Market Minute: Another Wild Week on Wall St.; Netflix Seeks Cable Deals

Before you go, we thought you'd like these...
Before you go close icon

It's shaping up to be another wild week on Wall Street, and Netflix pursues a novel deal with cable-TV providers. Those stories and more is what's in Monday's Market Minute.

The Dow Jones industrial average (^DJI) gained more than one percent in volatile trading last week dominated by the budget and debt ceiling wrangling in Washington. The Standard & Poor's 500 index (^GSPC) was modestly higher, but the Nasdaq composite index (^IXIC) edged lower.

Most banks are closed for Columbus Day, but the stock market is open, and the maneuvering in Washington will remain the focus for investors as the debt ceiling deadline closes in. Stock futures are lower as investors worry that what once seemed impossible -- a federal default -- is getting all too real. Some economists warn that a default could throw the economy into a free-fall decline. That worry is likely to overshadow a big week in corporate earnings.

Earns Netflix (In this April 22, 2011 photo, the logo of Netflix is displayed at the headquarters in Los Gatos, Calif. Netflix I
Paul Sakuma/AP
Netflix (NFLX) is said to be in talks with Comcast (CMCSA, CMCSK) and other pay-TV providers. The Wall Street Journal reports they're discussing a Netflix app for set-top boxes, making it possible for cable subscribers to access Netflix programs.

Facebook (FB) has reportedly acquired Israeli app-maker Onavo. The company makes an app to help mobile phone users cut costs by making their use of data more efficient. It could help the expansion of the Internet in developing nations.

General Motors (GM) today opens a metal stamping plant in Arlington, Texas, right next door to the assembly plant for its Tahoe and Yukon SUVs. Parts for those vehicles had been made in Michigan and Ohio, so this new facility will save time and transportation costs, and improve the company's profit margins.

And the European airplane maker Airbus says it expects to take back the worldwide lead from Boeing (BA) in the next four or five years. The Airbus chief told a German paper that his company will exceed its goal of 1,000 new orders this year.

-Produced by Drew Trachtenberg.

Ways to Make Money on the Side
See Gallery
Market Minute: Another Wild Week on Wall St.; Netflix Seeks Cable Deals
PA for a day gives users the opportunity to hire a temporary personal assistant to do office work, run errands, walk pets, or do dozens of other jobs. While the website is great for harried professionals, it may be even better for workers looking to bring home a paycheck on a flexible schedule. If you're looking for a good-paying, short-term job where you can set your own schedule, why not drop them a line?
Are you good at putting together IKEA furniture? Do you have time to pick up a Craigslist item? Are you willing to go grocery shopping for someone else? If you answered yes to any of these questions, maybe you should think about joining TaskRabbit, a website where you can submit bids to do odd jobs. Depending on the task -- and on the area where you live -- you can make more than $40 per job.
Can you do a good celebrity voice imitation? Are you willing to film yourself wearing a hot dog suit and singing "Happy Birthday"? Are you a good artist? On, "the world's largest marketplace for small services," you can transform your cool skills into cool cash. Basically, you create a listing with the skill that you are willing to offer, set a price (usually $5 and up), and work on finding clients.

At this point, Etsy is hardly a moneymaking secret, but most people don't realize how easy it is to turn the do-it-yourself marketplace into a thriving business. As our earlier article on Fifty Shades of Grey demonstrated, the site makes it easy for an enterprising DIY-er to piggyback onto the latest pop culture trend.

Photo: Etsy

If you've ever wanted the joy of hanging out with a dog, but didn't want to sign on for the long-term commitment, you might consider joining Dog Vacay. The website pairs dog owners with dog lovers who are willing to babysit them for a short term. Prices start at $15 per night, but "hosts" can set their own rates. You're also allowed to take care of up to three dogs at a time, which means that -- if you're looking for a way to make some money on the side and don't mind sharing your couch with a furry friend -- this might be a great way to get some extra bucks.
Read Full Story

People are Reading