The U.S. stock markets rallied smartly on the back of value picking of battered down financial and technology shares by value investors. This move comes ahead of the Fed’s outlook on interest rates and the U.S. as well as the world economy. Earlier in the day, it was announced that the crude oil inventories in U.S. had unexpectedly increased, triggering a minor correction in the global crude oil prices. The positive cues from the U.S. stock markets will most likely be reflected in Asia and Europe when they open for trading tomorrow. The key triggers for the global stock markets are likely to be interest rates and inflation.

Popularity: 8% [?]

On Wednesday, Wall street crashed for the second straight day giving rise to the possibility of this week being the worst week for Wall Street this year. FedEx Corp, earlier in the day, warned that the weakening demand and the zooming fuel costs might have a deep negative impact on the profits of the company, this year. Following this warning, bearish sentiments took over and across the board selling was witnessed in Wall Street and in the European markets. With the Asian markets set to open in a few hours time, they are likely to take the cue from Wall Street and a sell off is expected to be seen in most Asian markets as well. More updates on the asian markets as well as the Wall Street will follow shortly.

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TurboTax is a cool new software which helps tax payers in USA file their tax returns without any hassles or delays. This helps them get their tax refunds processed quickly. TurboTax is basically an accounting software which is very simple but extremely effective to use. Turbo Tax takes into consideration all the calculations that IRS requires. Turbo Tax is available in various versions for Window and Mac. The sellers of this software are so confident on the features and benefits of TurboTax that they’ve decided to throw in a Money Back Guarantee. Turbo Tax is definitely worth a buy.

Popularity: 41% [?]

Nasdaq has received commitment from two of the leading Banks in US, JPMorgan Chase and the Bank of America for funding $2.2 billion USD which will be used by NASDAQ to acquire Nordic market operator OMX. After acquiring OMX, NASDAQ is likely to focus on acquiring Philadelphia Stock Exchange for $652 million and the Boston Stock Exchange for $61 million. The OMX deal has been jointly struck by NASDAQ along with Borse Dubai for a cash consideration of USD 4.9 Billion.

Popularity: 42% [?]

Minnesota based industry and construction supplier Fastenal reported its Third Quarter results with its Net earnings a solid 14.9% higher than last year. But investors have not been very impressed with Fastenal’s results as it did not meet the analyst’s expectations. Analyst’s had expected that each Fastenel share would earn 42 cents whereas it was missed by 1 cent in reality by Fastenal. Moreover the downward trend in the home construction industry is also causing the share prices to fall.

Popularity: 42% [?]

US Investors started pulling out of the bond market as the expected federal reserve benchmark interest rate cut is not about to happen in the near future. The labour market is also showing a healthy trend as the jobless claims for benefits have reduced by about 12000 in the past week. Also the import prices have increased by about 1% as compared to a meagre 0.3% for exports. Expected inflation which will reduce the returns on fixed interest investments is the main reason for the investor’s reaction. In the previous weeks the expected interest rate cut had caused the treasury yields to become lower whereas now the reverse is happening thereby driving the yields from the bond market higher.

Popularity: 41% [?]