A ton has happened over the past two days in the world of business. Yesterday wasn’t a very good day for the stock market as we saw declines in almost every sector. Today was a little different. New things were announced and overall, it was a good day.

The Dow Jones Industrial Average saw a gain of more than 143 points, or 1.3% after yesterday’s decline. It didn’t fully recover but hopefully it will get there soon. Currently the Dow sits in at 11,153 points.

The NASDAQ Composite saw an opposite motion. It saw a loss of just under 11 points. It’s not a big loss so it basically remained flat from yesterday but the 11 points adds on to the losses the Nasdaq incurred yesterday. The S&P 500 gained more than 9 points and the NYSE gained almost 98 points. So far, the markets haven’t recovered from yesterday’s drop but at least we saw gains today in most areas.

Gold also saw a decrease over the past two days. Since reporting last on Tuesday, gold price has dropped $34 and it is currently priced at $1,620 an ounce. Gold is going lower and lower and I think it will keep decreasing over the coming weeks and months. It is great to see the price decrease because it shows us that investors are putting their money in other places, perhaps places that will help our economy a lot more.

But what’s with the fire in the Amazon?

 

Amazon Fire Computer Tablet

AP Photo/Mark Lennihan

Relax, there is no fire in the Amazon rain forest, but there is a fire in the Amazon (AMZN) that we all know and love around the world. Yesterday Amazon gave us some great news which makes them even more ‘investment’ worthy. They announced the release of their new computer tablet, the Amazon Kindle Fire. The picture above gives you a glimpse of the pad. From the looks of it, it looks like another tablet that will cost us $500, right? Wrong!

The surprise comes in the price. Amazon (AMZN) expects to start selling the Kindle Fire at just $199. It has a 7″ screen which is smaller than the Apple iPad but it costs less than half of what you would pay for the iPad. Speaking of the iPad, the Kindle Fire is expected to compete with the iPad and from the looks of it, it looks like it will be a great match. The Kindle Fire is small, attractive, seems to be able to do a ton of things, and best of all, it’s much cheaper than the iPad, which makes it even more appealing.

I currently don’t own any tablet PCs, but this is something that I would not mind getting for myself. If I ever get it, I promise to post a personal review on Stocksicity. And because of this new announcement, investors have another reason to invest in Amazon. The Kindle Fire is scheduled to be launched on November 15, 2011 and you can pre-order on the Amazon.com website.

Amazon has great news but your banks may not. Bank of America (BAC) is the country’s biggest bank and earlier they announced that they will charge all customers a $5 fee for using their debit cards. This is one way Bank of America (BAC) will try to increase profits as new regulations come to effect.

Bank of America isn’t the bank trying this. JP Morgan Chase (JPM) and Wells Fargo (WFC) will be testing this out too by charging $3 a month. Other regional banks are trying the same to increase profits. It most definitely will not hold great with banking customers. I don’t know about you, but I hate paying fees for my bank. It’s enough that they use my money to lend others and charge huge interest while giving me a worthless 0.05% interest for my savings account, and I definitely don’t want them to charge me extra for using my debit card.

This might come back to either haunt the banks by driving away customers or work out great for them because they could end up making millions of dollars from the customers who don’t have a problem with this. But we will have to wait and see where things go after the new fees are put into effect.

Today was a very interesting day with news coming in from many sides. The Amazon Kindle Fire looks like a great piece of technology that could have a great impact. It’s something I am very much looking forward to.

What do you think about the Amazon Kindle Fire? Will you be getting it? What are you thoughts on the new Debit Card fees your bank may impose on you?