(Hot Trends article updated with new information on rising home prices and the new Harley-Davidson 2011 models, joining credit card fees, UBS, Office Depot, iMac, Greenpeace BP and Pepco as trending topics online Tuesday.)
NEW YORK (
) -- Home Prices is a hot search topic today after the Standard & Poor's/Case-Shiller 20-city index of
in May year-over-year. This is stronger than the expected 3.9% increase.
However the housing market is still recovering, and many economists say this increase in home prices won't continue through 2010.
IHS Global Insight economist Patrick Newport expects that home prices will fall between 6% and 8% before rebounding in 2011.
"I bet in six months 15 to 20 cities will have falling prices," said Newport.
"Harley-Davidson 2011 Models" is a trending search topic on the Internet today following the debut of the company's three new motorcycle models for 2011 within the Sportster, Softail and Touring families.
The new model prices range from the SuperLow, in the Sportster, family starting at $7,999; to the CVO Ultra Classic Electra Glide, in the Touring family, starting at $36,499.
The motorcycle company recently announced that it has opened its first three dealerships in India and has plans to launch two more in 2010.
are down today more than 2.5% to around $28.
"Credit Card Fees" is another trending topic on
, following the release of a study by the Federal Reserve Bank of Boston on Monday.
The consumer finance data showed that high-income credit card users are more likely to benefit from credit card rewards simply because they spend more than low-income users, and because people on a low income are less likely to even have a credit card.
"On average, and after accounting for rewards paid to households by banks, the lowest-income household ($20,000 or less annually) pays $23 and the highest-income household ($150,000 or more annually) receives $756 every year," Schuh, Oz Shy, and Joanna Stavins wrote in the report.
The report suggests that consumer welfare could be increased by reducing merchant fees and card rewards.
is a popular search term on the Internet today after its second quarter earnings report showed that
of 2 billion Swiss francs ($1.9 billion) from a year-earlier loss of 1.4 billion francs.
Now that the Swiss parliament has approved closer cooperation with the Internal Revenue Service, UBS expects to end its U.S. regulatory problems.
UBS shares are up more than 8% to around $16.40.
iMac and "Magic Trackpad" are trending search terms following the release of
newest version of its desktop computer, the iMac. The improved model is equipped with a new graphics card and uses Intel's fastest and most recent processors. The 21.5-inch iMac starts at $1,999.
"We took the world's best all-in-one and made it even better," said Philip Schiller, senior vice president of Apple's worldwide product marketing. "With the latest processors, high-performance graphics and signature aluminum and glass design, customers are going to love the latest iMac."
The new computer also offers what the company calls a "Magic Trackpad." This product is a Bluetooth device that allows users to swipe, pinch to zoom, scroll with their fingers similar to an iPhone or an iPad. It has over four months of battery life and costs $69.
is a hot search phrase today after the company reported a
Office Depot lost $18.7 million during the second quarter, or 7 cents a share, compared with a loss of $82.6 million, or 31 cents, compared to a year ago. Analysts expected a loss of 17 cents a share.
Investors, apparently relieved when they saw the figures, sent
higher by 6.8% this morning to $5.05 in pre-market trading. But the stock has since shed those gains, and more, plummeting by 5.5% to $4.47 in late morning trading.
"Greenpeace BP" is a trending topic this morning following news that activists from the environmental group Greenpeace have cut off the fuel supplies to more than 40
gas stations in London.
Around 75 activists from the environmental group shut down 46 stations to protest the oil company.
BP released its quarterly report today, in which it announced a $17.15 billion loss. The company recently announced plans to replace Chief Executive Officer Tony Hayward on October 1 with managing director Bob Dudley.
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Pepco is a hot search term today following news that around 138,000
customers in the Washington D.C. area are still without power.
About 280,000 homes lost power on Sunday after a severe thunderstorm downed power lines across the District of Columbia, Maryland and Virginia. Crews continue to work to repair the damage from the storm, but Pepco officials say that for some power could be restored as late as Thursday.
The chatter on Main Street (a.k.a. Google) is always of interest to investors on Wall Street. Thus, each day, TheStreet compiles the stories that are trending on Google, and highlights the news that could make stocks move.
-- Reported by Theresa McCabe in Boston.
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