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Today's Top Stories - August 29, 2016  

Beware The Bell! U.S. stock-index futures pointed to a slightly lower open on Wall Street on Monday, ahead of personal spending and inflation data More

Europe: European stocks were lower on Monday as the U.S. dollar strengthened after hawkish comments from U.S. Federal Reserve Chair Janet Yellen in a closely watched speech Friday More

Asia: Japanese shares climbed on Monday, boosted by a weaker yen, while other Asian markets struggled after comments from U.S. central bankers on Friday suggested interest rates could be raised sooner than expected More

Oil: Oil fell towards $49 a barrel on Monday, pressured by high output from Middle East OPEC members and as a stronger U.S. dollar weighed on commodities More

Gold: Gold slid to a near five-week low on Monday after comments from top Federal Reserve officials fueled speculation that U.S. interest rates would rise sooner rather than later, weighing on the dollar More

It's the last year of Obama's presidency and the economy still sucks The U.S. economy grew at a “tepid” 1.1% in the spring, according to the Associated Press. Businesses have “sharply reduced” their inventories of goods and are investing less into capital goods like new buildings and equipment More

New GDP Numbers Are Terrible. No Wonder Hillary Won’t Talk About the Economy More

Why Isn’t the Economy the Issue? “Hillary, Trump too busy insulting each other to focus on Obama’s weak economy.” More

Welfare reform, 20 years later This week in 1996, under great political pressure, President Bill Clinton finally (after two vetoes) signed the Personal Responsibility and Work Opportunity Act, more comonly known as "welfare reform." More

Drug rip-off company, Mylan, to launch generic ‘EpiPen’ for $300 per 2-pack carton More

What's in your smartphone? Watch out for the next ‘conflict minerals’ Attention is shifting to metals and other commodities that are mined using child or slave labor, or in dangerous conditions - - Apple under fire More

FAA's new drone laws go into effect today, allowing US companies to innovate New rules by the U.S. Federal Aviation Authority (FAA) go into effect today, clarifying what is acceptable commercial usage of small unmanned aerial vehicles (UAVs), also known as drones More

Banks are preparing for an ‘economic nuclear winter’ The first half of 2016 has been a roller-coaster for financial markets. A combination of uncertainties surrounding the U.K.'s vote to leave the European Union and weaker-than-expected corporate earnings results across the region means a tough second half looms More

There Is No Fix for ObamacareWith Aetna’s announcement that it is pulling out of most government-run exchanges, Obamacare's death spiral has begun to accelerate. Few but the sickest or most heavily subsidized people want anything to do with the (inaptly named) Patient Protection and Affordable Care Act's high-priced, high-deductible, narrow-network plans. Insurers are responding to sicker risk pools and bigger losses by raising rates, which makes the plans even less attractive to the young and healthy—which makes the risk pools sicker, which makes the rates rise further. And the spiral continues, like water circling the drain More

The Target boycott is costing more than anyone expected The boycott started in April after Target announced that it would welcome transgender customers to use any bathroom or fitting room that matched their gender identity More

Consumers in 17 States Face Double-Digit Rate Hikes Under Obamacare: Among insurers proposing new rates, hikes range from a high of 62.1 percent from Blue Cross and Blue Shield of Montana to a low of 8 percent from Evergreen Health in Maryland More


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