Saturday, July 28, 2012

Apple misses estimates as iPhone sales fall

MARKETWATCH FRONT PAGE

Silicon Valley giant reports a rare earnings miss as sales of its popular smartphone fall from the March period, as consumers await the next version of the product. Sales of the iPad beat forecasts. See full story.

Chevron hit by Iraqi ban; energy stocks clobbered

Peabody Energy falls more than 11% on lowered profit estimate See full story.

Charting the technical cross currents

This week�s downturn places the U.S. markets� longer-term technical outlook in play. See full story.

Key Republican: Extend Bush tax cuts for year

A leading Republican on Tuesday said in order to avoid the fast-approaching �fiscal cliff,� Congress should extend current Bush-era tax rates for a year and use that time to make fundamental changes to the country�s tax code and entitlement programs. See full story.

Health-law costs dip, repeal adds deficit: studies

The Congressional Budget Office finds that health-care overhaul costs will dip as a result of the Supreme Court ruling, and that a recently passed bill from the House to repeal the measure would add to the deficit. See full story.

MARKETWATCH COMMENTARY

The emergence of cooler, sleeker and easier-to-use social networking apps is a reminder that Facebook�s best days may be behind it � something Wall Street and investors are already betting on. See full story.

MARKETWATCH PERSONAL FINANCE

Most financial advisers have their clients� best interests at heart, but there are a few bad apples. Here�s how to protect yourself, and your retirement funds, from rogue brokers and bad advice. See full story.

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