At opening the markets opened low, then regained their steam on the good news we reported earlier about lower unemployment claims. Then, the stocks headed lower. All of that to say, it looks like it's going to be another dramatic day on Wall Street.
The European markets still dealing with fears about France's credit ratings could give us some indication of the type of up-and-down day we may be in for. Here's Dow Jones Newswires with what happened there:
If you remember the iPhone 4 frenzy back in 2010, then you remember Jason Chen, a writer for Gizmodo. He was the one who bought a prototype of the iPhone 4 that an Apple engineer left at a bar and then Chen published a story about it that revealed the new phone's new specs.
Probably because Apple is known to be so secretive, the story blew up. And a few days later Chen's home was raided by a law enforcement task force called the Rapid Enforcement Allied Computer Team.
President Barack Obama, left, shakes hands Commerce Sec. Gary Locke, right, after announcing that Locke will be the next US ambassador to China, in the Diplomatic Room of the White House Wednesday, March, 9, 2011. Locke is replacing Jon Huntsman.
Credit Pablo Martinez Monsivais / AP
William Galston is a senior fellow at the Brookings Institution and a contributing editor for The New Republic.
A bartender mixes cocktails at a stand selling vodka at the Wine and Gourmet Asia show at the Venetian hotel in Macau on November 8, 2007.
Credit Mike Clarke / AFP/Getty Images
Victorino Matus is a senior editor at The Weekly Standard.
Unemployment once again has crept past 9 percent. GDP growth fell below 2 percent this last quarter. Inflation is up. Home values are down. There's talk of a double-dip recession. According to one market analyst, "We're on the verge of a great, great depression." But through it all, there is one constant, a commodity that has not only survived during these harsh economic times, but even thrived.
A jewelry store is damaged in Ealing, west London, Tuesday, Aug. 9, 2011, following unrest overnight. A wave of violence and looting raged across London and spread to three other major British cities Tuesday, as authorities struggled to contain the country's worst unrest since race riots set the capital ablaze in the 1980s.
Credit Jonathan Short / AP
Portia Walker is a freelance journalist.
Buildings are charred and shops barricaded closed. Helicopters circle low overhead. London's prison cells are all full. Police are flooding the streets of the capital. For four days now, mobs have run amok in multiple areas across this city, looting, brawling, and terrorizing people.
As a mob stormed through a warm Monday night on a west London street, restaurants locked their doors and diners headed home early.
A new report says environmental controls on vehicles could help Kentucky’s economy. The study, conducted by the United Autoworkers Union, the Natural Resources Defense Council and the National Wildlife Federation, found that stronger fuel economy standards for cars and light trucks will help create thousands of clean energy jobs in Kentucky and around the country.
Taking a road trip to Iowa, U.S. Sen. Rand Paul, R-Ky., joined his father, U.S. Rep. Ron Paul, R-Tx., on the presidential campaign trail Wednesday to enliven supporters leading up to the August 13 straw poll. Congressman Paul is making his third attempt at the presidency, but this is the first time his Sen. Paul has joined his father on the 2012 election bid. The father and son congressional duo spoke to a crowd of about 50 people during a meet and greet in the city of Waterloo, where Kentucky’s junior Senator told the audience that both parties need to compromise to bring government spending down.