Reveal.Enjoy.

Market News:

1. Beer drinkers beware: The cost of a cold one is going up.

Brewers across the globe are hiking prices to compensate for lower volumes and higher commodity costs in the recession.

Anheuser-Busch InBev, the world’s largest brewer and maker of Budweiser, announced plans to raise prices Tuesday.  - CNN

2. Gearing up for the holiday shopping season, Sony unveiled a new e-book reader with wireless capabilities that could present the strongest competition to date for Amazon’s Kindle. At $399, the reader is $100 more than the entry-level Kindle but has a touch screen and, critically, allows readers to access books from a much broader range of sources, including temporary loans from libraries. The device will reach stores in December.

3.Fannie Mae (FNM) and Freddie Mac (FRE) continued to trade on extraordinary volume, making Fannie the top-traded stock yesterday and marking a 220% gain for Fannie in the last month. There was no news from either company, and analysts speculated the elevated volume was due to day-traders looking to make a profit. Vonage (VG) rocketed 165% in yesterday’s trading on volume of 33.2M shares compared to a daily average of 2.21M shares. The company announced last week that it plans to enter the mobile applications market, but once again, there were no recent news releases to warrant yesterday’s jump. FNM +5.4%, FRE +1.9%, VG +41.5% premarket.