Wall Street fell for a second straight day in a row. The anxiety over the U.S. government shutdown growth and the Dow retreated almost one per cent. On commodity markets. Gold is now tipping higher and the Australian dollar jumped overnight against the green back as the shutdown weighs on confidence in the U.S. economy. And it’s now worth $94.4.

   

Some major changes at the top of one of America’s biggest banks JP Morgan as it comes under increasing scrutiny. JP Morgan Chase chief executive and chairman Jamie Diamond has now given up his chairmanship under new company rules. Mr.Diamond’s being under scrutiny since the company disclosed it was losing billions of dollars on deliverities in what’s become known as the “London Whale Trades”. JP Morgan recently paid 1 billion dollars in penalties for that and is still  negotiations with over 11 billion dollars whether funds for its role in the 2008 credit crunch.

   

Twitter has revealed its highly anticipated listing on the U.S. market. It’s seeking to raise 1 billion dollars in an initial public offering. It’s expected to be the most sought of the IPO since Facebook’s in May last year. The company generates 65 per cent of revenue from mobile advertising and has 100 million daily active users.