Today's Top Stories - August 31, 2015  

 

BEWARE THE BELL! U.S. stock index futures pointed to a lower open on Monday, as European and Asian stocks traded mostly lower on concerns that Beijing might change tack in its efforts to boost the stock market More

EUROPE: European stocks followed Asian equities lower on Monday on reports that China could stop propping up its equity markets More

ASIA: Asian equities closed mostly lower on Monday, with the Shanghai Composite significantly paring losses amid talk that Beijing will halt its controversial market intervention More

OIL: Oil fell below $49 a barrel on Monday after its biggest two-day rally in six years last week, pressured by a supply glut and renewed concern about a hard landing for China's economy More

GOLD: Gold steadied on Monday after last week's slide as a retreat in the dollar lent support, but indications that the Federal Reserve may still raise interest rates this year despite recent market turmoil weighed on the metal More

Gartman: I'm confused, but still buying stocks The annual central banking conflab at Jackson Hole over the weekend has left widely-followed investor, Dennis Gartman, confused More

As Wall Street prepares for the first rate hike in nearly a decade, traders are expecting to see some big swings in one particular market … When interest rates do start to rise, Gina Sanchez of Chantico Global said currencies will likely be more volatile than stocks, bonds or commodities More

Hulu to become Epix's streaming partner after Netflix opts out Major films such as "Hunger Games: Catching Fire," "World War Z," and "Transformers: Age of Extinction" will move to online video service Hulu from Netflix starting in October when cable network Epix switches streaming partners More

Don't sleep on US inflation pressures: Fed's Fischer U.S. inflation will likely rebound as pressure from the dollar fades, allowing the Federal Reserve to raise interest rates gradually, Fed Vice Chairman Stanley Fischer said on Saturday in a speech careful not to overreact to a possible Chinese slowdown More

Saudi Arabia hangs on with cheap oil—but for how long? Mark the date on your calendars: Aug. 28, 2018. That's when Saudi Arabia goes broke. Or at least that's the date according to one model of the oil-rich nation's reserves, crude production and the price of oil. If crude stays around $40, America's Middle Eastern ally will run out of money on that date. More

Berkshire Hathaway takes $4.48B stake in refiner Phillips 66 Warren Buffett's Berkshire Hathaway Inc. disclosed a $4.48 billion stake in oil refiner Phillips 66, rebuilding a bet it had made in the energy industry before oil prices fell More


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