Gold has gone from lustrous to full-blown loser. It's now down eight days in a row-- its longest streak lower in the last four years. Meanwhile silver's not shining either. Yahoo Finance! Senior Columnist Mike Santoli has more in the video above.
The biggest headline in corporate news this morning is about our company, Yahoo!(YHOO). It's buying Tumblr, the micro-blogging site. CEO Marissa Mayer tweeted an announcement at 8:13 eastern time. It reads, "I'm delighted to announce that we've reached an agreement to acquire Tumblr. We promise not to screw..." Sources say the Yahoo! board approved a purchase price of $1.1 billion dollars last night. This will be Yahoo's seventh acquisition and the biggest one since Mayer became CEO last July. Tumblr has a very young user base, so one of its selling points is a "cool factor." As for Yahoo!, the stock is up 70% in the last year.
There will be extra eyes today on Anadarko Petroleum (APC). On Friday the stock had a momentary flash crash. It wasRead More »from Gold & Silver Dented Again; Yahoo! Buying Tumblr; Star Trek Encounters Trouble