Bonds, stocks and gold fall this morning

Financial markets dipped based on yesterday's news that the Federal Reserve likely will phase out its quantitative easing by 2014, reports Bloomberg. China's worsening cash crunch also is seen as a factor, according to Bloomberg's morning roundup of economic indicators and markets.

 

Jobless claims higher than expected last week

A weekly government report on the number of people filing new unemployment claims was higher than analysts had predicted but still within the trend of slow gains in employment, reports Reuters.

 

Mobile device sales exceed laptops, dumb phones

Verification of what we've all been hearing: Mobile devices are the future. CNN Money reports that demand for tablets now exceeds that for laptops and the number of smartphones shipped this year tops the number of cellphones that are not equipped with access to the Internet. Another industry hurt by mobile devices: digital cameras.