- Israel hits symbols of Hamas rule; scores killed
- Mississippi abortion law can’t be enforced
- Teacher who survived Sandy Hook has book deal
- Jury awards Jesse Ventura $1.8M in case vs. ‘American Sniper’ author Chris Kyle
- Government OKs Arab-owned company to operate U.S. cargo port
- Defense lawyer: McDonnell’s wife had ‘crush’ on CEO
- Chinese hackers stole ‘huge quantities’ of sensitive data on Israel’s Iron Dome
- House unveils bill to speed deportations of illegal immigrant children
- Californians protest middle school for hiring white man to teach cultural studies
- Killer’s sentencing overturned because mother couldn’t find seat in courtroom
Question of the Day
Stocks sink, pushing S&P to edge of bear market
NEW YORK — The latest setback in Greece’s financial crisis sent the Standard and Poor’s 500 index to its lowest level of the year, putting it on the edge of a new bear market.
The index, the benchmark for most U.S. stock funds, has fallen 19.4 percent since its high for the year on April 29. A 20 percent drop would signify the start of a bear market, ending a bull market that began in March 2009. The S&P 500 has gained 76 percent since then, including dividends.
European markets slumped, dragging U.S. stocks down along with them, after Greece said it will miss deficit reduction targets it agreed to as part of its bailout deal. Benchmark indexes in Germany, France and Spain all fell 2 percent.
The Dow Jones industrial average fell 258.08 points, or 2.4 percent, to 10,655.30. The S&P 500 lost 32.19, or 2.9 percent, to 1,099.23. That’s below its closing low of 1,119 for the year, reached on Aug. 8.
Citi tweaks checking account rules, ups some fees
Citibank made sure to draw attention last week to its lack of fees for using debit cards after news broke that its biggest competitor would start charging them.
But at the same time, the bank was letting its customers know they’ll soon have to meet stricter requirements to avoid monthly checking account charges.
The main changes will be seen by customers with mid-tier checking accounts, which offer the potential for earning interest and a few other perks. Starting in December, Citi will charge $20 a month on these accounts, unless the customer has combined balances of $15,000 or more in checking, savings and investment accounts or loan balances.
The fee was previously waived for combined balances of $6,000 for that level of account, which offers perks such as interest-bearing checking.
Customers also pay $2 fees for using non-Citi ATMs if they don’t meet the balance requirement.
Sales up on big trucks
About the Author
- LETTER TO THE EDITOR: Reject any legislation dubbed 'comprehensive'
- LETTER TO THE EDITOR: Media are complicit in Hamas' tactics
- LETTER TO THE EDITOR: Gazans should help defeat Hamas
- EDITORIAL: The impeachment trap
- EDITORIAL: Illegal aliens in the shadows? What shadows?
Latest Blog Entries
TWT Video Picks
Undocumented immigrants are proud and loud now with their demands
- Boehner rules out impeachment: 'Scam started by Democrats'
- Obama thanks Muslims for 'building the very fabric of our nation'
- Federal judge grants 90-day stay in D.C. gun case
- Obama: 'Not a new Cold War,' but new Russia sanctions announced
- Smugglers, rainstorm combine to poke holes in border fence
- Obama's brother wears Hamas scarf bearing anti-Israel slogans in photo
- PHILLIPS: Once-in-a-century stupidity
- D.C. seeks to stay judge's order allowing gun owners to carry in public
- PRUDEN: When the hangman botches the job
- Kerry's credibility questioned as fighting in Gaza rages
Obama's biggest White House 'fails'
Celebrities turned politicians
Athletes turned actors
20 gadgets that changed the world