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
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
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 prices softened on Wednesday ahead of data expected to show rising crude inventories in the United States and as the dollar strengthened from last week's three-year lows.
The premium of Brent over WTI widened to almost $3.60 a barrel, having neared its narrowest in six months on Tuesday as concern about a bottleneck of Canadian crude imports underpinned U.S. futures.
Traders are awaiting the latest data on U.S. inventories from the American Petroleum Institute, set to be released at 4:30 p.m. ET and government figures due on Thursday at 11 a.m., both delayed a day due to a holiday on Monday.
U.S. inventory data is due later in the day and stocks are expected to have risen by 1.3 million barrels in the week to Feb. 16, according to a Reuters poll.
U.S. crude oil production surpassed 10 million barrels per day (bpd) in November for the first time since 1970, hindering efforts by the Organization of the Petroleum Exporting Countries and other producers, led by Russia, to reduce bloated global inventories and prop up oil prices by cutting output.
The dollar steadied against other major currencies, buoyed by the rise in short-term U.S. government bond yields their highest in over nine years. A stronger greenback typically puts pressure on dollar-denominated commodities like oil.
The dollar gave up earlier gains after minutes from the Federal Reserve's most recent policy-setting meeting indicated the central bank will continue to raise interest rates as it anticipates continued economic growth and higher inflation.
Oil gained some support by a gain on Wall Street.
"Oil prices and the S&P have been highly correlated, of late, with economic strength translating into improved company performance and higher energy demand," said John Kilduff, partner at investment manager Again Capital in New York.
The Organization of the Petroleum Exporting Countries and other producers, including Russia, will discuss extending their existing cooperation for many more years when they meet in June as they seek to avoid major market shocks, the United Arab Emirates' energy minister told Reuters on Tuesday.
The group has agreed to cut crude output by 1.8 million bpd throughout this year to force global inventories to drain.
Futures prices have also been dented by the physical markets, which are showing signs of seasonal weakness, given that most of the world's refineries close, either partially or wholly, to conduct maintenance at this time of year and cut their crude intake as a result.
Differentials, or prices for physical barrels, have slid on both sides of the Atlantic and it is the cheaper sour, or more sulphourous, grades that have borne the brunt of the declines.
Prices for North Sea barrels on Tuesday recovered after hitting their lowest levels since mid-2017, as an overhang of surplus oil has materialized.
Light, sweet West African grades have proven to be the most resilient in the Atlantic basin, thanks in large part to demand from China, but Mediterranean crudes, including Russian Urals, have slid since the start of the year.
"European maintenance does not peak until May, two months later than last year, and demand in Q1 18 has been hobbled by unusually warm weather," consultant Energy Aspects said.
— CNBC's Tom DiChristopher contributed to this report.