Reuters - Video

EDITION: U.S. | U.K. | IN

Top News

Fed unemployment target: 6.5%

Wednesday, December 12, 2012 - 02:08

Dec. 12 - Summary of business headlines: Fed new jobless rate target 6.5%; Aetna raises forecast; Berkshire stock buyback; Redbox deal to compete with Netflix; Americans put off holiday shopping. Bobbi Rebell reports.

▲ Hide Transcript

View Transcript

Stocks rose to seven-week highs during Wednesday's trading session- cheering the Fed's new stimulus plan and promise to keep rates near zero until the unemployment rate gets back down to 6 and a half percent. But the enthusiasm was short-lived. Stocks fell back by the end of the session. The major indexes closing mostly lower. It's the Fed's latest attempt to boost the country's struggling economy. Wells Fargo's Brian Jacobsen: SOUNDBITE: BRIAN JACOBSEN, CHIEF PORTFOLIO STRATEGIST, WELLS FARGO ADVANTAGE FUNDS (ENGLISH) SAYING: "I think that Wall Street and even just Main Street could actually take encouragement from what the Fed's policy stance is because they have set out clear targets saying that they are not going to let inflation run out of control before they start bringing in- tightening monetary policy so I think that should be comforting to individuals." Shares of Aetna jumped. The third-largest U.S. insurer gave a higher forecast for profit and revenue growth in 2013. Warren Buffet's Berkshire Hathaway announced it spent $1.2 billion to buy back shares of its class A stock from the estate of a long-time investor. Shares rose on the news. But Wal-Mart stock dragged on the Dow. The Indian government announced an inquiry into the company's lobbying practices. New competition for Netflix- and at a lower price. DVD rental kiosk operator Redbox will launch an $8 a month instant video streaming service this month. The new service- a joint venture between Redbox owner Coinstar and Verizon will offer four one-night DVD rentals a month from the Redbox kiosks, and unlimited streaming TV shows and movies- a similar package from Netflix starts at 16 bucks. Americans are putting off their holiday shopping according to a new Reuters/Ipsos poll. Only 18 percent have finished their shopping- and 28 percent haven't done any holiday shopping at all yet. That could mean a big boost in sales during the final couple of weeks before Christmas. Software pioneer John McAfee is been deported from Guatemala to the United States. He has been evading officials in Belize for nearly a month after the killing of his neighbor. He is best known for the anti-virus software bearing the McAfee name. And in Europe: shares edged higher as concerns about the macro-economic environment eased.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

Fed unemployment target: 6.5%

Wednesday, December 12, 2012 - 02:08

Most Popular »

Investing 201 »

Arian Foster = BlackBerry? Arian Foster = BlackBerry?

Fri, Oct 25, 2013 - (3:16)

Don’t miss these red flags for IPOs Don’t miss these red flags for IPOs

Thu, Oct 10, 2013 - (2:34)

Copycat currency trading Copycat currency trading

Wed, Oct 02, 2013 - (2:28)

When to dump a winner When to dump a winner

Tue, Sep 24, 2013 - (1:55)

Where gold might again attract Jim Rogers Where gold might again attract Jim Rogers

Thu, Sep 19, 2013 - (2:05)

Why savings interest rates won't budge Why savings interest rates won't budge

Fri, Sep 13, 2013 - (2:09)

Buy local? ETFs try the trend Buy local? ETFs try the trend

Thu, Sep 05, 2013 - (2:42)

The better bond funds The better bond funds

Wed, Aug 07, 2013 - (2:40)

Best bargain in 40 years? European stocks Best bargain in 40 years? European stocks

Thu, Aug 01, 2013 - (2:24)

Invest like an activist Invest like an activist

Fri, Jul 26, 2013 - (2:49)

Why bruised Brazil is a buy Why bruised Brazil is a buy

Fri, Jul 19, 2013 - (2:48)

3 ways to fix your bond portfolio 3 ways to fix your bond portfolio

Thu, Jul 11, 2013 - (3:10)

The next gold? Diamonds lure investors The next gold? Diamonds lure investors

Wed, Jul 03, 2013 - (2:38)

How to play the Fed’s tapering timeline How to play the Fed’s tapering timeline

Thu, Jun 20, 2013 - (2:34)

How to play banker on the web How to play banker on the web

Tue, Jun 11, 2013 - (2:57)

3 surprises about the 2013 stock rally 3 surprises about the 2013 stock rally

Fri, May 24, 2013 - (2:11)

How to cash in on lawsuits - Investing 201 How to cash in on lawsuits - Investing 201

Tue, Apr 30, 2013 - (2:30)

Rising dollar will drive stocks higher Rising dollar will drive stocks higher

Wed, Apr 10, 2013 - (2:32)

A little-known path to big dividends - Investing 201 A little-known path to big dividends -...

Thu, Apr 04, 2013 - (3:16)

What exactly does Warren Buffett own? - Investing 201 What exactly does Warren Buffett own? -...

Thu, Feb 14, 2013 - (0:51)

Big short bets: Where are they now? - Investing 201 Big short bets: Where are they now? -...

