Bond yields tumble across the globe as traders run to safety. Is the 'smart money' sensing danger in the markets? Plus, Janet Yellen and the Fed are back in the spotlight. Will they leave investors dazed and confused following June's policy meeting? And Apple's looking to get its mojo back with Siri in the driver's seat. We break down next week's big event. Catch The Final Round at 4 p.m. ET with Yahoo Finance editor-in-chief Andy Serwer; Erin Gibbs, equity chief investment officer at S&P Investment Advisory Services; and Thomson Reuters correspondent Bobbi Rebell, author of "How to be a Financial Grownup."
Endgame for Gawker?
Peter Thiel is one step closer to shutting down Gawker Media. The website filed for Chapter 11 bankruptcy today and put its assets up for sale. There's already an interested buyer. According to Recode, publisher Ziff Davis placed a $100 million bid on the company ahead of Gawker's bankruptcy auction.
Winners and losers
Stocks ending the week on a high note include building materials maker Axiall on its acquisition by Westlake Chemical, tax prep firm H&R Block on an earnings beat, and Walgreens on reports its merger with Rite-Aid could be approved by the FTC soon.
Stocks sinking into the red today include Urban Outfitters after it revealed current quarter comparable stores sales were falling by a 'mid-single digit' percentage, drugmaker Mylan dropping on a bearish note from Wells Fargo, and Tesla reversing on news the National Highway Traffic Safety Administration was examining an issue related to a suspension part. Tesla maintains the part has no safety defects.
- On Tuesday, we'll get retail sales for the month of May. The Street's hoping for a build from the prior month's 0.6% core reading.
- On Wednesday, there's more big data for the oil trade with the EIA's weekly crude inventory report. This week's report showed a suprise 3.2 million barrel drawdown.
- And on Wednesday afternoon, Janet Yellen and the FOMC wrap up their June meeting and release their latest policy statement. Stick with Yahoo Finance as we'll have that announcement live at 2 p.m. ET, along with Janet Yellen's press conference.