Before the Bell: Bernanke, Apple and UPS are in spotlight
Wall Street signals a steady open, as investors await remarks from Fed chief Ben Bernanke later Monday as well as an influx of earnings reports from major banks beginning at midweek. Apple’s shares weaken on reports that suppliers have reduced their output of panels for the iPhone 5. UPS warns it will walk away from a deal to buy European package-delivery company TNT Express if it’s turned down by regulators in Brussels.
PODCAST: The Fed's next move, a perfect work record
The Fed will wrap up a meeting today in Washington, and experts are guessing that policymakers will launch more monetary stimulus to boost the economy. With austerity still the hot button word in Europe, here in the U.S., the Postal Service could be going the way of Greece if Congress doesn't pass a restructuring plan to close a multi-billion dollar budget gap. And why public transit riders aren't so happy about Apple's new operating system for iPhones and iPads.