MONEY (MSM)

Bidding wars return to home market

Christina and Kevin Dirks have been searching for a house in the Denver area for four months at prices up to $275,000. Bidding wars, a hallmark of last decade’s housing boom, are making a comeback in a number of metro areas across the U.S.

Hackers threaten to leak Ashley Madison's 37 million clients

Ashley Madison’s Canadian parent, Avid Life Media, confirmed the breach on its systems and said it had since secured its site and was working with law enforcement agencies to try to trace those behind the attack. The hackers, who call themselves The Impact Team, leaked snippets of the compromised data online and warned they would release customers’ real names, profiles, nude photos, credit card details and “secret sexual fantasies” unless

Gold hits five-year low under $1,100 on Chinese selling

Gold prices plunged as much as 4 percent to their lowest in more than five years on Monday as sellers in top consumer China offloaded the metal. Spot gold fell $45.55 to its weakest since March 2010 at $1,088.05 an ounce shortly after the Shanghai Gold Exchange opened, with volumes soaring to a record. It regained some ground, trading above the key $1,100 support level, but was still down 2.2

Cowen: Amazon will be number one U.S. clothing retailer very soon

Amazon is seeing a wave of upgrades just days before it reports quarterly earnings. The team of analysts, led by John Blackledge, sent out a note this morning predicting that Amazon will become the No. 1 U.S. apparel retailer by 2017, “comfortably passing” Macy’s within two years. Keep in mind that, according to Cowen, Amazon’s apparel and accessories segment is driving the sales of electronics and general merchandise (EGM), which makes up roughly 70 percent

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