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US stocks close higher as materials gain nearly 1 percent

U.S. stocks closed higher as investors looked ahead to Federal Reserve Chair Janet Yellen's speech at the end of the week.

Source: CNBC.com

Fortescue reports tripled full-year profits, says iron ore moving back into balance

Australia's Fortescue Metals Group reported a full-year net profit of $985 million, triple last year's $316 million net profit for the year to end-June.

Source: CNBC.com

Let’s not take a victory lap on the end of private prisons just yet

The Justice Department may be ending the use of private prisons but most immigrant-detention centers are still privately owned, says Julissa Arce.

Source: CNBC.com

Record-breaking cars not enough to boost sales at Pebble Beach auctions

Sales at high-end car auctions in Pebble Beach and Monterey, California, fell 14 percent from last year.

Source: CNBC.com

Look for two new PS4 console models in September

Sony hopes to attract gamers with a new standard model as well as a new high-end version of the gaming console.

Source: CNBC.com

Sony to release two new PS4 models

The two new versions will feature one standard model and a higher-end version with 4K video capabilities.

Source: CNBC.com

Economist: Dollar/yen to head to 104 levels by year-end

Complete Intelligence's Tony Nash expects the Bank of Japan to roll out dramatic monetary policy measures, but not fiscal policy.

Source: CNBC.com

Can you trust dividends?

As investors look for dividends, will the chase for yield end badly? CNBC senior markets commentator Mike Santoli discusses dividend concerns, at the NYSE.

Source: CNBC.com

Prison stocks rebound

CNBC's Scott Cohn discusses how prison stocks are rebounding amid damage control from yesterday's news that Justice Department will end its use of private prisons.

Source: CNBC.com

Viacom, Redstone reach a truce: Sources

The battle for control over Viacom appears to have come to an end. As part of the agreement, Viacom CEO Philippe Dauman will leave and receive roughly $72 million in severance.

Source: CNBC.com