Home prices in April were 3.5% higher than a year earlier, according to the S&P CoreLogic Case-Shiller U.S. National Home Price Index.Real Estateread more
Allergan shareholders will receive 0.8660 AbbVie shares and $120.30 in cash for each share held, for a total value of $188.24 per Allergan share.Biotech and Pharmaceuticalsread more
Investors are piling into gold, sending the precious metal to a six-year high on Monday, and analysts think the commodity has established a base to go even higher.Marketsread more
The Conference Board, a business research group, on Tuesday released the June update for its consumer confidence index.Economyread more
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Amazon announces that Amazon Prime Day will last for two days, starting July 15.Technologyread more
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Gold prices hit their highest level in six years on Tuesday as investors plowed into the precious metal amid the prospects for lower interest rates, a softer global economy...Marketsread more
FedEx sued the U.S. to block it from enforcing rules requiring it to police packages coming into the U.S. that may pose a threat to national security — placing the shipping...US Marketsread more
FedEx heads into Tuesday afternoon's earnings deep in a bear market. A failure to deliver could mark a massive buying opportunity.Trading Nationread more
"What else do you have to do that will actually have to affect the Iranians' calculus?" said Amos Hochstein, who served as U.S. special envoy for international energy affairs...World Politicsread more
Oil futures fell sharply, failing to hold a rally for a second day and signaling traders that the selling is not over.
Oil traded wildly in a big wide 8 percent intraday swing, the day ahead of the expiration of the January futures contract at the Nymex. West Texas Intermediate futures for January were up as much as 4 percent before turning lower, to settle down 4.2 percent at $54.11 per barrel, a fresh five-year low. Brent was trading below $60 after being up 4 percent earlier in the day.
"We're in contango, and we have weak cash prices. The downward pressure as you get to expirations gets intense," said John Kilduff of Again Capital. "These are what bear markets look like. When you recall the bull markets of the past years, this is the same thing that happened on the upside. "