Personal Finance Daily
NOVEMBER 03, 2010
Wednesday's Personal Finance stories
By MarketWatch
- Investor anxiety lingers on taxes after election
- Investors should bet on growth over tax policy
- The Fed's unprecedented action
- ADP's report shows job gains
Still awaiting lawmakers' attention: the alternative minimum tax, the estate tax and a slew of so-called extenders' provisions. But what investors are probably watching most closely is the Bush-era income, capital-gains and dividend tax breaks, set to expire at the end of this year.
Read our stories today looking at what it all means for investors, plus read the details on the Fed's plan to buy $600 billion worth of Treasury bonds.
Some of my sources are telling me Congress may not even start dealing with the expiring Bush tax breaks until next year. Talk about uncertainty.
—Andrea Coombes , Personal Finance editor
TAXES
Investor anxiety lingers on taxes after election
Investors will know the new shape of the political and economic landscape by Wednesday afternoon. But one needling question looming over the market: Will the Bush era-tax cuts set to expire at year's end be extended?
Read how investor anxiety lingers on taxes after election.
Investors: Bet on growth over tax policy
Voters made a choice on Tuesday, now investors have to make one, too.
Read why investors should bet on growth over tax policy.
HEALTH CARE
Wireless armbands make weight control easier
It's that time of year when many people realize anew that losing weight or even maintaining it can be frightfully hard.
Read more on wireless armbands make weight control easier.
INVESTING
A retrospective on the Greek debt crisis
Ho, hum.Yet another sovereign-debt crisis passes into the history books, and the stock market rallies.
See more: A retrospective on the Greek debt crisis.
Everything you need to know about QE2
With market expectations universally pricing in some degree of quantitative easing by the Federal Reserve when they meet this week, the only remaining question is: How much?
Read more on everything you need to know about QE2.
THE JOB MARKET
Oct. private-sector employment up 43,000, ADP says
Private-sector employment rose 43,000 in October, a climb that nonetheless is not strong enough to lower the unemployment rate, according to a report released Wednesday by ADP.
Read more on ADP's private-sector employment report.
ECONOMY & POLITICS
Federal Reserve to buy $600 billion in bonds
The Federal Reserve pledged on Wednesday to start a controversial new $600 billion bond-buying spree to rescue the economy from its current doldrums.
Read more about the Federal Reserve's plan to buy $600 billion in bonds.
Commentary: Unprecedented action, limited impact
The Federal Reserve agrees with the voting public: The economic recovery is "disappointingly slow."
Read more on Federal Reserve's unprecedented action — and its limited impact.
Conciliatory Obama vows to work with GOP
President Barack Obama said Wednesday that he'll work with newly empowered congressional Republicans a day after they won control of the House of Representatives as he also defended some of his actions on the economy.
Read how a conciliatory Obama vows to work with GOP.
Republicans to challenge Obama after victory
A day after Democrats suffered deep losses in U.S. elections, President Barack Obama and Republican leaders vowed to work together on ways to create jobs and improve a weak economy.
Read more: Republicans to challenge Obama after victory.
Republicans also score big in state elections
Republicans are better positioned for long-term success in Congress after winning the governorship in 10 states as well as dozens of state legislature chambers.
Read more: Republicans also score big in state elections.
Top Republican pledges financial reform scrutiny
Following the GOP takeover of the House in Tuesday's midterm election, a key Republican said Wednesday that the top priority for Republicans is to provide "vigorous" oversight of the Obama administration's efforts to reform banking and housing.
Read more: Top Republican pledges financial reform scrutiny.
Commentary: Time for tea party to balance the budget
Thank God the midterm election is over. Now we can kick back and watch Kentucky's new senator, Rand Paul, balance the budget. Good luck with that.
Read more: Time for tea party to balance the budget.
Republican tidal wave misses California
The Republican wave that swept the nation in Tuesday's midterm elections appeared to steer clear of California, as voters were returning Jerry Brown to the governor's office and fellow Democrat Barbara Boxer was barely keeping her Senate seat, early returns showed.
Read how the Republican tidal wave missed California.
Washington, Alaska races face long delay
Don't blame election officials, blame the system.Figuring out who won a hotly contested Senate race in Washington could take days, and several weeks in Alaska, officials from each state said Wednesday.
Read how Washington and Alaska Senate-race results face long delay.
GOP takes House, Democrats keep Senate
American voters again opted for change in Tuesday's midterm elections, but not too much change.
Read more: GOP takes House, Democrats keep Senate.