Stocks had one of their worst days of the year Wednesday as Greece reminded everyone that it is still Greece. The Dow narrowly steered clear of its first triple-digit point drop since December 28.
The Buzz – CNNMoney.com
WASHINGTON (MarketWatch) – President Barack Obama on Tuesday called on Congress to replicate its recent passage of the payroll tax cut extension by passing more bipartisan legislation to help the economy without getting distracted by the coming fall presidential election. “There is a lot more we can do, and there is plenty of time to do it,” Obama said during an event at the White House. He said Congress should take up other parts of his agenda, and mentioned specifically a proposal that would help more homeowners refinance underwater mortgages and a separate plan to small companies export. In addition, Obama said Congress should pass the so-called ‘Buffett rule’ to make sure that Americans with over million in annual income pay a 30% tax rate. Obama said the White House would continue to try to find ways to help the economy that don’t require congressional action. “Instead of spending the coming months in a lot of phony political debates, [and] focusing on the next election, I hope that we spend some time focusing on middle-class Americans,” Obama said.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Apple continues to be the market darling as investors eagerly anticipate more news about the iPad 3, and perhaps a dividend. The stock is up 24% in 2012.
The Buzz – CNNMoney.com
Small-cap stocks’ strong rebound just may continue, writes Rachel Koning Beals. Here’s a short list of economic and stock sectors where improved conditions should bode well for small-caps.
Asia investors will likely be keen to parse a preliminary survey of Chinese manufacturing and earnings from apparel firm Esprit in the week ahead.
Earnings surprises, a proxy battle and dividend increases stand out among the corporate headlines for early Friday.
It’s not just on the court that the NBA’s newest sensation is having an effect — Wall Street has also taken notice.
China is reportedly looking to step up its efforts to help Europe. But will this come at the expense of the United States?
The Buzz – CNNMoney.com
Baidu is often referred to as China’s Google. That might be insulting to Baidu.
The Buzz – CNNMoney.com
CHICAGO (MarketWatch) — The Sunday night CBS telecast of the 54th Annual Grammy Awards drew nearly 40 million viewers, the biggest audience for the ceremony since 1984, the network said Monday afternoon. From 8:00-11:33 p.m. Eastern time, broadcast posted a 21.7 rating and 33 share, according to Nielsen data. The Grammys were clearly impacted by the death of singer Whitney Houston on Saturday, which lent a significant degree of emotion to the proceedings. Over 46 million homes and 82.6 million viewers tuned in to all or part of the show — all-time highs for a live Grammy broadcast.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
