Nightly Business Report — July 7, 2015

Tonight on Nightly Business Report, it’s not just oil that’s getting walloped but also gold and copper. Why? And is it signaling something about the global economy? And, the multi-billion industry that’s based on fear, risk and hope. Tonight we begin a new series on the big business of ransom.

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Today’s hot stocks: AGN, MRK, GLPI, PNK, SHAK & CCL.

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Rosio Contreras waits for customers at Cafe Rosio in San Juan a day after Gov. Alejandro Garcia Padilla gave a televised speech regarding the government's $72 billion debt.

Running a small business is hard. It’s even harder on an island facing an $72 billion debt crisis. (Tweet This) Aside from the general state of economic uncertainty gripping the island, Puerto Rico faces new taxes—some already in effect, others being considered—that affect small firms and their customers. And those problems come on top of …

Source: Dina Gusovsky
Specialists for the Pilgrims Group—a company that provides security risk management and consulting—conducts its simulated kidnapping training course.

There is a multibillion-dollar industry predicated on fear, risk and hope: The business of kidnapping, ransom and extortion (KRE) is mainly publicized from the point of view of the hostage-takers or victims, but rarely do we get a glimpse into the companies responsible for rescuing, insuring and training people who find themselves in dangerous situations …

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This year, millennials will reach a major milestone, surpassing baby boomers and Gen Xers to become the largest generation in the American workforce, according to a Pew Research Center analysis of U.S. Census data. Adults ages 18 to 34 now make up 1 in 3 American workers, Pew reports. And that number is only expected …

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With the crisis in Greece fast becoming the center of investors’ attention, interest in Greek stocks has blossomed. But the claim that betting on Greek stocks resembles buying a lottery ticket would be even more accurate than the critics of such a strategy may know. In a fascinating if perhaps flip comment, Yale professor of …

David Sucsy | Getty Images
Aerial view of an Austin, Texas suburb.

The housing outlook for the second half of the year is all about affordability—for buying and renting. How bad will it get, and how much will it hurt the recovery in home sales? Home prices are still rising, but at a slower pace than this time last year. That cannot be said of mortgage rates, …

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U.S. stocks fell about 1 percent on Tuesday, with the S&P 500 falling below its 200-day moving average, as investors awaited developments in the Greece debt crisis. ( Tweet This ) The S&P 500 fell below that key level for its first time since October 20, joining the Dow Jones industrial average in negative territory …

Matthew Busch | Bloomberg | Getty Images
A new home for sale stands in the Andalucia neighborhood of The Dominion gated community in San Antonio, Texas.

A limited supply of listings continues to push home prices higher across the nation—so much higher that 10 states and the District of Columbia hit new home price peaks in May. Including sales of distressed homes, prices increased 6.3 percent nationally from a year ago, according to CoreLogic. “Mortgage rates on 30-year fixed-rate loans remained …

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The American flag hangs outside the New York Stock Exchange

The U.S. government needs to implement greater financial reforms under the Dodd-Frank Act in order to address new risks, the International Monetary Fund said Tuesday. (Tweet This) “Regulatory reforms remain incomplete and the structure of oversight has scope to be strengthened along a number of dimensions,” the IMF said. “The regulatory landscape remains fragmented resulting in …

Greek crisis: small business impact

Kate Rogers tells us why small businesses half a world away from Greece and feeling the squeeze of its debt crisis.

Should you refinance?

Are you one of the millions of Americas that could still benefit from a mortgage refinance, even as rates rise?

Earnings preview

Earnings season is almost here and many consider it to be the next big hurdle for the stock market.

China stock market turmoil

Investors around the globe are focused on the emergency measures China is taking to stabilize its stock market.

Oil sinks amid global concerns

Jackie DeAngelis tells us why oil prices are tumbling.