(Hot Trends article updated with information on the European banking stress tests and ticket distributor TicketFly.)NEW YORK ( TheStreet) -- "Stress tests" is a hot trend on the Internet today following news that stress tests conducted among the European banking sector resulted in only 7 failures out of 91 European banks. Stocks extended gains today on increased confidence in the banking sector and lower-than-expected capital shortfalls, coming in at $4.5 billion. In addition, spot gold prices inched lower as the U.S. dollar rose against the euro.
TicketFly is a popular search topic today after the company announced that it will be selling tickets to Virgin Mobile FreeFest. TicketFly, founded in 2008, intends to compete with big name ticket distributors by keeping ticket prices 30% cheaper than Ticketmaster's. It also promises to charge lower convenience and printing fees, and provide discounts for buyers who spread word of the company via social media. Tickets to the Virgin Mobile FreeFest go on sale at 10 a.m., July 24.
The Boston Globe is trending today following corporate parent New York Times ( NYT) announcing its results for the second quarter. The company saw earnings drop 18% due to the impact of taxes, but revenues increased 1.2%. Circulation revenue was up 3.2% to $234.8 million from $227.5 million due to higher subscription and newsstand prices at The New York Times and The Boston Globe. Print advertising revenues dropped 6.1%, while digital advertising gained 21.2% due to its evolving media marketplace activity.
Tropical Storm Bonnie is approaching the Gulf of Mexico and disrupting the BP ( BP) oil spill cleanup efforts. While the storm isn't expected to become a hurricane, the choppy waves and the gusty winds from the storm will most likely cause some major cleanup effort delays at the oil spill site over the weekend. Thad Allen, a retired Coast Guard admiral who has been managing the cleanup efforts, has ordered ships to head for land and evacuate the spill site. Bonnie is expected to make landfall between Texas and Alabama on Sunday. 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. Follow Theresa McCabe on Twitter and become a fan on Facebook.