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U.S. stock indexes tiptoed backward in Monday morning trading, ahead of a busy week of corporate earnings reports and a meeting of the Federal Reserve. Global stock markets were mixed, while the price of oil rose.
Home & Garden
Homebuyers faced surging prices and a shrinking number of properties for sale in June — causing the pace of sales to fall.
Michigan business groups on Monday defended twin oil pipelines beneath the Straits of Mackinac, saying Enbridge Inc.'s Line 5 provides crucial energy supplies and is safer for the environment than transporting the oil another way.
The International Monetary Fund upgraded the economic outlook for Europe, Japan and China this year. But the fund left its forecast for global growth unchanged from an April forecast, partly because the United States is unlikely to get much help from tax cuts and higher spending.
Grain futures were lower Monday in early trading on the Chicago Board of Trade.