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Renewed pain for home sales
Renewed pain for home sales
11:50am: Sign of continued trouble for housing: Number of existing homes under sales contract drops 4.7% in May after an unexpected rise the month before.  more
Paulson: Many foreclosures can't be helped
4:23pm: Treasury secretary says many who bought homes they couldn't afford may lose them; praises industry group for helping some homeowners hang on. more
SEC blows whistle on bond raters
3:55pm: Regulator says Standard & Poor's, Moody's, Fitch had 'serious shortcomings' in identifying risks in mortgage-backed securities. more
G-8: Oil prices pose global risk
7:13am: Leaders call for an increase in oil production as well as improvements in energy efficiency. more
Watch out for weak earnings
Jul 7: Alcoa and GE will kick off second-quarter earnings season this week. And overall growth will probably look a lot like the first quarter. That's not good. more
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