The Conference Board, a business research group, on Tuesday released the June update for its consumer confidence index.Economyread more
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 Congressional Budget Office estimated Tuesday that the national debt will rise to 141% of the economy over the next 30 years — 11 percentage points lower than the agency...Economyread more
Amazon announces that Amazon Prime Day will last for two days, starting July 15.Technologyread more
Joe Biden could face some uncomfortable questions about his record on women this week at the first Democratic presidential debates in Miami.2020 Electionsread more
Investors plow into the precious metal amid the prospects for lower interest rates, a softer global economy and increased geopolitical tensions.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
Commodity analysts are contemplating a further fall in oil prices this week with sanctions on Iran expected to be lifted and a fresh nuclear deal put in place.
Tehran said the International Atomic Energy Agency (IAEA) is set to confirm the country has met obligations by Friday.
"The IAEA will issue its final report on Friday to confirm Iran has met its commitments under the JCPOA," Deputy Foreign Minister Abbas Araqchi said, according to a number of media reports.
The JCPOA, or joint comprehensive plan of action, is an international agreement setting out the terms of Iran's nuclear program.
The comments appear to echo a statement last week from U.S. Secretary of State John Kerry.
"We are days away from implementation if all goes well," Kerry said.
Implementation day is when the lifting of sanctions by the U.S .and the EU comes into effect and a fresh nuclear deal begins.
Iran has told Reuters final steps are taking place Thursday and it's now ready for an agreement.
"The core vessel of the Arak reactor has been removed…and IAEA inspectors will visit the site and report it to the IAEA," the Atomic Energy Organization of Iran said.
Tehran expects sanctions could be lifted before Monday next week and that means the Islamic republic can turn the oil taps back on.
Iran has the fourth-largest oil reserves in the world and the International Energy Agency believes it could add as much as half a million barrels per day to exports as soon as sanctions are lifted.
In an already oversupplied market this could help push down an already plummeting oil price.
"There's not been an accommodation possible in OPEC…Saudi Arabia and the Gulf countries are not going to cut back, to make room for Iran coming back into the market," IHS vice chairman of consultancy Dan Yergin told CNBC on Wednesday.
However Jason Gammel, equities analyst at Jefferies told CNBC that a meaningful further drop is unlikely, even allowing for the added Iranian supply.
"We are starting to reach the stage where we start to cause interruptions to the physical supply of oil, so I do think the price needs to come up from where it is," said Gammel on Thursday.