U.S. President Barack Obama speaks to reporters about new sanctions imposed on Russia as he departs the White House in Washington on July 29, 2014. REUTERS/Joshua Roberts

What new Cold War?

WASHINGTON - President Barack Obama escalated U.S. sanctions against Russia but dismissed suggestions the growing chill marked the start of a new Cold War.  Full Article 

Mortgage applications fall in latest week: MBA 7:05am EDT

NEW YORK - Applications for U.S. home mortgages slipped last week as refinancing applications dropped, an industry group said on Wednesday.

Palestinian firefighters extinguish a fire following what witnesses said was an Israeli air strike on a house, in Khan Younis in the southern Gaza Strip July 29, 2014. REUTERS/Ibraheem Abu Mustafa

43 Palestinians killed as Israel pounds Gaza

GAZA/JERUSALEM - Israeli fire killed at least 43 Palestinians in the Gaza Strip early as the Jewish state said it targeted Islamist militants at dozens of sites across the coastal enclave, while Egyptian mediators prepared a revised ceasefire proposal.  Full Article | Slideshow 

Phones hang from a trading terminal on the floor of the New York Stock Exchange, May 19, 2009. REUTERS/Shannon Stapleton

Upstart IEX may prompt trading rule changes

NEW YORK - U.S regulators may relax rules that require the fastest possible execution of securities trades, potentially helping IEX Group, made famous in Michael Lewis' book "Flash Boys," to become a full-fledged stock exchange.  Full Article 

China's then Public Security Minister Zhou Yongkang attends the Hebei delegation discussion sessions at the 17th National Congress of the Communist Party of China at the Great Hall of the People, in Beijing in this October 16, 2007 file photo. REUTERS/Jason Lee

Xi reaches deal to probe ex-security chief

BEIJING - Two influential former Chinese leaders gave their consent for President Xi Jinping to investigate ex-domestic security chief Zhou Yongkang, a sign the corruption probe will not open a rift in the ruling Communist Party.  Full Article 

U.S. Federal Reserve Chair Janet Yellen testifies on the economy before the Joint Economic Committee on Capitol Hill in Washington May 7, 2014. REUTERS/Jonathan Ernst

Fed could offer vague rate clues

WASHINGTON - The U.S. Federal Reserve looks certain to press forward with its plan to wind down its bond-buying stimulus, and could offer some vague clues on how much nearer it might be to finally raising interest rates.  Full Article 

The Twitter logo is displayed on the floor of the New York Stock Exchange, November 8, 2013. REUTERS/Brendan McDermid

Twitter smashes expectations, stock soars

SAN FRANCISCO - Twitter Inc halted a slowdown in user-growth in the second quarter with the help of product tweaks and services built around the summer's World Cup, assuaging concerns for now that the online messaging service had peaked.  Full Article | Video 

Report
Gaza shelling hits UN school

A U.N. school being used as a refuge for Gaza residents is hit by shell fire. Paul Chapman reports.