers hired far fewer workers than expected in January and job gains for the prior month were barely revised up, suggesting a loss of momentum in the economy, even as the unemployment rate hit a new five-year low of 6.6 percent. (Source: Yahoo Finance ) Click here to read the full article

Fed Should Plan to Lift Interest Rates This Year
The Fed shouldn’t, and doesn’t, look at only one economic indicator. But the jobless rate is quite revealing because it combines in essence its two mandates — full employment and contained inflation — into one number. (Source: MarketWatch) Click here to read the full article

Business News

Five Stocks to Watch in February
2014 started out with a bang, as the S&P 500 Index reached a new all-time high of 1850.84 on January 15th. While the Dow, which made its all-time high in December, was still trading at 16,500 in early January, since then, the market has sold off sharply, with the S&P 500 Index losing over -100 points and the Dow off -1,000. (Source: InvestorGuide) Click here to read the full article

J.C. Penney (JCP) Slides on Good News, Bad Reviews
Shares of Plano, Texas, based J.C. Penney Co. Inc. (JCP) fell $.60 to $5.08 per share, a decline of 10.56% on volume of nearly 112 million shares. (Source: InvestorGuide) Click here to read the full article

Jos. A. Bank (JOSB) Rejects Men’s Warehouse Bid, In Talks with Eddie Bauer
Shares of Jos. A. Bank Clothiers Inc. (JOSB) were down -2.60 or -4.67 percent to $53.11 per share in pre-market trading on Monday after the company announced on Sunday it was rejecting the latest bid from The Men’s Wearhouse Inc. (MW).  (Source: InvestorGuide) Click here to read the full article

Technology Focus

LinkedIn (LNKD) Stock Plunges on 2014 Guidance
Shares of LinkedIn Corp. (LNKD) were trading at $207.79 off -15.66 or -7.01 percent in pre-market trading this morning, after the company announced fourth quarter and 2013 full year results after the market close yesterday afternoon. (Source: InvestorGuide) Click here to read the full article

Time To Buy Social Networks? Twitter, LinkedIn Down But Not Out
This week, two social network wunderkinds, Twitter and LinkedIn  -6.47%, saw their stock crash after Wall Street didn’t like what it heard of quarterly earnings. (Source: Forbes) Click here to read the full article

Your Money

I Can’t Pay My Taxes. What Do I Do? 
As much as we’d all like a refund this tax season, not everyone gets money back from the IRS. If you’re not prepared for it, owing money on your taxes can seriously stress your budgets and, potentially, your credit. (Source: Yahoo Finance) Click here to read the full article

3 Tips for Raising Financially Savvy Kids 
Good money habits are one of the most important things parents can teach their children. The tricky question is, how? (Source: Business Insider) Click here to read the full article

This article was brought to you by the InvestorGuide Staff Writers and Editors.

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