SAN FRANCISCO (KRON) – On today’s edition of Rob Black’s Winners and Losers, our financial expert Rob Black and KRON 4’s Mark Danon talk about Facebook, Steph Curry’s shoes and credit card fees.
Wall Street is going nuts for Facebook after its incredible quarter. Revenue was up 59% year-on-year, and daily active users were up 17%. The stock rocketed 8% in after-hours trading, reaching an all-time high, before settling at about 5.5% up.
When NBA MVP Steph Curry debuted his new Curry 2 Low “Chef Curry” shoes in June, the internet threw up their hands in an uproar. The brand wasn’t about to blow it all by designing something fanciful and outlandish. And they didn’t. The shoe completely sold out as of July 20th. The Chefs themselves accounted for 5% of the sales of the Curry 2 line.
The number of fees tacked onto credit cards is shrinking, according to a new study from CreditCards.com. In particular, travelers overseas are increasingly able to charge a meal or buy souvenirs without paying a foreign transaction fee, which would typically add another 3% to their bill.
Rob Black answers Randy’s question: Why is everyone talking about dividends?