Reuters - The Dow staged a modest rebound on Monday from Friday's nearly 400-point drop, as concerns about consumer spending and the housing market were eased by better-than-expected sales figures from McDonald's Corp and a surprising gain in pending home sales.

AP - Oil prices dropped Monday on a stronger dollar and a call from Saudi Arabia for a meeting to talk about prices it called unjustifiably high, but gas prices kept marching higher, leaving the $4 mark in the rearview mirror.

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.