The Twitter-24/7 Wall St. Market Report (5/13/2011): Consumer Prices

Investing

Published: May 13, 2011 8:59 am

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Twitter has, by most estimates, 175 million members, which makes it one of the largest social networks in the world. All major media companies are on Twitter and some have more than one million Twitter users. It raises the question of whether there is wisdom in crowds.

24/7 Wall St. will look at the Twitter posts at Reuters Biz, WSJ, Financial Times, CNN Money, MarketWatch, CNBC, and 24/7 Wall St. each day to see which stocks are most frequently mentioned. It is clear that in this area of social media these tweets are a sign of which companies the Twitter universe is interested in. Together, these financial sites are followed by nearly 1,000,000 Twitter users, which makes them a sizeable sample of Wall St.’s interests. In some cases, we will publish the actual tweets from the sites.Twitter has, by most estimates, 175 million members, which makes it one of the largest social networks in the world. All major media companies are on Twitter and some have more than one million Twitter users. It raises the question of whether there is wisdom in crowds.

NYT: Yum Bids for Chinese Hot Pot Chain http://nyti.ms/mshfSZ

Bloomberg: Germany and France Power Euro-Area Growth – http://ow.ly/4TI55

MSNBC: 10 states with the largest lottery jackpots http://on.msnbc.com/iWOkWZ

WSJ: Bank of Korea Trips Up Economists, Again http://on.wsj.com/kz3hjM

WSJ: Dr Reddy’s Quarterly Profit Doubles http://on.wsj.com/ieP2zd

NYT: Rising Food and Gas Costs Push Up Consumer Prices http://nyti.ms/ixDYxx

WSJ: Correction: consumer prices rose a seasonally adjusted 0.4% from March, not 4% http://on.wsj.com/iCd4r4

Douglas A. McIntyre

The Average American Is Losing Their Savings Every Day (Sponsor)

If you’re like many Americans and keep your money ‘safe’ in a checking or savings account, think again. The average yield on a savings account is a paltry .4% today, and inflation is much higher. Checking accounts are even worse.

Every day you don’t move to a high-yield savings account that beats inflation, you lose more and more value.

But there is good news. To win qualified customers, some accounts are paying 9-10x this national average. That’s an incredible way to keep your money safe, and get paid at the same time. Our top pick for high yield savings accounts includes other one time cash bonuses, and is FDIC insured.

Click here to see how much more you could be earning on your savings today. It takes just a few minutes and your money could be working for you.