Dow Erases 2014 Gain Amid Global Selloff as Exxon Tumbles
U.S. stocks joined a global selloff, erasing the year’s gains in the Dow Jones Industrial Average, as Exxon Mobil to Micron Technology tumbled amid weaker corporate results.
Have We Turned the Confidence Corner? Millionaires Think So
Spectrem Millionaire Confidence Index hits nine-month high; consumer confidence, Chicago PMI—even Ben Bernanke—points to a possible resurgence, but Spectrem’s Wolper warns about negative effect of rising gas prices.
Payroll Tax Cut Deal Reached in Congress
Congressional leaders said late Wednesday they had reached a tentative agreement on a payroll tax cut; legislation likely will be ready for President Obama’s signature by the end of the week.
Fight Over Payroll Tax Cut Begins Anew for Congress
As lawmakers return to Washington this week and next, top on their agenda will be to begin hashing out a full-year deal to extend the two-month payroll tax cut that was approved before the holiday recess and that expires on Feb. 29.