Facebook just reported its second quarter earnings. The company modestly beat Wall Street’s expectations, which were unnaturally low, having been spoon-fed by the company during its Q2 IPO process. “These earnings are meh,” one equities analyst just...

Asian markets are trading modestly higher on expectations that the Fed will announce QE3, and on reports that Europe might take steps to stem the region’s sovereign debt crisis. Markets are also up after the Dow Jones...