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U.S. home prices down in May, but consumer confidence strong

NEW YORK - U.S. single-family home prices fell unexpectedly in May, declining for the first time in more than two years in the latest signal of the wobbly state of the housing market.

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A mixed quarter for bets on U.S. stock volatility

NEW YORK - With some of Wall Street's more volatile names set to report in the next couple of days, traders who bet on big swings in shares are hoping to see moves more like Facebook than Netflix.

10:39am EDT

China says investigating powerful former security chief for graft

BEIJING - China's Communist Party said on Tuesday it had launched a corruption investigation into former domestic security chief Zhou Yongkang, one of the country's most influential politicians of the last decade, in a case that has its origins in a party power struggle.

World, China 11:13am EDT

Islamic State video wages psychological war on Iraqi soldiers

BAGHDAD - Islamic State, the al Qaeda spin-off that seized wide swathes of Iraq almost unopposed last month, has released a video warning Iraqi soldiers who may still have some fight in them that they risk being rounded up en masse and executed.

World, Iraq 9:22am EDT

Clashes kill 30 in Benghazi in escalating Libya turmoil

BENGHAZI Libya - Libyan forces on Tuesday battled Islamist militants with rockets and warplanes for control of an army base in the eastern city of Benghazi after at least 30 people were killed in overnight fighting.

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Karzai's powerful cousin killed, worsens strains over poll deadlock

KABUL - Afghan President Hamid Karzai's powerful cousin, a close ally of presidential candidate Ashraf Ghani, was killed in a suicide bomb attack on Tuesday, officials said, deepening strains over an election marred by fraud and under a U.N.-monitored review.