Wall Street was poised Monday for a day of potential turmoil after global stocks slid in the wake of a first-ever downgrade of U.S. credit and major intervention by the European Central Bank to help stave off defaults in Spain and Italy.
European markets lost early momentum and moved sharply lower amid mounting concerns over eurozone debt woes and the pending opening of U.S. markets, when traders will have their first chance to respond to Standard and Poor's decision Friday to lower its triple A rating for the U.S.
Kingdom Holding Company plans to finish the world's tallest building in Jiddah, Saudi Arabia. It would dwarf the Empire State Building and the current record holder which is in Dubai. The new building would climb 3,200 feet into the air but the developer did not say exactly when construction starts.
South Dakota is home to one of the most recognizable monuments in the world: Mount Rushmore. But there are dozens of other lesser known physical testimonies to men and women across the state. As part of our summer road trip series, "Honey Stop The Car!," reporter Jim Kent takes us to Deadwood, where there's a tribute to a preacher who didn't live long in that Wild West town.