Saudi Arabia opens $585B stock market to foreign investors

Saudi Arabia’s stock market, valued at $585 billion, opened up to direct foreign investment for the first time Monday, as the kingdom seeks an economic boost amid low global oil

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Standard Pacific, Ryland Group to merge in $5.2B deal

Two major homebuilders, Standard Pacific and The Ryland Group, announced a merger agreement Sunday in a deal that would form a single company with what they say would be an

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Netflix shares fall after Alibaba’s plan is revealed

Shares of Netflix fell Monday after Alibaba Group Holding revealed its plans to introduce a similar video streaming service in China. Netflix fell 1.8% to $649.28 in early afternoon trading.

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Industrial production declines in May

Industrial production fell 0.2% in May, as a strong dollar and low oil prices continued to hurt manufacturers and crude producers. Mining activities declined 0.3% as oil companies scaled back

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Stocks tumble as Greek debt talks falter again

The U.S. stock market enters the new week in worry mode as investors react to the ongoing stalemate between Greece and its creditors and brace for this week’s Federal Reserve

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Rate-hike talk to heat up as Fed meets

The Federal Reserve’s two-day June policy meeting which kicks off Tuesday could shed light on whether the Fed will heed the warning of other global bankers to hold off on

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Cigna surges on Anthem takeover report

Shares of Cigna (CI) surged Monday following a report the health insurance giant has been approached by rival Anthem (ANTM) in a potential takeover overture. Cigna shares were up 12.18%

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Dow loses 108, back in the red for 2015

The Dow Jones industrial average dropped 107 points Monday to end up back in the red for 2015 as domestic and global concerns weigh on investors. Chief concerns include the ongoing

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Google launches Sidewalk Labs; aims to help fix cities

Google, famous for its ambitious projects to build self-driving cars and high-altitude balloons that beam the Internet to earth, is now taking aim at fixing another major problem: city life.

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Retail sales rebounded in May

Consumers finally opened their wallets in May as retail sales bounced back from a disappointing stretch that surprised economists. Sales jumped 1.2%, the Commerce Department said Thursday, in line with

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Solid May retail sales show “big spring thaw”

Consumer spending, the missing link in the economic rebound thesis, bounced back in May, as retail sales jumped 1.2%, suggesting that the hoped-for “big spring thaw” has arrived. Heading into

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World bankers message to Fed: ‘Don’t hike rates until 2016’

Add the World Bank to the list of influential organizations that are warning the Federal Reserve not to start hiking interest rates until next year, citing the risk of extreme

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