Markets: News  

Bob Diamond: 'unacceptable face of banking'

Bob Diamond, the U.S.-born former chief executive of Barclays, is in part credited with keeping taxpayer money away from the British bank during the 2008 financial crisis; he's also been called the 'unacceptable face of banking.' See full story.

Barclays off in London ahead of Diamond testimony

Shares of Barclays were among banks posting losses Wednesday in London as that group's ex-chief executive officer, Bob Diamond, readied to testify in front of the U.K. parliament about the Libor interest-rate scandal. See full story.

U.S. celebrates Fourth of July at home, abroad

Though wildfire concerns have led to a banning of fireworks displays in some at-risk locales, Independence Day celebrations are underway across the U.S. and in locations beyond. See full story.

June retail sales gain may be smallest in 3 years

With consumer confidence and sentiment both declining in June, shoppers' caution translated to their wallets -- the month's sales are expected to rise at the smallest pace in about three years. See full story.

IMF urges U.S. lawmakers to remove 'fiscal cliff'

Failure to avoid the fiscal cliff could slash U.S. growth to under a 1% annual rate and risk harming the global economy, the IMF said in a report. See full story.

As Research In Motion tries to reverse slide, there is little hope among investors for a comeback. Its story will undoubtedly lead to numerous business-school case studies picking apart where it went wrong. See full story.

It's a situation that seems to defy supply-and-demand logic: If there's more demand in the housing market, wouldn't the cost of borrowing funds to buy a home be significantly on the rise? See full story.