Marketplace Morning Report for Tuesday, August 6, 2013
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Amazon CEO Jeff Bezos snapped up The Washington Post yesterday, along with some other papers, for $250 million. Like most papers, the Post has been losing readers and advertisers. We take a look at what made Bezos do it. One of London's largest financial markets could be moved from the U.K. to the U.S. by its new American owner. London International Financial Futures Exchange, or LIFFE, could be coming stateside. And, today we'll get an earnings report from First Solar, Inc. The American solar panel manufacturer has been branching out by building large-scale solar power projects -- partially in response to the plummeting price of solar panels.
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After a long winning streak, the price of gold has been going down. Why would an internet mogul like Jeff Bezos buy a fading journalistic institution like The Washington Post? And, when it comes to cars, there are brands for rich people and there are cars for people of more modest means. But just as many people at the bottom of the income ladder buy Jeeps as people at the top.
Posted In: Housing, first-time home buyer, Phoenix
President Obama will be in Phoenix today, continuing his national tour focusing on the economy. The president is promoting home ownership for the middle class. But there is tension between Obama's message and the reality for many first-time buyers.
Posted In: Jeep, Chrysler, income, wealth, cars
When it comes to cars, there are brands for rich people -- Mercedes, Audi, BMW -- and there are cars for people of more modest means -- Chevys, Fords, Toyotas. But just as many people at the bottom of the income ladder buy Jeeps as people at the top.
Posted In: Europe, automated trading, London
The London International Financial Futures Exchange is considering a move to the U.S. That should make transactions marginally faster, but is this a wise move?
Posted In: solar, manufacturing
First Solar, Inc., has branched out into planning and building large-scale solar power. That strategy has helped the American company rise above plummeting prices for solar panels.