Reuters - Treasury Secretary Henry Paulson said on Tuesday that the global economy was being strained by costly energy but said U.S. economic fundamentals were sound.

Reuters - Consumer confidence fell in June to its lowest in 16 years as high inflation continued to sap confidence and pushed expectations for the future to a record low, the Conference Board said on Tuesday.

Reuters - Stocks edged higher on Tuesday as investors looked for bargains among beaten-down financial shares and the price of oil slipped, offsetting a profit warning from United Parcel Service

AP - U.S. consumer confidence fell unexpectedly sharply in June, sinking to its lowest level in more than 16 years, according to a private industry group.

AFP - The dollar dipped against the euro Tuesday after weak US housing and consumer confidence readings appeared to dampen expectations the Federal Reserve will raise US interest rates in the coming months.

Reuters - Consumer sentiment slid to a 16-year low in June while house prices suffered record annual drops in April, according to data Tuesday that suggested a retrenchment in spending that will keep squelching economic growth.

AFP - US consumer confidence plunged in June amid growing economic concerns about jobs and the economy and their short-term outlook slid to an all-time low, the Conference Board reported Tuesday.

AP - Wall Street rebounded in erratic trading Tuesday, with investors seeking bargains among financial stocks even as concerns grew about the impact of high fuel costs on consumers and corporate profits.

AP - Oil futures fluctuated Tuesday as traders awaited significant news that could help the market break out of a trading range that has lasted for more than two weeks. Retail gas prices, meanwhile, slid below a national average of $4.07 a gallon.

AP - Oil prices rose Monday on disappointment over Saudi Arabia's modest production increase and concerns that output from Nigeria will decline. Retail gas prices, meanwhile, inched lower overnight, but appear unlikely to change much as long as oil prices stay in a trading range.

Reuters - General Motors Corp initiated a series of steps on Monday from cutting production of trucks to offering aggressive incentives to combat the drop in demand for large vehicles amid record-high gas prices.

Reuters - The U.S. Securities and Exchange Commission is planning rules to make it possible for U.S. money-market funds to invest in short-term debt without regards to ratings put on those securities by firms such as Moody's and Standard & Poor's, the Wall Street Journal reported on Monday citing people familiar with the matter.