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California has the top three cities with properties over $1 million.

A housing-market slowdown could be bad news for renters

As the housing market cools across the US, economists say rental prices look poised to rise.
Stanley Druckenmiller, founder of Duquesne Capital Management, speaks at the Sohn Investment Conference in New York, May 8, 2013.

‘Put all your eggs in one basket and watch the basket very carefully’: Here are 13 brilliant quotes from billionaire investor Stanley Druc...

Stanley Druckenmiller has a long, fruitful career in fund managing. Unlike other investors, he is not a fan of traditional investing strategies.
Visitors crowd an artificial wave swimming pool at a tourist resort to escape the summer heat in Daying county of Suining, Sichuan province, China.

The world is swimming in $244 trillion of debt

Global debt has swelled to $244 trillion, the Institute of International Finance says. Meanwhile, the ratio of debt to GDP worldwide hit a record.

The housing market is cooling off — and uncertainty isn’t helping

Affordability and the new tax law are contributing to a slowdown in the US housing market. A less tangible factor at play may be sheer uncertainty.
Saudi Arabia's energy minister al-Falih addresses a news conference after an OPEC meeting in Vienna

Swelling oil inventories could be driving the market toward oversupply, OPEC says

Less than two weeks before US sanctions against Iran kick in, OPEC said the oil market could shift toward a surplus and signaled it would adjust production accordingly if that were the case.
L3 ENVG-B

L3 Technologies and Harris Corp agree to deal, creating $33.5 billion defense giant

L3 Technologies and Harris Corp. rallied Monday morning after the two companies agreed to merge in an all-stock deal. The new company will have a market capitalization of $33.5 billion, making it the sixth largest defense company in the US, according to the company release.
A general view of Tesoro's Los Angeles refinery in Los Angeles, California October 10, 2014.

The US’s biggest oil companies are joining the ‘climate OPEC’

The oil majors Exxon, Chevron, and Occidental will join an industry coalition that aims to address climate change.

Report: Saudi Arabia is looking to invest big in Tesla as the company teases going private

While Tesla CEO Elon Musk shocked investors last week by toying with the idea of taking the company private, several suitors may have already been courting the electric-car giant months ago. Saudi Arabia's Public Investment Fund and Japan's SoftBank have reportedly been touted as potential buyers.

London’s Borough Market reopens for the first time since the terror attack

The Market has been closed since the attack on June 3, but reopened on Wednesday.

UK terrorist attacks cause stocks in the owner of Alton Towers and London Eye’s to tumble

Merlin Entertainment's stock price sees drop due to reduced visitors following UK terror attacks.