MarketWatch First Take: Oil prices’ swift descent into summer - Energy market bears feast on a strong dollar, a weak economy, and Saudi assurances that they will not go hungry.

MarketWatch First Take: Greece gets worst of worlds with no euro decision - With Greek voters punting on the most fundamental decisions facing their economy, European leaders need to make decisive moves or risk a financial catastrophe, writes Steve Goldstein.

MarketWatch First Take: Facebook’s GM loss may weigh on IPO - As Wall Street and Silicon Valley gear up for the insanity of Friday’s Facebook IPO, news that General Motors will stop advertising on the social network throws a big wet blanket on the hype by highlighting a concern of investors:

MarketWatch First Take: Inflation decelerating, but Fed won’t pull trigger - Inflationary pressures are fading, just as Federal Reserve officials expected. But don’t think that the decline in the inflation rate will automatically lead to further quantitative easing by the Fed.

MarketWatch First Take: Retail sales: It’s payback time - Mother Nature, that fickle mistress, has struck again, slowing down the robust retail sales momentum of the first quarter.

MarketWatch First Take: J.P. Morgan owners deserved more - For a CEO who’s been criticized as arrogant, dismissive and cocksure, the J.P. Morgan Chase & Co. annual meeting was a setback for Jamie Dimon.

MarketWatch First Take: Groupon results buoy investors’ spirits - Internet daily deal pioneer Groupon has redeemed itself, at least for a day.

MarketWatch First Take: Icahn turns up the heat on Chesapeake Energy - Shares jump as investors see a revival in shareholder interests brewing at the struggling gas company.

MarketWatch First Take: Avon stiffs Coty, shareholders - Ignoring Coty’s takeover offer ends up costing Avon $2.7 billion in market cap.

MarketWatch First Take: Drew exit won’t fix J.P. Morgan’s risk problem - J.P. Morgan’s Jamie Dimon has ousted Ina Drew. Everything is fine now. There’s nothing to look at. Move along.