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Tropical Storm Alex, Tesla IPO: Hot Trends

Tropical Storm Alex, Tesla IPO, Wachovia Online Banking, G20 and Senator Robert Byrd are trending topics on Google Monday.

(Hot Trends article updated with new information on Tesla IPO.)

NEW YORK (

TheStreet

) -- All eyes are on

Tropical Storm Alex

as it

approaches the oil spill

in the Gulf of Mexico. While the storm is expected to steer clear of oil-affected areas, there are few certainties when it comes to the weather.

If Alex forces a work stoppage at the

BP

(BP) - Get Report

oil spill site, officials fear that as much as 2.5 million gallons of oil could flow into the gulf for two weeks,

CNN

reports.

Electric-car maker

Tesla Motors

(GOOG) - Get Report

is expected to

launch its initial public offering

on Tuesday June 29.

Toyota

(TM) - Get Report

is in a partnership with Tesla, and has

agreed to buy $50 million worth of Tesla stock

at the IPO price. Tesla will trade on the Nasdaq under the ticker symbol TSLA.

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Wells Fargo

(WFC) - Get Report

announced last week that it is now offering

a new ATM e-receipt service

to its online banking customers. Wells Fargo is the first bank to offer the ATM e-receipt option, allowing customers the option of either having an ATM receipt sent to an online banking inbox or to a designated personal e-mail account.

Today, it was announced that the new service will become available to Wachovia customers when they convert to Wells Fargo, turning the phrase "Wachovia online banking" into one of the Internet's most-searched terms of the day. The conversion of Wachovia locations to Wells Fargo is expected to continue through 2011.

World leaders attending the G20 summit in Toronto this weekend

pledged to cut deficits

in the most developed countries by 2013.

Leaders at

the G20 meeting

agreed that steering the global economy will require governments to reign in spending and raise taxes.

President Obama, for his part, has repeatedly warned that too much budget-cutting could plunge the world back into a recession. Thus, in exchange for its support, the Obama administration ensured that the language of the agreement was for a soft "expectation" of deficit reduction, as opposed to a hard cap, and one that allows for deficit reduction "tailored to national circumstances."

Democratic Senator

Robert Byrd died

early Monday, raising fears that Byrd's death could jeopardize passage of

new legislation

on

financial reform

. Byrd's death could hurt Democrats' chances of getting the 60 votes needed in the Senate to clear a Republican procedural roadblock against the bill put together last week by House and Senate negotiators.

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.

-- Reported by Theresa McCabe in Boston.

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