Reuters - Federal Reserve Chairman Ben Bernanke on Monday signaled the central bank would act to strongly resist rising inflation, as energy costs soar into the stratosphere.

AP - Despite a recent spike in the nation's unemployment rate, the danger that the economy has fallen into a "substantial downturn" appears to have waned, Federal Reserve Chairman Ben Bernanke said Monday.

AFP - Federal Reserve chairman Ben Bernanke has said the likelihood of a severe US economic slump has diminished, while "upside risks" to inflation are forcing the Fed to be more vigilant.

Reuters - London is the most influential financial centre in the world for the second year running, according to MasterCard's second annual survey.

Reuters - Economists have trimmed forecasts for U.S. growth in the second half of this year and in 2009, but more have come to the view that the United States will dodge a recession, a survey released on Tuesday showed.

AFP - The dollar fell against the euro but rose versus the yen in European trading on Monday, after the US currency plunged last week on news of a jump in the US unemployment rate, dealers said.

Reuters - The U.S. labor market declined in May to the weakest in three-and-a-half years and is likely to deteriorate further, the Conference Board said on Monday as it launched a new leading indicator for employment.

Reuters - Pending sales of previously owned U.S. homes unexpectedly rose in April to the highest level in six months as foreclosed properties flooded the market and drove prices sharply lower, a real estate trade group report on Monday showed.

Reuters - Pending sales of previously owned U.S. homes rose in April to the highest level in six months as foreclosed properties flooded the market and drove prices sharply lower, a real estate trade group's report on Monday showed.

Reuters - The Dow briefly turned negative on Monday as shares of financial services companies, including JPMorgan Chase & Co , extended losses amid concerns about further fallout from the credit crisis.

AP - Retail gas prices rose further above a national average of $4 Monday, and are likely to keep rising as distributors and retailers hike prices in response to last week's unprecedented oil price rally.

Reuters - U.S. Treasury Secretary Henry Paulson refused on Monday to rule out intervening in currency markets to stabilize the dollar, but said the U.S. economy's long-term strength will "shine through" in the dollar's value.

AFP - The dollar rebounded slightly in Asian trade on Monday after plunging at the end of last week on news of a jump in the US unemployment rate, dealers said.

Reuters - Wall Street may be in for a rocky ride this week as investors recall Friday's triple threat -- oil at a record above $139 a barrel, a troubling unemployment report and the stock market's 3 percent drop -- while they await inflation data for May.