(Hot Trends article updated with new information on Tesla IPO.)
NEW YORK (
) -- All eyes are on
Tropical Storm Alex
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
oil spill site, officials fear that as much as 2.5 million gallons of oil could flow into the gulf for two weeks,
is expected to
launch its initial public offering
on Tuesday June 29.
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.
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.
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."
early Monday, raising fears that Byrd's death could jeopardize passage of
. 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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