(Information on free checking accounts and the Apple conference updated in today's Hot Trends article.)
NEW YORK (
) -- "Free checking" is a popular search phrase today following reports that consumers may not be able to open a checking account without paying a fee.
Bank of America
charges consumer $8.95 a month to consult with a bank teller or if the customer requests a paper statement. Most big U.S. banks are expected to make free checking a thing of the past by charging fees for even the most basic banking services.
>> The New Face of Retail Banking
Mickey Cargile, founder and managing partner of WNB Private Client Services in Midland, Texas said that checking accounts could morph into "build-your-own" accounts, where certain basic services are free but any additional services will be charged. "It may even get to the point where you have to pay for each check you write," he said. "I think that free checking will go away completely."
"Steve Jobs" is a trending topic on the Internet today after the CEO hosted
"Back to the Mac" conference. Apple launched a big a lineup of products on Wednesday, including the new version of iLife, its photo, video and music editing software as well as Lion, the next version of its OS X operating system.
Jobs also unveiled two versions of the new ultra-thin MacBook Air, one with an 11.6-inch screen and one with a 13.3-inch screen. Prices start at $1,000.
The company recently
which showed strong gains across the board.
"Firefox" is a heavily searched topic today after
released version 3.6.11 of its Firefox browser on Tuesday.
Mozilla fixed several security and stability issues and has released a new version of the Web browser that is an 18.6 megabyte download.
G3, G4, G5 or Intel-based Mac, Mac OS X 10.4 or later users can upgrade to the improved version of the software at
"Beige Book" is a trending search topic today as investors wait for the afternoon release of the
report to confirm that additional quantitative easing might be on the way.
Dow Jones Industrial Average
added more than 100 points today as basic materials stocks rebounded from the previous session's selloff, partly helped by a weaker dollar.
Shares across the basic materials, transportation and capital goods sectors were leading gains with
topping the Dow.
"Graco stroller recall' is a popular search topic today after the U.S. Consumer Product Safety Commission announced that
Graco division is recalling approximately 2 million strollers due to risk of "entrapment and strangulation."
The baby gear maker received reports that strangulation in the strollers led to the death of four infants between 2003 and 2005. The Consumer Product Safety Commission is also aware of five separate reports of infants becoming entrapped in the stroller.
The recall involves older versions of the Graco Quattro Tour and MetroLite strollers and travel systems, all manufactured prior to 2007 and distributed by Graco Children's Products of Atlanta.
The entire list of recalled strollers is available at
the CPSC Web site
is a trending topic today after the airline announced it will begin service to and from Charleston International Airport and Greenville-Spartanburg Airport in South Carolina on March 13, 2011.
The carrier will operate seven daily nonstop flights between Charleston and four destinations including Baltimore/Washington, Chicago Midway, Nashville, and Houston Hobby.
Southwest will also operate seven daily nonstop flights between Greenville-Spartanburg and the same four destinations, as well as Orlando.
Southwest Airlines is scheduled to release its third quarter report on October 21.
The chatter on Main Street (a.k.a. Google) is always of interest to investors on Wall Street. Thus, each day, TheStreet compiles the stories that are trending on Google, and highlights the news that could make stocks move.
-- Written by Theresa McCabe in Boston.
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