IBD&#39;s Top 10 - Wednesday      (Investor's Business Daily)
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Investor's Business Daily - 1 China&#39;s leading stock index tumbled 6.5% after Beijing tripled a tax on stock trading to cool its booming market. Investors have been skittish on China since ex-Fed chief Alan Greenspan warned that its bubble could bust. But unlike in Feb., when a Shanghai swoon sparked a worldwide selloff, U.S. stocks rallied.
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Investor's Business Daily - Dollar bulls found little reason to be thankful Wednesday as traders headed out early for the holiday.
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Investor's Business Daily - With the votes counted, mutual fund managers are beginning to see which of their pre-election predictions are paying off.
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Investor's Business Daily - Flat-panel TVs, notebook computers and video game consoles are hot items this holiday season. And apparently, Best Buy stores are where consumers want to buy them.
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Investor's Business Daily - For the week ended Aug. 31, the Economic Cycle Research Institute&#39;s Weekly Leading Index rose to 140.4 from 139.2 the prior week after declining for 6 straight weeks. Higher stocks, better housing activity and jobless claims helped weekly numbers. But the index&#39;s annualized growth rate fell to 0.6% from 1.3% the prior week. That&#39;s a 43-week low, but not yet a signal that recession is on the way, the ECRI said.
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Investor's Business Daily - At first, nothing seemed amiss at last month's LinuxWorld trade show in San Francisco.
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Investor's Business Daily - These are good times for owners of mutual funds that go short.
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Investor's Business Daily - Spain has looked good for the last month -- but it&#39;s not the sun that&#39;s powering its shine. It&#39;s the rest of Europe, analysts say.
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Investor's Business Daily - Domestic stock funds had a rough June, but managed to hold on to solid performance for the second quarter and year to date. Growth beat value for the month, quarter and year to date.
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Investor's Business Daily - At a time when rapid growth in hedge funds might suggest that their mutual fund counterparts -- long-short funds -- would also prove popular, few investors seem to have much appetite for mutual funds they can sell short.
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Investor's Business Daily - German blue chip stocks have outperformed the global stock market and major U.S. indexes since the market's bottom in February 2003. Going into Monday, the Frankfurt Dax index had sprung 150% since then vs. 103% for the FTSE World index and 71% for the S&amp;P 500.
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Investor's Business Daily - After slogging through a correction in May, a number of European exchange traded funds have recovered in recent weeks and ventured to new highs.
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Investor's Business Daily - The Business Roundtable&#39;s CEO Economic Outlook Index fell 3 points to 81.9 in May amid high energy prices and the housing slump. But that&#39;s still well-above the boom-bust line of 50. Most executives expect sales, capital spending and hiring to be flat or rise in the coming months. &quot;While the survey does suggest that the economy is settling into a softer consolidation phase, as long as consumers keep spending, the economy can continue to move ahead,&quot; said Harold McGraw, the group&#39;s chairman.
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Investor's Business Daily - Despite rising interest rates, the Mortgage Bankers Association&#39;s seasonally adjusted index of application activity edged up 6.6% to 666.5 in the week ending June 8. Its index of purchase activity rose 7.2%, while refinancing activity climbed 5.6%. Analysts called it a scramble to head off rising borrowing costs. Mortgage rates are at their highest since mid-&#39;06.
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Investor's Business Daily - It's still No. 1 in cell phones, but Nokia has lost some market share.
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Investor's Business Daily - It's close but no cigar for Google in the Federal Communications Commission's much-anticipated auction of public airwaves, a process that could enable a new wave of wireless devices and services.
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Investor's Business Daily - Step into almost any electronics store, and one of the first displays to hit you is home networking.