Fri, Dec 21, 2012 - (2:33)

How iPhone 5 sales affect your wealth - Investing 201 How iPhone 5 sales affect your wealth -...

Wed, Sep 26, 2012 - (2:52)

How to avoid doomed ETFs - Investing 201 How to avoid doomed ETFs - Investing 201

Mon, Sep 24, 2012 - (1:56)

Money Clip »

3 things to do before disaster strikes 3 things to do before disaster strikes

Wed, Sep 18, 2013 - (1:39)

Your must-do money list Your must-do money list

Wed, Sep 11, 2013 - (1:24)

The worst "best" financial advice The worst "best" financial advice

Wed, Sep 04, 2013 - (1:42)

Forget gold: The case for REITs Forget gold: The case for REITs

Fri, Apr 26, 2013 - (1:19)

3 rules for buying a house now 3 rules for buying a house now

Thu, Apr 18, 2013 - (1:39)

“Stalking” your dream home - Money Clip “Stalking” your dream home - Money Clip

Wed, Mar 27, 2013 - (2:50)

3 hidden tax deductions - Money Clip 3 hidden tax deductions - Money Clip

Thu, Mar 21, 2013 - (1:33)

How to break your prenup - Money Clip How to break your prenup - Money Clip

Thu, Mar 07, 2013 - (1:18)

Watch your wallet on Pinterest - Money Clip Watch your wallet on Pinterest - Money Clip

Thu, Feb 21, 2013 - (1:33)

Get set for the big bull run - Money Clip Get set for the big bull run - Money Clip

Thu, Jan 24, 2013 - (3:41)

Raising charitable kids - Money Clip Raising charitable kids - Money Clip

Tue, Dec 11, 2012 - (1:24)

Render unto Apple - Money Clip Render unto Apple - Money Clip

Fri, Dec 07, 2012 - (2:50)

Reuters Investigates »

Re-homing victim: "I could have been dead" Re-homing victim: "I could have been dead"

Wed, Feb 19, 2014 - (8:24)

Cops and loggers in the Amazon rainforest Cops and loggers in the Amazon rainforest

Fri, Jan 10, 2014 - (4:01)

"Passed around like a dog" "Passed around like a dog"

Thu, Aug 29, 2013 - (6:32)

Adopted, then abandoned online Adopted, then abandoned online

Thu, Aug 29, 2013 - (13:21)

How the DEA keeps its secrets secret How the DEA keeps its secrets secret

Mon, Aug 05, 2013 - (1:36)

How education lost its role as the great equalizer - Reuters Investigates How education lost its role as the great...

Mon, Dec 17, 2012 - (7:52)

Jihad Jane: From abused child to American jihadist - Reuters Investigates Jihad Jane: From abused child to American...

Sat, Dec 08, 2012 - (10:01)

Jihad Jane: The order to kill - Reuters Investigates Jihad Jane: The order to kill - Reuters...

Sun, Dec 09, 2012 - (10:39)

Lessons of the Jihad Jane case - Reuters Investigates Lessons of the Jihad Jane case - Reuters...

Sun, Dec 09, 2012 - (3:43)

Exclusive: Jihad Jane in her own words Exclusive: Jihad Jane in her own words

Sat, Dec 08, 2012 - (4:11)

Attorney: How a Maryland teenager became radicalized - Reuters Investigates Attorney: How a Maryland teenager became...

Fri, Dec 07, 2012 - (4:21)

Counselor: Jihad Jane at 17 - Reuters Investigates Counselor: Jihad Jane at 17 - Reuters...

Thu, Dec 06, 2012 - (4:17)

Reuters Investigates: Easing the grip of China's state-owned giants Reuters Investigates: Easing the grip of...

Tue, Oct 16, 2012 - (3:16)

Critics warn shadowy groups could bring bloodshed if Chavez loses - Reuters Investigates Critics warn shadowy groups could bring...

Mon, Aug 13, 2012 - (2:54)

Starbucks brews up big tax breaks Starbucks brews up big tax breaks

Mon, Oct 15, 2012 - (3:46)

Moving Pictures »

Still missing – MH370 Still missing – MH370

Fri, Sep 05, 2014 - (2:05)

Images of August Images of August

Fri, Aug 29, 2014 - (1:00)

Burning Together Burning Together

Mon, Sep 01, 2014 - (2:23)

Mending dolls, teddies and hearts Mending dolls, teddies and hearts

Fri, Aug 22, 2014 - (3:12)

"Old timers" sail the Chesapeake Bay "Old timers" sail the Chesapeake Bay

Mon, Aug 11, 2014 - (2:27)

Burned memories Burned memories

Fri, Aug 08, 2014 - (3:02)

Images of July Images of July

Thu, Jul 31, 2014 - (1:20)

World Cup: passion on the pitch World Cup: passion on the pitch

Fri, Jul 11, 2014 - (1:00)

A refugee in America gives back A refugee in America gives back

Wed, Jul 02, 2014 - (3:25)

A long search for refuge A long search for refuge

Fri, Jun 20, 2014 - (3:04)

