Today's Top Stories - February 10, 2016  

Beware The Bell! U.S. stock index futures pointed to a sharply higher open on Wednesdayafter a very volatile week so far, as investors look to the testimony from Federal Reserve Chair Janet Yellen for reassurance More

Europe: European equities rallied on Wednesday, as investors look towards Federal Reserve Chair Janet Yellen's testimony in front of Congress amid mounting concern over the health of the global economy More

Asia: Monkeys threw a wrench into Asian markets in the Lunar New Year's first week of trading,with sharp sell-offs in Japan, Singapore, and Down Under on Wednesday More

Oil: Oil rose to trade near $31 a barrel on Wednesdayafter four days of declines, supported by the prospect that OPEC and rival producers will cooperate to tackle a supply glut that has sent prices to a 12-year low More

OPEC expects rivals to pump out less oil in 2016 Oil cartel OPEC has cut its forecasts for how much its rival producers will produce in in 2016, while the 12-member group continues to ramp up its own production levels More

Gold: Gold edged down further on Wednesdayfrom a 7-1/2-month high as European shares rose, dimming safe-haven demand and investors awaited guidance on the pace of further U.S. rate increases More

Obama's Dismal Fiscal Legacy: President Obama has released his final budget. But his fiscal legacy is largely already written, and it's a story of failed leadership, broken promises, and a more burdensome government for the American people More

This Is Why You Can’t Afford a House There’s little argument that inequality, and the depressed prospects for the middle class, will be a dominant issue this year’s election. Yet the most powerful force shaping this reality—the rising cost of housing—has barely emerged as political issue More

The Collapsing Social Security Pyramid Scheme: "There's no reason to bankrupt the country by keeping the fraud going forever" - COMMENTARY: Thomas Sowell More

Obama Budget Would Add Another $9.3 Trillion to the Debt: Obama presented a budget to Congress on Tuesday that if enacted would add nearly $10 trillion to the national debt, according to the White House's projections - The debt would reach $27.4 TRILLION in 10 years and Democrats just don't care More

Obama’s 2017 Budget Viewed Another Way: Record $3,643,742,000,000 in Taxes; Record $4,147,224,000,000 in Spending; $503,482,000,000 Deficit More

SolarCity Torched On Q1 Guidance As Losses Expected To Deepen SolarCity (SCTY) stock was torched after hours Tuesday, after the No. 1 residential installer guided to deepening Q1 losses and slower installation growth in 2016, despite CEO Lyndon Rive’s earlier pledge to curb losses by 2017 More

The recent weakness in financial stocks does not necessarily point to the onset of recession but is likely part of a market trough, Joseph Zidle, portfolio strategist at Richard Bernstein, said Wednesday More

From ZIRP to NIRP: What's the Fed's next move? Negative interest rates in the U.S. may seem like a far-fetched idea, but the Federal Reserve is telling banks to prepare, just in case More


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02-10-16 giant  catfish  
Big cat -- fish shot by VNS'  international photographer Corey Langley in Asia's Siam Paragon
 
VNS Photo by Corey Langley

 


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