Weekly Roundup: Hurry up and wait for the taper and the iPhone

	Weekly Roundup SEPTEMBER 20, 2013 To all Gmail users: To ensure that you continue to see your MarketWatch emails, please drag and drop one of our emails into your Primary tab and click "Yes" when asked if you would like to do this for future messages from MarketWatch. You can also add "MarketWatch" to your Gmail contacts list or filters. Hurry up and wait for the taper and the iPhone Top stories week of Sept. 15-20 Sometimes, you have to wait. This week, the world learned it would have to wait for the Federal Reserve to taper. YOSHIKAZU TSUNO/AFP/Getty ImagesCustomers queue to buy Apple's new iPhone 5c and 5s smartphones outside the Apple Store in TokyoAnd wait for gold-hued iPhones. And wait for the Affordable Care Act — if House Republicans (and two Democrats) have their way. And, for Larry Summers, wait to be the next Federal Reserve chairman (perhaps forever). Let's hope you waited to sell your stocks: This week, the Dow Jones Industrial Average (DJIA) advanced 0.5%, the S&P 500 (SPX) gained 1.3% and the Nasdaq Composite (COMP) rose 1.4% Stay tuned to MarketWatch this weekend for all the news you need for your investing and retirement needs. — Steve Goldstein Taper, taper, go away The Federal Reserve surprised markets by not reducing the size of its $85 billion per month bond-purchase program. Federal Reserve decides not to taper No Summers in the autumn The former Treasury secretary withdrew from consideration to be Federal Reserve chairman, citing the acrimony that a confirmation hearing would bring. Most observers expect Vice Chairman Janet Yellen to be nominated, though the potential for a surprise remains. Summers withdraws from race to be next Fed chair The new iPhones are on sale There was strong demand for Apple's (AAPL) new iPhones Friday — particularly the model that comes in a gold color. Apple kicks off sales of new iPhones BlackBerry to lay off 4,500 employees Good news doesn't often come late Friday afternoons. No one was lining up for BlackBerry (BBRY) devices, as the smartphone maker said it would have to cut jobs in respond to slumping sales of its newest devices. Read more on BlackBerry warning Latest videogame introduced The gamers had their own toy to line up for, Take-Two Interactive Software's (TTWO) "Grand Theft Auto V" — which quickly surpassed $1 billion in sales. In case you're wondering: You can't play the game on an iPhone. 'Grand Theft Auto V' hit stores to record-high ratings J.P. Morgan fined for a 'whale' of a loss J.P. Morgan Chase was fined a combined $920 million for allowing the trades by the so-called London Whale that ended up losing the bank north of $6 billion. See: 'Whale' turned into albatross for J.P. Morgan Shooting in Washington Another mass shooting took place this week, this time at the Navy Yard in Washington, D.C. At least 13 killed in Navy Yard shooting Arends: Stock market declares 'game over' on gun control Houses passes bill to extend funding for all programs but Obamacare The House of Representatives passed legislation that would keep the federal government open for business passed Sept. 30 — but at the cost of President Obama's signature legislation, the Affordable Care Act. That's a step too far for the Senate as well as the White House, setting up a legislative clash and another down-to-the-wire episode. House passes budget bill defunding Obamacare CBO says more action needed on deficit Congressional budget analysts on Tuesday issued a stark new warning about the long-term U.S. budget outlook, just as lawmakers and the White House are staring at a pair of fiscal confrontations. U.S. on 'unsustainable' budget course, CBO says The latest on income and poverty If you're going to be average, be average near the heart of the federal government, according to the latest data on median household income. The richest households live near the Capitol Get the latest news on our mobile site: http://www.marketwatch.com/m MarketWatch has sent you this newsletter because you signed up to receive it. To ensure you receive this newsletter in the future, please add marketwatchmail.com to your list of approved senders. Sent to: kumaresan.selva.blogger@gmail.com Unsubscribe | Subscribe Copyright 2013 MarketWatch, Inc. All rights reserved. MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc. By using this site, you agree to the Terms of Service and Privacy Policy (updated 6/26/07). MarketWatch - Attn: Customer Service, 201 California St., San Francisco, CA 94111