World Cup: Around the globe in 50 goals World Cup: Around the globe in 50 goals

Fri, Jun 06, 2014 - (1:08)

VIVID – Sydney’s spectacle of light VIVID – Sydney’s spectacle of light

Fri, May 30, 2014 - (1:37)

The week that changed Boston The week that changed Boston

Mon, Apr 14, 2014 - (3:28)

360° snapshot of life in Kabul 360° snapshot of life in Kabul

Fri, Apr 04, 2014 - (1:26)

A blind teenager, living with vision A blind teenager, living with vision

Thu, Mar 27, 2014 - (3:51)

TIMELAPSE: Backstage at the Oscars TIMELAPSE: Backstage at the Oscars

Wed, Mar 05, 2014 - (2:49)

TIMELAPSE: Lunch with Oscar nominees TIMELAPSE: Lunch with Oscar nominees

Wed, Feb 12, 2014 - (2:55)

Sochi Highlights: Let the games begin Sochi Highlights: Let the games begin

Fri, Feb 07, 2014 - (0:40)

TIMELAPSE: On the Golden Globes red carpet TIMELAPSE: On the Golden Globes red carpet

Tue, Jan 14, 2014 - (3:28)

Pictures of the Year 2013 Pictures of the Year 2013

Fri, Dec 20, 2013 - (3:03)

Marching to the beat of Sousa's drum Marching to the beat of Sousa's drum

Thu, Dec 05, 2013 - (6:11)

The Gettysburg Address The Gettysburg Address

Thu, Nov 28, 2013 - (2:31)

Making Gruyere: A family affair Making Gruyere: A family affair

Wed, Oct 16, 2013 - (5:06)

Abortion: After the decision Abortion: After the decision

Tue, Sep 17, 2013 - (5:46)

A Hollywood Timelapse A Hollywood Timelapse

Mon, Jul 22, 2013 - (2:24)

Idaho's militia training Idaho's militia training

Wed, Jul 17, 2013 - (5:04)

Tornado survivors of Moore, Oklahoma Tornado survivors of Moore, Oklahoma

Fri, Jun 07, 2013 - (5:25)

24 hours in Taksim Square 24 hours in Taksim Square

Thu, Jun 06, 2013 - (1:00)

A Zeppelin flashback A Zeppelin flashback

Wed, Jun 05, 2013 - (6:50)

Dateline Asia »

iPhone black market surges in Hong Kong iPhone black market surges in Hong Kong

Fri, Sep 19, 2014 - (1:50)

Breakingviews: Alibaba priced for believers Breakingviews: Alibaba priced for believers

Thu, Sep 18, 2014 - (3:09)

Sterling jumps, on Scottish vote Sterling jumps, on Scottish vote

Thu, Sep 18, 2014 - (2:56)

Rare rock on the block in Hong Kong Rare rock on the block in Hong Kong

Thu, Sep 18, 2014 - (1:43)

Alibaba IPO is 'overhyped': Mark Mobius Alibaba IPO is 'overhyped': Mark Mobius

Thu, Sep 18, 2014 - (4:13)

China tech players chip away at Alibaba China tech players chip away at Alibaba

Wed, Sep 17, 2014 - (4:02)

Breakingviews: India hits Japan/China radar Breakingviews: India hits Japan/China radar

Tue, Sep 16, 2014 - (2:20)

Asia corporate sentiment is slipping Asia corporate sentiment is slipping

Tue, Sep 16, 2014 - (1:36)

Alibaba's China roadshow Alibaba's China roadshow

Mon, Sep 15, 2014 - (2:16)

Asia Week Ahead: Xi Jinping gets down to business in India Asia Week Ahead: Xi Jinping gets down to...

Fri, Sep 12, 2014 - (1:56)

Vancouver 'unaffordable'? Not in China Vancouver 'unaffordable'? Not in China

Thu, Sep 11, 2014 - (3:16)

Breakingviews: Export shortfall damaging emerging economies Breakingviews: Export shortfall damaging...

Wed, Sep 10, 2014 - (2:33)

Hong Kong democracy - the facts Hong Kong democracy - the facts

Wed, Sep 10, 2014 - (1:26)

Breakingviews: Get to know the Alibaba valuation calculator Breakingviews: Get to know the Alibaba...

Tue, Sep 09, 2014 - (3:30)

Abe looks to Japan's consumers Abe looks to Japan's consumers

Tue, Sep 09, 2014 - (1:45)

Corruption crackdown gives rise to a new mooncake in China Corruption crackdown gives rise to a new...

Mon, Sep 08, 2014 - (2:09)

Asia Week Ahead: China trade to reveal recovery pace Asia Week Ahead: China trade to reveal...

Fri, Sep 05, 2014 - (1:22)

Breakingviews: Beijing signals no more 'hands-off Hong Kong' Breakingviews: Beijing signals no more...

Sun, Aug 31, 2014 - (3:08)

Flying kangaroo Qantas looks to loyalty program for cash Flying kangaroo Qantas looks to loyalty...

Sun, Aug 31, 2014 - (2:36)