Expect a relatively quiet summer week on Wall Street. If there is any big news to report this week, it will probably emerge from the real estate market. This week, two key housing reports are due to be released that will shed light on new- and existing-home sales.
HAIFA, ISRAEL--What happened to Hezbollah? Despite earlier statements that it would oppose a foreign force in south Lebanon, Hezbollah accepted the deployment of an armed U.N. force in its midst. Despite earlier statements that it would continue to fight after the cease-fire began as long as Israel remained in south Lebanon, Hezbollah not only has not shot a single Katyusha since Israel began slowly pulling out; it did not react when Israeli soldiers shot and killed some of its armed men. Hezbollah even agreed that it would not let its fighters walk around with their guns showing.
In an effort to cool China's rapidly expanding economy, which grew by a greater-than-expected 11.3 percent in the second quarter, the Chinese central bank has raised interest rates for the second time in four months.
AP - John Mark Karr's hours of champagne toasts and roast duck vanished the second his plane touched down on U.S. soil. By Monday morning, he was in a high-security jail cell awaiting transfer to Colorado to face charges in the killing of 6-year-old JonBenet Ramsey.
AP - After a massive manhunt that shut down the Virginia Tech campus on the first day of classes, police on Monday captured an escapee suspected in the slayings of a hospital guard and a sheriff's deputy.
A federal judge in Miami has dismissed the lead terror count against Jose Padilla, the U.S. citizen once identified as a "dirty bomb" suspect and detained for three years without charges as an "enemy combatant."
Eleven of the 23 people arrested over the alleged plot to bomb trans-Atlantic airliners have been charged with terror offenses, British officials have said.