Investing

Media Digest (10/16/2012) Reuters, WSJ, NYT, FT, Bloomberg

The U.S. wireless market will continue to be dominated by AT&T Inc. (NYSE: T) and Verizon Wireless despite Softbank’s 70% investment in Sprint Nextel Corp. (NYSE: S). (Reuters)

Starbucks Corp. (NASDAQ: SBUX) begins to sell its Verismo coffee brewing machine. (Reuters)

Amazon.com Inc. (NASDAQ: AMZN) will hire 50,000 temp workers for the holidays. (Reuters)

Yahoo! Inc. (NASDAQ: YHOO) hires Henrique de Castro of Google Inc. (NASDAQ: GOOG) to be its chief operating officer. (Reuters)

Spain sets plans to get a bailout line of credit from the permanent EU fund. (WSJ)

Some mortgage lenders may get immunity from prosecution if they make loans to qualified buyers. (WSJ)

Some corporate customers worry that Microsoft Corp.’s (NASDAQ: MSFT) Windows 8 will be hard for workers to use. (WSJ)

JAL says ticket sales to China could be hurt for six months due to the territorial dispute between the two nations. (WSJ)

BlackRock (NYSE: BLK) says it will cut fees on some of its exchange-traded funds. (WSJ)

Gold reaches a one-month low. (WSJ)

Many China exporters say they see improvement in U.S. and emerging market demand. (NYT)

The prime minister of Greece says he expects his country to stay in the European Union. (NYT)

A Fed official says that, because several large banks dominate the mortgage business, low interest rates are not passed on to consumers. (FT)

Softbank will put $8 billion of capital into Sprint. (FT)

Standard & Poor’s cuts its rating on Spain’s largest financial firms. (Bloomberg)

Douglas A. McIntyre

In 20 Years, I Haven’t Seen A Cash Back Card This Good

After two decades of reviewing financial products I haven’t seen anything like this. Credit card companies are at war, handing out free rewards and benefits to win the best customers. 

A good cash back card can be worth thousands of dollars a year in free money, not to mention other perks like travel, insurance, and access to fancy lounges.

Our top pick today pays up to 5% cash back, a $200 bonus on top, and $0 annual fee. Click here to apply before they stop offering rewards this generous. 

 

Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.

AI Portfolio

Discover Our Top AI Stocks

Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.

You can follow him investing $500,000 of his own money on our top AI stocks for free.