Hot Trends article updated with breaking Goldman Sachs news.
NEW YORK (
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.
Goldman Sachs is blowing up search engines on the Internet, after the Securities and Exchange Commission accused the brokerage firm of fraud.
The SEC claims Goldman did not disclose conflicts of interest in mortgage investments it sold to investors as the housing market collapsed. This resulted in investors in the mortgage securities losing more than $1 billion, the SEC said.
John Paulson is also being linked to these allegations, as the SEC is alleging that his hedge fund, Paulson & Co., paid Goldman to short these mortgages.
The volcano eruption that shook Iceland continues to dominate Google searches as it interrupts flights across Europe. Half a dozen European nations have closed their airspaces as precaution to dangerous clouds.
and American Airlines, which is owned by
, all announced delays and cancellations.
Bank of America
is a trending topic, after it posted better-than-expected first-quarter earnings.
The bank posted a profit of $3.2 billion, or 28 cents per share, on revenue of $32 billion for the three months ended in March. Analysts were calling for earnings of 9 cents a share, on revenue of $28 billion.
Bank of America received a boost from better credit quality and strength in its capital markets business.
is also making headlines for its strong first-quarter earnings report.
The largest U.S. conglomerate reported earnings of $1.9 billion, or 17 cents per share, on revenue of $36.6 billion. Analysts predicted a profit of 16 cents a share on revenue of $37.1 billion.
GE also provided a bullish outlook, hinting at possible upside in its prior outlook for flat earnings in 2010, along with further restructuring.
YouTube is causing a rush of people to download
Flash Player 10.
Online users without the newest version of the Adobe software reportedly have been unable to play YouTube videos after a recent upgrade to the site.
-- Reported by Jeanine Poggi in New York.
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