Gold, silver slump as Fed dents risk appetite

MARKETWATCH FRONT PAGE

Gold futures tumble Wednesday, extending a downward risk-off run from the previous trading session after the U.S. Federal Reserve dashed hopes of any further monetary stimulus. See full story.

Yahoo to cut 2,000 jobs, sees $375 million savings

Yahoo says it is cutting 2,000 jobs in hopes of saving $375 million a year, a move intended to give rise to what its recently installed CEO calls a �smaller, nimbler, more profitable� company. See full story.

Tech stocks fall with SanDisk a big decliner

Memory chip maker slumps after cutting revenue outlook, while Yahoo trades flat following plans to ekiminate 2,000 jobs. See full story.

Jamie Dimon�s invincibility is eroding

New regulatory actions against J.P. Morgan show that the bank isn�t living up to the standards claimed by its CEO. See full story.

Morgan falls after CFTC slap, financials drop

J.P. Morgan Chase & Co. shares fell 1.9% early Wednesday after the Commodity Futures Trading Commission ordered the bank to pay a $20 million fine for mishandling segregated customer funds before and during the Lehman Bros. 2008 collapse. See full story.

MARKETWATCH COMMENTARY

Instead of acknowledging that banks have become a part of government, we keep pretending they are private institutions, writes David Weidner. See full story.

MARKETWATCH PERSONAL FINANCE

Is the state that you have designs on retiring to tax friendly or not? And the basic questions to answer are these: How does the state tax your income? How does it tax your property and your consumption? And what�s the overall tax burden? See full story.