Posts by Yahoo Finance
Hang on to your devices – there may be help on the way for frustratingly slow in-flight WiFi – for a price.
The Federal Aviation Administration this week gave Gogo (GOGO) approval for technology that could boost WiFi speeds to more than 70 Mbps, more than 20 times faster than current speeds in-flight.
Gogo, the dominant player in the space, currently handles WiFi service on some 2,400 planes and plans to build out the faster service on more than 500 planes next year. But that dominance has allowed Gogo to raise prices at a somewhat alarming rate if you’re a frequent traveler.
The New York Times did an analysis of in-flight prices and found that prices for WiFi on some transcontinental flights have more than doubled from three years ago.
So while the quality may be speeding up, price increases are likely to speed up as well.
More from Yahoo Finance
Welcome you weary traders. It's finally the weekend which means we're mixing up a fresh round of Yahoo Finance's weekly cocktail.
Stocks sent investors on a bit of a roller coaster ride this week with a mix of sour down days and sweet rallies. So we thought we should follow suit with a real classic that's a little bit of both -- the Bee's Knees. But after the week we've had, here at Yahoo Finance we're calling it the Wild Ride.
You have two full days of closed markets to sit back, relax and make yourself and your fellow investing warriors a nice cocktail. Here's how to do it:
Take an empty cocktail shaker and add two ounces of your favorite gin, a half ounce of fresh lemon juice and a half ounce of honey syrup - that's equal parts honey and hot water.
Give it all a stir to dissolve the honey syrup and then fill the shaker full of ice.
Give it a shake for about ten seconds and strain into a cocktail glass.
And there it is, the Yahoo Finance Wild Ride.
Here's to a calmer Wall Street next week! Enjoy!
More cocktails from Yahoo Finance:
After a volatile five trading days, stocks are lower, but markets seem to have calmed down heading into the end of the week.
Here are some of the other stories Yahoo Finance is keeping an eye on today.
What happened to the rally? Stocks (^GSPC) having a tough time adding to the big two-day run that saw the Dow (^DJI) pick up almost 1000 points. However, those two days of gains still didn't bring the indexes back to where they were last week when they began a nasty 6-day slide. And yesterday's session was punctuated by a big afternoon downturn before investors jumped back in to drive stocks higher at the close.
As Yahoo Senior Columnist Michael Santoli points out, all these things indicate Wall Street is still a long way from returning to relative calm.
"Just the extreme jumpy nature of the market itself is a bit of a warning sign," he explains. "These are the kinds of move you see in an unstable, unhealthy market that doesn't have its footing and has basically lost the grounding in certain trends."
Big Lots big earnings
Now here are some of the stocks the Yahoo Finance team will be watching for you today.
U.S. stocks (^DJI, ^GSPC, ^IXIC) continue their surge for a second day, helped in part by yesterday's comments from New York Fed President William Dudley that suggested Janet Yellin and company may not be so quick to raise rates given the current environment.
More from Yahoo Finance:
Wall Street is on a roll...and the world is following suit. Stocks are higher around the globe following yesterday's massive rally in U.S. equities that ended a nasty 6-day slide. The Dow Jones Industrial Average (^DJI) put in an historic performance, rising 619 points, it's third biggest point gain of all time.
However, Yahoo Finance Senior Columnist Michael Santoli says we really can't tell if the big August selloff is finally over.
"This is a fitful market which is understandable given this volatility shock," he notes. "The market has a lot of work to do-- it has to repair itself for a while. And that's what this back and forth day-to-day trading is basically all about."
Investors are getting a bit of a surprise about the U.S. economy today...the Commerce Department's revised reading of second quarter GDP saw a gain of 3.7%, up from the initial 2.3% estimate and higher than economists had forecast. Santoli believes that news puts the idea of a Fed interest rate hike in September back on the front burner.
Yahoo Finance at Yahoo Finance 3 days ago