AFP - The dollar gained ground on world currency markets Tuesday after Federal Reserve chairman Ben Bernanke warned about inflationary risks, causing traders to raise the odds of potential US interest rate hikes.

Reuters - Retail sales excluding cars improved in May, as consumers shelled out more money for gasoline at the expense of other purchases, according to a private report released on Wednesday.

Reuters - U.S. stocks shifted gears and climbed at midday on Tuesday as investors bought Dow industrials like Coca-Cola and other companies with steady earnings, while a drop in oil prices helped ease concerns about inflation.

AP - The trade deficit jumped to the highest level in 13 months in April as America's bill for foreign crude oil soared to an all-time high.

AFP - The United States and China will tackle rising inflation and the thorny issue of the undervalued Chinese currency at bilateral economic talks next week, US Treasury Secretary Henry Paulson said Tuesday.

AFP - The dollar gained in European trade on Tuesday after remarks from Federal Reserve chairman Ben Bernanke added to speculation about possible hikes to US interest rates, dealers said.

AP - Pending home sales unexpectedly rose in April to the highest reading since October, an industry group said Monday, but experts say the large proportion of distressed property sales will continue to weigh down prices.

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.