Today's Top Stories - August 21, 2014 

 

BEWARE THE BELL! U.S. stock index futures indicated a higher open on Thursday, as the closely-watched Jackson Hole symposium of central bankers gets underway More

with investors focusing on central bank monetary policy and reacting to a slew of data from the euro zone More

Asian stocks traded mixed on Thursday, with Chinese shares significantly lower after a lower-than-expected preliminary reading of mainland manufacturing activity. Trading was subdued as investors stay on the sidelines before a gathering of central bankers in Jackson Hole later in the day More

Brent slipped below $102 a barrel on Thursday, near a 14-month low hit earlier this week, as concerns over excess oil supply and slowing demand weighed on prices More

Gold extended losses to a fifth session on Thursday, sliding 1 percent to its lowest in two months, after the U.S. dollar strengthened on indications from the Federal Reserve that it could raise interest rates sooner than expected More

Fed surprises with hawkish tone, but will Yellen? Markets are now anticipating a more hawkish tone from the Fed, but maybe not from Fed Chair Janet Yellen when she addresses the annual Jackson Hole symposium Friday More

The Federal Reserve minutes released Wednesday were more hawkish than expected, and if wages improve in the next few jobs reports, then the central bank may change its view on raising interest rates, former Pimco CEO Mohamed El-Erian told CNBC More

Bank of America reaches $17 BILLION shakedown settlement with government over mortgage fraud More

Mob boss calls a stock bubble: Former mob boss Michael Franzese thinks investors should avoid the U.S. stock market, but should you take his investment advice? "There's a bubble there that's going to burst at some point and when it does it's not going to be good," Franzese, a former mob boss for the Colombo crime family in New York , told CNBC More

Nutella prices could surge. Here's why: Following poor weather in Turkey, prices of hazelnuts have spiked more than 60 percent—unwelcome news for chocolate hazelnut spread Nutella, which uses about a fourth of the global hazelnut supply More

Buffett's Berkshire pays $896,000 for second error; Warren Buffett's Berkshire Hathaway is paying almost $1 million to the U.S. government for allegedly violating the filing requirements of an antitrust law for a second time More

US prosecutors are preparing a civil lawsuit against Angelo Mozilo, co-founder of Countrywide Financial, in a final effort to target the figure most associated with the sub-prime mortgage boom which preceded the financial crisis More

Dollar General Corp., which made a bid this week to buy Family Dollar Stores Inc. (FDO) for about $9 billion, complained to the takeover target’s board that it was given a false impression during earlier talks with the company More

OUR NATIONAL DISGRACE! THANKS OBAMA! ObamAmerica: 109,631,000 Americans on Welfare, 35.4% of the population More

USE YOUR CASH OR LOSE IT TAX MAN SAYS!  Samsung Told by Korean Tax Man to Use Apple-Topping Cash; Samsung Electronics Co. is sitting on a cash pile 58% bigger than Apple’s war chest. The tax man has a message for South Korea’s biggest company: “Use it or lose it.” More


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