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In China, highly educated women are mocked as a sexless “third gender”

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6 hours ago

Amazon beats Wall Street expectations while Google doesn’t.

  Jeff Bezos’ e-commerce company posted a rare quarterly profit, earning 45 cents a share—more than double the 17 cents analysts were expecting. Unsurprisingly, Amazon’s stock is surging in after-hours trading. Google, on the other hand, missed on both revenue and earnings expectations. Its shares initially fell 3% but then quickly reversed the decline.
January 29, 2015

Oil hasn’t been this cheap since 2009.

  The price of a barrel of crude—specifically front-month West Texas Intermediate futures—is now less than $44 (paywall). That’s a 60% decline since June 2014. A senior OPEC official says prices will rebound soon, and he even predicted a spike to $200 per barrel if investment in new supply capacity is too low.
January 29, 2015

Vacations in Cuba may soon be an option for American tourists.

  A bipartisan group of senators has introduced legislation that would let any American visit Cuba. Currently, even under recently relaxed rules, Americans can only visit if their trip falls into one of 12 special categories (not including tourism). The travel booking site Kayak also just announced the addition of Cuban routes.
January 29, 2015

Nickelodeon heads to the internet while Showtime goes north.

  The head of Viacom—Nickelodeon’s parent company—says the children’s channel will be offered directly to consumers over the internet starting next month, though no pricing information was revealed. Separately, CBS-owned Showtime has signed a deal to bring its content to Canada, marking the first time Showtime has gone outside the US.
January 29, 2015

British paid-TV service Sky to enter the mobile phone market.

  With over 10 million customers in the UK, Sky—39% owned by Rupert Murdoch—will piggyback off of Telefonica UK’s wireless network, equipping the satellite broadcaster to offer mobile and data services. The move, known as a “quad play” (TV, internet, landline, wireless), is considered a big growth area for the country’s telecom companies and broadcasters.
January 29, 2015
Chart of the Moment

Facebook’s international monetization problem.

January 29, 2015

Alibaba’s stock is getting hammered.

  The Chinese e-commerce giant posted a 40% increase in revenues, for a total of $4.22 billion. But that didn’t satisfy investors, who were aiming for $4.42 billion. The stock fell 8% in pre-market trading following the news. The reaction is probably related in part to the scandal surrounding the Chinese government’s Jan. 28 release of a secret white paper condemning Alibaba for illegal activity.
January 29, 2015

Royal Dutch Shell prospers despite the oil glut.

  Europe’s largest oil company posted a 12% increase in adjusted fourth-quarter earnings. CEO Ben van Beurden, who warned against overreacting to falling oil prices, nevertheless announced a three-year $15 billion plan to cut spending.

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