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If we learned anything this week, its that the economy is getting stronger. Today we got even more evidence. Economic growth at the start of the year wasnt really as bad as initially thought. According to the commerce department, the designations Gross Domestic Product increased. 8 . Throw still weak, corporate profits rose and the decline in business inventory investment was less severe. Still, the needed proof that the economy is rebounding, well, listen to what Federal Reserve chair janet yellen said today. Its appropriate, and ive said this in the past, i think for the fed to gradually and...

Offer for monsanto in what could be the largest merger of the year fit goes through. The acquisition would create a global giant in agriculture technology. Monsanto traded well below the offer price of 122 a share, a sign that shareholders are skeptical and may not be that enthusiastic about signing off on that deal. But the ceo of behr says the combination makes sense and hes not concerned about regulatory issues. The beauty of this combination is that both businesses are highly complementary. And its very much a growth story that is behind the combination. The products complement each other ...

Is something that hasnt happened in about two years. For a while today, it looked like that monthly win streak was going to end at three. But by the close the blue chip index was off 86 points, down but enough still to be positive for the month. Nasdaq gained 14. The s p 500 fell 2. The big winner for the month of may was the nasdaq, up more than 3. 5 . And according to bob pisani, the action weve seen is indicative of a healthy market. Reporter sell in may and go away . Not really. It wasnt a spectacular month but it wasnt a washout either. What we did see was healthy rotation. For example, t...

But we begin halfway around the globe with a changing of the guard in saudi arabia. The man who for decades has been in charge of the largest proven crude reserves in the world has been replaced. The oil minister of saudi arabia, ali al naimi, the de facto leader of opec and when he spoke, others followed. Now theres a new man in that role and he could usher in longterm change for the sector thats been the touch point for the market. Hadley gamble reports from riyadh. Reporter after 23 years on the job, veteran oil minister ali al naimi thanked colleagues for their support on sunday, moving in...

Employers have been creating jobs at a healthy clip for years, but today, just one day before the july employment report is set to be released, there were two setbacks for american workers. Firsttime applications for Unemployment Benefits rose by 3,000 last week to a seasonally adjusted 269,000. We also learned today that there was a rise in layoffs last month and tomorrow we may get answers to some pressing economic questions. Hampton pearson has more. Reporter sagging Energy Prices drove layoffs higher in july, a 19 increase over june. Out placement first challenger, gray and christmas says ...