Today's Top Stories - October 31, 2014 


BEWARE THE BELL! Wall Street stock index futures soared on Friday, as global markets rebounded after the U.S. posted better-than-expected third-quarter economic growth More

EUROPE: European shares traded higher on Friday after data showed the U.S. economy grew more than expected in the last quarter and a number of banks in the region posted forecast beating results More

ASIA: Japanese shares outperformed their Asian peers on Friday following easing measures from the Bank of Japan and updates from the world's largest pension fund More

The Bank of Japan (BoJ) surprised markets on Friday, ramping up stimulus for the fragile economy that's struggled to shake off the impact of the nationwide sales tax hike that took effect in April More

OIL: Brent crude oil fell more than a dollar towards $85 a barrel early Friday morning as a firmer dollar and a well supplied oil market pushed the benchmark towards its steepest monthly decline since 2012 More

GOLD: Gold was struggling below $1,200 an ounce on Friday and looked set to post its worst week in seven, while silver tumbled to its lowest since early 2010, as strong U.S. economic data and fears of an early rate hike curbed the metals' appeal More

Big oil, consumer data in spotlight at month end Earnings from Exxon and Chevron, and data on consumer spending, income and inflation are highlights ahead of Friday's opening bell More

Manager missing and so is money! Credit Suisse says it wired a total of $1.5 MILLION in three transactions to the hedge fund's bank account on one day in January Two weeks later, according to its lawsuit, the bank realized it had made a mistake: At the time of the wire transfers, the hedge fund, Galbraith Capital Investment Management, was winding down operations and it had no cash left in its account with Credit Suisse More

Starbucks to you: The coffee retailer is planning to launch a food and beverage delivery service in select markets during the second half of next year More

The Federal Trade Commission filed its first lawsuit against an online dating site on Wednesday; accuses a British company, JDI Dating, with using fake messages and computer-generated profiles to trick people into upgrading to paid memberships More


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  Quote OF THE DAY   



"One of the curious aspects of the Tea Party’s emergence during the past four years is the extent to which the mainstream media have fostered the idea that this political phenomenon represents a kind of radicalism. Certainly, some politicians of the so-called Tea Party have tossed out ideas and expressions that have been silly and warped. Does that mean, though, that the Tea Party, as a broad political movement, is radical?


"The answer is no. The Tea Party is a reactive movement, aimed at protecting the political mainstream from radical ideas, initiatives and policies of the left. Indeed, a review of American politics over, say, the last 50 years reveals that, to the extent America has been grappling with radicalism, it has been coming from the left. Then, as these ideas have gained traction through the agitations of the country’s liberal establishment, that establishment promptly labels those who resist as radicals."


~ Robert W. Merry, Political Editor, The National Interest





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