U.S. stocks solidly higher as oil drops, Fed talk calms worries
| By MarketWatch |
| Last Update: 7/8/2008 5:00:10 PM |
MARKETWATCH FRONT PAGE
U.S. stocks close with strong gains as crude's biggest price dive in nearly four months brightens the outlook for transportation firms and retailers, and the Fed offers a line to the battered financial sector. See full story.
The Fed: Bernanke seeks new regulatory powers for Fed
Federal Reserve Chairman Ben Bernanke says the Fed should have additional powers to prevent and limit financial market turmoil. See full story.
Futures Movers: Crude falls $5.33, the most in nearly four months
Crude-oil futures tumble more than $6, poised for their biggest loss in nearly four months, as the rising dollar and economic worries spur investors to sell commodities. See full story.
VMware shares fall more than 24% on surprise departure of CEO
SAN FRANCISCO (MarketWatch) -VMware Inc. shares lost almost a quarter of their value Tuesday after the virtualization technology company stunned investors by replacing CEO and co-founder Diane Greene, following a tumultuous year for one of the tech-sector's hottest public offerings of 2007. See full story.
FundWatch: John Templeton, pioneer investor, dies at 95
John Templeton, the legendary mutual-fund manager who was a pioneer of international investing and later committed much of his fortune to scientific causes, has died at 95. See full story.
MARKETWATCH COMMENTARY
Jon Friedman's Media Web: Tim Russert and Clay Felker: a tale of two cities
No one cares about the media as much as the media. That was reflected in the fawning, over the top coverage of the deaths of Tim Russert and Clay Felker. See full story.
MARKETWATCH PERSONAL FINANCE
Paul B. Farrell: 'WALL-E' is the right pessimistic metaphor for this economy
Hollywood insiders are better at predicting the economy than economists. Take 1999, just before the dot-com crash, 9/11, the Iraq War. The top-grossing film “Star Wars: The Phantom Menace” warned of dark forces taking over the world. No. 2 was “The Sixth Sense,” about a man roaming Earth, trancelike, unaware he was dead. Others like “The Matrix” and “The Mummy” also warned of darkness dead ahead. See full story.
